Global Jet Ski Equipment Market Outlook to 2022
by Equipments (PWCs, Protective Gear, Clothing, Telescoping Paddle and Other Accessories), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Department Stores & Supermarkets, Online and Others)
Region:Asia
Product Code:KR642
May 2018
63
About the Report
Global Jet Ski Equipment Market Size and Overview
Market Size: Low training cost, increase in variety of jet skiing equipments available in the market, primarily in terms of size, quality, capacity and utility, major players have been using diverse product portfolios and aggressive marketing & sales strategies to position themselves in the market. This has helped the market to grow at a CAGR of close to 10.0% during 2012-2017. Increased trade has been observed amongst major producing and consuming countries. Several leading manufacturers have invested huge amount in research & development segment to foster product innovations to increase durability and sturdiness of jet skiing equipments.
Market Segmentation
By Region: The Global Jet Ski equipment market was dominated by Americas in the year 2017. The region occupies the largest share owing to the presence of huge coastline, well-established water sports infrastructure and large number of jet skiing enthusiasts. In the recent years, jet skiing has been adopted as a recreational activity along with being taken-up professionally. Europe accounted for the second largest share in the jet skiing equipment market. The presence of increased number of water sports sites across Europe makes it the second-largest revenue contributor. APAC region also witnessed growth in demand for jet skiing equipments with an increase in both consumption and production especially in Australia, Thailand, Indonesia, and Cambodia. Middle East and Africa has accounted for the lowest share in the market. Major reasons to support such low revenue generation are low participation rates, less number of jet skiing facilities available and low awareness amongst population regarding jet skiing as a sports event.
By New and Existing Demand: In the year 2017, it has been observed that the existing demand from existing users and new demand from new customers have performed very positively in the market. Existing demand exceeded new demand by 10 percentage points in 2017. With up-gradation of products and new launches, customers replace their current equipments with the advanced ones. Moreover, with rising competition in various regional championships and more number of jet skiing camps being established to attract tourism, repeat demand from existing customers is very strong. Influenced by the health benefits of the sport including enhancing cardiovascular strength and strengthening of vital muscles throughout the body, such as calves, ankles, quads, hamstrings and hip flexors, among others, new customers have been attracted to the market.
By Distribution Channel: Company Stores and Specialty Stores dominate the market in 2017. This sales channel has been highly popular since major large scale manufacturers of jet skiing equipments usually operate through own brand stores that exclusively sell equipments of their brand. These are known as exclusive brand outlets of the companies located in various countries across the world. The purchase of sports equipments online has been gaining high popularity over the years. Department Stores, Hypermarkets and Supermarket stores have been the second highest contributor in 2017. These establishments offer a closer evaluation of products and provide the required support and information to consumers, especially through expert customer service personnel. Some of the well-known stores include Walmart and Tesco. Online Stores were in third place in terms of market share. Online stores offer seasonal discounts to attract customers and follow a competitive pricing policy. Some of the major online retailers selling sports equipments are Amazon and Alibaba.
Competitive Landscape: Competition in the Global Jet Ski equipment market is highly fragmented due to the presence of large number of regional player`s. In the Americas, however, the nature of competition is concentrated due to presence of a majority of market leaders having substantial control in terms of market share in 2017. Various manufacturing facilities are based in this region leading to large exports to countries. Similar is the scenario in Europe where Spain and Italy have been major manufacturing hotspots. The major players in the market carry out both manufacturing as well as trading. Competition in APAC and Middle East & Africa is still in the growth phase & highly fragmented. China, Japan, Indonesia and Australia are popular manufacturing destinations. There are about 10-15 major jet skiing equipment manufacturers operating in the global market. These players compete against each other on the basis of parameters such as price, product differentiation (product portfolio size and product innovations), distribution network, geographical penetration/geographical presence and research & development activities.
Future Analysis and Projections: Global Jet Ski equipment market has been anticipated to showcase a sound growth at a CAGR of close to 12.0% during the forecast period (2017-2022). Growth during this period is expected to be supported by the rising popularity of jet skiing as a recreational and professional activity, increase in the number of jet skiing championships, increase in demand from tourists, increased awareness regarding fitness benefits of jet skiing, expanding geographical presence of major manufacturers, intensifying distribution channels, expansion of online retailing, new product launches, government initiative to promote the usage of protective jet skiing equipments and others.
Key Topics Covered in the Report
- Global Jet Ski Equipment Market Introduction
- Global Jet Ski Equipment Market Size
- Global Jet Ski Equipment Market Segmentation by Equipments (PWCs, Protective Gear, Clothing, Telescoping Paddle and Other Accessories), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Department Stores & Supermarkets, Online and Others)
- Competitive Landscape in Global Jet Ski Equipment Market
- Strengths and Weaknesses of Major Players in global Jet Ski equipment Market
- Market Share of Major Players
- Company profiling for major players in Global Jet Ski Equipment Market
- Global Jet Ski Equipment Market Future Outlook And Projections
- SWOT Analysis
- Analyst Recommendations in Global Jet Ski equipment market
Products
Companies
- Sea-Doo,
- Dongguan Eyson Lifesaving Equipment,
- Jettribe,
- O’Brien,
- Yamaha Motors,
- Kawasaki Motors,
Table of Contents
1. Executive Summary
Market Potential
Market Segmentation
Competitive Landscape
Future Analysis and Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Approach - Market Sizing
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Regression Matrix
Limitations
3. Global Jet Ski Equipment Market Value Chain
Value Chain in a Nutshell
4. Global Jet Ski Equipment Market, 2012-2017
5. Global Jet Ski Equipment Market Segmentation, 2017
5.1. By Equipment (PWCs, Protective Gear, Clothing, Telescoping Paddle and Other Accessories), 2017
5.2. By Regions (Americas, Europe, APAC and Middle East and Africa), 2017
5.3. By Existing and New Demand, 2017
5.4. By Distribution Channel (Company Stores & Specialty Stores, Department stores, Hypermarkets & Supermarkets, Online Stores and Others), 2017
6. Competition Landscape
6.1. Competition Scenario (Competition Stage, Company Position & Competition Parameters), 2017
6.2. Market Share of Major Players (Protective Gear And PWCs), 2017
6.2.1. Market share of Major Players in Protective Gear Equipment Segment, 2017
6.2.2. Market Share of Major Players in PWC Equipment Segment, 2017
6.3. Strengths and Weaknesses of Major Players (Yamaha Motors, Jettribe, O’Brien, Sea-Doo) in Global Jet Ski Equipment market, 2017
6.4. Company Profiles
6.4.1. Sea-Doo
6.4.2. Dongguan Eyson Lifesaving Equipment
6.5. Other players (Jettribe, O’Brien, Yamaha and Kawasaki)
7. SWOT Analysis of Global Jet Ski Equipment Market
8. Global Jet Ski Equipment Market Future, 2018E-2022E
8.1. By Consumer Expenditure, 2022E
9. Global Jet Ski Equipment Future Market Segmentation, 2022E
9.1. By Equipment (PWCs, Protective Gear, Clothing, Telescoping Paddle and Other Accessories), 2022E
9.2. By Regions (Americas, Europe, APAC and MEA), 2022E
9.3. By Distribution Channel (Company Stores & Specialty Stores, Department Stores, Hypermarkets & Supermarkets, Online Stores and Others), 2022E
10. Analyst Recommendations
Disclaimer
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