Jet Skiing Equipment Market Scope
The global jet-skiing equipment market is expected to witness high growth in the forecasted period due to the rising popularity of the game and an increase in the number of female participation in water sports. Jet Skiing Equipment is also known as personal watercraft and it is one of the quickest and easiest ways to get that adrenaline buzz on water. it is the activity of riding a shallow-draft and highly maneuverable, water-jet-propelled, aquatic craft. It can be done on both inland and coastal waters and either sitting or standing depending on the type of craft.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Dongguan Eyson Life-saving Equipment Co., Ltd. (China), Jettribe (United States), Kawasaki Motors Corp. (United States), BRP (Sea-Doo) (United States), Yamaha Motor Corporation (Japan), BELASSI GmbH (Austria), Billabong (Australia), Body Glove (United States), BomBoard (United States) and Jetpilot Pty Ltd (Austalia) |
CAGR | % |
The global Jet Skiing Equipment market is highly competitive and fragmented due to the existence of many numbers of key players all across the world. Key players are focusing on raising their productivity to expand their topographical reach and increase their customer base. The key players are focusing on quality, price, and brand to compete with their competitors to gain significant market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Jet Skiing Equipment market throughout the predicted period.
Dongguan Eyson Life-saving Equipment Co., Ltd. (China), Jettribe (United States), Kawasaki Motors Corp. (United States), BRP (Sea-Doo) (United States), Yamaha Motor Corporation (Japan), BELASSI GmbH (Austria), Billabong (Australia), Body Glove (United States), BomBoard (United States) and Jetpilot Pty Ltd (Austalia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Rave Sports (United States), Meyer Bootswerft (Austria) and Jiujiang Hison Motor Boat Manufacturing Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Jet Skiing Equipment market by Type , by Application (Entertainment, Law Enforcement and Rescue) and Region with country level break-up.
On the basis of geography, the market of Jet Skiing Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In Jan 2022 Kawasaki Motors Corp., U.S.A. (KMC) has announced a new line-up of Kawasaki Performance Oils (KPO). Combining updated branding with all-new motorcycle formulations and even greater improved performance, the new KPO product line-up consists of industry-leading products exclusively designed and tested for Kawasaki engines.
In Feb 2022, Yamaha Motor announced the acquisition of BOAT TECH COMPANY and SIREN MARINE. The acquisition aims to further accelerate the development of technologies to support IoT and connected boats in the marine industry by placing Siren Marine under Yamaha Marine Systems Company. and In Oct 2021, Kawasaki Motors has announced the launch of three Model 310 jet ski ranges. i.e. ULTRA 310X: FUN, ULTRA 310LX-S: LUXURY SPORT, and ULTRA 310LX: LUXURY.
Influencing Trend:
The Rising Number of Water Sporting Facilities all across the Globe and Enhancement in Distribution Channels to Increase the Sales
Market Growth Drivers:
The Increasing Popularity of World Beach Games Promoted by the Association of National Olympic Committees and Increasing the Number of Water Sporting Facilities Worldwide
Challenges:
Consumer Shift to Jet Ski Equipment Rentals
Restraints:
High Fluctuation in Raw Material Prices
Opportunities:
Introduction of Environment-Friendly Jet Skiing Equipment and Growing Demand from Emerging Markets
Key Target Audience
Jet Skiing Equipment Manufactures, Jet Skiing Equipment Suppliers, Jet Skiing Equipment Distribution, Government Regulatory Bodies, Private Research Organization and Others