Water Scooter Market to Reach $2.2 Bn, Globally, by 2026 at 7.2% CAGR: Allied Market Research

PORTLAND, Oregon, Jan. 16, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Water Scooter Market by Application (Personal, Commercial, and Military), Propulsion Type (Fuel Operated and Battery Operated), and Vehicle Type (Underwater and Abovewater): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global water scooter industry generated $1.3 billion in 2018, and is expected to reach $2.2 billion by 2026, growing at a CAGR of 7.2% from 2019 to 2026.

Prime determinants of growth

The ability to enhance diving range, surge in usage for underwater exploration, and ease in navigation drive the growth of the global water scooter market. However, safety issues related to driving hinder the market growth. On the other hand, its wide applications during rescue operations create new opportunities and open new pathways.

Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/6256

The commercial segment to grow fastest & generate the highest revenue by 2026

Based on application, the commercial segment contributed to more than two-fifths of the total share of the global water scooter market in 2018, and is expected to maintain its leadership position during the forecast period. Moreover, this segment is expected to register the fastest CAGR of 9.7% from 2019 to 2026. This is due to rise in inclination towards water sporting and continuous developments carried out in water scooters. Moreover, the research analyzes the segments including personal and military.

The fuel-operated segment to maintain its dominance in terms of revenue by 2026

Based on propulsion, the fuel-operated segment held the largest market share of the global water scooter market, accounting for more than four-fifths of the total market share in 2018, and is estimated to maintain its dominance in terms of revenue by 2026. This is attributed to enhanced and better performance offered by these scooters. However, the battery-operated segment is expected to grow at the highest CAGR of 10.5% from 2019 to 2026, owing to technological advancements and introduction of new type of fuels for propulsion.

North America to offer lucrative opportunities

Based on region, North America accounted for the highest market share in terms of revenue, generating nearly half of the global mobile scooter market in 2018, and is estimated to dominate in terms of revenue during the forecast period. Moreover, this region is estimated to maintain the highest CAGR of 7.9% from 2019 to 2026. This is a lucrative segment, due to extensive applications of water sporting in the region and trend for deep sea diving using water scooters. The research also analyzes Europe, Asia-Pacific, and LAMEA.

For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6256 

Leading market players

• Bombardier Recreational Products (BRP)
• DiverTug
• Dive Xtras Inc.
• Kawasaki Motors Corp., U.S.A. (subsidiary of Kawasaki Heavy Industries, Ltd.)
• Logic Dive Gear (subsidiary of Nellis Engineering Inc.)
• SUEX S.r.l.
• Sub-gravity
• Torpedo Inc.
• TUSA (subsidiary of Tabata Co., Ltd.)
• Yamaha Motor Co., Ltd.

Avenue Basic Plan | Library Access

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Get more information: https://www.alliedmarketresearch.com/Avenue-Membership-details

Similar Reports:

Air Taxi Market Will Reach $6.63 Billion by 2030, with Top Manufacturer 

Electric Vehicle Market is Expected to Grow High CAGR of 22.3% by 2025

Hydrogen Fuel Cell Vehicle Market to Generate $42,038.9 Million by 2026

Low Speed Electric Vehicle Market to Accrue $7,617.3 million by 2025

Pre-book Offer 12% Discount:

Electric Mobility Scooter Market

Water Taxi Market

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com 
Follow us on: https://www.linkedin.com/company/allied-market-research

Logo - https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

SOURCE Allied Market Research