Global Water Scooter Market to Reach US$ 3.4 Billion by 2032, Stimulated by Rising Traveling Activities

June 12, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled "Water Scooter Market Report by Vehicle Type (Under Water, Water Surface), Propulsion Type (Fuel Operated, Battery Operated), Application (Personal, Commercial, Military), and Region 2024-2032," the global water scooter market size reached US$ 1.8 Billion in 2023. A water scooter is a recreational vehicle that comprises a water jet and enables the rider to travel through the surface of the water. It is powered by a battery and provides forward propulsion through a basic propeller system at the rear. It also helps propel swimmers underwater and expand range without any additional physical exertion. As it is used by individuals to do cave diving and technical diving effortlessly, the demand for water scooter is rising worldwide.

Global Water Scooter Market Trends:

At present, the increasing demand for water scooters for carrying out underwater exploration activities to watch corals and various species of fish represents one of the key factors propelling the growth of the market. Besides this, rising travel among the masses to visit new destinations and indulge in various adventure sports, including snorkeling, scuba diving, and riding water scooters, are contributing to the growth of the market. In addition, the growing utilization of deep propulsion vehicles by military forces to carry out rescue missions is offering a favorable market outlook. Apart from this, the wide availability of lightweight, portable, and powerful sea scooters is supporting the growth of the market. Additionally, the increasing utilization of sea scooters by coast guards in rescue operations to maintain safety and security on beach coasts is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 3.4 Billion by 2032, exhibiting a CAGR of 7.1% during 2024-2032.

Market Summary:

On the basis of the vehicle type, water surface represents the largest segment, followed by under water.
Based on the propulsion type, the market has been bifurcated into fuel operated and battery operated. At present, fuel operated holds the biggest share in the market.
On the basis of the application, the market has been classified into personal, commercial, and military. Presently, commercial accounts for the total market share.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Bombardier Recreational Products Inc., Dive Xtras Inc., Divertug, Kawasaki Heavy Industries Ltd., Nellis Engineering Inc., SubGravity, Suex Srl, Torpedo Inc., TUSA Inc., and Yamaha Motor Co. Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Vehicle Type, Propulsion Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Bombardier Recreational Products Inc., Dive Xtras Inc., Divertug, Kawasaki Heavy Industries Ltd., Nellis Engineering Inc., SubGravity, Suex Srl, Torpedo Inc., TUSA Inc. and Yamaha Motor Co. Ltd.
Customization Scope	10% Free Customization
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Global Water Scooter Market to Reach US$ 3.4 Billion by 2032, Stimulated by Rising Traveling Activities

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