Recreational Products | Power Systems Research

2026-01-25

These Drivers Boost Two-Wheeler Market

India’s two-wheeler market has re-entered a phase of strong recovery, marking one of the most encouraging periods for the segment in the post-pandemic cycle.

After an extended stretch of muted retail activity—driven by rural income pressure, price inflation, and delayed replacements—the current upswing reflects deeper, broad-based improvements in consumer sentiment. The revival is being powered by a mix of macroeconomic stabilization, rural liquidity improvements, urban premiumization, and targeted OEM strategies.

Source: Times of India Read The Article

Categories: Indian Subcontinent, Production, Recreational Products, Sales

Office: India Office

2025-12-08

2025 EV Motorcycle Promotion Project Continues

Akihiro Komuro

South Korea’s Ministry of Environment is continuing the “Electric Motorcycle Subsidy Program and Battery Swap Charging Facility Support Program,” which was launched in spring 2025. Its effects appear to be gradually emerging in the market.

Categories: Alternative Power, Electrification, EV, Legislation, Recreational Products, South Korea

Office: Japan Office

EV Motorcycle Market Rapidly Expanding

Akihiro Komuro

According to statistics from the Vietnam Association of Motorcycle Manufacturers (VAMM) and other motorcycle data, gasoline motorcycle sales are slowing while electric two-wheelers are expanding rapidly. In the third quarter of 2025, the five VAMM member companies (Honda, Yamaha, Piaggio, Suzuki, and SYM) sold a total of 620,000 units, which is a 9.37% decrease compared to the same period last year. Cumulative sales from January to September remained nearly flat compared to 2024, totaling 1.91 million units.

Categories: EV, Production, Recreational Products, Vietnam

Office: Japan Office

2025-12-07

North America Golf Cars Production

Carol Turner

60,100 units is the estimate by Power Systems Research of the number of Golf Cars expected to be produced in North America during 2025.

Golf Cars are small, motorized vehicles that transport golfers and their equipment around a golf course. They may also be used as a Neighborhood Electric Vehicle (NEV) to transport people within golfing communities or similar neighborhoods.

This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR

For details, download the complete report above.

Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

Categories: DataPoint, Datapoint Reports, Lawn and Garden, Passenger Cars, Minivans, and SUVs, Production, Recreational Products

Office: United States Offices

2025-11-17

Auto Sector Driven by 2Ws, Stable PV Demand

Aditya Kondejkar

INDIA REPORT

India’s auto sector delivered a resilient performance in the first half of FY26 (April–September 2025), supported by healthy two-wheeler volumes, steady passenger-vehicle demand, and a modest recovery in commercial vehicles — even as the industry navigated EV market churn and shifting policy tailwinds.

Two-wheelers continued to underpin volume growth: production and domestic sales surged, with about 10,200,000 (1.02 crore) two-wheelers produced/sold in 1H FY26. This strength was driven by durable rural demand, improved affordability, and strong scooter and motorcycle cycles during the pre-festive and monsoon seasons.

Passenger vehicles showed robustness across the board, with roughly 2.05 million units recorded in the six-month period (Apr–Jun ~1.01m; Jul–Sep ~1.04m). OEMs benefited from a combination of steady urban demand, renewed festive spending and a partial easing of supply constraints. Strong export momentum — India recorded a record H1 export tally — also helped OEM plant utilizations.

Categories: Economics, Indian Subcontinent, Passenger Cars, Minivans, and SUVs, Production, Recreational Products, Sales

Office: India Office

2025-10-19

Why Electrifying Motorcycles In India Is Important

Guy Youngs

2W mobility in India represents over 70% of all mobility in India and accounts for 60% of gasoline consumption. Motorcycle sales are twice the scooter sales in India. While scooters are seeing ~20% penetration of EV, motorcycles are at 0.1%. This implies that a very significant portion of 2W mobility remains untouched from electrifications.

The market is vast – The number of motorcycles in India is approximately 250 M and almost all are entirely petrol powered. Every year 20M new motorcycles are sold in India. Petrol’s share today is approximately 99.9%

Source: Clean Technica: Read The Article PSR Analysis. The most popular motorbikes in India are in the range of 100-125cc. These are the kind of class that electric motorbikes should be able to compete in; there are a lot of “125cc-equivalent” electric motorbikes around. The cost of purchase and the ease of charging are key drivers in the potential growth of 2W electric machines. PSR

Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research

Categories: Alternative Power, Electrification, Recreational Products

Office: United States Offices

2025-09-13

2025 North America Scooter Production

Carol Turner

DATAPOINT

481,000 units is the estimate by Power Systems Research of the number of Scooters expected to be produced in North America during 2025.

Scooters/Minibikes/Mopeds are motorized 2-wheeled vehicles used primarily for recreational.

This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™, which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR

For details, download the complete report above.

Carol Turner is Senior Analyst, Global Operations for Power Systems Research

Categories: Datapoint Reports, North America, Production, Recreational Products

Office: United States Offices

2025-08-26

GST Reform Is Big Opportunity for OEMs

Aditya Kondejkar

India is preparing for one of its biggest tax reforms in recent years, targeting the Goods and Services Tax (GST) structure. If approved, the proposal will slash GST on small cars and two-wheelers from 28% to 18% and reduce GST on insurance premiums to between 5% and zero. The change, expected around Diwali, has the potential to reshape production planning and sales strategies for automobile manufacturers.

Source: Reuters. Read The Article

Impact on Small Cars and Two-Wheelers. Small cars and two-wheelers have traditionally been the backbone of India’s automobile industry, serving middle-class buyers who are highly price sensitive. However, in recent years, growth in these categories has slowed as buyers shifted toward SUVs, which now account for nearly half of passenger vehicle sales. By lowering taxes, the government aims to make small cars and two-wheelers more affordable, correcting the imbalance in demand and giving OEMs in these categories a much-needed boost.

Categories: Commercial Vehicles, Indian Subcontinent, Legislation, Motorcycles, Recreational Products, Sales

Office: India Office

2025-06-22

2025 Global Outboard Engine Production

Carol Turner

684,000 units is the estimate by Power Systems Research of the number of Outboard Engines expected to be produced worldwide in 2025.

An Outboard Motor is a propulsion unit for boats consisting of a self-contained unit that includes engine, gearbox and propeller or jet drive, designed to be affixed to the outside of the transom.

For details, download the complete report above.

Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

Categories: DataPoint, Datapoint Reports, Recreational Products, Small Engines

Office: United States Offices

2025-05-25

KTM Grapples with Restructuring Efforts

Emiliano Marzoli

The KTM Group, under the parent company Pierer Mobility AG, is currently navigating significant financial headwinds. Late November 2024 saw KTM AG enter a 90-day period of self-administration, a form of insolvency protection, burdened by approximately €3 billion in debt.

This move initiated a critical restructuring phase aimed at stabilizing the company’s financial position. A key milestone was reached in late February 2025 when creditors approved KTM’s restructuring plan, agreeing to a 30% debt repayment by May 23, 2025. This agreement hinged on KTM successfully raising €600 million by this crucial deadline, leading to an active search for potential investors.

Categories: Europe, Financial, Recreational Products

Office: Europe Office

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