A personal watercraft (PWC)
, also called water scooter, and comically a boatercycle, is a recreational watercraft that the rider sits or stands on, rather than inside of, as in a boat.
In the coming years there is an increasing demand for Personal Watercraft in the regions of United States and Europe that is expected to drive the market for more advanced Personal Watercraft. Increasing of Personal Watercraft fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Personal Watercraft will drive growth in United States and Europe markets.
The following manufacturers are covered:
At the same time, North America, occupied 70% sales market share in 2018 is remarkable in the global Personal Watercraft industry.
The consumption volume of Personal Watercraft is related to downstream demand and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Personal Watercraft industry may not keep that fast. But it is surely forecasted that the market of Personal Watercraft is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Personal Watercraft market to approach these areas. GLOBAL INFO RESEARCH analysis of the Personal Watercraft market indicated that North America would maintain the highest sales in 2025 with close to 71 percent of global sales coming from this region, and China has the highest growth rate. Vendors recognize the importance of this region, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Personal Watercraft is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Personal Watercraft and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.