The Business Research Company’s Personal Watercraft Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Personal Watercraft Global Market Report 2023 evaluates personal watercraft market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global personal watercraft market is expected to grow from $2.15 billion in 2022 to $2.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The personal watercraft market is expected to reach $3 billion in 2027 at a CAGR of 6.6%.
The growing interest in outdoor recreational activities is expected to propel the growth of the personal watercraft market going forward. Outdoor recreational activities refer to leisure activities that are performed outside, usually in natural environments. Personal watercraft can be used for a variety of outdoor recreational pursuits, such as jet skiing, watercraft touring, wakeboarding, waterskiing, tubing, and leisurely exploration of the lake or coastal locations by allowing the transportation of cargo and two passengers. For instance, in January 2022, according to the Outdoor Industry Association, a US-based non-profit organization, in 2021, 164.2 million, or 54% of Americans aged six and older, reported having engaged in outdoor recreation at least once, resulting in an outdoor participation increase of 6.9% from 2020. Further, a net gain of 3.5 million more people participated in outdoor activity in 2021. Additionally, a record 6.8 million Americans participated in outdoor activities for the first time in 2021. Therefore, the growing interest in outdoor recreational activities is driving the growth of the personal watercraft market.
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The personal watercraft market segments in the report are:
1) By Watercraft Type: Recreational Watercraft, Muscle Watercraft, Luxury Watercraft, Performance Watercraft, Sports Watercraft
2) By Seat Capacity Type: One Seat, Two Seat, Three Seat, Standing
3) By Hull Type: Composites, Plastic
4) By Engine Displacement: Below 800 CC (Cubic Capacity), 800-1000 CC (Cubic Capacity), 1000-1500 CC (Cubic Capacity), Above 1500 CC (Cubic Capacity)
The table of contents in TBRC’s personal watercraft market report includes:
1. Executive Summary
2. Personal Watercraft Market Characteristics
3. Personal Watercraft Market Trends And Strategies
4. Personal Watercraft Market – Macro Economic Scenario
5. Personal Watercraft Market Segmentation
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26. South America Personal Watercraft Market
27. Brazil Personal Watercraft Market
28. Middle East Personal Watercraft Market
29. Africa Personal Watercraft Market
30. Personal Watercraft Market Competitive Landscape And Company Profiles
Top Major Players:
- Honda Motors. Co. Ltd
- Yamaha Motors Co. Ltd
- Polaris Inc
- BRP Inc
- Mercury Marine Ltd
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