Category : Automotive, Transportation and Logistics | Published at : August-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for water scooter is expected to grow at a CAGR of around 7.3% from 2020 to 2027 and expected to reach the market value of around US$ 2,195.0 Mn by 2027.
Water Scooter is a recreational watercraft that rider rides or stands on, rather than getting inside of, as in a boat. Additionally, it’s a motorized device that pulls a swimmer along behind it. It’s a personal watercraft with a frame consisting of a narrow platform for the feet, a hydrofoil, and, a handlebar that is propelled by jumping up and pressing down. Additionally, these are hand-held, battery-operated device that spins a propeller to pull a swimmer through the water.
Market Dynamics
The factors associated with the water scooter such as the ability to increase the diving range, carry out the adventures on the sea coasts during holidays and used by the coast guards to ensure the safety and security at the beach coast are supporting the market growth. The increasing use of water scooters for underwater exploration activities is additionally accelerating market growth. Furthermore, the availability of water scooters for wider applications like in rescue operations along with the ease in handling is projected to create demand over the forecast period from 2020 to 2027.
On the other side, safety issues associated with underwater diving are expected to limit the growth to an extent over the estimated period.
Commercial segment accounted for the maximum share in 2019
By application, the commercial segment accounted for the major share in the global market. The increasing underwater and adventurous activities which are provided by the experts are supporting the segmental market value. The rising inclination of people towards adventurous activities due to changing lifestyles and increasing disposable income is supporting the market value. Additionally, the segment is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027.
The market research study on “Water Scooter Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global water scooter market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Water Scooter market, its propulsion type, application, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Water Scooter market size and volume, and segment markets by propulsion type, application, vehicle type, and geography along with the information on companies operating in the market. The water scooter market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
North America accounted for the maximum share in the global market
In 2019, North America has registered a major share in terms of revenue share (%), and the region is also projected to maintain its dominance over the forecast period. The US is the major contributor to the regional market revenue followed by Canada. The region is particularly gaining growth on account of high per capita income and the active lifestyle of people in terms of spending on adventurous activities.
The players profiled in the report include Bombardier Recreational Products, Dive Xtras Inc., DiverTug, Kawasaki Motors Corp., Logic Dive Gear (subsidiary of Nellis Engineering Inc.), Sub-gravity, Torpedo Inc., SUEX S.r.l., TUSA (subsidiary of Tabata Co., Ltd.), U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), and Yamaha Motor Co., Ltd.
Market Segmentation
Market By Application
Personal
Commercial
Military
Market By Propulsion Type
Fuel Operated
Battery Operated
Market By Vehicle Type
Underwater
Above water
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The factors associated with the water scooter such as the ability to increase the diving range, carry out the adventures on the sea coasts during holidays, and used by the coast guards to ensure the safety and security at the beach coast, and increasing use of water scooter for underwater exploration activities are some of the factors driving the market growth.
The market for water scooter is expected to reach the market value of around US$ 2,195.0 Mn by 2027.
The market for water scooter is expected to grow at a CAGR of around 7.3% from 2020 to 2027.
Bombardier Recreational Products, Dive Xtras Inc., DiverTug, Kawasaki Motors Corp., Logic Dive Gear (subsidiary of Nellis Engineering Inc.), Sub-gravity, Torpedo Inc., SUEX S.r.l., TUSA (subsidiary of Tabata Co., Ltd.), U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), and Yamaha Motor Co., Ltd are the prominent players in the market.
North America is expected to be the fastest growing market over the forecast period.
Commercial is the leading segment by application in the water scooter market.
North America held the highest market share in the water scooter market.
