The powersports market in APAC is expected to grow from US$ 60,891.28 million in 2021 to US$ 88,824.24 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.
Adventure tourism involves traveling to new locations for gaining new experiences, with calculated risks and personal challenges in wild & exotic environments. An increase in the number of visitors interested in off-road driving is contributing to the economic growth of the country. Powersports generates over US$ 1.15 billion in revenue in Malaysia each year through housing, logistics, and tourism expenditures. Racing events hosted by Malaysia include the Motorcycle Grand Prix (MotoGP), the Asia Road Racing Championship (ARRC), and the Malaysian Cub Prix. These events bring significant societal and economic benefits. The widespread awareness among sports tourists regarding such racing events favors the progress of motorsport tourism. The financial benefits of motorsports tourism to economies are associated with the long duration of the events, visibility and coverage by print and electronic media, sponsorship from domestic and global firms, and excessive economic opportunities for locals. For many, the desire to meet new and like-minded people with similar sociability interests is a driving force for off-roading. These factors are supporting the powersports market growth in APAC.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America powersports market at a notable CAGR during the forecast period.
APAC Powersports Market Revenue and Forecast to 2028 (US$ Million)
APAC Powersports Market Segmentation
The APAC 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 APAC powersports market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
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 APAC powersports market.
TABLE OF CONTENTS
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. APAC Powersports Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Powersports Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Increase in All-Terrain Vehicle Popularity and Experience Zones
5.1.2 Adventure Tourism Getting Boosted Owing to Rise in Use of Powersports
5.2 Market Restraints
5.2.1 Alteration of Soil Structure and Adverse Impact on Vegetation
5.3 Market Opportunities
5.3.1 Innovations in Powersports Products
5.4 Future Trends
5.4.1 Powersports Vehicles Based on Green Energy
5.5 Impact Analysis of Drivers and Restraints
6. Powersports Market – APAC Analysis
6.1 APAC Powersports Market Overview
6.2 APAC Powersports Market Revenue Forecast and Analysis
7. APAC Powersports Market Revenue and Forecasts To 2028 – Type
7.1 Overview
7.2 APAC 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. APAC Powersports Market – Country Analysis
8.1 Overview
8.1.1 APAC: Powersports Market Breakdown, by Country
8.1.1.1 Australia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.1.1 Australia: Powersports Market Breakdown, by Type
8.1.1.1.1.1 Australia: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.1.1.2 Australia: Powersports Market Breakdown, by Side-by-Side
8.1.1.1.1.3 Australia: Powersports Market Breakdown, by Motorcycles
8.1.1.2 China: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.2.1 China: Powersports Market Breakdown, by Type
8.1.1.2.1.1 China: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.2.1.2 China: Powersports Market Breakdown, by Side-by-Side
8.1.1.2.1.3 China: Powersports Market Breakdown, by Motorcycles
8.1.1.3 Japan: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.3.1 Japan: Powersports Market Breakdown, by Type
8.1.1.3.1.1 Japan: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.3.1.2 Japan: Powersports Market Breakdown, by Side-by-Side
8.1.1.3.1.3 Japan: Powersports Market Breakdown, by Motorcycles
8.1.1.4 India: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.4.1 India: Powersports Market Breakdown, by Type
8.1.1.4.1.1 India: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.4.1.2 India: Powersports Market Breakdown, by Side-by-Side
8.1.1.4.1.3 India: Powersports Market Breakdown, by Motorcycles
8.1.1.5 South Korea: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.5.1 South Korea: Powersports Market Breakdown, by Type
8.1.1.5.1.1 South Korea: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.5.1.2 South Korea: Powersports Market Breakdown, by Side-by-Side
8.1.1.5.1.3 South Korea: Powersports Market Breakdown, by Motorcycles
8.1.1.6 Rest of APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
8.1.1.6.1 Rest of APAC: Powersports Market Breakdown, by Type
8.1.1.6.1.1 Rest of APAC: Powersports Market Breakdown, by All-terrain Vehicles
8.1.1.6.1.2 Rest Of APAC: Powersports Market Breakdown, by Side-by-Side
8.1.1.6.1.3 Rest Of APAC: 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 American Landmaster
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 ARCTIC CAT
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 BRP
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 Hisun Motors Corp., USA
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 Kawasaki Motors Corp
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 Polaris 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
10.7 Yamaha Motor Corporation
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Suzuki Motor USA
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Volcon ePowersports, Inc.
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 American Honda Motor Company, Inc.
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES.
Table 1. APAC Powersports Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Powersports Market, Revenue and Forecast To 2028 – by Country (US$ million)
Table 3. Australia: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 4. Australia: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 5. Australia: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 6. Australia: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 7. China: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 8. China: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 9. China: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 10. China: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 11. Japan: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 12. Japan: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 13. Japan: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 14. Japan: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 15. India: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 16. India: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 17. India: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 18. India: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 19. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 20. South Korea: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 21. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 22. South Korea: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 23. Rest of APAC: Powersports Market, Revenue and Forecast To 2028 – by Type (US$ Million)
Table 24. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by All-terrain Vehicles (US$ Million)
Table 25. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by Side-by-Side (US$ Million)
Table 26. Rest Of APAC: Powersports Market, Revenue and Forecast To 2028 – by Motorcycles (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES.
Figure 1. APAC Powersports Market Segmentation
Figure 2. APAC Powersports Market Segmentation – By Country
Figure 3. APAC Powersports Market Overview
Figure 4. APAC Powersports Market, by Type
Figure 5. APAC Powersports Market, by Country
Figure 6. APAC: PEST Analysis
Figure 7. APAC Powersports Market- Ecosystem Analysis
Figure 8. APAC Powersports Market Impact Analysis of Drivers and Restraints
Figure 9. APAC Powersports Market Revenue Forecast and Analysis (US$ Million)
Figure 10. APAC Powersports Market, By Type (2020 and 2028)
Figure 11. APAC All-Terrain Vehicles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Side-By-Side: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Utility Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Motorcycles: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Street Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Cruiser Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Dual Sports Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Adventure Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Others Market: Powersports Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Powersports Market, by Key Country - Revenue (2020) (US$ Million)
Figure 25. APAC: Power Market Breakdown, by Country, 2020 and 2028(%)
Figure 26. Australia: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 27. China: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 28. Japan: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 29. India: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 30. South Korea: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
Figure 31. Rest of APAC: Powersports Market, Revenue and Forecast To 2028 (US$ Million)
The List of Companies - Asia Pacific Powersports Market
● 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 APAC 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 APAC 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 APAC 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
