Report : North America 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 North America Powersports Market during 2020–2028
According to a new market research study on “North America Powersports Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 16,164.40 million by 2028 from 13,046.99 US$ million in 2021. The market is estimated to grow at a CAGR of 3.1% from 2021 to 2028. The report provides trends prevailing in the North America powersports market along with the drivers and restraints pertaining to the market growth. Surge in all-terrain vehicle popularity and experience zones is the major factor driving the growth of the North America powersports market. However, issues associated with alteration of soil structure and adverse Impact on vegetation hinders the growth of North America powersports market.
North America powersports market is segmented into type and country. Based on type, the North America powersports 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 North America powersports market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
American Honda Motor Company, Inc.; American Landmaster; ARCTIC CAT; BRP; Hisun Motors Corp., USA; Kawasaki Motors Corp; Polaris Inc.; Suzuki Motor USA; Volcon ePowersports; and Yamaha Motor Corporation are among the leading companies in the North America 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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