Personal Watercraft/Jet-ski Market Analysis

Personal Watercraft/Jet-ski Market Analysis

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The gasoline segment held over 60% of the personal watercraft/jet-ski market share in 2022. Gasoline engines provide high-performance capabilities, allowing enthusiasts and professional riders to experience exhilarating speeds and dynamic maneuvers on the water. This factor appeals to the water sports segment, which demands superior acceleration and top speeds for competitive purposes.
 

Moreover, gasoline-powered jet skis offer a longer range compared to their electric counterparts. This extended range enables riders to explore larger bodies of water, embark on longer trips, and engage in recreational activities without the need for frequent recharging or battery replacements. Limited range is a significant factor for those who prefer longer excursions or need to cover considerable distances.
 

The recreation segment accounted for 40% of the personal watercraft/jet-ski market share in 2022, owing to the rise of professional jet skiing competitions and events. These events attract a larger audience & participants from around the world, creating a platform for professional riders to showcase their skills and compete for recognition and prizes. The growing media coverage and sponsorship opportunities associated with professional jet skiing have further contributed to the popularity of the sport, fueling the demand for jet-skis in the sports segment.
 

The North America personal watercraft/jet-ski market held a dominant share of over 60% in 2022, due to the presence of a large number of water bodies, coastal regions, and a strong water sports culture. The U.S., in particular, has a well-established jet-ski market, with high demand for both recreational and sports applications. The region has witnessed a steady market growth, fueled by factors such as disposable income levels, consumer preference for different leisure activities, and increased tourism.