Powersports Market Size, Share, Growth Analysis, By Vehicle type(All-terrain Vehicles (ATV), Side-by-side Vehicles, Personal Watercraft, Snowmobiles), By Application(On-road, Off-road), By Model(Multi Personal, Sit Down), By Region - Industry Forecast 2024-2031

Key players are focusing on using cutting-edge technologies to continuously expand their product offerings. To address the demand for tailored offerings that are relevant to the industry, they are increasing their product lines. For instance, In March 2021 – RumbleOn Inc. agreed to acquire RideNow, the largest power sports dealer in North America. The acquisition is valued at US$ 5.4 billion and will integrate RumbleOn’s technology with RideNow’s extensive footprint and retail brand.

Top Players in the Global Powersports Market

• Polaris Inc.
• Honda Motor Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• Yamaha Motor Co. Ltd.
• BRP Inc.
• Arctic Cat Inc.
• KTM AG
• Ducati Motor Holding S.p.A.
• Suzuki Motor Corporation
• Triumph Motorcycles Ltd.
• Harley-Davidson Inc.
• Piaggio & C. SpA
• Bombardier Recreational Products Inc.
• Textron Inc.
• CFMoto Powersports Inc.
• Bajaj Auto Ltd.
• Hero MotoCorp Ltd.
• TVS Motor Company Ltd.
• Mahindra Two Wheelers Ltd.
• Royal Enfield (India)

Powersports Market Recent Development

• In March 2022, BRP launched electric 2-wheel motorcycles amid the 50th anniversary of the Can-Am brand. The Can-Am brand is back to its motorcycle roots with the complete electric-based product line. With electric motorcycles, there comes a great opportunity to flourish in the motorcycles market.
• In March 2021, American Landmaster launched a lithium-powered side-by-side called the Landmaster EV. American Landmaster partnered with the industry's two best leaders in lithium technology and AC motors.