The global water scooter market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period (2022-2028). Water scooters also called personal watercraft or jet ski is recreational watercraft used for entertainment purpose. The major factor attributing to the growth of the global water scooter market includes the increasing use of water scooters for recreational activities and fishing due to consistent growth in the pleasure boating. According to the National Marine Manufacturers Association (NMMA), recreational boating contributes around $100 billion in the US economy in 2021 and are expected to consistently grow during the forecast year. Moreover, measures taken by the government of several countries is also promoting personal boating & recreational activities among the younger generation. Measures include increasing investment in the tourism industry, easing regulations, and developments in infrastructure. Thus increasing the demand for water scooters.
There are two types of water scooters available in the market, including underwater scooters and surface water scooters. Among these, the use of underwater scooters is increasing due to several advantages provided by underwater scooters. These advantages include longer driving sessions, safety while driving, exploring activities in the ocean, versatility in terms of technical purpose and recreational purpose, and support in better snorkeling. Thus, propelling the growth of the global water scooter market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-
- In August 2019, ASIWO launched its new fastest underwater scooter called “ASIWO Turbo”. ASIWO Turbo is installed with the three-gear speed motor and the power of 6×500W and a low-power main control chip that ensures a faster start as compared to other water scooters.
- In March 2022, Waydoo, a China-based company, launched a new underwater scooter called “The Subnado”. The Subnado is the lightest and smallest battery-operated underwaters scooter that can run around 56 mins on a single charge.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Power Source
- By Application
- By Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Yamaha Motor Corp., Kawasaki Motors Pvt. Ltd., Dive Xtras Inc., torpedo Inc., and SubGravity, among others.
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Global Water Scooter Market Report by Segment
By Power Source
- Battery-Operated
- Fuel-Operated
By Application
- Personal
- Commercial
By Type
- Underwater
- Water Surface
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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