Global Jet Skiing Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Jet Skiing Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Jet skiing is a private water sport, mainly used for popular recreational activities. It's a pleasant sport. Participants don't need any special training before hitting the waves. Almost all water sports, waves hit additional water sports machines. However, in jet skiing, safety is critical, so participants must use life jackets, helmet and other equipment before starting.

Market Overview:

The latest research study on the global Jet Skiing Equipment market finds that the global Jet Skiing Equipment market reached a value of USD 2614.63 million in 2022. It’s expected that the market will achieve USD 4011.63 million by 2028, exhibiting a CAGR of 7.4% during the forecast period.

Market Opportunities and Driver

With the promotion of the Olympic Games and national fitness for skiing, more and more people have joined the skiing sports. The upsurge of skiing sports drives the demand for skiing equipment, which can better protect people from injury in skiing.

Big brand companies provide customized services to better meet customer needs and provide better skiing equipment. In addition, manufacturers are strengthening their distribution channels to increase sales. To a certain extent, this has led to the rise of skiing equipment market.

For example, China, Japan are developing their industries, with the progress of economy and technology, the increasing demand of downstream, such as the increase of water sport industry, the market of Jet Skiing Equipment has great market potential in the future.

Market Challenges

For the upstream of the skiing equipment industry, the change of raw material price affects the increase of the manufacturing cost of jet skiing equipment in the manufacturing process, which leads to the high selling price. For the middle stream, with the growing number of jet skiing enthusiasts, the number of companies entering the jet skiing equipment market is increasing. The market competition incentive is difficult for new entrants to compete with large brands, and for the downstream. Although more and more people like jet skiing, and it is still a high-risk sport. Non-standard protective measures lead to rising mortality.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Yahama Motors, BRP Inc. and Kawasaki Motors with the revenue market share of 36.07%, 33.33% and 6.66% in 2018.

Yamaha Motor Co., Ltd., together with its subsidiaries, develops, produces, and sells motorcycles, marine products, power products, and industrial machinery and robots, and other products in Japan, North America, Europe, other Asian countries, and internationally. It offers commuter vehicles; recreational vehicles comprising allterrain vehicles, off-highway vehicles, and snowmobiles; and cruising, fishing, and wakeboard towing boats. The company also provides marine engines comprises outboard motors; personal watercrafts; electrically power assisted bicycles; automobile engines; unmanned helicopters; and golf and land cars. In addition, it offers power products, which include generators, multipurpose engines, and snow throwers; school pools; intelligent machinery, such as industrial robots and surface mounters; electric power units for wheelchairs, assist type electric power units, and lightweight electric wheelchairs; and parts and accessories.

RP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, sideby-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts. It sells its products through a network of independent dealers and distributors, as well as to original equipment manufacturers under the Can-Am, Ski-Doo, Lynx, SeaDoo, Evinrude, and Rotax brand names. The company also provides parts, accessories, and clothing, as well as other services.

Segmentation Overview:

Among different product types, PWCs segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Online Retail segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Jet Skiing Equipment market covered in Chapter 3:

Yahama Motors
Kawasaki Motors
Quadrofoil
O'Brien
Jetpilot
Cressi
Boardriders Inc.
Jettribe
Dongguan Eyson Lifesaving Equipment
BRP Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Jet Skiing Equipment market from 2018 to 2029 is primarily split into:

Protective Gear
PWCs
Clothing
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Jet Skiing Equipment market from 2018 to 2029 covers:

Sporting Goods Retailers
Supermarkets
Online Retail
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)