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

North America dominated the global powersports market and is expected to continue to dominate the global market over the forecast period. This can be attributed to the region's abundant leisure opportunities and the excellent local weather. Additionally, the existence of well-known competitors, like Polaris, Arctic Cat, and Yamaha Motor Corporation (all with US and Canadian headquarters, respectively), will encourage consumers to adopt the product. Due to the significant economic impact of power sports activities, state and federal governments in the US and Canada also offer major support (for example, surveying & building trails). Therefore, it is anticipated that these elements would strengthen this region's market supremacy.

Due to the expansion of recreational clubs and regional organizations that vigorously encourage off-road & recreational leisure activities, Europe is predicted to experience significant market growth.

The market is anticipated to increase significantly in Asia Pacific. This is because consumers are more aware of leisure options and have more disposable income. In this region, there is a higher demand in particular for side-by-sides and heavyweight motorcycles. As a result, these elements are fueling the market's expansion in the region.