0
2019
Water Scooter Market

Water Scooter Market by Application (Personal, Commercial, and Military), Propulsion Type (Fuel Operated and Battery Operated), and Vehicle Type (Underwater and Abovewater): Global Opportunity Analysis and Industry Forecast, 2019-2026
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A05891
Pages: 191
Dec 2019 | 6723 Views
Author(s) : Abhay Singh , Supradip Baul
Tables: 93
Charts: 54
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Water Scooter Market Statistics - 2026

The global water scooter market was valued at $1.3 billion in 2018, and is projected to reach $2.2 billion by 2026, registering a CAGR of 7.2%. North America was the highest revenue contributor, accounting for $607.48 million in 2018, and is estimated to reach $1.08 billion by 2026, with a CAGR of 7.9%.

Factors such as the ability of water scooters to increase the diving range and rise in use of water scooters for underwater exploration are significantly contribute toward the growth of the global market. However, safety issues under water is expected to hamper the growth of the market. On the contrary, wider application of water scooters in rescue operations and their ease in handling are expected to create numerous opportunities for market expansion.

Water Scooter Market

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Water scooter are the personal watercrafts or the recreational watercrafts which consists a platform on which the rider drives the water scooter. They are used to carry out the adventures on the sea coasts during holidays or are used by the coast guards to ensure the safety and security at the beach coast. Water scooters mainly include above water scooters or the jet skis which propel above the water surface and the under water scooters which are also known as diver propulsion vehicles (DPVs). The diver propulsion vehicles (DPVs) are used in deep sea diving eventually increasing the diving range of the divers. Various products have been provided by companies related to water scooters such as different diver propulsion vehicles (DPVs) which propel the growth of water scooter market during the forecast period.

Water Scooter Market
By Application

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Commercial is projected as the most lucrative segments

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Increase in inclination of millennials toward water sporting and scuba diving has promoted top companies to develop different water scooters and DPVs, which acts as a key factor driving the growth of the global water scooter market share. In addition, upsurge in demand for efficient water scooters having long distance range propels the growth of the market across the globe. For instance, the ASIWO TURBO underwater scooter introduced in China is lightweight, portable, and powerful sea scooter that revolutionizes the way people dive, snorkel, and swim. Similar other developments carried out by other companies is anticipated to supplement the market growth during the forecast period.

Water Scooter Market
By Type

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Underwater is projected as the most lucrative segments

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The global water scooter market is segmented into application, propulsion type, vehicle type, and region. The applications covered in the study include personal, commercial, and military. Depending on propulsion type, the market is segregated into fuel operated and battery operated water scooters. On the basis of vehicle type, it is categorized into underwater and above water vehicles. The water scooter market analysis is done across North America, Europe, Asia-Pacific, and LAMEA.

Water Scooter Market
By Propulsion

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Battery Operated is projected as the most lucrative segments

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Key players operating in the global water scooter market analysis include Bombardier Recreational Products (BRP), DiverTug, Dive Xtras Inc., Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), Logic Dive Gear (subsidiary of Nellis Engineering Inc.), SUEX S.r.l., Sub-gravity, Torpedo Inc., TUSA (subsidiary of Tabata Co., Ltd.), and Yamaha Motor Co., Ltd.

Water Scooter Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

North America would exhibit the highest CAGR of 7.9% during 2019-2026.

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Ability of water scooters to increase the diving range

The diving range for divers increases depending upon the efficiency of the water scooters. Earlier, diving activities were restricted maximum up to depth of around 130 feet; however, with the introduction of diver propulsion vehicles, the range has exceeded from 170 feet to 350 feet. The introduction of efficient water scooters has increased their adoption for sports activities as well as for safety & security purpose. Thus, the ability of water scooters to increase the diving range is the key factor increasing the water scooter market size across the globe.

Easy for navigation

Water scooters such as jet skis and diver propulsion vehicles are easy to use for navigation, as they operate at high speed as well as they do not require training or license for their operation. This leads to increased deployment of water scooters for navigation, which acts as a key driver of the global market. In addition, improvement in performance and travelling range of water scooters has fueled their adoption for navigation purpose, which leads to the growth of market.

Safety issues related while riding

Safety issues related to water scooters negatively impacts the water scooter market growth. In addition, early discharge of battery and frequent fuel drainage in the middle of voyage are expected to hamper the sale of water scooters across the globe, thereby restraining the growth of the market. Moreover, increase in incidence of accidents and rise in risk of falling off of riders limits the market growth. For instance, in 2018 a total of 47 accidents were reported in Japan. Thus, alarming upsurge in safety issues associated with riding water scooters affects the growth of the market.

Wide application in rescue operations

Continuous developments in water scooters made by various top companies, which have increased their application in rescue operations. For instance, the Sea-Doo SAR is a search & rescue watercraft, which is ideal for search & rescue operations during floods or along rocky coasts. In addition, water scooters possess the potential to reach the accident spot within a shorter time span, thereby serving as an ideal option in rescue operations. Moreover, various water scooters have been launched, which aid in rescue operations. For instance, Seabob Rescue is a water scooter, which is lighter in weight and is powerful in operations and can be carried by a single lifeguard. Thus, water scooters majorly find their application in rescue operations, which is anticipated to fuel the growth of the water scooter market across the globe.

Key Benefits for Water Scooter Market:

  • This study presents the analytical depiction of the global market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall water scooter market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current water scooter market analysis is quantitatively done from 2019 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

  • BY APPLICATION
    • PERSONAL
    • COMMERCIAL
    • MILITARY
  • BY PROPULSION TYPE
    • Fuel Operated
    • Battery Operated
  • BY VEHICLE TYPE
    • UNDERWATER
    • ABOVEWATER
  • BY REGION
    • NORTH AMERICA
      • U.S
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • FRANCE
      • ITALY
      • UK
      • REST OF EUROPE
    • ASIA-PACIFIC
      • JAPAN
      • CHINA
      • INDIA
      • SOUTH KOREA
      • REST OF ASIA-PACIFIC
    • LAMEA
      • LATIN AMERICA
      • MIDDLE EAST
      • AFRICA


Key Market Players

  • Bombardier Recreational Products (BRP)
  • DiverTug
  • Dive Xtras Inc
  • Logic Dive Gear (subsidiary of Nellis Engnieering, Inc.)
  • Sub-Gravity
  • SUEX Srl
  • Torpedo Inc
  • TUSA (subsidiary of Tabata Co., Ltd.)
  • Yamaha Motor Co., Ltd.
  • Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.)
 

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Water scooter is a personal or recreational watercraft, which consists a platform on which the rider sits or stands. Water scooter majorly Jet Ski, which are operated above the water surface and underwater scooters, which are operated below the water surface. The underwater scooters are also known as diver propulsion vehicles (DPVs), which are used in deep sea diving. Water scooters have witnessed increased penetration in the U.S., Germany and China, owing to increase in inclination of millennials toward water sporting and deep sea diving. The water scooter market is growing at a faster pace, and is expected to lead the water sporting industry in the near future. This is attributed to increase in commercial applications of water scooters such as towing boats and rescue operations. This segment is anticipated to witness significant growth during the forecast period, owing to increase in adoption of water scooters. The personal and military applications of water scooters is also expected to witness significant growth in the coming years. This is attributed to increase in water sporting trends and rise in naval activities across the globe followed by continuous developments made by various companies.

Factors such as ability of water scooters to increase the diving range and increase in their use for underwater exploration are drive the growth of the global water scooter market. However, safety issues under water are anticipated to hamper the growth of the market. On the contrary, wide applications of water scooters in rescue operations and their ease of use are expected to create numerous opportunities for the growth of the water scooter market during the forecast period.

Among the analyzed regions, currently, North America is the highest revenue contributor, and is expected to maintain its lead during the forecast period, followed by Europe, Asia-Pacific, and LAMEA.

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FREQUENTLY ASKED QUESTIONS?

A. The new competitive developments in water scooter market includes the introduction of deep diving vehicles known as diver propulsion vehicles (DPVs) and above water scooters which have long range travelling distance as compared to the older water scooters.

A. Based on application, the commercial water scooters holds approximately 40 to 45% of the market share depending upon different commercial applications.

A. The report sample for water scooter market report can be obtained on demand from the website.

A. The potential customers influencing the water scooter market are those who are inclined towards water sporting as well as are interested towards deep sea diving and surfing over water surface.

A. The leading players in water scooter market includes Yamaha, Bombardier Recreational Products, Torpedo, Logic Dive Gear, Sub-gravity and others. These players adopted different strategies so as to hold major market share in the water scooter market.

A. The company profiles of the top ten players of the water scooter market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the water scooter industry as well as their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the global water scooter market analysis, North America accounts for major revenue contributor in 2018 and provides more business opportunities during the forecast period and is expected to see a lucrative growth during the forecast period.

A. The service providers of the water scooter industry are the different manufacturers offering a wider product range in water scooters and the local dealers who are selling water scooters to customers.

A. The key growth strategies adopted by the water scooter industry players includes innovations and developments in the existing products. These strategies opted by various industry players is leading to the growth of water scooter industry players.

A. Water scooters have different applications such as the use in personal applications, commercial applications and military applications. Along with this, some specific application includes scuba diving which require diver propulsion vehicles (DPVs) which are helpful in deep sea diving.

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