What is Personal Watercraft Market?
Personal Watercraft, also known as motorbikes on water. It comprises of a fully enclosed hull and is operated by a motor and designed in such a way that it does not retain water if it is capsized. To meet manufacturing regulations, manufacturers are highly adopting a variety of improvements. Such as increasing use of four-stroke engines, use of catalytic converters and other pollution-curbing measures that overall have reduced emissions by approximately 75 percent compared to pre-regulation models and the use of direct injection for two-strokes.
The market study is being classified by Type (Recreational Watercraft, Luxury Watercraft, Performance Watercraft and Sports Watercraft) and major geographies with country level break-up.
Yahama Motors (Japan), BRP Inc. (Canada, Honda Motors (Japan), Kawasaki Motors (Japan), Sea-Doo (United States), Jetlev-Flyer (Germany), Latrex Boats (United Kingdom), Hison (China), Cayago AG (Germany) and Castoldi S.r.L. (Italy) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Japanese and German Manufacturers will contribute to the maximum growth of Global Personal Watercraft market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Personal Watercraft market by Type, Application and Region.
On the basis of geography, the market of Personal Watercraft 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Surging Participation in Numerous Watersport Activities Helps in Relieving Stress of the Customers Worldwide
- Increasing Demand from Police Organizations Such as Marine or Water Police
Market Trend
- Advent of Enhanced Features and Technology in Personal Watercraft
- Increasing Adoption of the Nanotechnology
Restraints
- High Maintenance Cost of Personnel Watercraft
Opportunities
- Key Player are Focusing on Innovation in Design and Product Development
Challenges
- Stringent Government Regulations in Water Pollution
The Clean Air Act allowed the U.S. Environmental Protection Agency to begin regulating all recreational marine engines including PWC, as well as other off-road internal combustion engines.
Key Target Audience
Personal Watercraft Manufacturers, Personal Watercraft Traders, Component Suppliers, System Integrator, Technology Providers, End User and Others