Market Insights
One sector of the watersports world that uses composites extensively is personal watercraft. Almost all major personal watercraft manufacturers are heavily relying on the composite materials for their structural applications. Composites offer many advantages, such as lightweight, superior strength, higher durability, and ability to withstand extreme temperature.
The composites market in the global personal watercrafts industry offers a healthy growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Healthy growth in personal watercraft sales, driven mainly by increasing demand in the North American market and increasing use of composites in the personal watercrafts are the key growth drivers of the composites in the global personal watercrafts industry.
Segments' Analysis
Market Share by Manufacturing Process Type
LFI and SMC are expected to remain the dominant manufacturing processes for composite parts fabrication in the personal watercrafts industry. Glass fiber is widely used in most of the composite applications in the personal watercrafts industry.
Regional Insights
North America is expected to remain the largest market for composites in the global personal watercrafts industry due to high demand of watersports equipment in the USA and Canada.
Market Scope & Segmentation
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Research Scope
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Trend & Forecast Period
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2014-2025
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Regions Covered
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North America, Europe, Asia-Pacific, Rest of the World
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Forecast
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>5% CAGR during 2020-2025
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Figures & Tables
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>150
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Customization
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Up to 10% customization available free of cost
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The market is segmented in the following ways:
Composites Market in the Personal Watercrafts (PWC) Industry Size, Share & Forecast by Watercraft Type:
- Recreational Watercrafts
- Muscle Watercrafts
- Luxury Watercrafts
- Performance Watercrafts
- Sports Watercrafts
Composites Market in the Personal Watercrafts (PWC) Industry Size, Share & Forecast by Application Type:
Composites Market in the Personal Watercrafts (PWC) Industry Size, Share & Forecast by Manufacturing Process Type:
- Long Fiber Injection Molding (LFI) Process
- Sheet Molding Compound (SMC) Process
- Spray Layup Process
- Others
Composites Market in the Personal Watercrafts (PWC) Industry Size, Share & Forecast by Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Key Players
The supply chain of this market comprises raw material manufacturers, composite part manufacturers, and personal watercrafts OEMs.
The key raw material suppliers are-
- Owens Corning
- PPG Fiberglass
- Ashland
and key personal watercrafts manufacturers are-
- Yahama Motors
- BRP Inc
- Honda Motors
- Kawasaki Motors.
The composite products for personal watercrafts, such as hull decks are produced by independent manufacturers as well as personal watercraft OEMs. Many personal watercraft manufacturers have in-house composites manufacturing capacity, such as Yahama, Kawasaki, and BRP.
The key composite part manufactures in the global personal watercrafts industry are-
- Yahama Motors
- Roski Composites
- Kawasaki Motors
- BRP Inc.
- Honda Motors.
New product development and upgradation of existing technologies are key strategies adopted by the key players to gain competitive edge in the market.
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.
Report Features
This report, from Stratview Research, studies the composites opportunity in the global personal watercrafts 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 (upto 3)
- SWOT analysis of key players (upto 3)
Geographic Analysis
- Breakdown the current North America composites market (2015) in to USA, Canada, and Mexico
Regional Segmentation
- Current market segmentation of any one of the regions by application type
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at sales@stratviewresearch.com.
