Press release
Water Scooter Market to Touch US$ 2.5 Billion by 2027, at a CAGR of 9.5%
IMARC Group has recently released a new research study titled "Water Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.What are the growth prospects of the water scooter industry?
The global water scooter market reached a value of US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 9.5% during 2022-2027.
What is a water scooter?
A water scooter represents a recreational watercraft motor scooter that is used for movement and adventure activities on the sea and ocean coasts. Some of the commonly available variants in the market include deep propulsion vehicles (DPVs) and water jet bikes. They are generally operated via fuel or battery-powered systems.
Jet bikes run over the water, and DPVs are utilized for deep-sea diving. They comprise a narrow platform for the feet, a handlebar, and a hydrofoil that is propelled in an upward and downward motion to facilitate movement. In line with this, water scooters are used by coast guards to ensure safety at the beaches. They are lightweight and assist in improving the range of the diver for underwater exploration.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the water scooter market?
The escalating demand for adventure sports and recreational activities is primarily driving the water scooter market. Additionally, the growing expenditure capacities of the consumers and the expanding tourism industry are further catalyzing the market growth. Besides this, the widespread adoption of water scooters for conducting rescue operations in coastal areas and during floods is acting as another significant growth-inducing factor.
Moreover, the development of battery-fitted water scooters that are integrated with high-definition (HD) cameras and sound systems for underwater filmmaking and vlogging is also positively influencing the global market. Apart from this, they are utilized for military operations, which is augmenting the market growth. Furthermore, the introduction of energy-efficient variants with long-distance propulsion systems by leading manufacturers is anticipated to fuel the water scooter market over the forecasted period.
Get the table of contents with all detailed information: https://www.imarcgroup.com/water-scooter-market
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
Under Water
Water Surface
Breakup by Propulsion Type:
Fuel Operated
Battery Operated
Breakup by Application:
Personal
Commercial
Military
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
Bombardier Recreational Products Inc
Dive Xtras Inc
Divertug
Kawasaki Heavy Industries Ltd
Nellis Engineering Inc
SubGravity
Suex Srl
Torpedo Inc
TUSA Inc
Yamaha Motor Co. Ltd
Related Report by IMARC Group:
China Electric Vehicle Battery Market Report: https://www.imarcgroup.com/china-electric-vehicle-battery-market
India Electric Vehicle Battery Market Report: https://www.imarcgroup.com/india-electric-vehicle-battery-market
India Two Wheeler Market Report: https://www.imarcgroup.com/india-two-wheeler-market
United States Tire Market Report: https://www.imarcgroup.com/united-states-tire-market
Automotive Sunroof Market Report: https://www.imarcgroup.com/automotive-sunroof-market
Quadricycle and Tricycle Market Report: https://www.imarcgroup.com/quadricycle-tricycle-market
Online Car Buying Market Report: https://www.imarcgroup.com/online-car-buying-market
Waterjet Cutting Machine Market Report: https://www.imarcgroup.com/waterjet-cutting-machine-market
IMARC Services Private Limited.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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