QYR Market Research Global Power Sports market research | Page 8

QYResearch
5. Forecast
With emerging economies growing faster, a strategy has been adopted
by most leading vendors in the Power Sports market to approach these
areas. QYR analysis of the Power Sports market indicated that Asia-
Pacific would account for the highest sales in 2023 with close to 37
percent of global sales coming from this region, and Asia has the
highest growth rate. Vendors recognize the importance of this region,
particularly in China, and are working towards penetrating this market
by strengthening their sales and distribution networks.
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