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Power Sports Market Share

Report ID: GMI1688
Published Date: Jun 2024
Report Format: PDF

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Power Sports Market Share

Polaris, Inc. and BRP, Inc. hold a significant market share of over 16% in the power sports industry. enabling them to access new markets and broaden their product offerings. By aligning with complementary brands or acquiring innovative startups, companies can leverage their combined strengths to enhance their competitive edge and capture a larger market share. This approach fosters synergies and facilitates access to new distribution channels and customer segments, positioning these players for sustained growth and success amid the evolving market landscape.

R&D investments keep companies at the forefront of emerging trends, empowering them to unveil state-of-the-art technologies and groundbreaking designs.

This ongoing innovation enhances the brand’s reputation and cultivates a dedicated fan base. Complemented by customer engagement initiatives and experiential marketing, companies forge stronger bonds with consumers, fostering brand loyalty. Through these strategic endeavors, firms bolster their market presence and play a pivotal role in shaping the trajectory of the power sports industry.

Power Sports Market Companies

Major companies operating in the power sports industry are:

BMW
BRP, Inc.
CFMOTO
Harley Davidson
Hisun Motors
Kawasaki Corporation
Piaggio Group
Polaris, Inc.
Suzuki Motor Corporation
Yamaha Motor Co., Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of power sports reached USD 37.8 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, attributed to the rising popularity of adventure sports activities and the shift towards eco-friendly electric powertrains.

The gasoline segment held over 68% revenue share 2032, driven by versatility and robust performance for attracting diverse enthusiasts with unmatched power and agility.

North America market accounted for 49% revenue share in 2023, owing to robust infrastructure, a flourishing economy, and the strong culture of recreational activities.

BMW, BRP, Inc., CFMOTO, Harley Davidson, Hisun Motors, Kawasaki Corporation, Piaggio Group, Polaris, Inc., Suzuki Motor Corporation and Yamaha Motor Co., Ltd.