Power Sports Accessories Market Size - By Product Type (Cab System, Protective Gear, Apparel & Clothing), By Vehicle Type (ATV, UTV, Snowmobiles, Personal Watercraft, Heavyweight Motorcycles), By Sales Channel (Online, Offline) & Forecast 2023 - 2032

Power Sports Accessories Market Size - By Product Type (Cab System, Protective Gear, Apparel & Clothing), By Vehicle Type (ATV, UTV, Snowmobiles, Personal Watercraft, Heavyweight Motorcycles), By Sales Channel (Online, Offline) & Forecast 2023 - 2032

Power Sports Accessories Market size is set to exhibit more than 9.5% CAGR from 2023 to 2032, due to the growing interest in outdoor and recreational activities, such as off-roading, boating, and motorsports worldwide. The rising popularity of activities, such as off-roading, boating, snowmobiling, and motorsports is spurring the need for safety gear, customization options, and performance-enhancing accessories. The greater desire for thrilling experiences and the immense enjoyment of great outdoors is also compelling enthusiasts to invest in power sports accessories, further favoring the recreational business space.

The increasing focus of market players on innovating and developing solutions to streamline the buying procedure for customers will also support the market growth. For instance, in March 2023, Polaris launched Polaris Xchange, an online marketplace for enabling customers to shop, research, and begin the buying procedure of snowmobiles, off-road vehicles, side-by-sides, motorcycles, ATVs, and auto-cycles.

The power sports accessories market is segmented based on product type, vehicle type, sales channel, and region.

With respect to product type, the power sports accessories market from the protective gear segment is set to witness high demand between 2023 and 2032. Power sports enthusiasts are increasingly prioritizing safety during adventures, leading to the robust demand for protective gear, such as helmets, body armor, and gloves. The surging awareness of the importance of safety coupled with stringent regulations in multiple regions has also boosted the sales of protective gear. Additionally, the growing popularity of extreme and off-road sports will add to the segment expansion.

In terms of vehicle type, the power sports accessories industry size from the UTV segment is expected to register considerable growth through 2032. UTVs have gained popularity for their versatility and off-road capabilities, further emerging as a preferred choice for both recreational and utility purposes. The growing focus of UTV enthusiasts on enhancing the performance, safety, and aesthetics of vehicles will also accelerate the segment growth.

Asia Pacific power sports accessories market will witness over 6.5% CAGR from 2023 and 2032. The rising disposable income levels, expanding urbanization, and the growing affinity for recreational and adventure activities are driving the demand for power sports accessories. The popularity of off-road vehicles, motorcycles, and water sports activities has also gained ground in the region. The robust presence of power sports enthusiasts, higher demand for accessories, including safety gear, performance enhancements, and customization options will also contribute to the regional market growth.