The Power Sports Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Power Sports Market?
The size of the power sports market has seen significant growth recently. The market value is expected to increase from $35.24 billion in 2024 to $37.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Power Sports Industry?
The Power Sports Global Market is projected to reach a market size of $50.1 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.5%.
Download Your Free Sample of the 2025 Power Sports Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Power Sports Market?
The key drivers in the power sports market are:
• Customization of power sports vehicles to suit individual needs
• Increase in environmentally friendly and electric vehicle options
• Growth in electric motorcycle and e-bike sector
• Technological innovation in autonomous and smart vehicles along with their increased use in urban mobility solutions.
Global Market Segmentation: Identifying Major Power Sports Industry Segments
The power sports market covered in this report is segmented –
1) By Vehicle Type: All-Terrain Vehicle, Side-By-Side Vehicle, Personal Watercraft, Snowmobiles, Heavyweight Motorcycle
2) By Model: Multi Personal, Sit Down, Stand Up
3) By Application: On-Road, Off-Road
Pre-order the 2025 Power Sports Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Power Sports Market?
The key trends in the fitness equipment market are:
• Expansion of electric and eco-friendly power sports options is an emerging market trend.
• Innovations in autonomous and smart power sports vehicles are shaping the market's future.
• Regulatory compliance in power sports safety is becoming increasingly important.
• The market is seeing an upsurge in rental and personalized power sports experiences.
Who Are the Top Competitors & Leading Players in the Power Sports Market?
Major companies in the power sports market are:
• Polaris Inc.
• Kawasaki Heavy Industries Motorcycle & Engine Company
• Yamaha Motor Co. Ltd.
• Honda Motor Company Ltd.
• Suzuki Motor Corporation
• Kubota Corporation
• Kymco
• Arctic Cat Inc.
• Bombardier Recreational Products Inc.
• Textron Inc.
• Ducati Motor Holding S.p.A.
• Triumph Motorcycles Ltd.
• Feishen Group
• Zero Motorcycles Inc.
• Hisun Motors Corp.
• American Honda Motor Co.
• KTM AG
• BMW Motorrad
• Piaggio & C. SpA
• CFMOTO Powersports Inc.
• Deere & Company
• Mahindra & Mahindra Ltd.
• Caterpillar Inc.
• J.C. Bamford Excavators Ltd.
• Komatsu Ltd.
• Atturo Tire Corporation
• Logan Powersports Group
• Sportech Inc.
• STR Motorsports
Regional Dominance: Which Area Leads the Global Power Sports Market?
North America was the largest region in the power sports market in 2024
