Personal Watercraft Market Trends, Drivers, and Impact Analysis

[sonali sharma]

Personal watercraft are also known as jet skis or water motorbikes. A personal watercraft is propelled by a motor and is fully enclosed with a hull. Also, a personal watercraft is designed in a way that if capsized, it does not retain water. The person who operates the personal watercraft either sits or stands over it to control it. These personal watercraft are fast and can easily change course in the water. They are a popular alternative for recreational purposes and sports. While riding personal watercraft, operator follows same boating rules as of other powered vessels, but they are also subjected to follow specific rules, such as speed-related rules for riders or operator’s safety. There are various stringent regulations regarding emission from personal watercraft, which have led manufacturers to focus on developing personal watercraft with such technological advancements that cause less pollution. From the advent of personal watercraft, they are being equipped with two-stroke engines, but as technological advancements are taking place, personal watercraft now comes with state-of-the-art four-stroke engines.

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Many original equipment manufacturers are present in North America, due to which this area holds a significant market share in the global personal watercraft market. While in Europe, increase in investment in sports and recreational activities fuel the overall growth of the market for personal watercraft.

As per the current scenario, it can be foreseen that the global personal watercraft market would grow exponentially over the forecast period.

Regions covered

North America (U.S., Canadaand Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

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Companies covered

Yahama Motors Co. Ltd., BRP Inc., Honda Motors Co. Ltd., Lampuga, Kawasaki Motors Corp., BRO Inc., Jiujiang Poseidon Motorboat Manufacturing Co. Ltd., Polaris Industries, Arctic cat Inc., SLVH s.r.o., Hubei Sanjiang Boats Science & Technology Co. Ltd, and Meyer Bootswerft.

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