The Asia Pacific Power Sports Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 46.7 Quintal, showcasing a growth of 2% (2019-2022).
The China market dominated the Asia Pacific Power Sports Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,164.7 million by 2030. The Japan market is registering a CAGR of 7.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.5% during (2023 - 2030).
Snowmobiles are indispensable vehicles for winter enthusiasts seeking to explore snowy landscapes, access remote areas, and enjoy recreational activities such as snowmobiling, ice fishing, and backcountry skiing. With their powerful engines and rugged construction, snowmobiles provide unmatched performance and agility in snow-covered terrain. In addition, ATVs and UTVs are essential tools for farmers, ranchers, and agricultural workers, facilitating tasks such as herding livestock, transporting equipment and supplies, and maintaining rural properties. These vehicles offer versatility, reliability, and off-road capabilities, allowing operators to navigate challenging terrain and maximize productivity.
Additionally, specialized off-road vehicles such as tracked ATVs and side-by-side utility vehicles are used in forestry and land management operations to conduct surveys, monitor wildlife, and perform timber harvesting activities. These vehicles provide access to remote forested areas and rugged terrain, enabling workers to perform essential conservation and management tasks. Likewise, search and rescue teams and emergency responders utilize ATVs, UTVs, and off-road motorcycles to access remote or inaccessible areas during rescue missions, natural disasters, and wilderness emergencies. These vehicles provide mobility, agility, and off-road capabilities to navigate challenging terrain and conduct search and rescue operations effectively.
With the rise in outdoor recreation in China, there may be an increased demand for rental services and tour packages, including sports activities. Tour operators and adventure companies can capitalize on this trend by offering experiences tailored to outdoor enthusiasts. Furthermore, tourism in Australia boosts supporting services for the market, including maintenance and repair facilities, accessories and gear retailers, and training programs for tourists interested in participating in sports activities safely. According to the Australian Bureau of Statistics, there were 103,500 overseas trips estimated in June 2021. In January 2024, short-term visitor arrivals reached 603,770, reflecting a yearly increase of 191,360 trips, while total arrivals for the same period amounted to 2,122,070, showing an annual rise of 514,060 trips. Hence, rising outdoor activities and increasing regional tourism propel the market’s growth.
Free Valuable Insights: The Global Power Sports Market is Predict to reach USD 49.8 Billion by 2030, at a CAGR of 7.0%
Based on Application, the market is segmented into Off-Road, and On-Road. Based on Propulsion, the market is segmented into Gasoline, Electric, and Diesel. Based on Vehicle Type, the market is segmented into All-terrain Vehicles, Side By Side Vehicles, Personal Watercrafts, Heavy Weight Motorcycles, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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