AT a CAGR 4.4%, Pallets Market is expected to  reach over USD 1.4 Bn by 2030

In Personal Watercraft Market with surge in the fatality and accident rates while participating in various water sports activities, the manufacturers of personal watercraft are focusing on offering personal watercrafts equipped with safety features such as sound signaling devices and multi-faceted features. Demand for personal watercraft will continue to increase bound to increasing participation in the water sports activities globally.

Increasing participation in various watersport activities improves the cardiovascular health and strengthens muscles. However, participation in water sports has led to significant increase in pollution. These factors are bound to impact the global market growth of personal watercraft significantly.

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Technological Advancements to Underscore Significant Growth Opportunities

While the rate of fatality and accidents continue to rev up during participation, manufacturers are increasingly concentrating on offering personal watercraft products equipped with enhanced features and technology. In order to offer personal watersports with safety features, the manufacturers of personal watersports are increasingly focusing on development of multi-faceted watercrafts. Moreover, the manufacturers are further concentrating on adopting enhanced technology such as nanocomposite technology to create hull materials, which reduces the weight of liner, deck and hull.

Moreover, adoption of the nanotechnology further allows the end users to control the material flow conditions during the process of molding. The manufacturers of the personal watercraft are also opting for plastic as an important ingredient to manufacture watercrafts in a cost-effective manner.

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Key Segments :  Personal Watercraft Market

Personal Watercraft Market By Region : North America, Latin America, Europe, Japan, APEJ, MEA

Personal Watercraft Market By Product Type : Stand Up, One Seater, Two Seater, Three Seater

Personal Watercraft Market By Engine Displacement : Below 800 CC, 800-1000 CC, 1000-1500 CC, Above 1500 CC

Personal Watercraft Market By Sales Channel : Independent Dealers, Brand Authorized Dealers, Brand Owned E-commerce, Third Party E-commerce

Three Seater Products to Represent a Leading Segment

With the increasing demand to participate in the water sports activities, demand for three seater watercrafts will continue remain high globally. On the basis of product type, the three seater segment is expected to witness robust revenue growth, recording a value of over US$ 79,000 Mn by the end of 2026. During the forecast period, the three seater product type segment is expected to witness the highest CAGR.

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