Report : Europe Powersports Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (All-Terrain Vehicles, Side-by-Side, and Motorcycles)
Motorcycles Segment to Dominate Europe Powersports Market during 2020–2028
According to a new market research study on “Europe Powersports Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 15,774.75 million by 2028 from 11,516.11 US$ million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the Europe powersports market along with the drivers and restraints pertaining to the market growth. New innovations in powersports market is the major factor driving the growth of the Europe power sports market. However, issues associated with alteration of soil structure and adverse Impact on vegetation hinders the growth of Europe powersports market.
The Europe powersports market is segmented into type and country. Based on type, the market is segmented into all-terrain vehicles, side-by-side, and motorcycles. The motorcycles segment led the market with the largest share in 2020. Based on country, the Europe powersports market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.
American Honda Motor Company, Inc.; BRP; Kawasaki Motors Corp; Polaris Inc.; Suzuki Motor USA; and Yamaha Motor Corporation are among the leading companies in the Europe powersports market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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