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

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

Jet Ski is the brand name of a personal water craft (PWC)manufactured by Kawasaki, a Japanese company. The term is often used generically to refer to any type of personal watercraft used mainly for recreation.

Market Overview:

The latest research study on the global Jet Skis market finds that the global Jet Skis market reached a value of USD 1869.31 million in 2022. It’s expected that the market will achieve USD 2746.35 million by 2028, exhibiting a CAGR of 6.62% during the forecast period.

SWOT Analysis

Strength

Market and technological maturity
Jet Skis has Excellent performance and Wide range of applications
Giant companies have a good brand effect

Weakness

Related Policy constraints
Existence of negative environmental impacts

Opportunities

Technological innovation and new product development
People's increasing attention to Jet Skis and increasing interest in Jet Skis sports

Threat

Macroeconomic downside
Some alternative water sports tools, such as Amphibious Motorcycle
The impact of the escalation of the Sino-US trade war on the fluctuation of raw material prices

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Yamaha Motor is one of the major players operating in the Jet Skis market, holding a share of 46.23% in 2020.

Yamaha Motor Co., Ltd. manufactures motorcycles. The Company also produces motor vehicle engines for Toyota Motor Corp. and Ford Motor Co. Yamaha Motor's specialty products include motor boats, snowmobiles, golf carts, and electric power generators. Yamaha Motor sells products in Japan, North America, Europe, Asia, and South America.

BRP Inc. of Canada designs, develops, manufactures, and distributes recreational vehicles. The Company offers watercrafts, sport boats, snowmobiles, pontoons, marine propulsion systems, and all-terrain and utility vehicles, as well as engines for karts, motorcycles, and recreational aircrafts. BRP serves customers worldwide. Sea-Doo is a Canadian brand of personal water craft and boats manufactured by Bombardier Recreational Products (BRP).

Segmentation Overview:

Among different product types, 1493cc-1498cc segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Recreation segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Jet Skis market covered in Chapter 3:

HISON
Yamaha Motor
Sea-Doo
BELLASI
Kawasaki Motors
BomBoard

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

701cc
1493cc-1498cc
1812cc
Other

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

Recreation
High Performance
Luxury
Sport
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)