The global Powersports market size was USD 9.44 billion in 2019. The market is anticipated to grow from USD 8.76 billion in 2020 to USD 12.75 billion in 2027 at a CAGR of 5.5% in the 2021-2028 period. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over. Factors such as the increasing demand for snowmobiling and the growing focus on installing after-purchase equipment by the manufacturers are anticipated to favor the product’s demand in the forthcoming years.

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The entire world is fighting with the COVID-19 pandemic, which has severely disrupted trades across the globe. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

LIST OF KEY COMPANIES PROFILED:

Polaris Inc.
Textron Inc.
Arctic Cat Inc.
Honda Motor Co., Ltd.
BRP
Harley Davidson
Kawasaki Heavy Industries, Ltd.
KYMCO
Suzuki Motor Corporation
Yamaha Motor Co., Ltd.
Increasing Demand for Snowmobiling to Augment Growth

According to the International Snowmobile Manufacturers Association, annually, about USD 36 billion is spent on snowmobiling activities in the US and Canada. Moreover, the sport generates a revenue of around USD 350 million every year in the state of Maine. Therefore, the sought-after recreational sport is expected to positively affect the demand for the product. Moreover, the growing demand for after-purchase accessories is further anticipated to boost the global powersports market growth during the forecast period.

REGIONAL INSIGHTS:

North America – The region is expected to remain at the forefront and hold the highest position in the market in the forthcoming years. This is due to the favorable climatic conditions and the presence of several recreational sports in countries such as the U.S. that is likely to propel the demand for advanced powersports in the region. North America stood at USD 7.26 billion in 2019.
Asia-Pacific – The market in Asia-Pacific is anticipated to showcase exponential growth backed by the rising disposable income of the working population and the increasing consumer awareness regarding recreational sports in the region that will boost the demand for powersports in the region between 2020 and 2027.
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Global Green Tires Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Optimizations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Green Tires Market report.

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March 2020 – Goodyear Announces the First Ever Self-Regenerating Concept in Tires: Goodyear introduces a self-recharging design to expand the life of tires and make them highly adaptable to different weather conditions. The Goodyear ReCharge is the latest concept in the tire that uses. The tread rubber is made of multiple organic materials and strengthened with spider silk-based fibers.

Key players covered in the global Green Tires Market research report:

MICHELIN
Bridgestone Corporation
The Goodyear Tire & Rubber Company
Continental AG
Hankook Tire & Technology Co. Ltd.
Pirelli & CSpA
Cheng Shin Rubber Ind. Co. Ltd.
THE YOKOHAMA RUBBER CO., LTD.
Drivers & Restraints

Vehicles are the major prolific contributors to air pollution owing to the extensive utilization of fossil fuels. Although individual vehicles do not produce a high amount of emissions, the cumulative number of vehicles. The governments of various countries are imposing several emission norms on automotive manufacturers to reduce the increasing rate of vehicular. Automotive tires are one of the significant components of vehicles in terms of determining the number of pollutants emitted by the vehicles. emissions. For example, all the tires sold in Europe are subject to mandatory tire labeling.

Major Table of Contents for Green Tires Market Research Report:

Introduction
Executive Summary
Market Dynamics
Key Market Growth Insights
Global Market Analysis, Insights and Forecast, 2017-2028
North America Market Analysis, Insights and Forecast, 2017-2028
Europe Market Analysis, Insights and Forecast, 2017-2028
Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
Latin America Market Analysis, Insights and Forecast, 2017-2028
Competitive Landscape
Global Green Tires Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
Company Profiles
Conclusion
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Global Electric Ships Market Size research report 2021 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market. This study provides information about the sales and revenue during the historic and forecasted period of (2021 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Electric Ships Market report.

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September 2020 – Corvus Energy secured a contract from Holland Ship Electric to supply lithium-ion-based energy storage systems for five new ships being built by Holland Shipyards Group for GVB, Amsterdam’s municipal public transport provider.

Key players covered in the global Electric Ships Market research report:

Kongsberg
Leclanche
Corvus Energy
Echandia Marine AB
Siemens
Vard (part of Fincantieri SpA)
Norwegian Electric Systems
General Dynamics Electric Boat
MAN Energy Solutions SE
Wartsila
Schottel Group
Anglo Belgian Corporation NV
Eco Marine Power
Akasol AG
Drivers & Restraints

In January 2020, the International Maritime Organization implemented the global Sulphur cap that requires ships operating outside of emission control areas (ECAs) to use low Sulphur fuels. Ships need to utilize fuels with a Sulphur content of 0.5% or less, as compared to the previous limit of 3.5% or less. However, unlike the residual fuels used by the majority of the ships, the cost of compliant fuels is expected to be around 50% higher. Furthermore, according to the International Chamber of Shipping (ICS), a collective cost of USD 50 billion to the industry is expected owing to the new regulations with an additional price spike. It is attributed to the early uncertainty regarding the availability of compliant fuels. Hence, the increasing adoption of environment-friendly electric ships is expected among ship operators. It can also help to reduce operating costs. These factors are set to fuel the electric ships market growth.

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Major Table of Contents for Electric Ships Market Research Report:

Introduction
Executive Summary
Market Dynamics
Key Market Growth Insights
Global Market Analysis, Insights and Forecast, 2017-2028
North America Market Analysis, Insights and Forecast, 2017-2028
Europe Market Analysis, Insights and Forecast, 2017-2028
Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
Latin America Market Analysis, Insights and Forecast, 2017-2028
Competitive Landscape
Global Electric Ships Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
Company Profiles
Conclusion
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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com