Europe Powersports Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (All-Terrain Vehicles, Side-by-Side, and Motorcycles)

The powersports market in Europe is expected to grow from US$ 11,516.11 million in 2021 to US$ 15,774.75 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

The flourishing market of utility-terrain vehicles (UTVs) is one of the main factors contributing to the powersports market growth in Europe. Moreover, technological advancements have contributed to the improved durability and adaptability to off-road vehicles, thereby ensuring greater enjoyment for ATV and UTV riders. For example, Honda has developed its off-road advancements throughout the years, the most current of which is I-4WD. The 1-4WD system monitors the left and right front wheel speeds and applies brakes to the spinning wheel while increasing driving force to the wheel with higher traction. As a consequence, riders can climb up, over, and through harder barriers. As I-4WD is always ready, riders don’t have to stop to initiate it. Honda's Hill Start Assist is also compatible with I-4WD. Further, Polaris launched an independent rear suspension (IRS) on its flagship Sportsman model, along with its first 4-stroke ATV powertrain. The Sportsman 500 IRS was a full-size ATV with a long-route IRS that revolutionized ATV riding and increased its ability to traverse deep muck. Furthermore, Polaris dubbed its 4×4 technology named "Demand Drive," which automatically locks the front different when the terrain demands severe 4-wheel traction. The electrically charged system then automatically reverts to differential 4×4 when the traction is restored. Continuous advancements in ATVs and UTVs provide a lucrative opportunity for the growth of powersports market players.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe powersports market at a notable CAGR during the forecast period.

Europe Powersports Market Revenue and Forecast to 2028 (US$ Million)

Europe Powersports Market Segmentation  

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.

1. American Honda Motor Company, Inc.
2. BRP                  
3. Kawasaki Motors Corp             
4. Polaris Inc.    
5. Suzuki Motor USA     
6. Yamaha Motor Corporation 

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