The global online powersports market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period (2022-2028). The increasing number of off-road and recreational activities across the globe is one of the prime factors affecting and driving the market for online powersports. There have been increasing trends of formula off-road racing programs such as Britpart MSA British Cross-Country Championship which is considered as one of the most extreme off-road racing where drivers compete through steep hills and terrains. Additionally, Europe’s leading 4×4 and off-road challenge racing series, and Comp Safari events in the UK by BCCC, are also creating significant scope for the growth of the market. For instance, in July 2021, the BCCC was organized by that’s Motorsport Ltd. in the country.
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To gain on the opportunity key players operating in the global online powersports market had been adopting strategies such as new launches to achieve major market share. For instance, in August 2021, Polaris Inc. had announced its offering for an all-new electric version of its Ranger off-roader. The new ranger would be offered in two versions that include XP Kinetic Premium which would be consisting a 14.9 KwH lithium ion battery along with a 45-mile range and the XP Kinetic Ultimate having a 29.8 KwH battery and an estimated range of 80 miles. For this purpose, the company had also done a partnership with Zero Motorcycles to leverage the customer with an advanced model.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Vehicle Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Honda Motor Co., Inc., Kawasaki Motors Corp., Polaris Inc., Textron Inc., and Yamaha Motor Co., Ltd
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Online PowerSports Market Report Segment
By Vehicle Type
- All-Terrain Vehicle
- Side -by- Side Vehicle
- Personal Watercraft
- Snowmobile
- Heavyweight Motorcycle
A full report of Online Powersports Market is available at: https://www.omrglobal.com/industry-reports/online-powersports-market
Online Powersports Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Bombardier Recreational Products Inc.
- Deere & Co.
- Dealer Spike, LLC
- Great Outdoor Powersports & Lawn
- Honda Motor Co., Inc.
- HARLEY-DAVIDSON
- Kawasaki Motors Corp.
- KIA Motors Corp.
- KYMCO
- Polaris Inc.
- RIDENOW POWERSPORTS
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