Personal Watercraft Market Industry Outlook, Size, Growth Factors, and Forecast To 2029
Personal Watercraft Market Report Overview
The research draws upon predictions from prominent organizations and market statistics. Within the Personal Watercraft Market research, there's an intricate examination at global, regional, and country levels, accompanied by a competitive outlook throughout the forecast timeframe and evaluations of individual company worth. The Personal Watercraft market report comprehensively addresses growth factors, existing market shares, technological advancements, applications, and the extent of regional presence, all projected until 2029.
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Personal Watercraft Market Value
The Global Personal Watercraft Market size is valued at approximately USD 1.8 billion in 2022 and the total market is expected to grow at a CAGR of 6.5% from 2023 to 2029, reaching nearly USD 2.8 billion
Personal Watercraft Market Report Scope and Research Methodology
The report concerning the Personal Watercraft market presents both qualitative and quantitative analyses of market development factors, constraints, opportunities, and challenges within the global market landscape. The Personal Watercraft market research was executed by segmenting the market into primary categories, further divided into various sub-segments. The report provides an analysis of the market on a regional basis, encompassing dynamics and the size of the Personal Watercraft market.
The research conducted by MMR in the Personal Watercraft industry integrates primary and secondary research methods, lending authenticity to the report. Employing a bottom-up approach, the estimation of both global and regional Personal Watercraft market sizes was undertaken. MMR's report emerges from a comprehensive study that utilized a range of methodologies including PESTLE, PORTER, and SWOT analyses. These models were employed to illuminate the vital financial considerations that Personal Watercraft market players should prioritize when formulating marketing strategies for both consumer and industrial markets.
Market Drivers-
Personal watercrafts are seeing a rise in popularity all around the world. The market is expected to develop as a result of a number of factors, including the popularity of outdoor recreation, rising health awareness of the advantages of exercise and being outside, and the influence of social media and popular culture. Since four-stroke engines are more effective and environmentally friendly than two-stroke engines, their development has also helped the market expand. The need for personal watercraft equipment has increased as a result of these technical improvements, which have also helped to maintain and draw in new clients.
Market Restraints-
Personal watercraft's cost of ownership and upkeep can act as a market restraint. Personal watercraft can be expensive to purchase initially, and continuing costs like fuel, insurance, storage, and maintenance can quickly pile up. Lack of skilled and experienced professionals are some of the major restraints for Personal Watercraft Market.
Personal Watercraft Market Regional Analysis
The Personal Watercraft market report encompasses an examination of various regions, including Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The research delves into the primary geographic landscape, offering analyses of segments and sub-segments within the report. The current status of each regional market is detailed within the report, encompassing aspects like market size, share, and volume.
Personal Watercraft Market Segmentation
by Type
1.Standing
2.Sitting
by Seating Capacity
1.One seat
2.Two seats
3.Three seats
by Hull Type
1. Plastics
2.Composites
by Engine Type
1.IC engine
2.Electric engine
by Engine Displacement
1.Below 800cc
2.800-1000cc
3.1000-1500 cc
4.Above 1500 cc
by End User
1.Rental
2.Individual
3. Government
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Personal Watercraft Key Players
1.BRP Inc. (Bombardier Recreational Products), (Canada)
2.Yamaha Motors (Japan)
3.Honda Motors (Japan)
4.Sea Doo (Canada)
5.Kawasaki Motors Corporation (Japan)
6. Polaris Industries (USA)
7.Jiujiang Poseidon Motorboat Manufacturing Co., Limited (China)
8.Arctic Cat Inc. (Germany)
9.Hubei Sanjiang Boats Science & Technology Co., Ltd (China)
10.HISON (China)
11. Lampuga (Germany)
12. Meyer Bootswerft (Germany)
13. SLVH s.r.o (Czech Republic)
14.Avon Marine (India)
15. Azimut Benetti group (Italy)
16. Baja Marine (USA)
17.Bavaria Yachtbau GmbH (Germany)
18.Brunswick Corporation (USA)
19. Chaparral Boats, Inc. (USA)
20.Farr Yacht Design, Ltd. (USA)
21.Ferretti S.P.A. (Italy)
22.Fountain Powerboats, Inc. (USA)
23. Pure Watercraft (USA)
24.Zauba Corp. (India)
Table of content for the Personal Watercraft Market includes:
Part 01: Executive Summary
Part 02: Scope of the Personal Watercraft Market Report
Part 03: Global Personal Watercraft Market Landscape
Part 04: Global Personal Watercraft Market Sizing
Part 05: Global Personal Watercraft Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions answered in the Personal Watercraft Market Report are:
- What is Personal Watercraft ?
- What is the expected CAGR of the Personal Watercraft market during the forecast period?
- Which factor is expected to create growth opportunities for the Personal Watercraft Market?
- What factors are affecting the Personal Watercraft market growth?
- Which region held the largest share of the global Personal Watercraft market?
- What key trends are expected to emerge in the Personal Watercraft market during the forecast?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their sub-segments
- Competitive Landscape - Leading key players and other prominent key players.
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