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Personal Watercraft Market Overview (2022-2032)

[250 Pages Report] The personal watercraft market size is anticipated to grow at a moderate CAGR of 6% during 2022-2032.

“The personal watercraft market is predicted to expand as demand for personal watercraft increases in applications, such as marine or water police, to ensure safety and security among individuals engaged in water sports, as well as high utilisation as a recreational and sporting alternative.”

With stringent emission regulations, the personal watercraft manufacturers are focusing on developing technologically advanced personal watercraft, which cause less pollution.

Since the personal watercrafts were invented, these have been equipped with two stroke engines, but with changing technology, the personal watercrafts are now powered with state-of-the-art four stroke engines. Such personal watercraft boats are extensively used for sports and leisure activities.

Attributes Details
Personal Watercraft Market Size (2020) USD 1.6 Bn
Personal Watercraft Market CAGR (2022-2032) 6%

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What is the Impact of Regulation in the Personal Watercraft Market?

“For a better development of the personal watercraft sector, advanced technologies are taken into account. Eclectic personal watercraft has been introduced as an environmental-friendly alternative.”

Technological advancements in the personal watercraft have led to the introduction of quieter and cleaner personal watercraft. In the previous decade, these water vessels were powered with two stroke engines, as a result of which they caused a lot of pollution. But with stringent emission regulations coming into play, personal watercrafts are now powered by four stroke engines.

This would increase the demand for personal watercraft and promote the growth of the personal watercraft market over the assessment period. Moreover, now the manufacturers are launching multi-passenger personal watercraft in the market, which offer state of the art features and functions. This will further ramp up the personal watercraft market over the assessment period.

Moreover, the personal watercraft market is anticipated to further augment over the assessment period owing to increase in leisure spending and increasing demand of personal watercraft for utilization in sports. Multi-passenger personal watercraft are trending in the market. Due to this, personal watercraft manufacturers have focused their designs on today’s consumer base, i.e. families, thus continuing to manufacture more of three person models.

Their increasing demand will further drive the anticipated growth of the personal watercraft market over the assessment period. Stringent emission norms and safety regulations derail the growth of the personal watercraft market. Owing to many speed and emission regulations, the manufacturers are investing in implementing new technologies in their products.

This will increase the initial cost of the personal watercraft, which would have a negative impact on the sales. Moreover, apart from recreational and sports applications, personal watercraft cannot be used for transport of goods and passengers. This could further restrain the growth of the market over the assessment period.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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What is the Regional Outlook of the Personal Watercraft Market?

“Personal watercraft (PWC) definitions vary by state, although they are commonly defined as a vessel with an inboard motor driving a water jet pump as its principal source of propulsion.”

North America is anticipated to hold a significant market share in the global personal watercraft market, owing to the presence of many original equipment manufacturers and anticipated increase in demand for personal watercraft in the said region. The European personal watercraft market is driven by increasing investment in sports and recreation.

Moreover, growing tourism in developing economies of the Asia-Pacific region, such as China and India, will create opportunities for the OEM’s to boost up their sales in the region. This trend is anticipated to remain the same in the MEA region, due to which the region will witness a steady growth in the sales of personal watercraft over the assessment period.

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Key Segments

Attributes Details
Forecast period 2022-2032
Historical data available for 2012-2020
Market analysis USD Million for Value
By Type
  • Sports
  • Recreational
  • Performance
  • Luxury
By Seat Capacity
  • One seat
  • Two seat
  • Three seat
  • Standing
By Hull Type
  • Composites
  • Plastic
By Region
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa
Key Players
  • BRP Inc.
  • Yamaha Motors Co., Ltd.
  • Kawasaki Motors Corp.
  • Honda Motors. Co., Ltd.
  • Polaris Industries
  • Jiujiang Poseidon Motorboat Manufacturing Co., Ltd.
  • Lampuga
  • Arctic cat Inc.
  • Meyer Bootswerft
  • SLVH s.r.o.
  • Hubei Sanjiang Boats Science & Technology Co., Ltd

Frequently Asked Questions

What is the Growth Outlook for the Personal Watercraft Market?

The global personal watercraft market is expected to register a CAGR of 6.0% from 2022 to 2032.

Which Company Dominates Global Personal Watercraft Market?

BRP Inc., dominates the global personal watercraft market.

What will be the size of the Global Personal Watercraft Market by the end of 2022?

The size of the global personal watercraft market is projected to reach about US$ 2.7 Bn by 2022.

Which region is expected to grow fastest in the Personal Watercraft Market?

North America is expected to grow fastest in the personal watercraft market.

What is the Size of the Global Personal Watercraft Market?

The personal watercraft market is projected to be valued at US$ 4.82 Bn by 2032.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Personal Watercraft Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Engine Displacement

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Engine Displacement, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Engine Displacement, 2022-2032

        5.3.1. Less than 800 cc

        5.3.2. 800 cc to 1000 cc

        5.3.3. 1000 cc to 1400 cc

        5.3.4. More than 1400 cc

    5.4. Y-o-Y Growth Trend Analysis By Engine Displacement, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Engine Displacement, 2022-2032

Deep-dive segmentation will be available in the sample on request

6. Global Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Seat Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Seat Type, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Seat Type, 2022-2032

        6.3.1. Single Seat

        6.3.2. Double Seat

        6.3.3. Three Seat

        6.3.4. Standing Type

    6.4. Y-o-Y Growth Trend Analysis By Seat Type, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Seat Type, 2022-2032

Deep-dive segmentation will be available in the sample on request

7. Global Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Hull Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Hull Type, 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Hull Type, 2022-2032

        7.3.1. Composites

        7.3.2. Plastic

    7.4. Y-o-Y Growth Trend Analysis By Hull Type, 2017-2021

    7.5. Absolute $ Opportunity Analysis By Hull Type, 2022-2032

Deep-dive segmentation will be available in the sample on request

8. Global Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021

    8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. East Asia

        8.3.5. South Asia & Pacific

        8.3.6. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By Engine Displacement

        9.2.3. By Seat Type

        9.2.4. By Hull Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Engine Displacement

        9.3.3. By Seat Type

        9.3.4. By Hull Type

    9.4. Key Takeaways

10. Latin America Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Mexico

            10.2.1.2. Brazil

            10.2.1.3. Rest of Latin America

        10.2.2. By Engine Displacement

        10.2.3. By Seat Type

        10.2.4. By Hull Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Engine Displacement

        10.3.3. By Seat Type

        10.3.4. By Hull Type

    10.4. Key Takeaways

11. Europe Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. Italy

            11.2.1.3. France

            11.2.1.4. U.K.

            11.2.1.5. Spain

            11.2.1.6. BENELUX

            11.2.1.7. Russia

            11.2.1.8. Rest of Europe

        11.2.2. By Engine Displacement

        11.2.3. By Seat Type

        11.2.4. By Hull Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Engine Displacement

        11.3.3. By Seat Type

        11.3.4. By Hull Type

    11.4. Key Takeaways

12. East Asia Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

        12.2.2. By Engine Displacement

        12.2.3. By Seat Type

        12.2.4. By Hull Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Engine Displacement

        12.3.3. By Seat Type

        12.3.4. By Hull Type

    12.4. Key Takeaways

13. South Asia & Pacific Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. ASEAN

            13.2.1.3. Australia and New Zealand

            13.2.1.4. Rest of South Asia & Pacific

        13.2.2. By Engine Displacement

        13.2.3. By Seat Type

        13.2.4. By Hull Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Engine Displacement

        13.3.3. By Seat Type

        13.3.4. By Hull Type

    13.4. Key Takeaways

14. MEA Personal Watercraft Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. Turkey

            14.2.1.3. South Africa

            14.2.1.4. Rest of MEA

        14.2.2. By Engine Displacement

        14.2.3. By Seat Type

        14.2.4. By Hull Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Engine Displacement

        14.3.3. By Seat Type

        14.3.4. By Hull Type

    14.4. Key Takeaways

15. Key Countries Personal Watercraft Market Analysis

    15.1. U.S.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2021

            15.1.2.1. By Engine Displacement

            15.1.2.2. By Seat Type

            15.1.2.3. By Hull Type

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2021

            15.2.2.1. By Engine Displacement

            15.2.2.2. By Seat Type

            15.2.2.3. By Hull Type

    15.3. Mexico

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2021

            15.3.2.1. By Engine Displacement

            15.3.2.2. By Seat Type

            15.3.2.3. By Hull Type

    15.4. Brazil

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2021

            15.4.2.1. By Engine Displacement

            15.4.2.2. By Seat Type

            15.4.2.3. By Hull Type

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2021

            15.5.2.1. By Engine Displacement

            15.5.2.2. By Seat Type

            15.5.2.3. By Hull Type

    15.6. Italy

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2021

            15.6.2.1. By Engine Displacement

            15.6.2.2. By Seat Type

            15.6.2.3. By Hull Type

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2021

            15.7.2.1. By Engine Displacement

            15.7.2.2. By Seat Type

            15.7.2.3. By Hull Type

    15.8. U.K.

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2021

            15.8.2.1. By Engine Displacement

            15.8.2.2. By Seat Type

            15.8.2.3. By Hull Type

    15.9. Spain

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2021

            15.9.2.1. By Engine Displacement

            15.9.2.2. By Seat Type

            15.9.2.3. By Hull Type

    15.10. BENELUX

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2021

            15.10.2.1. By Engine Displacement

            15.10.2.2. By Seat Type

            15.10.2.3. By Hull Type

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2021

            15.11.2.1. By Engine Displacement

            15.11.2.2. By Seat Type

            15.11.2.3. By Hull Type

    15.12. China

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2021

            15.12.2.1. By Engine Displacement

            15.12.2.2. By Seat Type

            15.12.2.3. By Hull Type

    15.13. Japan

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2021

            15.13.2.1. By Engine Displacement

            15.13.2.2. By Seat Type

            15.13.2.3. By Hull Type

    15.14. South Korea

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2021

            15.14.2.1. By Engine Displacement

            15.14.2.2. By Seat Type

            15.14.2.3. By Hull Type

    15.15. India

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2021

            15.15.2.1. By Engine Displacement

            15.15.2.2. By Seat Type

            15.15.2.3. By Hull Type

    15.16. ASEAN

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2021

            15.16.2.1. By Engine Displacement

            15.16.2.2. By Seat Type

            15.16.2.3. By Hull Type

    15.17. Australia and New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2021

            15.17.2.1. By Engine Displacement

            15.17.2.2. By Seat Type

            15.17.2.3. By Hull Type

    15.18. GCC Countries

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2021

            15.18.2.1. By Engine Displacement

            15.18.2.2. By Seat Type

            15.18.2.3. By Hull Type

    15.19. Turkey

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2021

            15.19.2.1. By Engine Displacement

            15.19.2.2. By Seat Type

            15.19.2.3. By Hull Type

    15.20. South Africa

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2021

            15.20.2.1. By Engine Displacement

            15.20.2.2. By Seat Type

            15.20.2.3. By Hull Type

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Engine Displacement

        16.3.3. By Seat Type

        16.3.4. By Hull Type

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. BRP Inc

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Yamaha Motors Co., Ltd.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Kawasaki Motors Corp.

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Honda Motors. Co., Ltd.

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Polaris Industries

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Arctic cat Inc.

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Meyer Bootswerft

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Hubei Sanjiang Boats Science & Technology Co., Ltd

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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