Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 25

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 25
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://www.arizton.com/market-reports/us-tonneau-covers-market                                                                                                                                                                                          |
| 8.  | IBIS World. Per Capita Disposable Income. 2023. Retrieved from https://www.ibisworld.com/us/bed/per-capita-disposable-income/33/#:~:text=Following%20the%20ending%20of%20government,when%20it%20may%20potentially%20hit.                                                                                                                                   |
| 9.  | Bureau of Labor Statistics. The Employment Situation – February 2024. Retrieved from https://www.bls.gov/news.release/pdf/empsit.pdf                                                                                                                                                                                                                       |
| 10. | Federal Reserve Board. Summary of Economic Projections. 2023. Retrieved from https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20231213.pdf.                                                                                                                                                                                                 |
| 11. | SEMA. State of the Industry Report 2022 Fall. 2022. Retrieved from www.sema.org                                                                                                                                                                                                                                                                            |

Portable Power Station Market

Compared to the Tonneau Cover Market, the Portable
Power Station Market is much younger and globalized. Gas and diesel generators have long been used by consumers to generate electricity
when they could not rely on the grid, whether it be due to grid damage or the lack of grid in remote areas. Unlike such generators, portable
power stations do not generate electricity themselves, but they too can be used to provide electricity during times of grid unreliability.
These portable power stations are often charged by the grid via home outlets or independent of the grid via consumers’ vehicles
or solar panels.

The Portable Power Station Market is large and growing.
At a compound annual growth rate of 3.90% between 2023 and 2032, the global Portable Power Station market size is currently valued at
$4.49 billion and is expected to grow to $6.13 billion by 2032.1 Within this global market,
the largest regional market is the North American market with the USA alone constituting $1.28 billion of the current market share and
having a compound annual growth rate of 3.8%.1 The segments within the North American
market with the largest market share and highest compound annual growth rates are power stations utilizing lithium-ion batteries and those
used for off-grid power applications,2 which matches the COR system’s battery type
as well as intended usage. Power stations with capacities equal to or greater than 150