According to Technavio’s latest market research study, the global jet skiing equipment market is expected to grow at a CAGR of more than 12% during the forecast period 2017 to 2021.
This study by Technavio provides a comprehensive evaluation of the global jet skiing equipment market in terms of revenue and evolving market trends. The market analysis also includes the latest analysis and forecasts for numerous market sectors and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below
Global jet skiing PWCs market: The increasing demand for environmental friendly personal watercrafts (PWCs) is driving the growth of this market segment. The sellers in the market are focusing on cleaner, quieter, technologically advanced, and versatile designs to expand the consumer base and generate more revenues. Moreover, the introduction of these innovative designs is aimed to comply with all applicable federal and state sound and emissions requirements.
“In recent years, vendors have made tremendous amount improvements in PWCs and are launching products integrated with advanced technology. Some of the technological innovations to improve the performance of these watercrafts include iBR, iTC, speed-limiting systems, and engine enhancement. The manufacturers are also incorporating additional features into their product lines which will fuel the growth of this market segment,” says Brijesh Kumar Choubey, a lead analyst at Technavio for research on outdoor gear.
Global jet skiing protective gear market: The increasing awareness of injuries is propelling the growth of the protective gear market segment. This segment consists of products consists of life jackets and helmets. The implementation of regulations mandating the usage of protective gear will increase the adoption of these gears during the forecast period. Additionally, vendors in the market are focusing on innovations in face masks to protect people from concussions and increase their own profitability at the same time.
Global jet skiing clothing market: The rising innovations and styles in product lines will fuel the demand for jet skiing clothing in the global market. The clothing available in the market includes board shorts, bathers, and rash suits. Vendors are offering gear that has better water absorbing properties and offer a snug fit with increased protection. The introduction of technologically advanced and aesthetically appealing clothing will fuel the market growth over the next four years.
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The top vendors operating in the global jet skiing equipment market are:
- Dongguan Eyson Lifesaving Equipment
- Jettribe
- Kawasaki Motors
- O’Brien
- Sea-Doo
- Yamaha Motor
Other prominent vendors in the market include BELLASI, Billabong, BODY GLOVE, BomBoard, Cressi, Dive Rite, Jetpilot, Quadrofoil, and Rave Sports.
A more detailed analysis is available in the Technavio report titled, ‘Global Jet Skiing Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Water Sports Gear and Equipment Market 2016-2020
- Global Diving Suit Market 2016-2020
- Global Adventure Tourism Market 2016-2020
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