The Asia Pacific power sports aftermarket is expected to register lucrative growth by 2027 due to the increasing inclination towards recreational activities such as off-roading and water sports. The industry growth is driven by surging investments in the development of trails, amusement parks, and water sports clubs in countries, comprising China, Japan, Australia, and India.

An instance of the same is the Australian off-road championship event organized in March 2021 by the Motorcycling Australia organization. The event helped in supporting the aftermarket spare parts demand in the country.

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The emergence and integration of newer components like audio & video bars, as well as GPS & communication systems, will drive the power sports aftermarket forecast in the coming years. There is a significant jump in the number of accidents incurred during championships, and racing activities that cause significant damages, specifically in North America and Europe.

Owing to these factors, there is abundant availability of affordable parts and components in comparison to the products rendered by numerous OEMs. The rising wear & tear of the vehicles during off-roading activities have led to the incessant need to replace various power sports parts. It has also helped to increase the safety of the riders through enhanced communication during emergencies. Besides, there is a rising focus to curb carbon emissions by developing electric power sports vehicles. The global power sports aftermarket size will exceed an annual revenue of USD 14 billion by 2027.

The UTV segment in the power sports aftermarket is slated to record appreciable growth in the ensuing years. The machines are being increasingly utilized in goods transportation and farming across different terrains and are also deployed in a range of recreational off-road activities as well as sports. The segment expansion is impelled by the enhanced load and passenger carrying capacity provided by UTVs in comparison to ATVs on difficult terrains.

Key players in the market are emphasizing on strategic partnerships, acquisitions, mergers, and product developments for consolidating their position in the market. For instance, the new generation Honda HR-V was launched in early 2021. Before it could go on sale in numerous parts of the globe, Mugen Motorsports announced a long list of aftermarket accessories for sprucing up the compact crossover, making the new HR-V look more attractive.

Prominent power sports aftermarket manufacturers comprise Polaris, Inc., Harley Davidson, KWANG YANG MOTOR CO., LTD., Western Power Sports, Yamaha Motor Co., Ltd., Kubota Corporation, Bombardier Recreation Products, AISIN SEIKI Co., Ltd., Motorsport Aftermarket Group, and others.

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Some Point from Table of Contents:

Data Tables

TABLE 1    Global power sports aftermarket industry 360⁰ synopsis, 2016 – 2027

TABLE 2    Global market size, 2016 – 2020 (USD Million)

TABLE 3    Global market size, 2021 – 2027 (USD Million)

TABLE 4    Global market size, by vehicle, 2016 – 2020 (USD Million)

TABLE 5    Global power sports aftermarket size, by vehicle, 2021 – 2027 (USD Million)

TABLE 6    Global all-terrain vehicles aftermarket size, by component, 2016 – 2020 (USD Million)

TABLE 7    Global all-terrain vehicles aftermarket size, by component, 2021 – 2027    (USD Million)

TABLE 8    Global side-by-side vehicles aftermarket size, by component, 2016 – 2020 (USD Million)

TABLE 9    Global side-by-side vehicles aftermarket size, by component, 2021 – 2027    (USD Million)

TABLE 10    Global snowmobiles aftermarket size, by component, 2016 – 2020 (USD Million)

TABLE 11    Global snowmobiles aftermarket size, by component, 2021 – 2027    (USD Million)

TABLE 12    Global heavyweight motorcycles aftermarket size, by component, 2016 – 2020 (USD Million)

TABLE 13    Global heavyweight motorcycles aftermarket size, by component, 2021 – 2027    (USD Million)

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