The global water scooter market size is likely to attain over USD 2.54 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 7.2% during the forecast years 2021-2028. A water scooter is a watercraft that the rider stands on or sits on it. They are also known as diver propulsion vehicles (DPVs). It has the ability to increase the diving range and rise in use of water scooters for underwater exploration. Besides, it helps in navigation, and enhance the performance of scooters.
The present and future water scooter market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the water scooter market opportunities during the forecast years. Factors such ability of water scooters to increase the diving range and rise in use of water scooters for underwater exploration are the key factor driving the market growth for water scooter.
Also, water scooter can be used for navigation, which is another factor driving market growth. However, upsurge in safety issues related while riding is hampering the market growth. Furthermore, wide application of water scooters in rescue operations is likely to provide lucrative development opportunities for the water scooter market in the forthcoming years.
The report also emphasizes several distinctiveness of the global water scooter industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the water scooter industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The water scooter market has tough competition among the new emerging and pre-established market vendors. Besides, the water scooter industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on Propulsion Type segment, the market is bifurcated into Battery Operated and Fuel Operated. In 2020, the Battery Operated is predicted to achieve the largest growth during the forecast years 2021-2028. On the other hand, the same segment seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years. It is due to DPV, which usually consists of a pressure-resistant watertight casing containing a battery-powered electric motor, which drives a propeller worldwide. Moreover, the rise in consumer demand for automated water scooter contributes to the high Battery Operated segment growth in the forecast period.
The Asia-Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the water scooter market in this region is mostly ascribed to the rise in the number of research grants and an increase in demand for prophylaxis of life-threatening diseases in countries such as India, Japan, and China to compete against other regional players. However, the North American region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the presence of key players in the region to enhance their business and the presence of a large number of outdoor sports enthusiasts and water sporting sites across Europe make it the second-largest revenue contributor to the water scooter market.
The major players of the global water scooter market are Yamaha, Kawasaki, Bombardier, Bayliner, Atlantis, Birchwood Marine International, Sunseeker, Heysea, sea-dooThe Water Scooter, and ASIWO. Moreover, the additional prospective market players in the water scooter market are Dive Xtras Inc., SubGravity and Torpedo Inc. Renowned companies are offering new and modern water scooter software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Water Scooter Market
Propulsion Type Overview, 2019-2028 (USD Million)
- Fuel Operated
- Battery Operated
End Use Overview, 2019-2028 (USD Million)
Vehicle Type Overview, 2019-2028 (USD Million)
- Under Water
- Water Surface
Regional Overview, 2019-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America