About Jet Skis
Jet Ski means any motorized craft or vessel marketed under the name of Jet Ski, wave runner, wave jammer or water scooter and includes any other similar craft or vessel howsoever called. The global jet-skis 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Jet Skis market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Jet Skis Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Jet Skis market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kawasaki Motors Corp., U.S.A. (United States), Yamaha Motor Corporation, USA (United States), Sea-Doo (United Kingdom), Benelli (Australia), Narke (Hungary), Rickter RRP (Canada), Vanquish Yachts (Netherlands) and X Scream Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Jet Skis market by Type (Electric, Inflatable and Others), Application (Beach-Hopping, Races and Freestyle Competitions) and Region.
On the basis of geography, the market of Jet Skis 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). If we see Market by Number of Seats, the sub-segment i.e. Solo Seater will boost the Jet Skis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Jet Skis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
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 and Increasing the Number of Water Sporting Facilities Worldwide
Challenges:
Jet Skis Can Cause a High Degree of Disturbance to Birds
Restraints:
High Fluctuation in Raw Material Prices
Opportunities:
Introduction of Environment-Friendly Jet Skiing Equipment and Growing Demand from Emerging Markets
Market Leaders and their expansionary development strategies
SAMACO Marine has announced that it acquired the exclusive agency for BRP to handle the sales and after-sales services for its clients in Saudi Arabia. Shereen Nassif, the General Director of SAMACO Marine explained that, “This partnership is an unprecedented addition to Al-Nahla Group as BRP is one of the largest international companies, and its products are among the top in terms of high quality.
In May 2023, California e-boat startup Boundary Layers Technology (BLT) has launched their Valo Hyperfoil electric jetski with the announcement that they have orders for three times more craft than expected for the inaugural 2023 production run.
In 1999 New York adopted legislation to enable municipalities to regulate the use of jet skis and other personal watercraft on local waters. Using the public hearing process, any town in the state can pass an ordinance to prohibit the use of jet skis. All bans must not prevent access to federally maintained and designated waterways.
Key Target Audience
Manufacturers of Jet Skis, Suppliers of Jet Skis, Wholesalers, Distributors and Retailers of Jet Skis, Raw Material Providers and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.