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Power Sports Aftermarket by Vehicle (All-terrain vehicles, Side-by-side vehicles, Snowmobiles, Heavyweight motorcycles, Personal watercrafts), by Sales Channel (Online, Offline), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Russia), by Asia Pacific (China, Japan, India, South Korea), by Latin America (Brazil, Mexico), by MEA (Saudi Arabia, UAE, South Africa) Forecast 2025-2033
The size of the Power Sports Aftermarket was valued at USD XXX Million in 2023 and is projected to reach USD 0.00 Million by 2032, with an expected CAGR of 7% during the forecast period.The Power Sports Aftermarket market includes the sale of aftermarket parts, accessories, and services for powersport vehicles such as motorcycles, ATVs, snowmobiles, personal watercraft, and dirt bikes. This market offers a broad range of products, including replacement parts, performance upgrades, safety gear, and customization accessories. The growth of the aftermarket sector is driven by several factors, including the increasing popularity of recreational powersports, which boosts demand for vehicle parts and accessories; the trend toward vehicle personalization, as enthusiasts seek to enhance the performance or appearance of their vehicles; the rise of online shopping platforms that make aftermarket products more accessible to consumers; and technological advancements that lead to the creation of high-performance parts and accessories that improve vehicle safety, durability, and functionality. These drivers are propelling the expansion of the power sports aftermarket market, making it a key segment within the broader powersports industry.
The power sports aftermarket is concentrated in North America and Europe, where the majority of major manufacturers are based. The market is characterized by high levels of innovation, as manufacturers constantly strive to develop new and improved products. The industry is also subject to a number of regulations, which govern the safety and performance of power sports vehicles. Product substitutes include traditional gasoline-powered vehicles, as well as electric and hybrid vehicles. The end user concentration is high, as the majority of power sports vehicles are sold to individual consumers. The level of M&A activity in the power sports aftermarket is moderate.
Key market insights include the growing popularity of side-by-side vehicles and personal watercrafts, as well as the increasing demand for aftermarket accessories and parts. The growth of the e-commerce market is also impacting the power sports aftermarket, as more and more consumers are purchasing parts and accessories online.
North America is the dominant region in the power sports aftermarket, accounting for over 50% of the global market. The United States is the largest market in North America, followed by Canada. The side-by-side vehicle segment is expected to dominate the market in the coming years, driven by the growing popularity of off-road recreation.
The report provides comprehensive coverage of the power sports aftermarket, including:
The power sports aftermarket is growing rapidly, driven by the increasing demand for recreational vehicles. The market is expected to reach $50 billion by 2025. North America is the dominant region in the power sports aftermarket, accounting for over 50% of the global market. The side-by-side vehicle segment is expected to dominate the market in the coming years, driven by the growing popularity of off-road recreation.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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