Personal Watercraft Market estimated to grow at 4.7% CAGR in the forecast period (2016-2021)

Summary:
The report on the Personal Watercraft Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2016-2021. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Personal Watercraft Market is expected to inflate at impressive CAGR of 4.7% by the forecast period (2016– 2021).

As per the report, the market is segmented by:
• By Watercraft Type: Recreational Watercraft, Muscle Watercraft, Luxury Watercraft, Performance Watercraft, Sports Watercraft
• By Seating Capacity Type: Standing, One Seat Capacity, Two Seat Capacity, Three Seat Capacity
• By Hull Type: Plastics, Composites
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/116/personal-watercraft-market.html

Highlights of the Report:

The global personal watercraft market offers a healthy growth opportunity and is likely to witness 4.7% CAGR during the forecast period of 2016 to 2021. The top brands in the global personal watercraft market are Sea Doo of the BRO Inc. and the FX Cruiser of the Yahama Motors. Recovery of the global economy and increasing disposable income are the major drivers of the personal watercrafts market.

Personal watercrafts generally come in two varieties. One requires the riders to stand and another requires the riders to be in a seating position (up to three people). Personal watercraft with seating capacity of three people are widely preferred in the market. More than 80% of the personal watercraft sales in 2015 were from three seater watercrafts.

Recreational and muscle watercrafts together accounted for more than 70% of the global personal watercraft demand in 2015 and are likely to remain the largest watercraft types during the forecast period.

Composites are a material of choice for fabricating the key structural components of personal watercrafts across the globe. All watercraft manufacturers are heavily relying on the composites technology for fabricating their major structural components, such as hull and deck. Plastics are also used to build hulls for the low cost and low performance watercrafts.

North America is expected to remain the largest market for personal watercrafts in the next five years. The US is the growth engine of the North American and the global personal watercraft market. Asia-Pacific is relatively smaller market but is likely to witness the fastest growth during the forecast period, driven by the high demand of power sports.

Key Players of the Market

The market is consolidated in nature with four major players Honda Motors. Co., Ltd., BRP Inc., Kawasaki Motors Corp., Yahama Motors Co., Ltd. holding together the major share in the market, with Honda Motors. Co., Ltd being the key player.

Features of the Report

The Report discusses about the working of the personal watercrafts, the various types, and the growth of the personal watercrafts in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth



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This release was published on openPR.