Delvens has released a new research study titled " Personal Watercraft Market” analysis by the following subjects: Industry size, share, growth, segmentation, manufacturers and innovations, major trends, market drivers, restraints, regulations, distribution methods, opportunities, strategies, prospective road maps, and yearly forecast till 2030′. The purpose of the market research study is to thoroughly investigate the industry in order to gain knowledge of the industry and its economic potential. report also looks at SWOT and Porter's Five Forces Analysis, as well as crucial statistics like expenditure, costs, revenue, and end-clients.
Personal Watercraft Market size was estimated at USD 2.81 billion in 2023 and is projected to reach USD 3.98 billion in 2030 at a CAGR of 5.12% during the forecast period 2023-2030.
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The desire for water sports and leisure activities has led to a considerable increase in the popularity of personal watercraft. Personal watercraft are also more widely available and simpler to operate, which has increased demand for them. The players are providing highly dependable and attractively made devices with user-friendly controls and intuitive handling to entice customers toward increasing adoption.
Additionally, agreements and collaborations between tour operators and manufacturers of personal watercraft have considerably boosted the market for these vehicles across the world. The market for personal watercraft is being driven by watercraft manufacturers and tour companies working together to capitalize on the rising popularity of water-based leisure activities.
Personal Watercraft Market Top Key Competitors:
· AquaXtreme
· Arctic cat Inc.
· BRP Inc.
· Castoldi S.r.L.
· Cayago AG
· Gibbs Sports Amphibians Inc.
· Honda Motors. Co., Ltd.
· Hubei Sanjiang Boats Science & Technology Co., Ltd
· Jiujiang Poseidon Motorboat Manufacturing Co., Ltd.
· Kawasaki Motors Corp.
· Krash Industries
· Kymco
· Lampuga
· Meyer Bootswerft
· Polaris Industries
· Quadrofoil d.o.o.
· Sea-Doo
· SLVH s.r.o.
· Vortex Jet Boats
· Yamaha Motors Co., Ltd.
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A Personal Watercraft (PWC) is a boat that is designed to be operated by a person sitting, standing, or kneeling on the boat rather than the more traditional position of sitting or standing inside the boat. It has an inboard motor that powers a water jet pump as its primary source of motive power.
Personal Watercraft Market Segmentations:
By Product Type
· One seat
· Two seat
· Three seat
· Standing
By End-Use
· Sports
· Luxury
· Recreational
By Engine Displacement
· Below 800 CC
· 800-1000 CC
· 1000-1500 CC
· Above 1500 CC
By Sales Channel
· Hypermarkets/Supermarkets
· Independent Dealers
· Brand Authorized Dealers
· Brand Owned E-commerce
· Third Party E-commerce
· Others
Recent Developments:
· In August 2023, Taiga Motors has officially launched the Orca Performance. This redesigned new model features the same specs as its predecessor, Orca Electric Watercraft, but at a more consumer-friendly price.
· In June 2023, Bosch announced that it is currently developing new drive for X Shore 1 electric boat. Bosch already supplies the 125kW motor in the X Shore 1, which was launched in February as a price attractive option for people wanting to get into electric boats. The drive train for the ‘1’ also incorporates the inverter and gearbox developed and manufactured by Bosch Rexroth.
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In addition to the market data for the Personal Watercraft Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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