Smooth sailing: Industry dealers will continue to benefit from improving economic conditions
Revenue for the Motorcycle, Boat and ATV Dealers industry in Canada is poised for a modest expansion. The industry sells and repairs motorcycles, ATVs and personal watercraft. Since the industry caters primarily to consumers, it is heavily reliant on discretionary spending and national unemployment levels. While disposable income levels have risen overall, unemployment has contracted, slightly hindering revenue growth. Nonetheless, industry revenue is anticipated to rise 3.2% in 2023 alone, as growing consumer spending and confidence are expected to propel demand for industry products. Overall, industry revenue is projected to grow at a CAGR of 0.5% to $9.4 billion over the five years to 2023, as profit slides to 3.1% in 2023.
Operators in this industry sell or repair motorcycles, ATVs and personal watercraft. The industry also provides repair services and retails parts and accessories.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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