Personal Watercraft Market is Forecasted to Reach US$ 3.6 Billion in 2026, Says Stratview Research

The global personal watercraft market is projected to witness a growth rate of 6.8% annually from 2022 to 2027, with an anticipated size of US$ 3.6 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global personal watercraft market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2027: US$ 3.6 billion

Growth (CAGR): 6.8% during 2022-2027

Leading Boat Type: Recreational watercraft

Leading Seat Type: 3-seating

Leading Region: North America

Forecast Period: 2022-2027

Trend Period: 2016-2020

Base Year: 2021

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Personal Watercraft Market:

The global personal watercraft market is segmented based on Boat type, Seat type and region.

Based on Boat type –

• 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.

Based on the Seat type –

• 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.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

“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.

Personal Watercraft Market Drivers:

Some of the key drivers listed in the report are given below.

• 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.

Competitive Landscape: Top Companies in the Personal Watercraft Market:

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.

• 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.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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