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Get a free sample of Personal Watercraft/Jet-ski Market
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Kawasaki Corporation, BRP, Inc. and Yamaha Motor Co., Ltd. hold a significant market share of more than 90% in the personal watercraft/jet-ski industry. Kawasaki Motor Corp. and Yamaha Motor Corporation are investing heavily in expanding their product portfolio by launching new products. They are investing in research and development to launch new environmentally friendly watercrafts by reducing their dependence on fuel and developing jet skis that will run efficiently on renewable energy sources.
Yamaha Motor Corporation is also investing in developing environmentally friendly components for personal watercrafts, with the rising awareness of adopting clean and green equipment and tools.
Major players operating in the personal watercraft/jet-ski industry are:
The market size of personal watercraft/jet-ski reached USD 1.9 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, driven by growing government plans for the tourism industry and surging electrification across powersports.
The gasoline segment in the personal watercraft/jet-ski industry is expected to reach USD 1.8 billion by 2032, due to higher power, ease of maintenance, and cost efficiency for enhancing user experience and customization options.
North America market held over 62% revenue share in 2023, owing to growing investments in jet ski activities in costal and lakeside areas and the rising demand among millennials and Gen Zs.
BRP, Inc., Gibbs Sports Amphibians Inc., Honda Motor Co., Ltd., Kawasaki Corporation, Kymco, Mar Sea, Polaris, Inc., Redline Performance Products, and Yamaha Motor Co., Ltd.