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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Personal Watercraft Market
Request Now !Personal watercraft are also known as jet skis or water motorbikes. A personal watercraft is propelled by a motor and is fully enclosed with a hull. Also, a personal watercraft is designed in a way that if capsized, it does not retain water. The person who operates the personal watercraft either sits or stands over it to control it. These personal watercraft are fast and can easily change course in the water. They are a popular alternative for recreational purposes and sports. While riding personal watercraft, operator follows same boating rules as of other powered vessels, but they are also subjected to follow specific rules, such as speed-related rules for riders or operator’s safety. There are various stringent regulations regarding emission from personal watercraft, which have led manufacturers to focus on developing personal watercraft with such technological advancements that cause less pollution. From the advent of personal watercraft, they are being equipped with two-stroke engines, but as technological advancements are taking place, personal watercraft now comes with state-of-the-art four-stroke engines.
Many original equipment manufacturers are present in North America, due to which this area holds a significant market share in the global personal watercraft market. While in Europe, increase in investment in sports and recreational activities fuel the overall growth of the market for personal watercraft.
As per the current scenario, it can be foreseen that the global personal watercraft market would grow exponentially over the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Watercraft Type, Seating Capacity Type, Hull Type, Engine Displacement, Distribution Channel, and Region |
Regions covered | North America (U.S., Canadaand Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA) |
Companies covered | Yahama Motors Co. Ltd., BRP Inc., Honda Motors Co. Ltd., Lampuga, Kawasaki Motors Corp., BRO Inc., Jiujiang Poseidon Motorboat Manufacturing Co. Ltd., Polaris Industries, Arctic cat Inc., SLVH s.r.o., Hubei Sanjiang Boats Science & Technology Co. Ltd, and Meyer Bootswerft. |
COVID-19 Scenario Analysis:
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Technological advancements such as introduction of quieter and cleaner personal watercraft, advent of multi-passenger watercraft, and four-stroke engines power promote growth of the global personal watercraft market. Moreover, change in lifestyles of people, improve in living standards, rise in disposable income, and increase in spending on leisure and sports recreational activities drive the global market for personal watercraft.
However, stringent government policies, emission norms, and safety regulations hamper the growth of the global personal watercraft market. Moreover, personal watercraft are not useful in transporting goods and passengers, limiting the market growth of personal watercraft to some extent. Increase in rate of fatality and accidents also slows down the growth of this market.
On the contrary, increase participation in sports and recreational activities helps in realizing stress, which can boost the sales of the global personal watercraft. Technological advancements and increase in investments in research & development also create growth opportunities for this market. Furthermore, due to safety and security reasons, the demand for personal watercraft would see a rise among marine or water police.
Key Segments Covered:
Segments | Sub segments |
Watercraft Type |
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Seating Capacity Type |
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Hull Type |
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Engine Displacement |
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Distribution Channel |
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Key Benefits of the Report:
Questions Answered in the Personal Watercraft Market Research Report:
Key Market Segments
Segments | Sub-segments |
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By Watercraft Type |
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By Seating Capacity Type |
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By Hull Type |
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By Engine Displacement |
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By Region |
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Key Market Players
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