According to the latest study titled ‘North America Power Sports Market Size By Vehicle, Industry Analysis Report, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, North America power sports market is anticipated to accumulate USD 17 billion over 2020-2026.
 

Rising popularity of off-roading events with huge participation from youth population across the United States and Canada, along with government support for racing and off-road activities are spurring the growth of North America power sports market.
 

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Moreover, extensive usage of ATVs and UTVs by military & defense sector for movement of personnel and goods over rough terrains is contributing towards the market valuation. These organizations are collaborating with power sports manufacturers to develop defense-specific vehicles. Citing an instance, Government Services Administrator (GSA) awarded a contract to Polaris Government & Defense in January 2020 for delivery of novice light tactical vehicle MRZR Alpha.
 

The report cites that regular snowfalls during winters has surged the demand for snowmobiles, for ice sports as well as locals trips, government duties, and essential purposes, which in turn is stimulating North America power sports industry outlook. Snowmobiles are witness escalating sales, registration, and licensing across nations like Quebec and British Columbia.
 

On the contrary, recent Covid-19 outbreak has adversely impacted North America power sports market share with plummeted manufacturing activities, raised raw material costs, and heavy import duty from Asian makers during the lockdown period.
 

Apart from growth catalysts and restraints, the research document scrutinizes the marketplace based on vehicle type and regional landscape. It emphasizes on the industry share help by each segment in the past and their contribution towards overall remuneration over the analysis timeframe.
 

Lastly, the competitive dashboard entailed in North America power sports market report are Kubota Corp., KYMCO USA, Yamaha Motor Co. Ltd., Kawasaki Motors Corp., John Deere (Deere & Co.), Polaris Inc., Harley-Davidson Inc., Honda Motor Co. Ltd., Bombardier Recreational Products Inc. (BRP), and Arctic Cat.