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Data Bridge Market Research’s latest report, “Personal Watercraft Market” provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. Personal Watercraft is the finest market research report, which is the result of a proficient team and their potential capabilities. In this market research report, data collection modules with large sample sizes are used to collect data and perform base year analysis. The market research data included in this report is analyzed and forecasted using market statistical and coherent models. This wide-ranging market analysis report puts light on many aspects related to Personal Watercraft industry and market. Market definition, market segmentation, competitive analysis, and research methodology are the major topics covered in the Winning Personal Watercraft business report.
Data Bridge Market Research analyses that the global personal watercraft market is expected to reach USD 2,464,428.62 thousand by 2030, growing at a CAGR of 4.8% during the forecast period. The global personal watercraft market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Global Personal Watercraft Market Drivers:
- Rapid growth in surface water sports championships and events
People across the globe have gained importance for such sports, which has further resulted in organizing many local and regional championships and events. Personal watercraft events and championships have been conducted every month in one or the other region or country. This has been clear that there is a rise in such events and sports activities, which has helped to drive the sales of the PWC across the globe.
- Increase in the number of adventure sports participation
Sports involve multiple motivations such as goal achievement, risk-taking, social motivation, escape from boredom, pushing personal boundaries, overcoming fear, and connection with the natural environment. Moreover, adventure sports experience the near-death experience, which helps accelerate the adrenaline and provides health benefits. This has helped to motivate people across the globe to adopt adventure sports. People across the globe are willing to adopt adventure sports due to various health benefits. This will help to increase interest in water sports activities. In accordance, this will help to drive the market.
Noteworthy Players Operating at Regional and Global Levels:
- BRP
- Yamaha Motor Co., Ltd.
- Kawasaki Heavy Industries, Ltd.
- NARKE
- Gibbs Sports Amphibians, Inc.
- BELASSI GmbH
- X Scream Inc
- Mackinnon Marine Technologies
- VQ yachts
- Krash Industries
- Nikola Corporation
- Strand Craft Design LLC.
- E-DOLPHIN
- Jiujiang Hison Motor Boat Manufacturing Co., Ltd
- Pro Watercraft
- Short Block Technologies, Inc.
- TAIGA MOTORS
Recent Developments
- In October 2021, BRP announced that the company had been recognized as Good Design Japan for design and innovations related to Sea-Doo. This recognition has ensured trust in the products and attracted new customers to accelerate revenue growth for the company.
- In November 2018, Kawasaki Heavy Industries, Ltd. announced an investment of USD 3 million in Motorcycle Mechanics Institute (MMI) education. This will include the development of personal watercraft models and help to support the training programs, which has further helped to accelerate the sales of personal watercraft.
Market Segmentation of Personal Watercraft Market:
Type
- Sit-Down Model
- Stand-Up Model
Components
- Engine
- Drive Shift
- Intake Grate
- Impeller
- Steering Nozzle
- Steering Control
- Speedometer
- Safety Switch
- Others
Propulsion Type
- IC Engines
- Electric
Hull Type
- Plastic
- Composite
Functionality
- Accessory Package
- Auto Trim
- Connext Screen
- Custom-Tuned Electric Trim
- Foot Chocks
- Optional Audio Speakers
- Ride
- Others
Series
- Rec Lite
- Recreation
- Freestyle
- Performance
- Luxury
Seat Model
- Double
- Single
- Triple
- Others
Distribution Channel
- Direct Channel
- Indirect Channel
End-User
- Rental
- Individual
- Government
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