Water Sports Vehicles Market to be dominated by River Water Sports through 2027

Increased expenditure capacity and ongoing technological advancements drive the demand for global water sports vehicles market over the forecast period, 2023-2027.

According to TechSci Research report, “Water Sports Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global water sports vehicles market is anticipated to grow at a significant rate in the forecast period, 2023-2027. Global water sports vehicles market is driven by the increase in the use of water scooters for underwater exploration and adventure activities and the rise in the disposable income of middle-class families. Water sport vehicles are used for recreational purposes and used for adventure activities on the sea and ocean coasts. The most common water sports vehicles are water scooters and bikes, as they are readily available at affordable rates. Deep propulsion vehicles and water jet bikes are some of the most common water scooters, and they are operated by fuel or battery-powered systems. Water scooters are highly popular among the coastguards to ensure the safety of beaches. Water sports vehicles are generally light in weight and help the divers to increase the range for underwater exploration.

However, safety issues underwater may restrain the market growth in the forecast period.

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The global water sports vehicles market is segmented into vehicle type, distribution channel, location, regional distribution, and competitive landscape.

Based on vehicle type, the market is divided into speed boat, watercraft, skiing boat, deck boat, rowing boat and others. Skiing boat segment is expected to account for significant market share in the forecast period as it is one of the most exhilarating water sports and provides several health benefits to the user. Water skiing improves the core strength and tones the leg and muscles of the body. 

Based on location, the market is divided into river water sports, sea water sports, and others. River water sports are expected to capture the highest market share in the forecast period. Riding on the water on river waves is a different and unique experience than on the sea waves, which is a major reason for their popularity among water sports enthusiasts. Rafting, sculling, fishing, and yachting are the other common activities that take place on the river and require the use of water sports vehicles.

Major operating companies operating in global water sports vehicles market are:

• Porter, Inc.
• Sea Sport Boats Inc.
• Brunswick Corporation
• The MasterCraft Boat Company
• Malibu Inc.
• Polaris Inc.
• Bombardier Recreational Products Inc.

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“The emergence of the online platforms and availability of the water sports vehicle for rental purposes is expected to have a significant impact on the global water sports vehicle market. Market players provide water sports vehicles at rent to the tourist and generally include the cost in the tourist package. The rise in the number of market players providing water sports vehicles at affordable rates is garnering customer attraction. The growing popularity of water sports and adventure activities and the launch of advanced water sports vehicles providing higher comfort and safety to riders are expected to propel the growth of the global water sports vehicle market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Water Sports Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Speed Boat, Watercraft, Skiing Boat, Deck Boat, Rowing Boat, Others), By Distribution Channel (Dealer, Direct from Manufacturer, Online), By Location (River Water Sports, Sea Water Sports, Others), and By Region”, has evaluated the future growth potential of global water sports vehicles and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global water sports vehicles market.

 

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