South America 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 SAM is expected to grow from US$ 6,048.93 million in 2021 to US$ 7,666.68 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028.
SAM has the presence of major automakers, including General Motors, Volkswagen, Hyundai, Ford, Toyota, Peugeot, and Renault. Further, national regulatory bodies in various countries in the region capitalize on the development of the automotive industry. For instance, Brazil announced Route 2030, a scheme of tax credits worth billions of dollars for auto and auto-parts manufacturers in the country in 2017, to assist the industry struggling to grow sustainably after the country’s recovery from recession in 2017. The Route 2030 offered US$ 535 million in tax incentives in 2019 to eligible manufacturers, and it is likely to allocate ~US$ 382 million annually for a similar cause till 2030. The program applies specifically to profitable auto companies actively investing in research & development, especially those creating technologies that boost energy efficiency within Brazil. Similarly, in 2017, Argentine President announced a US$ 1 million plan for the development of the automotive industry, under which the country aimed to be capable of producing 750,000 cars annually by 2019 and ~1 million units by 2023. Therefore, such government initiatives to support the growth of the automotive industry are likely to support the growth of the powersports market in SAM in the coming years.
The ATV club in Argentina has been a pioneer in developing, planning, and implementing novel ATV and UTV excursions. The club's goal is to assist customers in identifying the adventure and recreation opportunities supported by nature, which has resulted in a boom in demand for these bikes. Further, the rising demand for ATVs for agricultural and industrial applications, increasing implementation of advanced technologies, and surging popularity of electric ATVs are the other factors that are expected to support the powersports market expansion in the country in the future.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM powersports market at a notable CAGR during the forecast period.
SAM Powersports Market Revenue and Forecast to 2028 (US$ Million)
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SAM Powersports Market Segmentation
The SAM 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 SAM powersports market is segmented into Brazil, Argentina, and the Rest of SAM.
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 SAM powersports market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Powersports Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Powersports Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Surge in All-Terrain Vehicle Popularity and Experience Zones
5.1.2 Adventure Tourism Being Boosted Using Powersports
5.2 Market Restraints
5.2.1 Alteration of Soil Structure and Adverse Impact on Vegetation
5.3 Market Opportunities
5.3.1 Upcoming Developments in Powersports Products
5.4 Future Trends
5.4.1 Green Energy in Powersports Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Powersports Market – SAM Analysis
6.1 SAM Powersports Market Overview
6.2 SAM Powersports Market Revenue Forecast and Analysis
7. SAM Powersports Market Revenue and Forecasts To 2028 – Type
7.1 Overview
7.2 SAM Powersports Market, By Type (2020 And 2028)
7.3 All-Terrain Vehicles
7.3.1 Overview
7.3.2 All-Terrain Vehicles: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.3.3 Utility Market
7.3.3.1 Overview
7.3.3.2 Utility Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.3.4 Sports Market
7.3.4.1 Overview
7.3.4.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4 Side-By-Side
7.4.1 Overview
7.4.2 Side-By-Side: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4.3 Utility Market
7.4.3.1 Overview
7.4.3.2 Utility Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.4.4 Sports Market
7.4.4.1 Overview
7.4.4.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5 Motorcycles
7.5.1 Overview
7.5.2 Motorcycles: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.3 Street Market
7.5.3.1 Overview
7.5.3.2 Street Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.4 Cruiser Market
7.5.4.1 Overview
7.5.4.2 Cruiser Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.5 Sports Market
7.5.5.1 Overview
7.5.5.2 Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.6 Dual Sports Market
7.5.6.1 Overview
7.5.6.2 Dual Sports Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.7 Adventure Market
7.5.7.1 Overview
7.5.7.2 Adventure Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
7.5.8 Others Market
7.5.8.1 Overview
7.5.8.2 Others Market: Powersports Market Revenue and Forecast To 2028 (US$ Million)
8. SAM Powersports Market – Country Analysis
8.1 Overview
8.1.1 SAM: Powersports Market Breakdown, by Country
8.1.1.1 Brazil: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.1.1 Brazil: Powersports Market Breakdown, by Type
8.1.1.1.1.1 Brazil: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.1.1.2 Brazil: Powersports Market Breakdown, by Side-by-Side
8.1.1.1.1.3 Brazil: Powersports Market Breakdown, by Motorcycles
8.1.1.2 Argentina: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.2.1 Argentina: Powersports Market Breakdown, by Type
8.1.1.2.1.1 Argentina: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.2.1.2 Argentina: Powersports Market Breakdown, by Side-by-Side
8.1.1.2.1.3 Argentina: Powersports Market Breakdown, by Motorcycles
8.1.1.3 Rest of SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.3.1 Rest of SAM: Powersports Market Breakdown, by Type
8.1.1.3.1.1 Rest of SAM: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.3.1.2 Rest of SAM: Powersports Market Breakdown, by Side-by-Side
8.1.1.3.1.3 Rest of SAM: Powersports Market Breakdown, by Motorcycles
9. Industry Landscape
9.1 Market Initiative
9.2 Merger and Acquisition
9.3 New Development
10. Company Profiles
10.1 BRP
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Kawasaki Motors Corp
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Polaris Inc.
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Yamaha Motor Corporation
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Suzuki Motor USA
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 American Honda Motor Company, Inc.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. SAM Powersports Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 3. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 4. Brazil: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 5. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 6. Brazil: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 7. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 8. Argentina: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 9. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 10. Argentina: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 11. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 12. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 13. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 14. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Powersports Market Segmentation
Figure 2. SAM Powersports Market Segmentation – By Country
Figure 3. SAM Powersports Market Overview
Figure 4. SAM Powersports Market, by Type
Figure 5. SAM Powersports Market, by Country
Figure 6. SAM: PEST Analysis
Figure 7. Powersports Market- Ecosystem Analysis
Figure 8. SAM Powersports Market Impact Analysis of Drivers and Restraints
Figure 9. SAM Powersports Market Revenue Forecast and Analysis (US$ Million)
Figure 10. SAM Powersports Market, By Type (2020 and 2028)
Figure 11. SAM All-Terrain Vehicles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Side-By-Side: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Motorcycles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Street Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Cruiser Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Dual Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Adventure Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Others Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM: Powersports Market, by Key Country- Revenue (2020) (US$ Million)
Figure 25. SAM: Powersports Market Breakdown, by Country, 2020 and 2028(%)
Figure 26. Brazil: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 27. Argentina: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 28. Rest of SAM: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
- American Honda Motor Company, Inc.
- BRP
- Kawasaki Motors Corp
- Polaris Inc.
- Suzuki Motor USA
- Yamaha Motor Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM powersports market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM powersports market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the powersports market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution