Personal watercraft are also known as jet skis or water motorbikes. A personal watercraft is propelled by a motor and is fully enclosed with a hull. Also, a personal watercraft is designed in a way that if capsized, it does not retain water. The person who operates the personal watercraft either sits or stands over it to control it. These personal watercraft are fast and can easily change course in the water. They are a popular alternative for recreational purposes and sports. While riding personal watercraft, operator follows same boating rules as of other powered vessels, but they are also subjected to follow specific rules, such as speed-related rules for riders or operator’s safety. There are various stringent regulations regarding emission from personal watercraft, which have led manufacturers to focus on developing personal watercraft with such technological advancements that cause less pollution. From the advent of personal watercraft, they are being equipped with two-stroke engines, but as technological advancements are taking place, personal watercraft now comes with state-of-the-art four-stroke engines.
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Many original equipment manufacturers are present in North America, due to which this area holds a significant market share in the global personal watercraft market. While in Europe, increase in investment in sports and recreational activities fuel the overall growth of the market for personal watercraft.
As per the current scenario, it can be foreseen that the global personal watercraft market would grow exponentially over the forecast period.
Market scope and structure analysis:
Report Metric
Details
Market size available for years
2020–2027
Base year considered
2019
Forecast period
2021–2027
Forecast units
Value ($US)
Segments covered
Watercraft Type, Seating Capacity Type, Hull Type, Engine Displacement, Distribution Channel, and Region
Regions covered
North America (U.S., Canadaand Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)
Companies covered
Yahama Motors Co. Ltd., BRP Inc., Honda Motors Co. Ltd., Lampuga, Kawasaki Motors Corp., BRO Inc., Jiujiang Poseidon Motorboat Manufacturing Co. Ltd., Polaris Industries, Arctic cat Inc., SLVH s.r.o., Hubei Sanjiang Boats Science & Technology Co. Ltd, and Meyer Bootswerft.
COVID-19 Scenario Analysis:
- The COVID-19 pandemic has massively hit the global personal watercraft market.
- Demand for personal watercraft was mainly due to increasing leisure and water sport activities.
- However, stay at home orders in countries suffering from the coronavirus pandemic has affected the personal watercraft market.
- Traveling from one country to another or even within the country is on a halt in almost all the countries, causing a threat to the personal watercraft market.
- It is expected that the market will suffer even after this situation cools down, as people have become more cautious about their health.
- Also, due to a halt on export and import activities, manufacturers are facing problems regarding production because of the lack of raw material and labor.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Technological advancements such as introduction of quieter and cleaner personal watercraft, advent of multi-passenger watercraft, and four-stroke engines power promote growth of the global personal watercraft market. Moreover, change in lifestyles of people, improve in living standards, rise in disposable income, and increase in spending on leisure and sports recreational activities drive the global market for personal watercraft.
However, stringent government policies, emission norms, and safety regulations hamper the growth of the global personal watercraft market. Moreover, personal watercraft are not useful in transporting goods and passengers, limiting the market growth of personal watercraft to some extent. Increase in rate of fatality and accidents also slows down the growth of this market.
On the contrary, increase participation in sports and recreational activities helps in realizing stress, which can boost the sales of the global personal watercraft. Technological advancements and increase in investments in research & development also create growth opportunities for this market. Furthermore, due to safety and security reasons, the demand for personal watercraft would see a rise among marine or water police.
Key Benefits of the Report:
- This study presents the analytical depiction of the global personal watercraft industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global personal watercraft market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global personal watercraft market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global personal watercraft market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions Answered in the Personal Watercraft Market Research Report:
- What are the leading market players active in the personal watercraft market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What would be the detailed impact of COVID-19 on the market?
Personal watercraft are also known as jet skis or water motorbikes.
These personal watercraft are fast and can easily change course in the water.
They are a popular alternative for recreational purposes and sports.
While riding personal watercraft, operator follows same boating rules as of other powered vessels, but they are also subjected to follow specific rules, such as speed-related rules for riders or operator’s safety.
There are various stringent regulations regarding emission from personal watercraft, which have led manufacturers to focus on developing personal watercraft with such technological advancements that cause less pollution.
From the advent of personal watercraft, they are being equipped with two-stroke engines, but as technological advancements are taking place, personal watercraft now comes with state-of-the-art four-stroke engines.Request For Sample:- https://www.alliedmarketresearch.com/request-sample/10994Many original equipment manufacturers are present in North America, due to which this area holds a significant market share in the global personal watercraft market.
The cigarette lighter is found in many designs, sizes, and colors.
Market scope and structure analysis: Report Metric Details Market size available for years 2020–2027 Base year considered 2019 Forecast period 2021–2027 Forecast units Value ($US) Segments covered Type, Material, Distribution Channel, and Region Regions coveredNorth America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) Companies coveredZippo.
Visol, Colibri, Swedish Match Lighters BV, Integral Style, BIC Corporation, CLIPPER, Tokai, T. Dupont, Ningbo, XINHAI, Zhuoye Lighter.
The factories are also closed due to the lack of supply of raw material.The government is also facing problems due to the restrictions on import-export and travel that has caused losses for the economy and companies.
Get detailed COVID-19 impact analysis@ Request For Customization >>> https://www.alliedmarketresearch.com/request-for-customization/7396?reqfor=covid Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact AnalysisRapid urbanization, increase in disposable income, and rise in cigarette and cigar consumption are the factors that drive the growth of the global cigarette lighter market.
The increase in the availability and new designs has also increased the demand for the cigarette lighter.
Forensic Accounting MarketA new market study, titled “Forensic Accounting Market ” has been featured on Market Research Future.The global forensic accounting market is expected to reach USD 9.85 billion by 2025, registering a CAGR of 8.2% during the forecast period 2019–2025.
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.Increasing adoption of digital tools for investigation and stringent regulations and compliance is driving the global forensic accounting market.
However, with the advent of advanced technologies like analytics, high-level forensic tools such as various accounting and auditing tools and integrated forensic software suite have been developed which are largely used to streamline the investigation.
Vendors operating in the market is offering tools and solutions in line with the requirements of forensic accountants.
More Information@ https://www.marketresearchfuture.com/reports/forensic-accounting-market-8383Segmental AnalysisThe global forensic accounting market has been segmented on the basis of component, end user, and region Based on component, the forensic accounting market has been segmented into solution and services.
The growing adoption of forensic tools can be attributed to the growing demand for such software tools among law enforcement agencies and accounting firms.Based on end user, the forensic accounting market has been segmented into banking and insurance, law enforcement agencies, government, accounting firm, and others.
3M (US) the largest player operating the global temperature monitoring system market.
Its large share can be attributed to its unique product portfolio for temperature monitoring devices.
To provide improved product understanding to its customers, in May 2016, the company launched a compendium with the latest information and research findings related to 3M Bair Hugger.
A strong brand image and widespread geographic coverage are the factors expected to drive the company’s growth in the temperature monitoring systems industry in the coming years.
Omega’s strong product offerings, wide distribution network, and extensive customer base give it a competitive edge in the temperature monitoring systems industry.
Expected Revenue Growth: The temperature monitoring system market is projected to grow from USD 4.5 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 3.9%.
Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc.
Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry.
In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/filters-market/request-sampleGrowing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality.
In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies.
Further key findings from the report suggest:The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globeThe motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globeThe filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the regionThe market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period.
Filters Market - Porter’s Analysis3.10.1 Supplier Power3.10.2 Buyer Power3.10.3 Substitution Threat3.10.4 Threat from New Entrant3.10.5 Competitive Rivalry3.11 Filters Market - PESTEL Analysis3.11.1 Political Landscape3.11.2 Environmental Landscape3.11.3 Social Landscape3.11.4 Technology Landscape3.11.5 Economic LandscapeContinued………….
