Motorcycles Segment to Dominate APAC Powersports Market during 2020–2028      

According to a new market research study on “APAC Powersports Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type” is expected to reach US$ 88,824.24 million by 2028 from 60,891.28 US$ million in 2021. The market is estimated to grow at a CAGR of 5.5% from 2021 to 2028. The report provides trends prevailing in the APAC powersports market along with the drivers and restraints pertaining to the market growth. Increasing usage of powersports to boost adventure tourism is the major factor driving the growth of the APAC power sports market. However, issues associated with alteration of soil structure and adverse Impact on vegetation hinders the growth of APAC powersports market.

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. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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