Water Scooter Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A water scooter is a kind of watercraft on which the rider can stand or sit. Water scooters are also known as diver propulsion vehicles (DPVs). Water scooter has the ability to increase the diving range. The rise in use of water scooters for underwater exploration is a crucial factor that is contributing towards the growth of the water scooter market. An increase in inclination towards scuba diving and other water sport activities is driving the demand for respective water scooters. A wide range of applications of water scooters in rescue operations is also fueling the growth of the market.

MARKET SCOPE

The "Global Water Scooter Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the water scooter market with detailed market segmentation by propulsion type, vehicle type, application, and geography. The report provides key statistics on the market status of the leading water scooter market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on propulsion type, the global water scooter market is segmented into fuel operated and battery operated.
  
•   On the basis of vehicle type, the market is segmented into underwater and above water.
  
•   Based on application, the market is bifurcated into personal, commercial and military.
  

MARKET DYNAMICS

Drivers:

•   Growing inclination towards water sport activities.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of water scooters.
  

Restraints:

•   Unorganized retail sector in few developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The water scooter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the water scooter market in these regions.

IMPACT OF COVID-19 ON WATER SCOOTER MARKET

The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Restrictions of limited workforce at production site also affected the market from supply side. Also considering salary cuts or job losses, consumer lowered all the non-essential expenses. All the mentioned factors have impacted the water scooter market negatively.

MARKET PLAYERS

The report covers key developments in the water scooter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from water scooter market are anticipated to lucrative growth opportunities in the future with the rising demand for water scooter in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the water scooter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Bombardier Recreational Products (BRP)
  
•   Dive Xtras Inc.
  
•   DiverTug
  
•   Kawasaki Motors
  
•   SubGravity
  
•   SUEX SRL
  
•   Torpedo Inc.
  
•   TUSA
  
•   Nellis Engnieering, Inc.
  
•   Yamaha Motor
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Water Scooter Report Scope