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Market Size

  • Report ID: GMI4792
  • Published Date: Feb 2023
  • Report Format: PDF

Power Sports AfterMarket Size

Power Sports Aftermarket industry size surpassed USD 10 billion in 2022 and is projected to register 7% CAGR from 2023 to 2032, driven by the growing number of accidents from off-road biking activities and sports events.

 

The rigorous racing activities and intense power sports make use of advanced motorsport engineering in order to prevent accidents and damages caused to vehicles. Furthermore, the growing incidences of vehicle recall due to safety concerns are offering lucrative business prospects to aftermarket players. According to the Consumer Federation of America (CFA), a total of 167 off-highway vehicle (OHV) recall notices have been identified from January 2010 to February 2023. These include all-terrain vehicles (ATVs), utility task vehicles (UTVs) and recreational off-highway vehicles (ROVs).

 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The aftermarket for power sports surpassed USD 10 billion in 2022 and is expected to expand at 7% CAGR from 2023 to 2032, according to GMI report.

The industry size from heavyweight motorcycles is estimated to amass USD 7 billion by 2032 due to growing demand for adventure bikes.

The North America power sports aftermarket is poised to cross USD 10 billion by 2032 driven by the increasing interest in off-roading events, recreational activities and water sports.

Kubota Corporation, Deere & Company, Harley Davidson, LeMans Corporation, Polaris Inc., Textron Inc, and Western Power Sports are some of the key players operating in the competitive landscape.

Power Sports Aftermarket Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 422
  • Countries covered: 16
  • Pages: 200
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