![]() ![]() I'd expect that for motorbikes and personal watercraft the growth rates to be roughly similar. The worldwide snowmobile market, which was valued at $1.58 billion in 2020, is predicted to grow to $2.12 billion by 2030, with a CAGR of 3.1% from 2021 to 2030, according to a report by Allied Market Research. I expect that most of the growth will be created by trends such as consumer preference for using electric snowmobiles as a sustainable and effective travel option, as well as their capacity to extend the driving range. ![]() Industry OutlookĪs the snowmobile is a matured market, I don't expect the growth rate to be very high. The Ski-Doo and Lynx snowmobiles, Can-Am ATVs and motorbikes, Sea-Doo personal watercraft, and Rotax engines are among the items made by BRP. It was established in 2003 after Bombardier Inc.'s Recreational Products Division was split off and sold to a group of investors. Introducing BRPīRP, also known as Bombardier Recreational Products Inc., is a Canadian company that produces bikes, all-terrain vehicles, snowmobiles, and personal watercraft. Furthermore, core strengths of the business such as its strong and expanding leadership, community-building skills, and leading brands make it a strong player in the powersports industry. Despite industry troubles related to supply chain disruptions, they are increasing market share due to effective management and a diversified portfolio of strong brands. ![]()
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