The Europe Power Sports Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Power Sports Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,454 million by 2030. The UK market is exhibiting a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.6% during (2023 - 2030).
The availability of financing options, lease programs, and affordable installment plans has made it easier for consumers to purchase sports vehicles and equipment without needing upfront cash payments. Sports vehicles are now more accessible and affordable for a wider variety of buyers due to financing alternatives provided by dealerships, manufacturers, and third-party lenders that let customers stretch out the cost of ownership over time.
Furthermore, motorcycles, particularly adventure and dual-sport bikes, are popular for adventure travel enthusiasts seeking to explore remote destinations, embark on long-distance tours, and experience the thrill of off-road riding. These versatile machines allow riders to tackle diverse terrain and conquer epic journeys. Personal watercraft (PWC), jet skis, and powerboats are essential for water sports enthusiasts and recreational boaters looking to enjoy water skiing, wakeboarding, tubing, and cruising on lakes, rivers, and coastal waters. These watercrafts offer exhilarating experiences and endless opportunities for aquatic fun and excitement.
As tourism grows, there could be an increase in the establishment of businesses catering specifically to tourists interested in sports activities. These businesses may offer guided tours, equipment rentals, training sessions, and other related services tailored to the needs of tourists. Also, governments and municipal authorities may engage in infrastructure development to promote sports activities due to the increase in tourism in Europe. This could include the construction of designated trails, tracks, or rental facilities and improvements to access roads and parking areas in popular tourist regions. Therefore, the growing tourism industry in Europe is propelling the market’s growth.
Free Valuable Insights: The Global Power Sports Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application
By Propulsion
By Vehicle Type
By Country
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