Water Scooter Market Size to Reach US$ 2.7 Billion by 2028 | Industry CAGR of 9.3%

According to the latest report by IMARC Group, titled "Water Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global water scooter market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

Water scooter represents recreational watercraft motor scooters used for adventure activities and movement on the sea and ocean coasts. Some of the commonly available products include fuel-powered, battery-powered, deep propulsion vehicles (DPVs), water jet bikes, etc. These water scooter models consist of a handlebar, a narrow platform for the feet, and a hydrofoil that is propelled in a downward and upward motion to facilitate movement. They are extremely lightweight and help to improve the range of the diver for underwater explorations. Water scooter variants prove extremely useful for coast guards to ensure safety at the beaches. Consequently, they find widespread utilization across the globe.

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Water Scooter Market Trends and Drivers:

The expanding tourism industry, especially in developing countries, and the growing participation of the masses in numerous water sports and recreational activities, such as scuba diving and jet skiing, are primarily driving the water scooter market. In addition to this, the increasing product usage for underwater exploration is also positively influencing the global market. Furthermore, the escalating need for these scooters to conduct rescue operations in coastal areas and during floods is acting as another significant growth-inducing factor. Apart from this, the rising investments in research and development (R&D) activities to introduce energy-efficient and sustainable products with long-distance propulsion systems and the launch of battery-fitted water scooters by leading manufacturers integrated with high-definition or HD cameras and sound systems for underwater vlogging and film making are further stimulating the market growth. Moreover, the elevating product employment for multiple military operations is expected to fuel the water scooter market over the forecasted period.

Water Scooter Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

The report has segmented the market on the basis on region, vehicle type, propulsion type, application.

Breakup by Vehicle Type:
Under Water
Water Surface

Breakup by Propulsion Type:
Fuel Operated
Battery Operated

Breakup by Application:
Personal
Commercial
Military

Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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