According to the research report titled ‘Online Powersports Market Size By Vehicle, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, global online powersports market is anticipated to register tremendous growth during 2020-2026.
 

Increase in recreational and off-road leisure activities is the major factor driving the growth of global online powersports market. With several innovations in product and enhancements in performance and speed, the manufacturers of powersports are offering a vast variety of models online. Powersports consists of wide range of recreational activities and provides accessories & parts for ATVs, scooters, side-by-side vehicles, UTVs and motorcycles which are used on road and off pavement.
 

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Moreover, snowmobiling has strengthened the economies of various communities and is regarded as one of the most important segments in the active outdoor recreation & utility sector. Various provincial & state travel bureaus are encouraging the snowmobile tourism by providing snowmobile trail maps, information guides, and setting up tollfree numbers for information about snowmobiling conditions as well as opportunities.
 

Inclination towards spending quality time with family and friends, trend of being close to nature, and rising popularity of powersports vehicles for their speed & mobility among children & adults are augmenting the growth of online powersports market, cites the report.
 

Based on vehicle type, global online powersports market is segmented into snowmobiles, heavyweight motorcycles, side by side vehicles, personal watercrafts, and all-terrain vehicles. Among these, all-terrain vehicle segment is poised to experience considerable growth during 2020-2026, owing to high participation in adventure activities by all age groups. ATVs are sophisticated in nature with long-travel suspension, two-stroke motor, and liquid-cooled as well as completely manual 6-speed transmission. These vehicles are not only compact and light, but have fast acceleration with maximum speed of 120 kmph.
 

From a regional frame of reference, Asia-Pacific online powersports market is expected to witness exponential growth over the forecast period, owing to growing consumer interest in sports and adventure activities.
 

Key players operating in global online powersports market are Louis Powersports, Arctic Cat Inc., Yamaha Motor Co. Ltd., Bombardier Recreational Products, Honda Motor Co. Ltd., Kawasaki, Polaris Inc., Cycle Works Motorsports, Harley Davidson, and RideNow Powersports.