Water scooter is a recreational watercraft, which mimics a motor scooter. It is used for various adventures on sea coasts or are used by coast guards to ensure safety at beaches. Jet Ski and water jet bikes are majorly used water scooters, which are operable above the water surface while the diver propulsion vehicles (DPVs) have a wider application in deep sea diving. Various developments and innovations have been carried out by top water scooter manufacturers, which boost the water scooter market growth.
Increase in inclination toward water sporting and under water exploration has augmented the demand for water scooters, which has fueled the growth of the industry across the globe. Furthermore, various innovations carried by different players pertaining to water scooters are expected to propel the market growth. For instance, the ASIWO TURBO underwater scooter introduced in China is lightweight, portable, and powerful sea scooter that revolutionizes the way people dive, snorkel, and swim. In addition, upa surge in demand for efficient water scooters having long-distance range boosts the growth of the water scooter industry across the globe.
Water scooters are anticipated to witness significant adoption over the years, owing to an increase in customer inclination toward water sporting and different applications of water scooters such as in towing small vessels and in rescue operations.
The global water scooter market is segmented into application, propulsion type, vehicle type, and region. The applications covered in the study include personal, commercial, and military. Depending on propulsion type, the market is categorized into fuel-operated and battery-operated water scooters. By vehicle type, it is segregated into underwater and above water vehicles. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the water scooter market include Bombardier Recreational Products (BRP), DiverTug, Dive Xtras Inc., Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), Logic Dive Gear (subsidiary of Nellis Engineering Inc.), SUEX S.r.l., Sub-gravity, Torpedo Inc., TUSA (subsidiary of Tabata Co., Ltd.), Yamaha Motor Co., Ltd., and others.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Application
By Propulsion Type
By Vehicle Type
By Region
Increase in inclination toward water sporting and under water exploration has augmented the demand for water scooters, which has fueled the growth of the industry across the globe. Furthermore, various innovations carried by different players pertaining to water scooters are expected to propel the market growth. For instance, the ASIWO TURBO underwater scooter introduced in China is lightweight, portable, and powerful sea scooter that revolutionizes the way people dive, snorkel, and swim. In addition, upa surge in demand for efficient water scooters having long-distance range boosts the growth of the water scooter industry across the globe.
Water scooters are anticipated to witness significant adoption over the years, owing to an increase in customer inclination toward water sporting and different applications of water scooters such as in towing small vessels and in rescue operations.
The global water scooter market is segmented into application, propulsion type, vehicle type, and region. The applications covered in the study include personal, commercial, and military. Depending on propulsion type, the market is categorized into fuel-operated and battery-operated water scooters. By vehicle type, it is segregated into underwater and above water vehicles. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the water scooter market include Bombardier Recreational Products (BRP), DiverTug, Dive Xtras Inc., Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), Logic Dive Gear (subsidiary of Nellis Engineering Inc.), SUEX S.r.l., Sub-gravity, Torpedo Inc., TUSA (subsidiary of Tabata Co., Ltd.), Yamaha Motor Co., Ltd., and others.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the global water scooter market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Application
- Personal
- Commercial
- Military
By Propulsion Type
- Fuel Operated
- Battery Operated
By Vehicle Type
- Underwater
- Above Water
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Water Scooter Market, By Application
Chapter 5: Water Scooter Market, By Propulsion Type
Chapter 6: Water Scooter Market, By Vehicle Type
Chapter 7: Water Scooter Market, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled 'Water Scooter Market by Application, Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018-2026', the global water scooter market was valued at $1.3 billion in 2018, and is projected to reach $2.21 billion by 2026, registering a CAGR of 7.2% from 2019 to 2026.North America dominates the market, followed by Europe, Asia-Pacific and LAMEA. U.S. dominated the global water scooter market share in 2018, whereas Mexico is expected to grow at a significant rate in the water scooter industry during the forecast period.
Water scooter is a recreational watercraft, which mimics a motor scooter. It is used for various adventures on the sea coasts or are used by coast guards to ensure safety at beaches. Various forms of water scooters are available in the water scooter market such as Jet Ski and water jet bikes, which operate above the water surface as well as diver propulsion vehicles (DPVs), which are used for deep sea diving. Water scooters have a wider application in personal as well as commercial applications, which has led the water scooter manufacturers to focus on innovations. Increase in trend of travelling and rise in use of water scooters for rescue operations are fueling the growth of water scooter market across the globe.
Top companies are offering different water scooters and diver propulsion vehicles (DPVs) due to an increase in inclination toward water sporting and scuba diving. In addition, the demand for better and efficient water scooters having long distance range propels the growth of market across the globe. For instance, the ASIWO TURBO underwater scooter introduced in China is lightweight, portable, and powerful sea scooter that revolutionizes the way people dive, snorkel and swim. Similar other developments carried out by other companies’ is expected to lead to the growth of water scooter market during the forecast period.
Water scooters find their major application in personal, commercial, and military fields, which boosts the growth of the global water scooter market. Different types of water scooters are available in the market that can operate on the surface of water as well as under the water. These include Jet Ski and diver propulsion vehicles (DPVs). Moreover, the ASIWO TURBO underwater scooter introduced in China is lightweight, portable, and powerful sea scooter that revolutionizes the way people dive, snorkel, and swim. These types of developments and introduction of new products fuel the growth of the market thereby enhancing the water scooter outlook across the globe.
The global water scooter market growth is driven by factors such as ability of water scooters to an increase the diving range and upa surge in their adoption for underwater exploration. However, rise in safety issues under water is expected to hamper the growth of the market. Conversely, wider application of water scooters in rescue operations and their ease of use are expected to create remunerative opportunities for expansion of water scooter market during the forecast period.
Key Finding of The Water Scooter Market:
By application, the commercial segment generated the highest revenue in 2018.
Depending on type, the above water segment was the major revenue contributor in 2018.
Region wise, North America is anticipated to exhibit the highest CAGR during the forecast period.
On the basis of country, the U.S. contributed the highest market revenue in 2018, and is expected to maintain the lead during the forecast period, followed by Mexico and Canada.
The key players analyzed in this report are Bombardier Recreational Products (BRP), DiverTug, Dive Xtras Inc., Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.), Logic Dive Gear (subsidiary of Nellis Engineering Inc.), SUEX Srl, Sub-gravity, Torpedo Inc., TUSA (subsidiary of Tabata Co., Ltd.), and Yamaha Motor Co., Ltd.
Companies Mentioned
- Bombardier Recreational Products (BRP)
- DiverTug
- Dive Xtras Inc.
- Kawasaki Motors Corp.
- U.S.A. (subsidiary of Kawasaki Heavy Industries Ltd.)
- Logic Dive Gear (subsidiary of Nellis Engineering Inc.)
- SUEX S.r.l.
- Sub-gravity
- Torpedo
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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