The water scooter market to grow by USD 920.82 million from 2021 to 2026; the market is concentrated due to the presence of prominent companies like Apollo Sports USA Inc and BRP & Dive Xtras - Technavio

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The water scooter market is estimated to grow by USD 920.82 million from 2021 to 2026, growing at a CAGR of 9.04%. The water scooter market is concentrated owing to the presence of many global and regional companies. A few prominent companies that offer water scooter market are Apollo Sports USA Inc, BRP, Dive Xtras, Divertug, Kawasaki Heavy Industries Ltd., Logic Dive Gear, SubGravity, Torpedo Inc., TUSA, and Yamaha Motor Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying

Company Offering:

• Apollo Sports USA Inc: The company offers water scooters such as AV 2 Evolution.
• BRP: The company offers water scooters such as Spark and Spark Trixx. 
• For details on companies and their offerings – Buy report!

By Geography, the market is classified as North America, Europe, APAC, Middle East and Africa, and South America.

North America is estimated to contribute 30% to the growth of the global market during the forecast period. The demand for water adventure tourism is increasing as extreme sports and other vacation activities with a higher adrenaline factor become more and more popular. The growing disposable income and increased leisure spending will contribute to the significant growth of the water adventure tourism industry in North America. Furthermore, the US and Canada are the largest contributors to the growth of the waterbike market in the region. In addition, the growing number of domestic and foreign tourists, the rapid growth of water motor championships and events as well as the presence of well-known suppliers will continue to drive the development of the North American water scooter market during the forecast period.

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• Impactful driver- Growing number of water sporting facilities globally
• Key Trend - Increasing participation in water sporting activities and adventures
• Major Challenges - The high degree of risks involved with water scooters and water sports 

 Market Segmentation

• By Type, the market is classified into abovewater and underwater. The abovewater segment is estimated to witness significant growth during the forecast period. Jetbikes and skateboards are scooters that used in abovewater. Jet skis are compact and lightweight watercraft that can be used for fun activities like surfing or floating along rivers or oceans. In addition, water motorbikes are often used for racing competitions, exhibitions, or other entertainment purposes. Abovewater scooters bring great enjoyment to riders, attract more people, and increase sales every year. In addition, increasing consumer spending on leisure activities and increasing urbanization are other factors contributing to the growth of the segment, which is expected to continue during the forecast period.

Technavio Research experts has provided more insights on the market share of segments - View Sample Report

Related Reports:

The in-the-water sports equipment market size is estimated to grow at a CAGR of 4.43% between 2022 and 2027. The market size is forecast to increase by USD 6,085.46 million. Furthermore, this in-the-water sports equipment market report extensively covers market segmentation by product (sports gear and sports apparel), type (swimming, water aerobics, and water polo), distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). Increasing interest and participation in water sports is a major factor driving the market growth.

The surface water sports equipment market size is estimated to grow at a CAGR of 7.96% between 2022 and 2027. The market size is forecast to increase by USD 13,175.17 million. Furthermore, this surface water sports equipment market report extensively covers market segmentation by type (surfing, boarding, sailing, skiing, and others), product (apparel, paddle sports equipment, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing number of water sporting facilities globally is driving the market growth

Table of Contents 

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Propulsion

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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SOURCE Technavio