The wide-reaching Personal Watercraft Market report helps to know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products. With the global market data provided in the report, it has become easy to achieve global perspective for an international business. The scope of This market research report can be expanded from market scenarios to comparative pricing between major players. The market report highlights the global key manufacturers to define, describe, and analyze the market competition landscape via SWOT analysis. In the trustworthy Personal Watercraft Marketing report, the complete and crystal clear outline of the market is penned down which is useful for many businesses.
With the finest analysis of the market, an all inclusive Personal Watercraft Market document puts forth overview of the market regarding type and applications, featuring the key business resources and key players. This market study also evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. For reaching towards the success at local, regional as well as international level, This high quality market research report is a definitive solution. The wide ranging Personal Watercraft business research report is an entire background analysis of the industry which includes an estimation of the parental market. Personal Watercraft market is expected to grow at a rate of 10.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on Personal Watercraft market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
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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Key Players Mentioned in the Personal Watercraft Market Research Report:
Yamaha Motor Co., Ltd., BRP, Honda Motor Co., Ltd., LAMPUGA GMBH, Kawasaki Motors Corp., U.S.A., Border Roads Organisation., Jiujiang Hison Motor Boat Manufacturing Co., Ltd, Polaris Inc., Arctic Cat Inc., SLVH s.r.o., Hubei Sanjiang Boats Science & Technology Co. Ltd, Bootswerft Meyer, Brunswick Corporation, Groupe Beneteau, Azimut Benetti S.p.A., Sunseeker, Marine Products Corporation, Inc., FERRETTI S.P.A, and MAHINDRA ODYSSEA.
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Personal Watercraft Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
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.
Opportunity
Increase in recognition of water sports in international sports
People across the globe and most countries are participating in international championships. This has created a demand for such adventurous water sports. The rise in demand for such sports will boost the sales of sports equipment and gear. Thus, an increase in recognition of water sports in international sports will attract people to adopt such sports and thus provide a great opportunity for market growth.
Restraint/Challenge
High costs associated with personal watercrafts
The personal watercraft costs are very high in terms of owning the jet skis. Moreover, it includes various costs such as maintenance, fuel, and many others. These factors will add up the expenses, which are expected to restrain the personal watercraft market.
TYPE
- SIT-DOWN MODEL
- STAND-UP MODEL
On the basis of type, the global personal watercraft market is segmented into sit-down model and stand-up model.
COMPONENTS
- ENGINE
- DRIVE SHIFT
- INTAKE GRATE
- IMPELLER
- STEERING NOZZLE
- STEERING CONTROL
- SPEEDOMETER
- SAFETY SWITCH
- OTHERS
On the basis of components, the global personal watercraft market is segmented into engine, drive shift, intake grate, impeller, steering nozzle, steering control, speedometer, safety switch and others.
PROPULSION TYPE
- IC ENGINES
- ELECTRIC
On the basis of propulsion type, the global personal watercraft market is segmented into IC engines and electric.
HULL TYPE
- PLASTIC
- COMPOSITE
On the basis of hull type, the global personal watercraft market is segmented into plastic and composite.
FUNCTIONALITY
- ACCESSORY PACKAGE
- AUTO TRIM
- CONNEXT SCREEN
- CUSTOM-TUNED ELECTRIC TRIM
- FOOT CHOCKS
- OPTIONAL AUDIO SPEAKERS
- RIDE
- OTHERS
On the basis of functionality, the global personal watercraft market is segmented into accessory package, auto trim, connext screen, custom-tuned electric TRIM, foot chocks, optional audio speakers, ride and others.
SERIES
- REC LITE
- RECREATION
- FREESTYLE
- PERFORMANCE
- LUXURY
On the basis of the series, the global personal watercraft market is segmented into REC lite, recreation, freestyle, performance and luxury.
SEAT MODEL
- DOUBLE
- SINGLE
- TRIPLE
- OTHERS
On the basis of the seat model, the global personal watercraft market is segmented into double, single, triple and others.
DISTRIBUTION CHANNEL
- DIRECT CHANNEL
- INDIRECT CHANNEL
On the basis of distribution channel, the global personal watercraft market is segmented into direct channel and indirect channel.
END-USER
- RENTAL
- INDIVIDUAL
- GOVERNMENT
On the basis of end-user, the global personal watercraft market is segmented into rental, individual and government.
Personal Watercraft Market Report Objectives
- Analyzing the size of the Personal Watercraft market on the basis of value and volume
- accurately calculating the market shares, consumption, and other vital factors of different segments of the Personal Watercraft market
- exploring key dynamics of the Personal Watercraft market
- highlighting important trends of the Personal Watercraft market in terms of production, revenue, and sales
- deeply profiling top players of the Personal Watercraft market and showing how they compete in the industry
- studying manufacturing processes and costs, product pricing, and various trends related to them
- showing the performance of different regions and countries in the Personal Watercraft market
- forecasting the market size and share of all segments, Regions, And The Market.
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-personal-watercraft-market
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.
Personal Watercraft Market Regional Analysis:
North America: (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)
Asia-Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)
Latin America: (Mexico, Brazil, Argentina, Colombia)
Middle East & Africa: (Turkey, Saudi Arabia, UAE)
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