North America Power Sports Market Size, Share & Trends Analysis Report By Application (Off-Road, and On-Road), By Propulsion (Gasoline, Electric, and Diesel), By Vehicle Type, By Country and Growth Forecast, 2023 - 2030

The North America Power Sports Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).

The US market dominated the North America Power Sports Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12,943.9 million by 2030. The Canada market is experiencing a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.8% during (2023 - 2030).

There has been a noticeable shift in consumer preferences towards outdoor recreation and adventure sports, fueled by a desire for thrill-seeking experiences, connection with nature, and exploration of new environments. As more individuals seek exciting outdoor activities and adventures, there is a corresponding increase in the adoption of sports vehicles that enable them to engage in off-road riding, water sports, snowmobiling, and other recreational pursuits.

Outdoor enthusiasts now have more options to enjoy recreational activities, including off-roading, trail riding, boating, and snowmobile, due to the growth of off-road trails, recreational parks, waterways, and snowmobile routes. The availability of designated riding areas and organized events, such as off-road rallies and motocross races, encourages individuals to invest in sports vehicles and equipment to participate in these activities.

The growth of off-roading-focused social media sites and online forums has increased interest in and awareness of Mexicans. Enthusiasts share their experiences, tips, and recommendations, inspiring others to join the adventure. They use platforms like Instagram, Facebook, and YouTube to share their off-roading adventures through photos, videos, and stories. According to the International Trade Administration (ITA), by the end of 2022, Mexico had 96.8 million Internet users, representing an annual increase of 9.3 percent. Therefore, the rising social media usage due to increasing internet penetration and growing trails in the region is propelling the market’s growth.

Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Yamaha Motor Co., Ltd.
• Zhejiang CFMoto Power Co., Ltd.
• Bombardier Recreational Products (BRP) Inc.
• Kawasaki Heavy Industries, Ltd.
• Textron, Inc.
• Polaris, Inc.
• Suzuki Motor Corporation
• Honda Motor Co. Ltd.
• KTM AG (PIERER Mobility AG)
• Volkswagen AG

North America Power Sports Market Report Segmentation

By Application

• Off-Road
• On-Road

By Propulsion

• Gasoline
• Electric
• Diesel

By Vehicle Type

• All-terrain Vehicles
• Side By Side Vehicles
• Personal Watercrafts
• Heavy Weight Motorcycles
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Power Sports Market, by Application
1.4.2 North America Power Sports Market, by Propulsion
1.4.3 North America Power Sports Market, by Vehicle Type
1.4.4 North America Power Sports Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2022, Jan – 2024, Feb) Leading Players
4.4 Porter’s Five Forces Analysis

Chapter 5. North America Power Sports Market by Application
5.1 North America Off-Road Market by Country
5.2 North America On-Road Market by Country

Chapter 6. North America Power Sports Market by Propulsion
6.1 North America Gasoline Market by Country
6.2 North America Electric Market by Country
6.3 North America Diesel Market by Country

Chapter 7. North America Power Sports Market by Vehicle Type
7.1 North America All-terrain Vehicles Market by Country
7.2 North America Side By Side Vehicles Market by Country
7.3 North America Personal Watercrafts Market by Country
7.4 North America Heavy Weight Motorcycles Market by Country
7.5 North America Others Market by Country

Chapter 8. North America Power Sports Market by Country
8.1 US Power Sports Market
8.1.1 US Power Sports Market by Application
8.1.2 US Power Sports Market by Propulsion
8.1.3 US Power Sports Market by Vehicle Type
8.2 Canada Power Sports Market
8.2.1 Canada Power Sports Market by Application
8.2.2 Canada Power Sports Market by Propulsion
8.2.3 Canada Power Sports Market by Vehicle Type
8.3 Mexico Power Sports Market
8.3.1 Mexico Power Sports Market by Application
8.3.2 Mexico Power Sports Market by Propulsion
8.3.3 Mexico Power Sports Market by Vehicle Type
8.4 Rest of North America Power Sports Market
8.4.1 Rest of North America Power Sports Market by Application
8.4.2 Rest of North America Power Sports Market by Propulsion
8.4.3 Rest of North America Power Sports Market by Vehicle Type

Chapter 9. Company Profiles
9.1 Yamaha Motor Co., Ltd.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Zhejiang CFMoto Power Co., Ltd.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.2.2.3 Acquisition and Mergers:
9.2.3 SWOT Analysis
9.3 Bombardier Recreational Products (BRP) Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Product Launches and Product Expansions:
9.3.4.2 Acquisition and Mergers:
9.3.5 SWOT Analysis
9.4 Kawasaki Heavy Industries, Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Textron, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Polaris, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Suzuki Motor Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Honda Motor Co. Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 KTM AG (PIERER Mobility AG)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Volkswagen AG
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

TABLE 1 North America Power Sports Market, 2019 - 2022, USD Million
TABLE 2 North America Power Sports Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Power Sports Market
TABLE 4 Product Launches And Product Expansions– Power Sports Market
TABLE 5 Acquisition and Mergers– Power Sports Market
TABLE 6 North America Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 7 North America Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 8 North America Off-Road Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Off-Road Market by Country, 2023 - 2030, USD Million
TABLE 10 North America On-Road Market by Country, 2019 - 2022, USD Million
TABLE 11 North America On-Road Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 13 North America Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 14 North America Gasoline Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Gasoline Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Electric Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Electric Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Diesel Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Diesel Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 21 North America Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 22 North America All-terrain Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 23 North America All-terrain Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Side By Side Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Side By Side Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Personal Watercrafts Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Personal Watercrafts Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Heavy Weight Motorcycles Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Heavy Weight Motorcycles Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Power Sports Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Power Sports Market by Country, 2023 - 2030, USD Million
TABLE 34 US Power Sports Market, 2019 - 2022, USD Million
TABLE 35 US Power Sports Market, 2023 - 2030, USD Million
TABLE 36 US Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 37 US Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 38 US Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 39 US Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 40 US Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 41 US Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 42 Canada Power Sports Market, 2019 - 2022, USD Million
TABLE 43 Canada Power Sports Market, 2023 - 2030, USD Million
TABLE 44 Canada Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 45 Canada Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 46 Canada Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 47 Canada Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 48 Canada Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 49 Canada Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 50 Mexico Power Sports Market, 2019 - 2022, USD Million
TABLE 51 Mexico Power Sports Market, 2023 - 2030, USD Million
TABLE 52 Mexico Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 53 Mexico Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 54 Mexico Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 55 Mexico Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 56 Mexico Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 57 Mexico Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 58 Rest of North America Power Sports Market, 2019 - 2022, USD Million
TABLE 59 Rest of North America Power Sports Market, 2023 - 2030, USD Million
TABLE 60 Rest of North America Power Sports Market by Application, 2019 - 2022, USD Million
TABLE 61 Rest of North America Power Sports Market by Application, 2023 - 2030, USD Million
TABLE 62 Rest of North America Power Sports Market by Propulsion, 2019 - 2022, USD Million
TABLE 63 Rest of North America Power Sports Market by Propulsion, 2023 - 2030, USD Million
TABLE 64 Rest of North America Power Sports Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 65 Rest of North America Power Sports Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 66 Key Information – Yamaha Motor Co., Ltd.
TABLE 67 Key information – Zhejiang CFMoto Power Co., Ltd.
TABLE 68 Key Information – Bombardier recreational products (brp) inc.
TABLE 69 Key Information – Kawasaki Heavy Industries, Ltd.
TABLE 70 Key Information – Textron, Inc.
TABLE 71 Key information – Polaris, Inc.
TABLE 72 Key information – Suzuki Motor Corporation
TABLE 73 key Information – Honda Motor Co. Ltd.
TABLE 74 Key Information – KTM AG
TABLE 75 key Information – Volkswagen AG

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Power Sports Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Power Sports Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Product Launches and Product Expansions: 2022, Jan – 2024, Feb) Leading Players
FIG 7 Porter’s Five Forces Analysis – Power Sports Market
FIG 8 North America Power Sports Market share by Application, 2022
FIG 9 North America Power Sports Market share by Application, 2030
FIG 10 North America Power Sports Market by Application, 2019 - 2030, USD Million
FIG 11 North America Power Sports Market share by Propulsion, 2022
FIG 12 North America Power Sports Market share by Propulsion, 2030
FIG 13 North America Power Sports Market by Propulsion, 2019 - 2030, USD Million
FIG 14 North America Power Sports Market share by Vehicle Type, 2022
FIG 15 North America Power Sports Market share by Vehicle Type, 2030
FIG 16 North America Power Sports Market by Vehicle Type, 2019 - 2030, USD Million
FIG 17 North America Power Sports Market share by Country, 2022
FIG 18 North America Power Sports Market share by Country, 2030
FIG 19 North America Power Sports Market by Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Yamaha Motor Co., Ltd.
FIG 21 Recent strategies and developments: Zhejiang CFMoto Power Co., Ltd.
FIG 22 SWOT Analysis: Zhejiang CFMoto Power Co., Ltd.
FIG 23 SWOT Analysis: Bombardier Recreational Products (BRP) Inc.
FIG 24 SWOT Analysis: Kawasaki Heavy Industries, Ltd.
FIG 25 SWOT Analysis: Textron, Inc.
FIG 26 SWOT Analysis: Polaris, Inc.
FIG 27 SWOT Analysis: Suzuki Motor Corporation
FIG 28 SWOT Analysis: Honda Motor Co. Ltd.
FIG 29 SWOT Analysis: KTM AG
FIG 30 SWOT Analysis: Volkswagen AG