Recreational Products

  • 2024 Motorcycle Production

    Motorcycles — Aug 2024Download
    DATAPOINT REPORT

    392,500 units is the estimate by Power Systems Research of the number of on-highway Motorcycles expected to be produced in North America (US and Mexico) in 2024.

    On-Road Motorcycles or Street Bikes are motorized two-wheeled vehicles that are street legal for sport and leisure activities. They include features such as headlights, brake lights and turn signals.

    This product information comes from industry interviews and from two proprietary databases maintained…

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  • Bajaj, TVS Enter CNG Two-Wheeler Market

    INDIA REPORT
    Aditya Kondejkar


    Bajaj Auto has recently launched the Freedom 125, the world’s first CNG-powered two-wheeler, generating significant buzz in the Indian market. This innovative move has boosted Bajaj’s market position and also inspired other manufacturers, like TVS, to explore CNG options.

    The Freedom 125, priced between Rs 95,000 and Rs 1.10 lakh, offers an impressive CNG mileage of 102 km/kg, which appeals to environmentally conscious consumers and those looking for cost-effective fuel alternatives.

    Source: CNBCTV18:    Read The Article

    TVS Motor Company is set to follow Bajaj’s lead by developing the Jupiter 125, which will be the first scooter to feature a factory-fitted CNG (compressed natural gas) kit. Slated for launch early next year, the Jupiter 125 is aimed to compete directly with Bajaj’s Freedom 125, offering similar pricing and dual fuel options.

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  • 2024 North America Scooter Production

    DATAPOINT REPORT
    DataPoint: Scooters – Jul 2024Download

    175,300 units is the estimate by Power Systems Research of the number of Scooters expected to be produced in North America in 2024.

    Scooters/Minibikes/Mopeds are motorized 2-wheeled vehicles used primarily for recreation, although they are used for primary transportation in many cases.

    It’s important to note that Go-Ped manufactures stand-on scooters. 

    This product information comes from industry interviews and from two proprietary databases…

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  • 2024 Global Golf Cart Revenue To Hit $1.84 Billion

    Michael Aistrup

    Power Systems Research estimates the Global Golf Cart Market to be $1.84 billion in 2024 and expects this market to reach $2.81 billion by 2032, growing at a CAGR of 5.65% during the forecast period.

    Market Demand Drivers. Theincreased popularity of the game of golf by senior citizens, women, and juniors has increased the demand for golf carts. The increased use of these eco-friendly electric vehicles by government and industry also has pushed demand.

    • Sustainability and Environmental Concerns. Governments, golf courses, and consumers increasingly are emphasizing the need for eco-friendly alternatives. Electric golf carts, with their lower emissions and reduced environmental impact, meet these concerns.
    • The solar golf cart segment is projected to experience rapid growth, primarily due to its eco-friendly nature and lower operating costs.
    • Popular golf destinations and resorts experienced an influx of tourists, and millions of new participants have started golfing for the first time are leading to higher demand for golf carts.
    • Increased participation. More than 2 million newcomers have been added to the industry for eight consecutive years between 2012 and 2019, with the number exceeding 3 million per year between 2020 and 2022.

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  • 2024 Global Snowmobile Production 

    89,400 units is the estimate by Power Systems Research of the number of Snowmobiles expected to be produced in Canada, Finland, Italy, Japan and U.S. in 2024.

    Global Snowmobiles – Jun 2024Download

    Snowmobiles, often called sleds, are motor vehicles that have a revolving tread in the rear and steerable runners in the front, for traveling over snow off-road, often at speeds exceeding 100 mph. They are used for recreation and industrial purposes.

    This product information comes from industry interviews…

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  • 2032 Global ATV-SxS Market To Hit $22.9 Billion

    GLOBAL REPORT
    Michael Aistrup

    According to the latest research by Power Systems Research, the global ATV & SxS market size is valued at $13.54 billion in 2024 and is expected to expand at a CAGR of 6.87% during the forecast period, reaching $22.85 billion by 2032.

    ATV stands for “All Terrain Vehicle.” An ATV is an off-road vehicle with handlebar steering and a motorcycle-style seat that can seat a driver and one passenger in tandem. ATVs are designed for a variety of uneven terrain and roads. A side-by-side vehicle (SxS) is an off-road vehicle known for its 4- to 6-wheel design, unique side-by-side bucket seat setup, and steering wheel and pedal drive system.

    Source: Power Systems Research

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  • E-Battery Technology Increases Opportunities

    Michael Aistrup

    As battery technology increases, the opportunities for battery-powered equipment continue to grow, especially in the Lawn & Garden and recreational products segments. The factors of reduced weight, increased charging capacity and lower cost are making battery-powered equipment more attractive to consumers and commercial users in these segments.

    Lawn & Garden. The capacity of lithium-ion battery technology to meet the horsepower needs of the homeowner and the commercial landscaper has grown significantly in the last couple of years. Battery-powered lawn and garden equipment can now match the power of traditional gas-powered lawn and garden equipment. Some brands now have available 56V which is more than double what was the standard power available. Batteries now charge quicker, last longer, and can hold a charge indefinitely.

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  • 2024 NA ATV Production: 281,000 Units

    281,000 units is the estimate by Power Systems Research of the number of ATVs expected to be produced in North America in 2024.

    NA ATVs – Feb 2024Download

    ATV is short term for All Terrain Vehicle. This vehicle commonly has four wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other. ATVs are utilized in a variety of activities that include recreation, sport and military related needs. 

    This product information comes from industry interviews…

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  • 2023 Domestic MC Shipments Increase 4%

    JAPAN REPORT

    Domestic motorcycle shipments increased for the first time in two years to 376,720 units in 2023, up 4% from the previous year. Class 2 mopeds, which have relatively low maintenance costs, performed well, increasing 47% year-on-year. The shortage of semiconductors and the easing of logistics disruptions also contributed to the increase in shipments.

    Class 1 mopeds (50cc and below) fell by 29% to 92,824 units. Class 2 mopeds (over 50cc and under 125cc) were up 47% to 149,655 units, light motorcycles (over 125cc and under 250cc) were up 16% to 66,630 units and small motorcycles (over 250cc) were down 6% to 67,611 units.

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Global Motorcycle, ATV and Powersports Production Data

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