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The latest report by IMARC, titled “ Water Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028
” "the global water scooter market reached a value of US$1.6 Billion in 2022.
A water scooter is also famously called personal watercraft (PWC) or jet ski. It is a recreational watercraft that has two style categories, namely sit down and stand-up variants. Both styles have a screw-shaped impeller to generate thrust for propulsion and steering. These water scooters are fast, easy to use, and affordable. The propulsion systems of the water scooters don't have external propellers, making them safer than small motorboats for swimmers and wildlife. Lifeguards use water scooters equipped with rescue platforms to save flood survivors and individuals from trouble and carry them tosafety, whereas the police use them to enforce laws in coastal waters, lakes, andrivers.
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The global market is primarily driven by the increasing demand for water scooter underwater exploration. Furthermore, the rising demand for efficient water scooters with long-distance ranges is positively influencing the market. Apart from this, the inclination of individuals toward scuba diving and other water sports activities is creating a positive outlook for the market. Moreover, the growing product usage by coast guards in rescue operations to maintain safety and security on the beach coasts is catalyzing the market. Besides, multiple governments across various countries are undertaking various initiatives and providing subsidies to facilitate tourism businesses in the coastal regions.
This, in turn, is expected to propel the demand for water scooters. Additionally, various key players are spending heavily on innovation and the development of modern technology in water scooters, which is anticipated to bolster the growth of the market during the forecast period. Some of the other factors driving the market growth include the improved standard of living, the high spending capacity of individuals, rapid urbanization, and the augmenting popularity of water sports and underwater adventures. On account of the factors above, the market is anticipated to reach a value of US$ 2.7 Billion by 2028, exhibiting a CAGR of 9.3% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Vehicle Type:
• Under Water
• Water Surface
Breakup by Propulsion Type:
• Fuel Operated
• Battery Operated
Breakup by Application:
• Personal
• Commercial
• Military
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
Competitive Landscape with Key Players:
• Bombardier Recreational Products Inc
• Dive Xtras Inc.
• Divertug
• Kawasaki Heavy Industries Ltd.
• Nellis Engineering Inc.
• SubGravity
• Suex Srl
• Torpedo Inc.
• TUSA Inc.
• Yamaha Motor Co. Ltd.
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