The data, information, statistics, facts and figures covered in the significant Europe Personal Watercraft Market report lends a hand to THIS industry in maximizing or minimizing the production of goods depending on the conditions of demand. Unsurpassed and well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis have been used in the whole report for the purpose of forecasting, analysis and estimations. The estimations of CAGR 4.4% values are quite significant which aids businesses to decide upon the investment value over the time period. Thus, the transparent, consistent and extensive market information of Image Recognition in Consumer Packaged Goods (C.P.G.)business report will definitely develop the business and perks up return on investment (ROI).
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Key Players Mentioned in the Europe Personal Watercraft Market Research Report:
- BRP
- Yamaha Motor Co., Ltd.
- Kawasaki Heavy Industries, Ltd.
- NARKE
- Gibbs Sports Amphibians, Inc.
- BELASSI GmbH
- X Scream Inc
- Mackinnon Marine Technologies
- VQ yachts
- Krash Industries
- Nikola Corporation
- Strand Craft Design LLC.
- E-DOLPHIN
- Jiujiang Hison Motor Boat Manufacturing Co., Ltd
- Pro Watercraft
- Short Block Technologies, Inc.
- TAIGA MOTORS INC.
Europe Personal Watercraft Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rapid growth in surface water sports championships and events
People across the globe have gained importance for such sports, which has further resulted in organizing many local and regional championships and events. Personal watercraft events and championships have been conducted every month in one or the other region or country. This has been clear that there is a rise in such events and sports activities, which has helped to drive the sales of the PWC across the globe.
- Increase in the number of adventure sports participation
Sports involve multiple motivations such as goal achievement, risk-taking, social motivation, escape from boredom, pushing personal boundaries, overcoming fear, and connection with the natural environment. Moreover, adventure sports experience the near-death experience, which helps accelerate the adrenaline and provides health benefits. This has helped to motivate people across the globe to adopt adventure sports. People across the globe are willing to adopt adventure sports due to various health benefits. This will help to increase interest in water sports activities. In accordance, this will help to drive the market.
Opportunity
- Increase in recognition of water sports in international sports
People across the globe and most countries are participating in international championships. This has created a demand for such adventurous water sports. The rise in demand for such sports will boost the sales of sports equipment and gear. Thus, an increase in recognition of water sports in international sports will attract people to adopt such sports and thus provide a great opportunity for market growth.
Restraint/Challenge
- High costs associated with personal watercrafts
The personal watercraft costs are very high in terms of owning the jet skis. Moreover, it includes various costs such as maintenance, fuel, and many others. These factors will add up the expenses, which are expected to restrain the personal watercraft market.
- Post-COVID-19 Impact on Europe Personal Watercraft Market
COVID-19 negatively impacted the Europe personal watercraft market due to the shutdown of Europe logistics and transportation and governments' instruction to not participate in social events.
The COVID-19 pandemic has impacted the Europe personal watercraft market to an extent a negative manner. However, the pandemic situation across the globe has constrained people to use their individual and rent personal watercraft. This has impacted even the rental business for watercraft. Moreover, the revelation comes as more people took up recreational boating, beach closures, and international travel restrictions due to the coronavirus crisis. This has significantly found fewer facilities among Jet Ski because of the number of deaths against the ratio of license holders.
The market players are conducting multiple research and development activities to improve the technology involved in the accessories. With this, the companies will bring advancement and innovation to the market. In addition, the government supporting the electrification of watercraft has led the market growth.
Recent Developments
In October 2021, BRP announced that the company had been recognized as Good Design Japan for design and innovations related to Sea-Doo. This recognition has ensured trust in the products and attracted new customers to accelerate revenue growth for the company.
In November 2018, Kawasaki Heavy Industries, Ltd. announced an investment of USD 3 million in Motorcycle Mechanics Institute (MMI) education. This will include the development of personal watercraft models and help to support the training programs, which has further helped to accelerate the sales of personal watercraft.
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Europe Personal Watercraft Market Regional Analysis:
North America: (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)
Asia-Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)
Latin America: (Mexico, Brazil, Argentina, Colombia)
Middle East Africa: (Turkey, Saudi Arabia, UAE)
Market Key Benefits over Competitors:
- The report provides a qualitative and quantitative analysis of the Europe Personal Watercraft Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors major investment pockets are highlighted in the research.
- The major countries in each region are analysed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Watercraft industry.
Based on the Personal Watercraft Industry Market Segmentations:
TYPE
- SIT-DOWN MODEL
- STAND-UP MODEL
On the basis of type, the Europe personal watercraft market is segmented into sit-down model and stand-up model.
COMPONENTS
- ENGINE
- DRIVE SHIFT
- INTAKE GRATE
- IMPELLER
- STEERING NOZZLE
- STEERING CONTROL
- SPEEDOMETER
- SAFETY SWITCH
- OTHERS
On the basis of components, the Europe personal watercraft market is segmented into engine, drive shift, intake grate, impeller, steering nozzle, steering control, speedometer, safety switch and others.
PROPULSION TYPE
- IC ENGINES
- ELECTRIC
On the basis of propulsion type, the Europe personal watercraft market is segmented into IC engines and electric.
HULL TYPE
- PLASTIC
- COMPOSITE
On the basis of hull type, the Europe personal watercraft market is segmented into plastic and composite.
FUNCTIONALITY
- ACCESSORY PACKAGE
- AUTO TRIM
- CONNEXT SCREEN
- CUSTOM-TUNED ELECTRIC TRIM
- FOOT CHOCKS
- OPTIONAL AUDIO SPEAKERS
- RIDE
- OTHERS
On the basis of functionality, the Europe personal watercraft market is segmented into accessory package, auto trim, connext screen, custom-tuned electric TRIM, foot chocks, optional audio speakers, ride and others.
SERIES
- REC LITE
- RECREATION
- FREESTYLE
- PERFORMANCE
- LUXURY
On the basis of the series, the Europe personal watercraft market is segmented into REC lite, recreation, freestyle, performance and luxury.
SEAT MODEL
- DOUBLE
- SINGLE
- TRIPLE
- OTHERS
On the basis of the seat model, the Europe personal watercraft market is segmented into double, single, triple and others.
DISTRIBUTION CHANNEL
- DIRECT CHANNEL
- INDIRECT CHANNEL
On the basis of distribution channel, the Europe personal watercraft market is segmented into direct channel and indirect channel.
END-USER
- RENTAL
- INDIVIDUAL
- GOVERNMENT
Europe Personal Watercraft Market Report Objectives
- Analyzing the size of the Europe Personal Watercraft Market on the basis of value and volume
- Accurately calculating the market shares, consumption, and other vital factors of different segments of the Personal Watercraft market
- Exploring key dynamics of the Personal Watercraft market
- Highlighting important trends of the Europe Personal Watercraft Market in terms of production, revenue, and sales
- Deeply profiling top players of the Europe Personal Watercraft Market and showing how they compete in the industry
- Studying manufacturing processes and costs, product pricing, and various trends related to them
- Showing the performance of different regions and countries in the Personal Watercraft market
- Forecasting the market size and share of all segments, regions, and the market.
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Table of Contents
Report Overview: It includes major players of the Europe Personal Watercraft Market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Personal Watercraft market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Europe Personal Watercraft Market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the Europe Personal Watercraft Market by application, it gives a study on the consumption in the Europe Personal Watercraft Market by application.
Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.
Company Profiles: Almost all leading players of the Europe Personal Watercraft Market are profiled in this section. The analysts have provided information about their recent developments in the Personal Watercraft market, products, revenue, production, business, and company.
Market Forecast by Production: The production and production value forecasts included in this section are for the Europe Personal Watercraft Market as well as for key regional markets.
Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for the Europe Personal Watercraft Market as well as for key regional markets.
Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the Personal Watercraft market.
Key Findings: This section gives a quick look at important findings of the research study.
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