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(Transportation-News.com, January 01, 2019 )
Stratview Research has published a new research report on Power Sports Market. This extensive report by Stratview Research analyses the growth of Power Sports Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Vehicle Type (All-Terrain Vehicle, Side by Side Vehicle, Personal Watercraft, Heavyweight Motorcycle, Snowmobile)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/120/power-sports-market.html
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Increasing use of power sport vehicles
The global power sports market promises a healthy growth opportunity and is likely to witness healthy growth during the forecast period of 2018 to 2023. Recovery of the global economy and increasing disposable income are the major drivers of the power sports market.
Increasing demands for off road vehicles
Global Power Sports market is segmented on the basis of vehicle types; All-Terrain Vehicles (ATV), Side by Side Vehicles (SSV), Personal Watercrafts (PWC), Snowmobiles, Heavyweight Motorcycles (Above 600CC), and Others. Side by Side vehicles offer many advantages over ATVs, such as better riding experience, rollover protection bars, and ease of mobility. In the last ten years, off-road industry has noticed a continuous shift in demand from ATVs to Side by Side vehicles.
North America is expected to remain the largest market
The market of all the major power sports vehicle types, such as ATVs, SSVs, PWCs, snowmobiles, and heavyweight motorcycles (>600CC) is heavily dependent on the performance of the North American region. This region is expected to remain the largest market for power sports in the next five years. The US is the growth engine of the North American as well as the global power sports market.
Key players
The supply chain of this market comprises raw material suppliers, component manufacturers, power sports vehicle manufacturers, and distributors. The key power sports vehicle manufacturers are Polaris Industries, Honda Motors, Yahama Motors, John Deere, Kubota Corporation, Harley Davidson, Arctic Cat Inc., BRP Inc., and Kawasaki Motors. New product development, vast product portfolio, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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