Global Personal Watercraft Market Size, Trends and Growth Opportunity, By Type (Sit-Down Model and Stand-Up Model), Components (Engine, Drive Shift, Intake Grate, Impeller, Steering Nozzle, Steering Control, Speedometer, Safety Switch, and Others), Propulsion Type (IC Engines and Electric), Hull Type (Plastic and Composite), Functionality (Accessory Package, Auto Trim, Connext Screen, Custom-Tuned Electric TRIM, Foot Chocks, Optional Audio Speakers, Ride, and Others), Series (REC Lite, Recreation, Freestyle, Performance, and Luxury), Seat Model (Double, Single, Triple, and Others), Distribution Channel (Direct Channel and Indirect Channel), End-User (Rental, Government, and Individual), By Region and forecast till 2027.
Global Personal Watercraft Market
Global Personal Watercraft Market was valued at USD 39.52 billion in 2021 and is slated to reach at USD 58.27 billion by 2027 at a CAGR of 5.2 % from 2022-2027.
Personal watercraft are also known as Jet Skis and speed boats. These watercraft will resemble a bike and will be powered by various engines that propel or squirt water to move forward. Furthermore, as technology advances, new propulsion technologies, such as electric propulsion, are being developed for these watercraft. Furthermore, the personal watercraft market is associated with a variety of seating PWCs, as well as a variety of accessories and components that improve the performance and functions of the watercraft. Along with this technical aspect, the market is linked to a distribution channel and a variety of end users.
Market Drivers
People all over the world have grown to value such sports, which has resulted in the organization of numerous local and regional championships and events. Every month, personal watercraft events and championships have been held in one or more regions or countries. It is clear that there is an increase in such events and sports activities, which has helped to drive PWC sales around the world. Sports involve a variety of motivations, including goal achievement, risk-taking, social motivation, boredom relief, pushing personal boundaries, overcoming fear, and connection with nature. Furthermore, adventure sports involve a near-death experience, which boosts adrenaline and provides health benefits. This has helped to inspire people all over the world to participate in adventure sports. People all over the world are eager to participate in adventure sports because of the numerous health benefits. This will contribute to an increase in interest in water sports activities. This, in turn, will help to drive the market.
Market Restraints
Personal watercrafts have high operating costs : In terms of owning jet skis, the personal watercraft costs are very high. It also includes costs such as maintenance, fuel, and many others. These factors will increase the costs, which are expected to limit the personal watercraft market.
Impact of COVID-19
COVID-19 had a negative impact on the global personal watercraft market due to the shutdown of global logistics and transportation, as well as government instructions to avoid social events. The COVID-19 pandemic has had a negative impact on the global personal watercraft market. However, the global pandemic situation has forced people to use personal watercraft that they own or rent. This has had an effect on the watercraft rental industry as well. Furthermore, the revelation comes as a result of the coronavirus crisis, which has resulted in increased recreational boating, beach closures, and international travel restrictions. Because of the number of deaths compared to licence holders, there are significantly fewer facilities among Jet Ski. Multiple research and development activities are being carried out by market participants in order to improve the technology involved in the accessories. The companies will bring advancement and innovation to the market as a result of this. Furthermore, the government's support for watercraft electrification has fueled market growth.
Recent Developments
BRP announced in October 2021 that the company had been named Good Design Japan for Sea-Doo design and innovation. This recognition has increased trust in the products and attracted new customers, accelerating the company's revenue growth.
Kawasaki Heavy Industries, Ltd. announced a USD 3 million investment in Motorcycle Mechanics Institute (MMI) education in November 2018. This will include the development of personal watercraft models as well as assistance with training programmes, which has aided in the acceleration of personal watercraft sales.
Market Segmentation
Global Personal Watercraft Market is segmented into By Type, Components, Propulsion Type, Hull Type, Functionality, Series, Seat Model, Distribution Channel, End-User. By Type such as Sit-Down Model and Stand-Up Model. By Components such as Engine, Drive Shift, Intake Grate, Impeller, Steering Nozzle, Steering Control, Speedometer, Safety Switch, and Others. By Propulsion Type such as IC Engines and Electric. By Hull Type such as Plastic and Composite. By Functionality such as Accessory Package, Auto Trim, Connext Screen, Custom-Tuned Electric TRIM, Foot Chocks, Optional Audio Speakers, Ride, and Others. By Series such as REC Lite, Recreation, Freestyle, Performance, and Luxury. By Seat Model such as Double, Single, Triple, and Others. By Distribution Channel such as Direct Channel and Indirect Channel. By End-User such as Rental, Government, and Individual.
Regional Analysis
Global Personal Watercraft Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. China is expected to dominate the Asia-Pacific region due to technological advancements and the adoption of cleaner and quieter watercraft, which are major growth factors for the personal watercraft market. Due to an increase in adventure sports participation across the North American region, the United States is expected to dominate. The U.K. is expected to dominate due to the growing recognition of water sports in international sports in the European region.
Key Players
This report includes a list of numerous Key Players, namely Yamaha Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., Gibbs Sports Amphibians, Inc., BELASSI GmbH, Mackinnon Marine Technologies, VQ yachts, Krash Industries, Strand Craft Design LLC., E-DOLPHIN, Jiujiang Hison Motor Boat Manufacturing Co., Ltd,
Market Taxonomy  
By Type
• Sit-Down Model
• Stand-Up Model
By Components
• Engine
• Drive Shift
• Intake Grate
• Impeller
• Steering Nozzle
• Steering Control
• Speedometer
• Safety Switch
• Others
By Propulsion Type
• Ic Engines
• Electric
By Hull Type
• Plastic
• Composite
By Functionality
• Accessory Package
• Auto Trim
• Connext Screen
• Custom-Tuned Electric Trim
• Foot Chocks
• Optional Audio Speakers
• Ride
• Others
By Series
• Rec Lite
• Recreation
• Freestyle
• Performance
• Luxury
By Seat Model
• Double
• Single
• Triple
• Others
By Distribution Channel
• Direct Channel
• Indirect Channel
By End-User
• Rental
• Individual
• Government
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
 

Global Personal Watercraft Market
1 Introduction 
1.1 Objective Of The Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List Of Data Sources
3 Executive Summary
4 Global Personal Watercraft Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Personal Watercraft Market, By Type
5.1 Y-O-Y Growth Comparison, By Type
5.2 Global Personal Watercraft Market Share Analysis, By Type
5.3 Global Personal Watercraft Market Size And Forecast, By Type
5.3.1 Sit-Down Model
5.3.2 Stand-Up Model
6 Global Personal Watercraft Market, By Components  
6.1 Y-O-Y Growth Comparison, By Components  
6.2 Global Personal Watercraft Market Share Analysis, By Components  
6.3 Global Personal Watercraft Market Size And Forecast, By Components  
6.3.1 Engine
6.3.2 Drive Shift
6.3.3 Intake Grate
6.3.4 Impeller
6.3.5 Steering Nozzle
6.3.6 Steering Control
6.3.7 Speedometer
6.3.8 Safety Switch
6.3.9 Others
7 Global Personal Watercraft Market, By Propulsion Type
7.1 Y-O-Y Growth Comparison, By Propulsion Type
7.2 Global Personal Watercraft Market Share Analysis, By Propulsion Type
7.3 Global Personal Watercraft Market Size And Forecast, By Propulsion Type
7.3.1 Ic Engines
7.3.2 Electric
8 Global Personal Watercraft Market, By Hull Type
8.1 Y-O-Y Growth Comparison, By Hull Type
8.2 Global Personal Watercraft Market Share Analysis, By Hull Type
8.3 Global Personal Watercraft Market Size And Forecast, By Hull Type
8.3.1 Plastic
8.3.2 Composite
9 Global Personal Watercraft Market, By Functionality 
9.1 Y-O-Y Growth Comparison, By Functionality 
9.2 Global Personal Watercraft Market Share Analysis, By Functionality 
9.3 Global Personal Watercraft Market Size And Forecast, By Functionality 
9.3.1 Accessory Package
9.3.2 Auto Trim
9.3.3 Connext Screen
9.3.4 Custom-Tuned Electric Trim
9.3.5 Foot Chocks
9.3.6 Optional Audio Speakers
9.3.7 Ride
9.3.8 Others
10 Global Personal Watercraft Market, By Series
10.1 Y-O-Y Growth Comparison, By Series
10.2 Global Personal Watercraft Market Share Analysis, By Series
10.3 Global Personal Watercraft Market Size And Forecast, By Series
10.3.1 Rec Lite
10.3.2 Recreation
10.3.3 Freestyle
10.3.4 Performance
10.3.5 Luxury
11 Global Personal Watercraft Market, By Distribution Channel
11.1 Y-O-Y Growth Comparison, By Distribution Channel
11.2 Global Personal Watercraft Market Share Analysis, By Distribution Channel
11.3 Global Personal Watercraft Market Size And Forecast, By Distribution Channel
11.3.1 Direct Channel
11.3.2 Indirect Channel
12 Global Personal Watercraft Market, By Seat Model
12.1 Y-O-Y Growth Comparison, By Seat Model
12.2 Global Personal Watercraft Market Share Analysis, By Seat Model
12.3 Global Personal Watercraft Market Size And Forecast, By Seat Model
12.3.1 Double
12.3.2 Single
12.3.3 Triple
12.3.4 Others
13 Global Personal Watercraft Market, By End Use
13.1 Y-O-Y Growth Comparison, By End Use
13.2 Global Personal Watercraft Market Share Analysis, By End Use
13.3 Global Personal Watercraft Market Size And Forecast, By End Use
13.3.1 Rental
13.3.2 Individual
13.3.3 Government
14 Global Personal Watercraft Market, By Region
14.1 Global Personal Watercraft Market Share Analysis, By Region
14.2 Global Personal Watercraft Market Share Analysis, By Region
14.3 Global Personal Watercraft Market Size And Forecast, By Region
15 North America Personal Watercraft Market Analysis And Forecast (2022-2027)
15.1 Introduction
15.2 North America Personal Watercraft Market Share Analysis, By Type
15.3 North America Personal Watercraft Market Share Analysis, By Components  
15.4 North America Personal Watercraft Market Share Analysis, By Propulsion Type
15.5 North America Personal Watercraft Market Share Analysis, By Hull Type
15.6 North America Personal Watercraft Market Share Analysis, By Functionality 
15.7 North America Personal Watercraft Market Share Analysis, By Series
15.8 North America Personal Watercraft Market Share Analysis, By Distribution Channel
15.9 North America Personal Watercraft Market Share Analysis, By Seat Model
15.10 North America Personal Watercraft Market Share Analysis, By End Use
15.11 North America Personal Watercraft Market Size And Forecast, By Country
15.11.1 U.S.
15.11.2 Canada
15.11.3 Mexico
16europe Personal Watercraft Market Analysis And Forecast (2022-2027)
16.1 Introduction
16.2 Europe Personal Watercraft Market Share Analysis, By Type
16.3 Europe Personal Watercraft Market Size And Forecast, By Components  
16.4 Europe Personal Watercraft Market Size And Forecast, By Propulsion Type
16.5 Europe Personal Watercraft Market Size And Forecast, By Hull Type
16.6 Europe Personal Watercraft Market Size And Forecast, By Control Type
16.7 Europe Personal Watercraft Market Size And Forecast, By Series
16.8 Europe Personal Watercraft Market Size And Forecast, By Distribution Channel
16.9 Europe Personal Watercraft Market Size And Forecast, By Seat Model
16.10 Europe Personal Watercraft Market Share Analysis, By End Use
16.11 Europe Personal Watercraft Market Size And Forecast, By Country
16.11.1 Germany
16.11.2 France
16.11.3 Uk
16.11.4. Rest Of Europe
17asia Pacific Personal Watercraft Market Analysis And Forecast (2022-2027)
17.1 Introduction
17.2 Asia Pacific Personal Watercraft Market Share Analysis, By Type
17.3 Asia Pacific Personal Watercraft Market Size And Forecast, By Components  
17.4 Asia Pacific Personal Watercraft Market Size And Forecast, By Propulsion Type
17.5 Asia Pacific Personal Watercraft Market Size And Forecast, By Hull Type
17.6 Asia Pacific Personal Watercraft Market Size And Forecast, By Control Type
17.7 Asia Pacific Personal Watercraft Market Size And Forecast, By Series
17.8 Asia Pacific Personal Watercraft Market Size And Forecast, By Distribution Channel
17.9 Asia Pacific Personal Watercraft Market Size And Forecast, By Seat Model
17.10 Asia Pacific Personal Watercraft Market Share Analysis, By End Use
17.11 Asia Pacific Personal Watercraft Market Size And Forecast, By Country
17.11.1 China 
17.11.2 Japan
17.11.3 India
17.11.4. Rest Of Asia Pacific
18latin America Personal Watercraft Market Analysis And Forecast (2022-2027)
18.1 Introduction
18.2 Latin America Personal Watercraft Market Share Analysis, By Type
18.3 Latin America Personal Watercraft Market Share Analysis, By Components  
18.4 Latin America Personal Watercraft Market Share Analysis, By Propulsion Type
18.5 Latin America Personal Watercraft Market Share Analysis, By Hull Type
18.6 Latin America Personal Watercraft Market Share Analysis, By Functionality 
18.7 Latin America Personal Watercraft Market Share Analysis, By Series
18.8 Latin America Personal Watercraft Market Share Analysis, By Distribution Channel
18.9 Latin America Personal Watercraft Market Share Analysis, By Seat Model
18.10 Latin America Personal Watercraft Market Share Analysis, By End Use
18.11 Latin America Personal Watercraft Market Size And Forecast, Country
18.11.1. Brazil
18.11.2.Rest Of Latin America
19middle East Personal Watercraft Market Analysis And Forecast (2022-2027)
19.1 Introduction
19.2 Middle East Personal Watercraft Market Share Analysis, By Type
19.3 Middle East Personal Watercraft Market Size And Forecast, By Components  
19.4 Middle East Personal Watercraft Market Size And Forecast, By Propulsion Type
19.5 Middle East Personal Watercraft Market Size And Forecast, By Hull Type
19.6 Middle East Personal Watercraft Market Size And Forecast, By Control Type
19.7 Middle East Personal Watercraft Market Size And Forecast, By Series
19.8 Middle East Personal Watercraft Market Size And Forecast, By Distribution Channel
19.9 Middle East Personal Watercraft Market Size And Forecast, By Seat Model
19.10 Middle East Personal Watercraft Market Share Analysis, By End Use
19.11 Middle East Personal Watercraft Market Size And Forecast, By Country
19.11.1. Saudi Arabia
19.11.2. Uae
19.11.3. Egypt
19.11.4. Kuwait
19.11.5. South Africa
21competitive Analysis
20.1 Competition Dashboard
20.2 Market Share Analysis Of Top Vendors
20.3 Key Development Strategies
21company Profiles
21.1 Yamaha Motor Co., Ltd.
21.1.1 Overview
21.1.2 Offerings
21.1.3 Key Financials
21.1.4 Business Segment & Geographic Overview
21.1.5 Key Market Developments
21.1.6 Key Strategies
21.2. Kawasaki Heavy Industries, Ltd.
21.2.1 Overview
21.2.2 Offerings
21.2.3 Key Financials
21.2.4 Business Segment & Geographic Overview
21.2.5 Key Market Developments
21.2.6 Key Strategies
21.3. Gibbs Sports Amphibians, Inc.
21.3.1 Overview
21.3.2 Offerings
21.3.3 Key Financials
21.3.4 Business Segment & Geographic Overview
21.3.5 Key Market Developments
21.3.6 Key Strategies
21.4 Belassi Gmbh
21.4.1 Overview
21.4.2 Offerings
21.4.3 Key Financials
21.4.4 Business Segment & Geographic Overview
21.4.5 Key Market Developments
21.4.6 Key Strategies
21.5 Mackinnon Marine Technologies
21.5.1 Overview
21.5.2 Offerings
21.5.3 Key Financials
21.5.4 Business Segment & Geographic Overview
21.5.5 Key Market Developments
21.5.6 Key Strategies
21.6 Vq Yachts
21.6.1 Overview
21.6.2 Offerings
21.6.3 Key Financials
21.6.4 Business Segment & Geographic Overview
21.6.5 Key Market Developments
21.6.6 Key Strategies
21.7 Krash Industries
21.7.1 Overview
21.7.2 Offerings
21.7.3 Key Financials
21.7.4 Business Segment & Geographic Overview
21.7.5 Key Market Developments
21.7.6 Key Strategies 
21.8 Strand Craft Design Llc.
21.8.1 Overview
21.8.2 Offerings
21.8.3 Key Financials
21.8.4 Business Segment & Geographic Overview
21.8.5 Key Market Developments
21.8.6 Key Strategies
21.9 E-Dolphin
21.9.1 Overview
21.9.2 Offerings
21.9.3 Key Financials
21.9.4 Business Segment & Geographic Overview
21.9.5 Key Market Developments
21.9.6 Key Strategies
21.10 Jiujiang Hison Motor Boat Manufacturing Co., Ltd.
21.10.1 Overview
21.10.2 Offerings
21.10.3 Key Financials
21.10.4 Business Segment & Geographic Overview
21.10.5 Key Market Developments
21.10.6 Key Strategies