The Global Personal Watercraft Market size is valued at approximately USD 1.8 Bn in 2022, and the total market is expected to grow at a CAGR of 6.5 Percent from 2023 to 2029, reaching nearly USD 2.8 Bn.

Personal Watercraft Market Report Scope and Research Methodology:

The Global Personal Watercraft Market report covers the production, sale, and distribution of individual-use watercraft designed for recreational and sports use. These small, motorized watercraft, also known as jet skis, wave runners, or sea-doos, are propelled by a jet of water ejected from the back of the craft. The report encompasses the market for personal watercraft, related accessories such as safety gear, clothing, and equipment, as well as personal watercraft rental, leasing, repair, and maintenance services.

The research for this report was conducted using a combination of primary and secondary sources. Extensive data collection, analysis, and validation methods were employed to ensure accuracy and reliability. Primary sources included interviews with industry experts, manufacturers, and distributors, while secondary sources comprised published reports, articles, and reputable databases.

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What are Personal Watercraft Market Dynamics:

The personal watercraft market is witnessing a positive trend globally, fueled by various factors such as the growing popularity of outdoor recreational activities, increased awareness of the health benefits of exercise and nature engagement, and the influence of social media and popular culture. The development of efficient and environmentally friendly four-stroke engines has also contributed to market growth, attracting new customers and retaining existing ones. The Asia-Pacific region, especially China and India, with their expanding tourism industries and rising standards of living, is a significant contributor to the sharp rise in personal watercraft sales. Europe's increasing investment in water sports and leisure activities also predicts positive growth.
The cost of ownership and upkeep of personal watercraft can act as a restraint on the market. Initial purchase costs, as well as ongoing expenses like fuel, insurance, storage, and maintenance, can accumulate and deter potential buyers. Additionally, the lack of skilled and experienced professionals in some regions poses a challenge to market growth.

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Personal Watercraft Market Regional Insights:

Over the past ten years, the personal watercraft market has steadily grown in North America, with the largest market share in 2019. Rising disposable income, increasing interest in outdoor recreational activities, and technological advancements have made PWCs more accessible and safer. The United States is the largest market in North America, with California, Florida, and Texas being the top three states in terms of sales. Canada and Mexico have also experienced an increase in demand for PWCs.
The Asia Pacific personal watercraft market is expected to grow at a CAGR of over 7 percent from 2022 to 2029. China leads the market due to rising disposable income and increased interest in water sports. India, South Korea, and Japan are also significant markets, driven by the popularity of leisure activities. Trends in the region include a rising demand for environmentally friendly PWCs and personalized options.

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What is Personal Watercraft Market Segmentation:

By Type:

1.Standing
2.Sitting

By Seating Capacity:

1.One seat
2.Two seats
3.Three seats

By Hull Type:

1. Plastics
2.Composites

By Engine Type:

1.IC engine
2.Electric engine

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By Engine Displacement:

1.Below 800cc
2.800-1000cc
3.1000-1500 cc
4.Above 1500 cc

By End User:

1.Rental
2.Individual
3. Government

By Watercraft Type:

1.Recreational
2.Muscle
3.Luxury
4.Performance
5.Sports

By Sales Channel:

1.Independent dealers
2.Brand authorised dealer
3.Brand owned e-commerce
4.Third party e-commerce

By Application:

1.Home/individual use
2.Commercial use
3.Others

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Who are Personal Watercraft Market Key Players:

1.BRP Inc. (Bombardier Recreational Products), (Canada)
2.Yamaha Motors (Japan)
3.Honda Motors (Japan)
4.Sea Doo (Canada)
5.Kawasaki Motors Corporation (Japan)
6. Polaris Industries (USA)
7.Jiujiang Poseidon Motorboat Manufacturing Co., Limited (China)
8.Arctic Cat Inc. (Germany)
9.Hubei Sanjiang Boats Science & Technology Co., Ltd (China)
10.HISON (China)
11. Lampuga (Germany)
12. Meyer Bootswerft (Germany)
13. SLVH s.r.o (Czech Republic)
14.Avon Marine (India)
15. Azimut Benetti group (Italy)
16. Baja Marine (USA)
17.Bavaria Yachtbau GmbH (Germany)
18.Brunswick Corporation (USA)
19. Chaparral Boats, Inc. (USA)
20.Farr Yacht Design, Ltd. (USA)
21.Ferretti S.P.A. (Italy)
22.Fountain Powerboats, Inc. (USA)
23. Pure Watercraft (USA)
24.Zauba Corp. (India)

Table of content for the Personal Watercraft Market includes:

1. Global Personal Watercraft: Research Methodology

2. Global Personal Watercraft Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Personal Watercraft Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Personal Watercraft Market Segmentation

• Global Market, by Type (2022-2029)
• Global Market, by Seating Capacity (2022-2029)
• Global Market, by Hull Type (2022-2029)
• Global Market, by Engine Type (2022-2029)
• Global Market, by Engine Displacement (2022-2029)
• Global Market, by End User (2022-2029)
• Global Market, by Watercraft Type (2022-2029)
• Global Market, by Sales Channel (2022-2029)
• Global Market, by Application (2022-2029)

5. Regional Personal Watercraft Market (2022-2029)

• Regional Market, by Type (2022-2029)
• Regional Market, by Seating Capacity (2022-2029)
• Regional Market, by Hull Type (2022-2029)
• Regional Market, by Engine Type (2022-2029)
• Regional Market, by Engine Displacement (2022-2029)
• Regional Market, by End User (2022-2029)
• Regional Market, by Watercraft Type (2022-2029)
• Regional Market, by Sales Channel (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Country (2022-2029)

6. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Type, Seating Capacity, Hull Type, Engine Type, Engine Displacement, End User, Watercraft Type, Sales Channel and Application
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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