Global Water Scooter Market Analysis: Ken Research
The water scooters are used as personal watercraft or the recreational watercrafts consisting of a platform over the riders can drive the water scooter. The water scooters are used movement or the adventures activities over the sea coasts and it also used by the force such as coast guards for patrolling and ensuring the safety & security over the beach coast. The water scooters demand mainly consists of water scooters or the jet skis are propelling the surface and underwater scooters. An upsurge over the demand of efficient water scooter and increase in the recreational activity registered a significant rise over the past years and is expected to grow substantially over the forecast period is creating a lucrative opportunity for market players.
According to the study, “Water Scooter Market by Application (Personal, Commercial, and Military), Propulsion Type (Fuel Operated and Battery Operated), and Vehicle Type (Underwater and Abovewater): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global water scooter market are Bombardier Recreational Products (BRP), Kawasaki Motors Corp., U.S.A., DiverTug, Yamaha Motor Co., Ltd., Dive Xtras Inc., Dive Gear (a subsidiary of Nellis Engineering Inc.), Sub-gravity, Torpedo Inc., SUEX S.r.l., TUSA (a subsidiary of Tabata Co., Ltd.). The key companies have started offering various water scooters and diver propulsion vehicles (DPVs) owing to an increase in the inclination for water sporting and scuba diving. In addition, the demand for better, efficient, and robust water scooters for the long-distance range further propelling the growth of the market. The inorganic growth strategies associated with market including acquisitions, and partnerships & collaborations. Moreover, these strategies have now paved the way for the expansion of business and customer base. The key market players from the water scooter market are expected to drive lucrative growth opportunities for the water scooter market over the forecast period.
Based on propulsion type, the water scooter market is segmented into battery operated and fuel operated. The battery-operated segment is expected to exhibit a higher CAGR owing to growth in technological advancements coupled with introduction of new types of fuels for propulsion during the forecast period. Based on the application, the market is segmented into commercial, personal, and military. The commercial segment dominates the market due to continuous developments carried out in water scooters and a rise in inclination towards water sporting. In addition, based on vehicle type, the market is segmented into underwater and above-water.
The water scooter market is driven by a rise in the use of water scooters for underwater exploration, followed by the ability to increase the driving range, increase in inclination towards scuba diving & other water sport activity and wide range of applications of water scooters in rescue operations. However, underwater safety issues may impact the market. Moreover, the increase in recreational activity and upsurge in demand for efficient water scooter are key opportunities for the market.
Based on geography, the North-American is a leading region in global water scooter market owing to rise in trend for deep-sea diving using water scooter and extensive applications of water sporting in the region.
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