Personal Watercraft Market Growth Analysis | 2022-2027

Market Insights

“The personal watercraft market is expected to grow at a CAGR of 6.8% during 2022-2027 to reach USD 3.6 billion in 2027.”

Wish to get a free sample? Register Here

Market Dynamics

Introduction

A personal watercraft (PWC), often known as a water motorbike, is a type of watercraft with a hull driven by an engine. The watercraft is designed in such a way that it does not hold water if it capsizes. These are swift and can change direction in the water. Furthermore, it is controlled by a person who either stands or sits on the watercraft. It is gradually becoming a popular choice for sports and recreational activities.

Market Drivers

Manufacturers are concentrating on developing technologically advanced PWCs that result in less pollution. PWCs have been powered by two-stroke engines since their inception, but because of advancements in technology, they are now driven by state-of-the-art four-stroke engines.

The PWCs market has not witnessed any decline since 2011, proving the segment as one of the most attractive ones in the family of powerboats and power sports. Even in 2020 when most of the vehicle types registered an enormous decline, PWC came out as the high-growth segment and registered double-digit growth.

Want to have a closer look at this report? Click Here

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.

The following are the key players in the personal watercraft market (arranged alphabetically).

• Arctic Cat Inc. (Textron)
• BRP Inc.
• Kawasaki Motors Corp.
• Polaris Inc.
• Yamaha Motor Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

By Boat Type

“Recreational watercraft dominates the market during the forecast period.”

The personal watercraft market is segmented into recreational, muscle, luxury, performance, and sports. Recreational watercraft is estimated to remain the most dominant type during the forecast period. One of the primary factors driving the growth of personal watercraft is the increased engagement in water sports activities around the world.

The growing demand for personal watercraft among police organizations, such as maritime police, to ensure the safety and security of persons engaged in watersports as well as its significant utilization as a recreational and sporting alternative, are propelling the market growth.

Want to get more details about the segmentations? Register Here

By Seat Type

“The 3-seating capacity segment dominates the market during the forecast period.”

The market is segmented into stands, 1-seating capacity, 2-seating capacity, and 3-seating capacity. It is expected that the 3-seating capacity segment will dominate the market during the forecast period, owing to the large preference of the users for the same.

Regional Insights

“North America is the largest market for personal watercraft, accounting for over 80% market share in 2021.”

This is largely due to the presence of numerous original equipment manufacturers (OEMs) and the increasing demand for personal watercraft in the region for recreational and sports applications. Likewise, increasing investments in sports and recreational activities in several European countries are expected to drive the region’s watercraft market during the forecast period.

Know the high-growth countries in this report. Register Here

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s personal watercraft market realities and future market possibilities for the forecast period of 2022 to 2027. After a continuous interest in our personal watercraft market report from the industry stakeholders, we have tried to further accentuate our research scope to the personal watercraft market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The personal watercraft market is segmented into the following categories:

By Boat Type

• Recreational
• Muscle
• Luxury
• Performance
• Sports

By Seat Type

• Stand
• 1-Seating Capacity
• 2-Seating Capacity
• 3-Seating Capacity

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.