Press release
Water Bikes Market Is Forecast To Expand At A High CAGR Of Close To 24% By 2031
There are less manufacturers who offer water bikes on a rental basis. End users who cannot afford to buy a water bike want use it on an infrequent basis, and therefore, hotels, resorts, amusement parks, and others rent water bikes on a per-hour basis. Big players are considerably expanding their sales and distribution networks and are expected to perform well over the coming years.
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Key Takeaways from Market Study
Hydrofoil water bikes are expected to remain the most attractive and likely to offer an absolute dollar opportunity of US$ 51.3 Mn during 2021 - 2031.
Based on ownership, rental water bikes are estimated to be the most lucrative, increasing 480 BPS by 2031.
Together, North America and Europe represented over 70% of global market share in 2020.
Based on product type, demand for electric water bikes is expected to grow 15X during the projection period.
The market in North America is expected to gain 940 BPS from 2021 to 2031, and offer an absolute dollar opportunity of US$ 92.9 Mn over the decade.
Key Segments Covered in Water Bikes Industry Research
By Technology
Pontoon
Hydrofoil
Surfboard
By Product Type
Manual Water Bikes
Electric Water Bikes
By Ownership
Personal Water Bikes
Rental Water Bikes
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Competition Landscape
According to the market research analysis, top manufacturers of water bikes are Schiller Waterbikes, Manta5, Hydrobikes Inc., Aurea Bike, SBK ENGINEERING SRL, Redsharkbikes, and Waterbike Italia S.R.L.
Market players are focusing on expansion, investments, delivery focus, portfolio expansion, and brand development.
Similarly, recent developments related to companies manufacturing water bikes have been tracked by the team at Fact.MR, which are available in the full report.
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Crucial insights in the Emulsifiers and Co-Emulsifiers Market research:
Underlying macro- and microeconomic factors impacting the growth of the Emulsifiers and Co-Emulsifiers Market Basic overview of the Emulsifiers and Co-Emulsifiers Market including market definition, classification, and applications.
Scrutinization of each Emulsifiers and Co-Emulsifiers Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Emulsifiers and Co-Emulsifiers Market across various industries.
Important regions and countries offering lucrative opportunities to Emulsifiers and Co-Emulsifiers Market stakeholders.
After reading the Water Bikes Market report, readers get insight into:
Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the Water Bikes Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential
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