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Water Scooter Market Expected to Rise at 9.5% CAGR during 2022-2027

According to the latest report by IMARC Group, titled Water Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global water scooter market reached a value of US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 9.5% during 2022-2027.

A water scooter is widely used for traveling and recreational activities across the ocean or seacoasts. It generally consists of a handlebar, narrow platform and hydrofoil. Additionally, it is easy to maintain and repair while exhibiting greater maneuverability. Some of the commonly used water scooter variants include deep propulsion vehicles (DPVs) and water jet bikes.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Market Trends:

The global market is primarily driven by the rising popularity of water-based adventure activities among the masses. This is compelling individuals, especially young adults, to participate in water sports, thereby providing a boost to the market growth. In line with this, the widespread usage of water scooters by search and rescue agencies and defense groups in coastal areas for rescue operations is also creating a positive outlook for the market. The market is further driven by significant growth in the tourism industry on the global level. Along with this, rising investments by private and public agencies to upgrade the existing travel and tourism sector is propelling the market growth across the globe.

Water Scooter Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Bombardier Recreational Products Inc.
  • Dive Xtras Inc.
  • Divertug
  • Kawasaki Heavy Industries Ltd.
  • Nellis Engineering Inc.
  • SubGravity
  • Suex Srl
  • Torpedo Inc.
  • TUSA Inc.
  • Yamaha Motor Co. Ltd.

The report has segmented the market on the basis on region, vehicle type, propulsion type, application.

Breakup by Vehicle Type:

  • Under Water
  • Water Surface

Breakup by Propulsion Type:

  • Fuel Operated
  • Battery Operated

Breakup by Application:

  • Personal
  • Commercial
  • Military

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://bit.ly/3oWbIgx

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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