Press release
Personal Watercraft Market Projections: Expected to Reach USD 2.4 Billion by 2031 - Honda Motors Co. Ltd., BRP Inc., Yamaha Motors Co. Ltd., Kawasaki Motors Corp.
Personal Watercraft Market
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What is the projected growth rate (CAGR) of the Global Personal Watercraft market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Personal Watercraft Market reached USD 1.6 billion in 2022 and is expected to reach USD 2.4 billion by 2031, growing with a CAGR of 4.7% during the forecast period 2024-2031.
What is Personal Watercraft Market?
Personal watercraft (PWC) are small, motorized vessels designed for recreational use on water, allowing individuals or small groups to ride and navigate. Commonly known by brand names like Jet Ski, Sea-Doo, and WaveRunner, PWCs can accommodate one to four passengers, depending on the model. They are powered by jet propulsion systems, which provide a thrilling ride and the ability to maneuver swiftly. These watercraft are popular for various activities, including racing, touring, and water sports like wakeboarding and tubing. In addition to their recreational use, some models are designed for specific applications, such as rescue operations or fishing. Safety features like flotation devices, engine cut-off switches, and navigation lights are often included to enhance user safety while on the water. With advancements in technology, modern PWCs also come equipped with features such as Bluetooth connectivity, GPS navigation, and enhanced stability systems, making them more user-friendly and enjoyable for riders.
Key Players:
Profiles of some of the major players in the global Personal Watercraft market, which include:
Honda Motors Co. Ltd., BRP Inc., Yamaha Motors Co. Ltd., Kawasaki Motors Corp., Lampuga, Jiujiang Poseidon Motorboat Manufacturing Co. Ltd., BRO Inc, Arctic cat Inc, Polaris Industries and SLVH s.r.o.
Industry Development:
In 2022, Yamaha introduced the VX Limited HO personal watercraft, designed to enhance safety and convenience for riders. This model comes equipped with advanced safety features, ensuring a secure experience on the water. Additionally, it boasts a spacious storage system, allowing users to easily stow gear and essentials for a day of adventure. The VX Limited HO combines performance and practicality, making it an appealing choice for both recreational riders and families. With its innovative design and user-friendly features, this personal watercraft aims to elevate the overall boating experience.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Personal Watercraft market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Seating Capacity: Standing, One Seat Capacity, Two Seat Capacity, Three Seat Capacity.
By Watercraft Type: Recreational Watercraft, Muscle Watercraft, Luxury Watercraft, Performance Watercraft, Sports Watercraft.
By Hull: Plastics, Composites.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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