Personal Watercraft Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Personal Watercraft Market Size
The global Personal Watercraft market was valued at US$ 1658.6 million in 2022 and is anticipated to reach US$ 2129.7 million by 2029, witnessing a CAGR of 4.9% during the forecast period 2023-2029.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-4D488/Global_Personal_Watercraft_Market_Size_Manufacturers_Supply_Chain_Sales_Channel_and_Clients_2021_2027

Personal Watercraft Market Trends
The Personal Watercraft (PWC) industry is developing due in large part to consumers' increased inclination for leisure expenditure and rising disposable income. People look for leisure activities as economies grow, and personal watercraft are becoming a popular option for people looking for an accessible and thrilling water experience. Growing prosperity makes people more likely to invest in personal watercraft for enjoyment and adventure, which drives the market's expansion. The growing tourist sector and the increased interest in and involvement in water activities are major factors driving the personal watercraft market. PWC demand is rising in tourist places with water-themed attractions as fans want for exhilarating underwater experiences.
Progress in technology and design is a major factor propelling the Personal Watercraft industry's expansion. Innovative features including lightweight materials, sophisticated control systems, and modern propulsion systems are being added by manufacturers to improve the overall performance, safety, and user experience of personal watercraft. These technical advancements draw in customers who are searching for cutting-edge goods, which promotes market growth. The market for personal watercraft is mostly driven by the growing popularity of recreational boating, particularly in coastal and waterfront areas. Personal watercraft are becoming more and more popular among boaters due to their adaptability, simplicity of use, and capacity to maneuver in a variety of water conditions. As customers realize that personal watercraft are a convenient and enjoyable addition to boating activities, the industry gains from this trend.
Personal Watercraft Market Share
With the United States and Canada being the two main contributors, personal watercraft sales are substantial in North America. There is a significant demand due to the region's wealthy population and great interest in water sports. A culture of outdoor activity, a large number of lakes, and long beaches all contribute to the popularity of personal watercraft. PWCs are not only popular for recreational purposes but are also accepted as useful and pleasurable means of water transportation in North America.

Get regional report
https://reports.valuates.com/request/regional/QYRE-Auto-4D488/Global_Personal_Watercraft_Market_Size_Manufacturers_Supply_Chain_Sales_Channel_and_Clients_2021_2027

Segment by Type
• Below 800 CC
• 800 CC-1000CC
• 1000CC-1500CC
• More than 1500CC

Segment by Application
• Home/Individual Use
• Commercial Use
• Others

By Company
BRP, Yamaha Motor, Kawasaki, KRASH Industries, Belassi, Sanjiang, HISON

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-4D488/global-personal-watercraft

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.