Personal watercraft, also known as sea-doos or wave runners, are marine vehicles that are used recreationally for water sports activities. These work like motorcycles of the sea, providing the thrill of speed and acceleration. Personal watercraft comes with just enough seating space for 1-3 riders and requires minimal supervision for operation. Their nimbleness and maneuverability makes them a popular choice for activities like slalom riding and dock jumping. Technological advances have made modern personal watercraft easier and safer to operate, thus, attracting more first-time buyers into the market.
Market Dynamics:
Global personal watercraft market growth is driven by rising recreational boating and watersports activities. Growing interest of young adults in thrilling outdoor sports coupled with rising disposable incomes can drive the market growth. However, stringent safety regulations impose certain restraints on deployment of personal watercrafts in mass recreational activities. High insurance costs for personal watercraft can also hamper the market growth. Meanwhile, development of eco-friendly personal watercraft with reduced emissions can offer lucrative growth opportunities. Introduction of electric personal watercraft could accelerate their adoption in the near future.
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