Global Power Sports Market Report, History and Forecast 2018-2029, Breakdown Data by Companies, Key Regions, Types and Application
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This report aims to provide a comprehensive presentation of the global market for Power Sports, with and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Sports.
The Power Sports market size considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Power Sports market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Power Sports manufacturers, new entrants, and industry chain related companies in this market with information for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
The power sports market is expected to reach usd 50.85 billion by 2030, which is usd 31.43 billion in 2022, at a cagr of 6.20% during the forecast period.
Competitive Landscape Analysis:
The main players in the Power Sports market include Hero Electric (India), Vmoto Limited (Australia), The Electrotherm Group, Inc. (India), Jiangsu Xinri E-Vehicle Co.,Ltd. (China), and Energica Motor Company (Italy). The share of the top 3 players in the Power Sports market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for xx%, Europe accounted for xx% of Power Sports market, and Asia Pacific accounted for xx%.
Segmental Analysis
The report segments the market by Type and Application. Gasoline accounted for xx% of Power Sports market in 2022. Electric share of xx%.
On-Road accounted for xx% of the Power Sports market in 2022. Off-Road accounts for xx%.
In recent years, a series of factors are affecting the development of the automotive industry.
Electric Vehicles (EVs): The shift towards electric vehicles has gained significant momentum in recent years. Automakers are investing heavily in EV development and expanding their electric vehicle lineups. This trend is driven by factors such as government regulations to reduce emissions, improvements in battery technology, and increasing consumer interest in eco-friendly transportation options.
Autonomous Driving: Autonomous driving technology has advanced rapidly, with the development of sophisticated sensors, machine learning algorithms, and connectivity systems. Automakers and tech companies are investing in autonomous driving research and development, aiming to achieve higher levels of vehicle automation. This trend holds the promise of safer and more efficient transportation, as well as new business models like autonomous ride-hailing services.
Shared Mobility: The concept of shared mobility has gained popularity, particularly in urban areas. Services like ride-hailing, car-sharing, and car subscription models have experienced significant growth. These services offer convenience, cost savings, and reduced traffic congestion by optimizing vehicle utilization. Automakers are responding by entering partnerships or launching their own shared mobility platforms.
Segmental Analysis
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
South America
Brazil
Argentina
Colombia
MEA
Saudi Arabia
Egypt
Nigeria
Some of the Top Market Players Covered Are:
Hero Electric (India)
Vmoto Limited (Australia)
The Electrotherm Group, Inc. (India)
Jiangsu Xinri E-Vehicle Co.,Ltd. (China)
Energica Motor Company (Italy)
Piaggio & C. SpA (Italy)
Niu International. (U.S.)
Mahindra & Mahindra Ltd (India)
H-D, AIMA TECHNOLOGY CO.,LTD (China)
Avan Motors India (India)
Cezeta (Czech Republic)
Dongguan Tailing Electric Vehicle Co., Ltd (China)
GOVECS AG (Germany)
Gogoro Inc. (Taiwan)
Johammer e-mobility GmbH (Austria)
Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China)
Zero Motorcycles, Inc. (U.S.)
Okinawa Autotech Pvt. Ltd (India)
Shandong Incalcu Electric Vehicle Co.,Ltd (China)
Emflux Motors (India)
Market outlook by product/service type:
Gasoline
Electric
Diesel
Market outlook by Application :
On-Road
Off-Road
Table of Content
1 Power Sports Market Overview
1.1 Power Sports Product Description
1.2 Power Sports Market Segment by Type
1.3 Global Power Sports Market Size by Type
1.3.1 Global Power Sports Market Size Overview by Type
1.3.2 Global Power Sports Historic Market Size Review by Type
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Power Sports Sales Breakdown by Type
1.4.2 Europe Power Sports Sales Breakdown by Type
1.4.3 Asia-Pacific Power Sports Sales Breakdown by Type
1.4.4 Latin America Power Sports Sales Breakdown by Type
1.4.5 Middle East and Africa Power Sports Sales Breakdown by Type
2 Global Power Sports by Application
2.1 Power Sports Market Segment by Application
2.2 Global Power Sports Market Size by Application
2.2.1 Global Power Sports Market Size Overview by Application
2.2.2 Global Power Sports Historic Market Size Review by Application
2.3 Key Regions Market Size Segment by Application
2.3.1 North America Power Sports Sales Breakdown by Application
2.3.2 Europe Power Sports Sales Breakdown by Application
2.3.3 Asia-Pacific Power Sports Sales Breakdown by Application
2.3.4 Latin America Power Sports Sales Breakdown by Application
2.3.5 Middle East and Africa Power Sports Sales Breakdown by Application
3 Power Sports Status and Outlook by Region
3.1 Global Power Sports Market Size and CAGR by Region: 2018 VS 2023 VS 2029
3.2 Global Power Sports Historic Market Size by Region
3.2.1 Global Power Sports Sales in Volume by Region
3.2.2 Global Power Sports Sales in Value by Region
3.2.3 Global Power Sports Sales Price and Gross Margin
3.3 Global Power Sports Forecasted Market Size by Region
3.3.1 Global Power Sports Sales in Volume by Region
3.3.2 Global Power Sports Sales in Value by Region
3.3.3 Global Power Sports Sales Price and Gross Margin
4 Global Power Sports Market Competition by Company
4.1 Global Top Players by Power Sports Sales
4.2 Global Top Players by Power Sports Revenue
4.3 Global Top Players Power Sports Price
4.4 Global Top Manufacturers Power Sports Manufacturing Base Distribution, Sales Area, Product Type
4.5 Power Sports Market Competitive Situation and Trends
4.5.1 Power Sports Market Concentration Rate
4.5.2 Global 3 and 6 Largest Manufacturers by Power Sports Sales and Revenue in 2022
4.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Power Sports as of 2022)
4.7 Date of Key Manufacturers Enter into Power Sports Market
4.8 Key Manufacturers Power Sports Product Offered
4.9 Mergers & Acquisitions, Expansion
5 North America Power Sports by Country
5.1 North America Power Sports Historic Market Size by Country
5.1.1 North America Power Sports Sales in Volume by Country
5.1.2 North America Power Sports Sales in Value by Country
5.2 North America Power Sports Forecasted Market Size by Country
5.2.1 North America Power Sports Sales in Volume by Country
5.2.2 North America Power Sports Sales in Value by Country
6 Europe Power Sports by Country
6.1 Europe Power Sports Historic Market Size by Country
6.1.1 Europe Power Sports Sales in Volume by Country
6.1.2 Europe Power Sports Sales in Value by Country
6.2 Europe Power Sports Forecasted Market Size by Country
6.2.1 Europe Power Sports Sales in Volume by Country
6.2.2 Europe Power Sports Sales in Value by Country
7 Asia-Pacific Power Sports by Country
7.1 Asia-Pacific Power Sports Historic Market Size by Country
7.1.1 Asia-Pacific Power Sports Sales in Volume by Country
7.1.2 Asia-Pacific Power Sports Sales in Value by Country
7.2 Asia-Pacific Power Sports Forecasted Market Size by Country
7.2.1 Asia-Pacific Power Sports Sales in Volume by Country
7.2.2 Asia-Pacific Power Sports Sales in Value by Country
8 Latin America Power Sports by Country
8.1 Latin America Power Sports Historic Market Size by Country
8.1.1 Latin America Power Sports Sales in Volume by Country
8.1.2 Latin America Power Sports Sales in Value by Country
8.2 Latin America Power Sports Forecasted Market Size by Country
8.2.1 8.2.1 Latin America Power Sports Sales in Volume by Country
8.2.2 8.2.2 Latin America Power Sports Sales in Value by Country
9 Middle East and Africa Power Sports by Country
9.1 Middle East and Africa Power Sports Historic Market Size by Country
9.1.1 Middle East and Africa Power Sports Sales in Volume by Country
9.1.2 Middle East and Africa Power Sports Sales in Value by Country
9.2 Middle East and Africa Power Sports Forecasted Market Size by Country
9.2.1 Middle East and Africa Power Sports Sales in Volume by Country
9.2.2 Middle East and Africa Power Sports Sales in Value by Country
10 Manufacturers Profiles
10.1 Hero Electric (India)
10.1.1 Hero Electric (India) Information
10.1.2 Business Overview
10.1.3 Hero Electric (India) Power Sports Sales, Price, Revenue, Gross Margin
10.1.4 Power Sports Products Offered
10.1.5 Hero Electric (India) Recent Development
10.2 Vmoto Limited (Australia)
10.2.1 Vmoto Limited (Australia) Information
10.2.2 Business Overview
10.2.3 Vmoto Limited (Australia) Power Sports Sales, Price, Revenue, Gross Margin
10.2.4 Power Sports Products Offered
10.2.5 Vmoto Limited (Australia) Recent Development
10.3 The Electrotherm Group, Inc. (India)
10.3.1 The Electrotherm Group, Inc. (India) Information
10.3.2 Business Overview
10.3.3 The Electrotherm Group, Inc. (India) Power Sports Sales, Price, Revenue, Gross Margin
10.3.4 Power Sports Products Offered
10.3.5 The Electrotherm Group, Inc. (India) Recent Development
10.4 Jiangsu Xinri E-Vehicle Co.,Ltd. (China)
10.4.1 Jiangsu Xinri E-Vehicle Co.,Ltd. (China) Information
10.4.2 Business Overview
10.4.3 Jiangsu Xinri E-Vehicle Co.,Ltd. (China) Power Sports Sales, Price, Revenue, Gross Margin
10.4.4 Power Sports Products Offered
10.4.5 Jiangsu Xinri E-Vehicle Co.,Ltd. (China) Recent Development
10.5 Energica Motor Company (Italy)
10.5.1 Energica Motor Company (Italy) Information
10.5.2 Business Overview
10.5.3 Energica Motor Company (Italy) Power Sports Sales, Price, Revenue, Gross Margin
10.5.4 Power Sports Products Offered
10.5.5 Energica Motor Company (Italy) Recent Development
10.6 Piaggio & C. SpA (Italy)
10.6.1 Piaggio & C. SpA (Italy) Information
10.6.2 Business Overview
10.6.3 Piaggio & C. SpA (Italy) Power Sports Sales, Price, Revenue, Gross Margin
10.6.4 Power Sports Products Offered
10.6.5 Piaggio & C. SpA (Italy) Recent Development
10.7 Niu International. (U.S.)
10.7.1 Niu International. (U.S.) Information
10.7.2 Business Overview
10.7.3 Niu International. (U.S.) Power Sports Sales, Price, Revenue, Gross Margin
10.7.4 Power Sports Products Offered
10.7.5 Niu International. (U.S.) Recent Development
10.8 Mahindra & Mahindra Ltd (India)
10.8.1 Mahindra & Mahindra Ltd (India) Information
10.8.2 Business Overview
10.8.3 Mahindra & Mahindra Ltd (India) Power Sports Sales, Price, Revenue, Gross Margin
10.8.4 Power Sports Products Offered
10.8.5 Mahindra & Mahindra Ltd (India) Recent Development
10.9 H-D, AIMA TECHNOLOGY CO.,LTD (China)
10.9.1 H-D, AIMA TECHNOLOGY CO.,LTD (China) Information
10.9.2 Business Overview
10.9.3 H-D, AIMA TECHNOLOGY CO.,LTD (China) Power Sports Sales, Price, Revenue, Gross Margin
10.9.4 Power Sports Products Offered
10.9.5 H-D, AIMA TECHNOLOGY CO.,LTD (China) Recent Development
10.10 Avan Motors India (India)
10.10.1 Avan Motors India (India) Information
10.10.2 Business Overview
10.10.3 Avan Motors India (India) Power Sports Sales, Price, Revenue, Gross Margin
10.10.4 Power Sports Products Offered
10.10.5 Avan Motors India (India) Recent Development
10.11 Cezeta (Czech Republic)
10.11.1 Cezeta (Czech Republic) Information
10.11.2 Business Overview
10.11.3 Cezeta (Czech Republic) Power Sports Sales, Price, Revenue, Gross Margin
10.11.4 Power Sports Products Offered
10.11.5 Cezeta (Czech Republic) Recent Development
10.12 Dongguan Tailing Electric Vehicle Co., Ltd (China)
10.12.1 Dongguan Tailing Electric Vehicle Co., Ltd (China) Information
10.12.2 Business Overview
10.12.3 Dongguan Tailing Electric Vehicle Co., Ltd (China) Power Sports Sales, Price, Revenue, Gross Margin
10.12.4 Power Sports Products Offered
10.12.5 Dongguan Tailing Electric Vehicle Co., Ltd (China) Recent Development
10.13 GOVECS AG (Germany)
10.13.1 GOVECS AG (Germany) Information
10.13.2 Business Overview
10.13.3 GOVECS AG (Germany) Power Sports Sales, Price, Revenue, Gross Margin
10.13.4 Power Sports Products Offered
10.13.5 GOVECS AG (Germany) Recent Development
10.14 Gogoro Inc. (Taiwan)
10.14.1 Gogoro Inc. (Taiwan) Information
10.14.2 Business Overview
10.14.3 Gogoro Inc. (Taiwan) Power Sports Sales, Price, Revenue, Gross Margin
10.14.4 Power Sports Products Offered
10.14.5 Gogoro Inc. (Taiwan) Recent Development
10.15 Johammer e-mobility GmbH (Austria)
10.15.1 Johammer e-mobility GmbH (Austria) Information
10.15.2 Business Overview
10.15.3 Johammer e-mobility GmbH (Austria) Power Sports Sales, Price, Revenue, Gross Margin
10.15.4 Power Sports Products Offered
10.15.5 Johammer e-mobility GmbH (Austria) Recent Development
10.16 Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China)
10.16.1 Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China) Information
10.16.2 Business Overview
10.16.3 Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China) Power Sports Sales, Price, Revenue, Gross Margin
10.16.4 Power Sports Products Offered
10.16.5 Zhejiang Luyuan Electric Vehicle Co.,Ltd. (China) Recent Development
10.17 Zero Motorcycles, Inc. (U.S.)
10.17.1 Zero Motorcycles, Inc. (U.S.) Information
10.17.2 Business Overview
10.17.3 Zero Motorcycles, Inc. (U.S.) Power Sports Sales, Price, Revenue, Gross Margin
10.17.4 Power Sports Products Offered
10.17.5 Zero Motorcycles, Inc. (U.S.) Recent Development
10.18 Okinawa Autotech Pvt. Ltd (India)
10.18.1 Okinawa Autotech Pvt. Ltd (India) Information
10.18.2 Business Overview
10.18.3 Okinawa Autotech Pvt. Ltd (India) Power Sports Sales, Price, Revenue, Gross Margin
10.18.4 Power Sports Products Offered
10.18.5 Okinawa Autotech Pvt. Ltd (India) Recent Development
10.19 Shandong Incalcu Electric Vehicle Co.,Ltd (China)
10.19.1 Shandong Incalcu Electric Vehicle Co.,Ltd (China) Information
10.19.2 Business Overview
10.19.3 Shandong Incalcu Electric Vehicle Co.,Ltd (China) Power Sports Sales, Price, Revenue, Gross Margin
10.19.4 Power Sports Products Offered
10.19.5 Shandong Incalcu Electric Vehicle Co.,Ltd (China) Recent Development
10.20 Emflux Motors (India)
10.20.1 Emflux Motors (India) Information
10.20.2 Business Overview
10.20.3 Emflux Motors (India) Power Sports Sales, Price, Revenue, Gross Margin
10.20.4 Power Sports Products Offered
10.20.5 Emflux Motors (India) Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Power Sports Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Power Sports Industrial Chain Analysis
11.4 Power Sports Market Dynamics
11.4.1 Power Sports Industry Trends
11.4.2 Power Sports Growth Drivers
11.4.3 Power Sports Market Challenges
11.4.4 Power Sports Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Power Sports Distributors
12.3 Power Sports Downstream Customers
13 Research Findings and Conclusion
14 Methodology and Data Source
14.1 A Methodology
14.1.1 Research Process
14.1.2 Market Size Estimation
14.1.3 Market Breakdown and Data Triangulation
14.2 B Data Source
14.2.1 Legal Disclaimer
Research Methodology:
Power Sports Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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