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June 2025
The electric power sports market is projected to reach USD 17.96 billion by 2034, expanding from USD 11.34 billion in 2025, at an annual growth rate of 5.24% during the forecast period from 2025 to 2034. The rising popularity of powersports in Western nations coupled with rapid investment by government for strengthening the tourism sector has played a prominent role in shaping the industrial landscape.
Additionally, increasing awareness aimed at reducing vehicular emission along with emergence of electric watercraft in water parks is contributing to the overall market growth. The technological advancements in solid-state batteries and graphene batteries is expected to create ample growth opportunities for the market players in the future.
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The electric power sports market is a crucial segment of the automotive industry. This industry deals in manufacturing and distribution of electrically-powered sport vehicles in different parts of the world. There are several types of vehicles developed in this sector comprising of electric motorcycles, electric ATVs, electric snowmobiles, electric bicycles, electric scooters and some others. These vehicles finds application in numerous sectors including recreational riding, racing, utility work, adventure sports, touring and some others. The growing adoption of EVs in developed nations to curb emission has boosted the market expansion. This market is expected to rise significantly with the growth of the electric vehicles industry around the globe.
| Metric | Details |
| Market Size in 2025 | USD 11.34 Billion |
| Projected Market Size in 2034 | USD 17.96 Billion |
| CAGR (2025 - 2034) | 5.24% |
| Leading Region | North America |
| Market Segmentation | By Application, By Vehicle Type, By Power Source, By End Use and By Region |
| Top Key Players | Zero Motorcycles, Inc., Alta Motors, BRP Inc. (Can-Am), Onewheel, Polaris Inc. |
The major trends in this market consists of partnerships, government initiatives and advancement in battery technology.
Numerous market players are partnering with each other to develop a wide range of electrically-powered vehicles for adventure riders.
Government of several countries such as India, China, Japan, the U.S. and some others have launched numerous initiatives for increasing the adoption of EVs.
The battery manufacturing industry has started integrating AI and IoT in batteries for detecting faults and gathering real-time insights.
The electric motorcycles segment dominated the market. The growing demand for eco-friendly two-wheelers with an aim to reduce vehicular emission has boosted the market expansion. Additionally, rise in number of EV startup companies engaged in developing electric two-wheelers coupled with rapid investment by bike manufacturers to develop electric motorcycles is playing a crucial role in shaping the industrial landscape. Moreover, research and development activities related to the production of batteries for e-motorcycles is expected to boost the growth of the electric power sports market.
The electric ATVs segment is expected to expand with a notable CAGR during the forecast period. The rising sales of electric ATVs in numerous countries such as the U.S., New Zealand, Germany and some others has boosted the market expansion. Additionally, the growing application of ATVs in the agricultural and recreational sector is playing a prominent role in shaping the market in a positive direction. Moreover, the growing demand for high-performance ATVs from off-roading enthusiasts coupled with integration of advanced technologies in ATVs is expected to propel the growth of the electric power sports market.
The recreational riding segment led the market. The growing interest of consumers towards outdoor recreational activities in leisure time has increased the demand for ATVs, thereby driving the market growth. Additionally, increasing emphasis of automotive brands to develop advanced recreational vehicles to attract maximum consumer attention is adding to the industrial expansion. Moreover, the rising adoption of electric bikes and electric scooters for touring short distances is expected to proliferate the growth of the electric power sports market.
The utility work segment is expected to grow with a considerable CAGR during the forecast period. The growing adoption of electric scooters by ride-sharing companies to facilitate urban commute has boosted the market expansion. Also, the rising application of electric ATVs in several sectors such as mining, agriculture, construction and some others is playing a vital role in shaping the industry in a positive direction. Moreover, rapid investment by market players towards developing electrically-powered utility vehicles is accelerating the growth of the electric power sports market.
North America led the electric power sports market. The growing popularity of powersports events in the U.S. and Canada has boosted the market growth. Additionally numerous government initiatives aimed at developing the EV charging infrastructure coupled with rapid investment by automotive brands for developing electric snowmobiles is further contributing to the industrial expansion. Moreover, the presence of numerous market players such as Rivian, Juiced Bikes, Lightning Motorcycles and some others is expected to drive the growth of the electric power sports market in this region.
Asia Pacific is expected to rise with a significant CAGR during the forecast period. The rising sales of electric ATVs and electric motorcycles in numerous countries such as China, India, Japan, Singapore and some others has boosted the market expansion. Additionally, rapid development in the battery manufacturing industry coupled with growing awareness for adopting EVs is further driving the industrial growth. Moreover, the presence of numerous electric power sport manufacturing brands such as Kawasaki Heavy Industries, Honda Motors, Yamaha Motor and some others is expected to boost the growth of the electric power sports market in this region.
The electric power sports market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Juiced Bikes, BRP, Honda Motor, Polaris Industries, Lightning Motorcycles, Victory Motorcycles, Kawasaki Heavy Industries, BMW Motorrad, Rivian, Alta Motors, Tesla, Yamaha Motor, Zero Motorcycles, Energica Motor Company, Fuell, and some others. These companies are constantly engaged in providing solutions to transport loose commodities and adopting numerous strategies such as business expansions, acquisitions, launches, collaborations partnerships, joint ventures, and some others to maintain their dominance in this industry.
By Application
By Vehicle Type
By Power Source
By End Use
By Region
June 2025
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