Water Scooter Market 2022: Industry Size, Share, Growth, Scope and Forecast 2027

According to the latest report by IMARC Group, titled “Water Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global water scooter market reached a value of US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2027, exhibiting a CAGR of 9.5% during 2022-2027.

A water scooter is widely used for traveling and recreational activities across the ocean or seacoasts. It generally consists of a handlebar, narrow platform and hydrofoil. Additionally, it is easy to maintain and repair while exhibiting greater maneuverability. Some of the commonly used water scooter variants include deep propulsion vehicles (DPVs) and water jet bikes.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global market is primarily driven by the rising popularity of water-based adventure activities among the masses. This is compelling individuals, especially young adults, to participate in water sports, thereby providing a boost to the market growth. In line with this, the widespread usage of water scooters by search and rescue agencies and defense groups in coastal areas for rescue operations is also creating a positive outlook for the market. The market is further driven by significant growth in the tourism industry on the global level. Along with this, rising investments by private and public agencies to upgrade the existing travel and tourism sector is propelling the market growth across the globe.

Breakup by Vehicle Type:

• Under Water
• Water Surface

Breakup by Propulsion Type:

• Fuel Operated
• Battery Operated

Breakup by Application:

• Personal
• Commercial
• Military

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Bombardier Recreational Products Inc
• Dive Xtras Inc
• Divertug
• Kawasaki Heavy Industries Ltd
• Nellis Engineering Inc
• SubGravity
• Suex Srl
• Torpedo Inc
• TUSA Inc
• Yamaha Motor Co. Ltd

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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