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    Canada Motorsport Products Market

    ID: MRFR/AM/42755-HCR
    200 Pages
    Sejal Akre
    September 2025

    Canada Motorsport Products Market Research Report By Racing Type (Rallying, Formula racing, Sports car racing, Touring car racing, Production car racing, Stock car racing, Others) - Forecast to 2035

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    Canada Motorsport Products Market Infographic
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    Canada Motorsport Products Market Summary

    The Canada Motorsport Products market is projected to experience substantial growth from 965.0 million USD in 2024 to 2347.8 million USD by 2035.

    Key Market Trends & Highlights

    Canada Motorsport Products Key Trends and Highlights

    • The market valuation is expected to increase from 965.0 million USD in 2024 to 2347.8 million USD by 2035.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 8.42 percent.
    • This growth trajectory indicates a robust expansion in consumer interest and investment in motorsport products across Canada.
    • Growing adoption of advanced automotive technologies due to increasing consumer demand for performance enhancements is a major market driver.

    Market Size & Forecast

    2024 Market Size 965.0 (USD Million)
    2035 Market Size 2347.8 (USD Million)
    CAGR (2025-2035) 8.42%

    Major Players

    KTM AG, ASV Inventions, OHLINS, Alpinestars, MOTOD Racing, RPM International, SPARCO, Canadian Tire Corporation, SIDIBell Helmets, Arai Helmet, HJC Helmets, Dynojet Research, Fox Racing

    Canada Motorsport Products Market Trends

    The Canada Motorsport Products Market has been significantly influenced by the increasing popularity of motorsport activities across the country. This trend is fueled by a growing number of motorsport events, such as the Canadian Grand Prix, which attract diverse audiences and encourage local participation in various racing formats. 

    Additionally, advancements in automotive technology have driven demand for high-performance parts and accessories, making them more attractive to both amateur and professional racers. The Canadian government has shown support for the motorsport industry, recognizing its potential for economic development and tourism, which further boosts market interest.

    Market Segment Insights

    Motorsport Products Market Racing Type Insights

    The Canada Motorsport Products Market, particularly focusing on the Racing Type segment, demonstrates a significant breadth of activities reflecting the diverse interests of motorsport enthusiasts across the region. Rallying stands as one of the types that captivate audiences with its off-road challenges, famed for demanding skill and precision in varying terrains, making it a potent audience draw. Meanwhile, Formula racing showcases high-speed competitive racing on custom-designed tracks, engaging fans with its unique engineering and innovation and contributing to the advancement of automotive technology, which is pivotal in Canada's automotive industry.

    Sports car racing features high-performance vehicles that appeal to luxury car enthusiasts, often influencing consumer trends and driving sales in both the motorsport and consumer car markets. Touring car racing, with its focus on production cars, connects professional racing with everyday automotive experiences, promoting brand loyalty as manufacturers leverage involvement in this segment to enhance consumer perception. Production car racing involves vehicles modified from standard models, showcasing performance enhancements and providing affordable entry points for aspiring racers, thereby contributing to grassroots motorsport culture.

    Stock car racing, a staple in North American motorsports, captivates audiences through its exhilarating events and series, further fostering a community of loyal fans in Canada. The remaining categories represented under 'Others' include various emerging and niche motorsport activities, each contributing uniquely to the vibrancy of the racing scene. Overall, the segmentation within the Racing Type reflects the multifaceted nature of motorsport, with each type attracting different demographics of fans and participants, ultimately driving the Canada Motorsport Products Market revenue and market growth while shaping racing culture across the nation.

    Factors such as increasing investment in motorsport infrastructure and the pursuit of new technologies continue to foster a competitive spirit and innovation in the industry. Additionally, government support and growing youth engagement in motorsport initiatives underscore the segment's potential for long-term sustainability and expansion within Canada's dynamic automotive landscape. With a solid base of motorsport enthusiasts, the market statistics reveal the growth prospects that lie ahead for the Racing Type segment, resulting in opportunities for brands and stakeholders to engage with consumers across various platforms and experiences related to motorsport.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Canada Motorsport Products Market Research Report — Global Forecast till 2035

    Key Players and Competitive Insights

    The Canada Motorsport Products Market is characterized by a dynamic landscape where competition is fueled by the growing enthusiasm for motorsport among consumers and a continuous push for innovation within the industry. The market consists of a range of products, including vehicles, parts, accessories, and services tailored for various types of motorsport activities. Various companies are vying for market share, leveraging advances in technology and catering to the specific needs of motorsport enthusiasts. Factors such as brand loyalty, product quality, and pricing strategy play a significant role in determining the competitive edge among key players in this market.

    Additionally, the competitive insights reveal that companies are increasingly focusing on enhancing customer engagement and expanding their portfolios to attract a larger consumer base.

    KTM AG has established a notable presence in the Canada Motorsport Products Market, becoming synonymous with high-performance motorcycles and off-road vehicles. The company leverages its strengths in design and innovation, offering products that are tailored to meet the demands of both amateur and professional motorsport enthusiasts. KTM AG focuses on crafting lightweight and powerful motocross bikes that are conducive to competitive racing. Their strong commitment to research and development ensures that they consistently improve their product offerings, making them highly competitive in the region.

    Furthermore, the brand's reputation and proven track record in various competitions contribute significantly to its appeal, allowing it to maintain a loyal customer base and effectively compete against other brands within Canada.

    ASV Inventions operates prominently within the Canada Motorsport Products Market and is known for its innovative approach to manufacturing high-quality motorcycle parts and accessories. The company specializes in products such as brake and clutch lever systems, which are essential for enhancing a rider's performance and control. ASV Inventions has successfully positioned itself in this competitive market by concentrating on the durability and reliability of its products, providing a strong value proposition for both racers and recreational riders alike. The company's strengths lie in its commitment to quality engineering, continuous innovation, and responsiveness to customer feedback.

    Additionally, ASV Inventions has bolstered its market presence through strategic partnerships and collaborations aimed at enhancing its product range and distribution channels in Canada, ensuring that it remains a key player in the motorsport sector.

    Key Companies in the Canada Motorsport Products Market market include

    Industry Developments

    Recent developments in the Canada Motorsport Products Industry reflect significant activity and growth among key companies. KTM AG has been expanding its dealer network in Canada, aiming to enhance its customer outreach and product availability, showcasing a trend of increasing brand engagement. ASV Inventions has introduced new innovations in motorcycle accessories that cater to the growing demands of safety and performance among Canadian riders. In September 2023, Canadian Tire Corporation executed a strategic partnership with SPARCO, enhancing its offerings in motorsport apparel and accessories, which aligns with the increased consumer interest in motorsport activities.

    Notably, the market has witnessed a rise in investment, with Bell Helmets and Arai Helmet increasing their production capacities to meet the burgeoning demand for premium safety gear. The valuation of companies like HJC Helmets and Fox Racing continues to trend positively, supporting the market's overall growth. Over the past two years, the Canadian motorsport segment has seen a shift toward electric and sustainable products, influencing leading brands like Dynojet Research to innovate their solutions. These ongoing developments underscore the dynamic nature of the motorsport products Industry in Canada.

    Market Segmentation

    Motorsport Products Racing Type Outlook

    • Rallying
    • Formula racing
    • Sport car racing
    • Touring car racing
    • Production car racing
    • Stock car racing
    • Others

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 958.17 (USD Million)
    MARKET SIZE 2024 965.05 (USD Million)
    MARKET SIZE 2035 2347.8 (USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.418% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED KTM AG, ASV Inventions, OHLINS, Alpinestars, MOTOD Racing, RPM International, SPARCO, Canadian Tire Corporation, SIDI, Bell Helmets, Arai Helmet, HJC Helmets, Dynojet Research, Fox Racing
    SEGMENTS COVERED Racing Type
    KEY MARKET OPPORTUNITIES Growing electric vehicle segment, Increased interest in recreational motorsports, Expansion of online sales channels, Rising consumer disposable income, Development of sustainable motorsport products
    KEY MARKET DYNAMICS rising popularity of motorsports, increasing disposable income, demand for performance products, support for local racing events, advancements in technology
    COUNTRIES COVERED Canada

    FAQs

    What is the expected market size of the Canada Motorsport Products Market in 2024?

    The Canada Motorsport Products Market is expected to be valued at 965.05 million USD in 2024.

    What will be the market size of the Canada Motorsport Products Market by 2035?

    By 2035, the market size of the Canada Motorsport Products Market is projected to reach 2347.8 million USD.

    What is the expected CAGR for the Canada Motorsport Products Market from 2025 to 2035?

    The expected CAGR for the Canada Motorsport Products Market from 2025 to 2035 is 8.418%.

    Which segment of the Canada Motorsport Products Market is expected to have the highest value in 2035?

    The Formula racing segment is expected to have the highest value, reaching 600.0 million USD by 2035.

    What is the market value for Rallying in the Canada Motorsport Products Market in 2024?

    The market value for Rallying in 2024 is estimated to be 150.0 million USD.

    Who are the key players in the Canada Motorsport Products Market?

    Key players in the market include KTM AG, ASV Inventions, OHLINS, Alpinestars, and Bell Helmets.

    What will the market value of Production car racing be in 2035?

    The market value for Production car racing is projected to be 447.8 million USD by 2035.

    What is the value of the Sport car racing segment in the Canada Motorsport Products Market in 2024?

    The Sport car racing segment is valued at 200.0 million USD in 2024.

    How much is the Touring car racing segment expected to be valued in 2035?

    The Touring car racing segment is expected to be valued at 420.0 million USD in 2035.

    What are the growth opportunities in the Canada Motorsport Products Market?

    Growth opportunities in the market are driven by increasing investments in motorsport events and the rising popularity of racing as a sport.

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