The global jet skiing equipment market to grow at a CAGR of 12.12% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global jet skiing equipment market for 2017-2021. To calculate the market size, the report analyses business dimensions with an eye on individual growth trends and contribution of upcoming market segments. The report also includes a discussion of the key vendors operating in this market.
One trend in market is advent of technological innovations. A rise in the launch of innovative water sports equipment including jet skiing equipment is expected to contribute to the growth of the market during the forecast period. The key competitors in the market are innovating their products in terms of design, color, shape, and weight to meet the needs of individual consumers.
The demand for water sports equipment is increasing as the number of beginners transitioning to seasoned recreational water sports enthusiasts is rising. Thus, many water sports equipment manufacturers are launching new lightweight and advanced equipment to cater to their requirements. The jet skiing industry is one of those industries that is witnessing many advancements in technology since its inception.
According to the report, one driver in market is growth in soft adventure sports enthusiasts. In 2016, a growing number of sports enthusiasts showed interest in alternative physical activities like outdoor and adventure sports including backpacking, scuba diving, rafting, snorkeling, stand-up paddle boarding, wakeboarding, jet skiing, and leaf peeping. This growth is mainly because of the increased participation of health-conscious people who prefer to stay fit and healthy.
- Rise in popularity and adoption of jet skiing
- Growth in soft adventure sports enthusiasts
- Increasing number of water sporting facilities worldwide
- Introduction of eco-friendly jet skiing equipment
- High degree of accidental risks
- Consumer shift to jet ski equipment rentals
- Unfavorable weather conditions
- High flexibility in raw material prices
- Debut of World Beach Games in 2017
- Advent of technological innovations
- Increase in the number of female Participation in water sports
- More preference to fitness due to changing lifestyle
- Dongguan Eyson Lifesaving Equipment
- Kawasaki Motors
- Yamaha Motor
Other prominent vendors
- BODY GLOVE
- Dive Rite
- Rave Sports
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