PERSONAL WATERCRAFT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Personal watercraft, also known as sea-doos or wave runners, are marine vehicles that are used recreationally for water sports activities. These work like motorcycles of the sea, providing the thrill of speed and acceleration. Personal watercraft comes with just enough seating space for 1-3 riders and requires minimal supervision for operation. Their nimbleness and maneuverability makes them a popular choice for activities like slalom riding and dock jumping. Technological advances have made modern personal watercraft easier and safer to operate, thus, attracting more first-time buyers into the market.
Market Dynamics:
Global personal watercraft market growth is driven by rising recreational boating and watersports activities. Growing interest of young adults in thrilling outdoor sports coupled with rising disposable incomes can drive the market growth. However, stringent safety regulations impose certain restraints on deployment of personal watercrafts in mass recreational activities. High insurance costs for personal watercraft can also hamper the market growth. Meanwhile, development of eco-friendly personal watercraft with reduced emissions can offer lucrative growth opportunities. Introduction of electric personal watercraft could accelerate their adoption in the near future.
Key features of the study:
- This report provides in-depth analysis of the global personal watercraft market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global personal watercraft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Avon Marine, BRP Inc. (Bombardier Recreational Products), Gibbs Sports Amphibians, Inc., HISON, Honda Motors, Jiujiang Poseidon Motorboat Manufacturing Co., Limited, Kawasaki Motors Corporation, Lampuga, Meyer Bootswerft, NARKE, Polaris Industries, Sea Doo, SLVH s.r.o, Yamaha Motors, and Zodiac Nautic
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global personal watercraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global personal watercraft market
Detailed Segmentation-
Detailed Segmentation-
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