The Electric Power Sports Market is poised for impressive growth, projected to reach USD 17.96 billion by 2034, up from USD 11.34 billion in 2025, expanding at a CAGR of 5.24% during 2025–2034. The growing popularity of power sports in Western countries, combined with government investments in tourism and recreational infrastructure, has significantly shaped this industry’s trajectory.

🌍 Regional Highlights of the Electric Power Sports Market

North America dominates the market, generating the highest revenue share.
Asia Pacific is set to experience a notable CAGR throughout the forecast period.
By application, recreational riding holds the largest market share, while utility work is expected to see strong growth.

Let’s explore the leading companies shaping the electric power sports industry:

⚡ Zero Motorcycles, Inc.

About: Zero Motorcycles, headquartered in California, is a pioneer in electric motorcycles with a vision of delivering high-performance, eco-friendly rides.
Products: Their lineup includes popular models like Zero SR/F and Zero FXE, designed for street and off-road adventures.
Market Cap: Estimated at around USD 1.2 billion (private company valuation).

⚡ Alta Motors

About: Alta Motors, known for its innovative electric dirt bikes, aimed to revolutionize motocross before ceasing operations in 2018. However, its technological legacy influences current market players.
Products: Key products included the Redshift MX and EX, highly regarded for lightweight design and powerful performance.
Market Cap: Prior to closure, it had an estimated valuation of USD 80–100 million.

⚡ BRP Inc. (Can-Am)

About: BRP Inc., a Canadian multinational, is a global leader in power sports vehicles under the Can-Am brand.
Products: Known for Can-Am electric ATVs and side-by-sides, BRP is actively transitioning to electric powertrains with its EV lineup launch by 2026.
Market Cap: Approximately USD 5.8 billion as of 2025.

⚡ Onewheel

About: Onewheel, developed by Future Motion Inc., is famous for its single-wheeled self-balancing electric boards that combine surfing and skating sensations.
Products: Popular models include Onewheel Pint and Onewheel GT.
Market Cap: Estimated private valuation around USD 400 million.

⚡ Polaris Inc.

About: Polaris Inc., a leading U.S. manufacturer of snowmobiles, ATVs, and motorcycles, is expanding rapidly into electric power sports.
Products: Its electric offerings include the Ranger XP Kinetic UTV and electric snowmobiles.
Market Cap: About USD 6.5 billion in 2025.

⚡ Kuberg

About: Kuberg, a Czech Republic-based company, designs lightweight electric motorcycles for kids and adults.
Products: Models like Kuberg Freerider and Trial Hero are popular in off-road segments.
Market Cap: Estimated at USD 50–75 million (private).

⚡ Stealth Electric Bikes

About: Based in Australia, Stealth Electric Bikes specializes in high-performance electric mountain and trail bikes.
Products: Notable models include the Stealth B-52 and Stealth F-37.
Market Cap: Estimated private valuation of around USD 30–50 million.

⚡ Electric Motion

About: Electric Motion, headquartered in France, focuses on electric trials and off-road motorcycles.
Products: Its popular EM Escape and EM Epure models target recreational and competitive riders.
Market Cap: Estimated at USD 25–40 million (private).

⚡ KTM AG

About: KTM AG, an Austrian motorcycle giant, has ventured into electric bikes with its e-mobility division.
Products: The KTM Freeride E-XC is a prominent electric dirt bike in their portfolio.
Market Cap: Approximately USD 3.1 billion.

⚡ Segway Inc. (Ninebot)

About: Segway, now owned by China-based Ninebot, has diversified into electric scooters, go-karts, and power sports vehicles.
Products: Segway Dirt eBike and Ninebot ATVs represent their foray into the power sports market.
Market Cap: Parent company Ninebot’s market cap is approximately USD 1.5 billion.

📈 Final Thoughts

The electric power sports market’s growth is being fueled by eco-conscious consumers, innovative companies, and supportive government initiatives. As leading players continue to innovate, we can expect higher adoption of electric ATVs, dirt bikes, and UTVs across both developed and emerging regions.

Source : https://www.towardsautomotive.com/insights/electric-power-sports-market