The Personal Watercraft Global Market Report 2023, provides comprehensive information on the personal watercraft market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/personal-watercraft-global-market-report
As per The Business Research Company’s Personal Watercraft Global Market Report 2023, 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%.
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Technological advancement is a key trend gaining popularity in the personal watercraft market. Major companies operating in the personal watercraft market are developing innovative products with advanced features to sustain their position in the market. For instance, in July 2022, Taiga Motors, a Canada-based vehicle company, launched Orca, the world’s first electric personal watercraft (PWC) based on cutting-edge technology. It redefines the personal watercraft experience with power efficiency, intelligent connectivity, silent operation, and no engine maintenance. It has a unique carbon fiber composite hull that is hydrodynamically engineered for dynamic handling. The hull’s design results in a leading power-to-weight ratio, meaning the watercraft has a high-power output relative to its weight. The hull is also available in customizable color combinations.
The personal watercraft market is segmented:
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)
North America was the largest region in the personal watercraft market in 2022.
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. Global Personal Watercraft Market Size and Growth
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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:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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