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    Personal Watercraft Market | Covid-19 Impact Analysis

    Personal Watercraft Market | Covid-19 Impact Analysis

    Personal Watercraft Market | Covid-19 Impact Analysis
    Report code - SRCG102 Delivery - 2 Weeks
    Personal Watercraft Market Size, Share, Trend, Forecast, & Competitive Analysis

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    Impact of COVID-19 on Personal Watercraft Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Personal Watercraft Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Personal Watercraft Market Insights

    The global personal watercraft market offers a healthy growth opportunity and is likely to witness >4% CAGR during the forecast period of 2020 to 2025. The top brands in the global personal watercraft market are Sea Doo of the BRO Inc. and the FX Cruiser of the Yahama Motors. Recovery of the global economy and increasing disposable income are the major drivers of the personal watercrafts market.

     

    Personal Watercraft Market Analysis

    Personal Watercraft Market Analysis

    Personal Watercraft Market Share by Seating Capacity Type

    Personal watercrafts generally come in two varieties. One requires the riders to stand and another requires the riders to be in a seating position (up to three people). Personal watercraft with seating capacity of three people are widely preferred in the market. More than 80% of the personal watercraft sales in 2019 were from three seater watercrafts.

    Personal Watercraft Market Share by Watercraft Type

    Recreational and muscle watercrafts together accounted for more than 70% of the global personal watercraft demand in 2019 and are likely to remain the largest watercraft types during the forecast period.

    Personal Watercraft Market Share by Hull Type

    Composites are a material of choice for fabricating the key structural components of personal watercrafts across the globe. All watercraft manufacturers are heavily relying on the composites technology for fabricating their major structural components, such as hull and deck. Plastics are also used to build hulls for the low cost and low performance watercrafts.

    Regional Insights

    North America is expected to remain the largest market for personal watercrafts in the next five years. The US is the growth engine of the North American and the global personal watercraft market. Asia-Pacific is relatively smaller market but is likely to witness the fastest growth during the forecast period, driven by the high demand of power sports.

    Personal Watercraft Market Analysis

    Key Players

    All the major watercraft manufacturers have set up PWC manufacturing plant in North America to tap the market potential in the US. New product development, vast product portfolio, in-house component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.

    The supply chain of this market comprises raw material suppliers, watercraft component manufacturers, personal watercraft manufacturers, and distributors. The global personal watercraft market is highly consolidated with the presence of less than half a dozen players. The key personal watercraft manufacturers are-

    • BRP Inc.
    • Yahama Motors
    • Kawasaki Motors

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Forecast

     >4% CAGR during 2020-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Personal Watercraft Market Size, Share & Forecast by Watercraft Type:

    • Recreational Watercraft
    • Muscle Watercraft
    • Luxury Watercraft
    • Performance Watercraft
    • Sports Watercraft

    Personal Watercraft Market Size, Share & Forecast by Seating Capacity Type:

    • Standing
    • One Seat Capacity
    • Two Seat Capacity
    • Three Seat Capacity

    Personal Watercraft Market Size, Share & Forecast by Hull Type:

    • Plastics
    • Composites

     Personal Watercraft Market Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Personal Watercraft Market Forecast

    Report Features

    This report, from Stratview Research, studies the global personal watercraft market over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in 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, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    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 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    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 at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the CAGR of the personal watercraft market in the foreseeable years?

    Driven by a number of factors like Recovery of the global economy and increasing disposable income, the personal watercraft market is projected to grow at a CAGR of >4% during 2020-2025.

    Which country/region is expected to be the largest personal watercraft market?

    North America is expected to remain the largest market for personal watercrafts in the next five years. The US is the growth engine of the North American and the global personal watercraft market.

    Who are the key players in the personal watercraft market?

    BRP Inc., Yahama Motors, and Kawasaki Motors. are among the key players in the personal watercraft market.

    Which watercraft types are expected to remain the largest segments?

    Recreational and muscle watercrafts are likely to remain the largest watercraft types during the forecast period.

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