Athletics Market Research Report: Information by Type (ATVs, Side by Side, Snowmobiles, Watercraft and Heavy Motorcycles), By Application (Off-road, Off-Road, Snow), By Model (Sitted and Stand-up) – Forecast to Year 2030
The marine sports market is expected to be worth US$30.35 billion by 2030, registering a compound annual growth rate of 6.65% during the forecast period (2022-2030). The market value was $24,205,708.9 thousand in 2025.
Modern motorcycles, ATVs, snowmobiles, and updated PWCs are known as power sports vehicles. The expansion of the global market is associated with the increased use of Powersports in various adventure tourism, the expansion of different ATV experience areas, and the numerous adoptions of green products, and the rapid development of the electric sports brand by manufacturers is expected to drive global market growth. However, various government regulations, major demand for greener vehicles, and increased customer awareness have forced primary dealers to promote greener Powersports products.
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December 2020 – Volcon’s CEO will soon introduce electric off-road vehicles at Liberty Hill. Their new plant will have the capacity to produce about 9,000 cars per year.
December 2020 – Sports fanatic, Dave Sears, has introduced his latest website with the goal of inspiring people to enter the fast-paced and exciting world of strength sports. He is proficient in all things power sports. This website has been designed keeping in mind the many benefits of participating in strength sports.
The main players
Yamaha Motor Co., Ltd.
Honda Motor Co., Ltd.
Polaris Industries Inc.
The effects of Covid 19 disease and its effects
According to Powersports market trends, COVID 19 has affected the global market. The COVID-19 virus has saddened 215 countries. To combat the negative effects, countries are leading the lockdowns that have negatively affected the market. The pandemic has had an impact on this part of the market. Due to the outbreak of COVID-19, companies have changed their annual budgets and preferences to beat this pandemic. Also, companies around the world are heavily funded to continue their operations. Governments are distributing financial packages to help businesses during this pandemic, with a particular focus on small and medium businesses. The COVID-19 pandemic has also boosted adoption across industry sectors as users move to take advantage of benefits, such as scalability and lower cost. Despite the global economic slowdown, about 50% of subscription companies are expanding at a similar pace without any negative impact due to the COVID-19 pandemic.
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value chain analysis
The various segmental analysis of this market has been studied and differentiated based on application and type. The global water sports market is segmented on the basis of type and country. On the basis of type, the global two-wheeled vehicle market has been segmented into adventure, cruiser, sport, standard and modern touring. The Standard and Standard segment is expected to show significant growth during the estimated period. Regular motorcycles are often called naked motorcycles and have been on the market for decades. The Regular and Standard bike is the latest evolution of world class Japanese motorcycles and traditional British classic bikes. These amazing bikes combine in an upright seated position with standard handlebars and basic footrests that can be kept a recreational distance away from the rider.
By sales channel
Companies are creating new roads, and this Powersports concept is gaining momentum. Operations are now dynamic, so the concept is evolving every day. To meet the normal supply chain and global technology service standards, global companies have come to an agreement to grow together. Organizations that are active in making Powersports vehicles are launching an advanced sanctions solution that can proactively charge jobs and advance careers.
The main stakeholders are the suppliers and regular traders in the industry, local government agencies, various partners and industry bodies, investors and trade experts. The product is gaining momentum. It has exceptional properties. This makes it more popular.
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Market overview highlights global recognition
Analysis based on COVID 19
Explanation of market dynamics
value chain analysis
Market Segmentation Overview
Competitive Landscape Analysis
Main market drivers
Various government regulations
The requirement for environmentally friendly vehicles
Increased consumer awareness forced makers
The main drivers of the market
The market value of water sports is driven by the rapid acceptance of green products, and the further development of power sports electrification products by major manufacturers. Various government regulations, requirements for environmentally friendly vehicles, and increased consumer awareness have forced manufacturers to create greener Powersports products.
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According to a global scenario, forecasts, the marine sports industry is divided into four main regions such as North America, Asia Pacific, Europe and the rest of the world. Among all the countries, North America has a prominent position in the market. The United States is the leader in the region, followed by the Asia Pacific region, which is registering significant growth. Other countries are China, Taiwan, Republic of Korea and Japan which give importance to the market because government agencies are constantly showing momentum.
Rest of Europe
Rest of Asia and the Pacific
Rest of the Middle East and Africa
Rest of Latin America
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COMTEX_401050987 / 2773 / 2022-01-23 T00: 01: 20