Jet skiing accessories market-Ken Research

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Global Jet Ski Equipment Market Outlook to
2022-Ken Research
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The report titled 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) provides a
comprehensive analysis of Global Jet ski
Equipment market introduction, market size, value
chain and market segmentations 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, Online,
Hypermarkets, Department Stores Supermarkets
and Others). The report extensively covers
competition scenario, market share and
competitive landscape of major players including
sea-Doo, Dongguan Eyson Lifesaving Equipment,
Jettribe, OBrien, Yamaha and Kawasaki, SWOT
analysis and analyst recommendations. The report
facilitates the reader with the identification
and in-depth analysis of the existing and future
trends and issues that impact the industry.
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The report apprises the reader on the growth in
the future depending upon changing industry
dynamics in coming years. The report is useful
for water sports equipment manufacturers, Jet Ski
equipment manufacturers, distributors, specialty
sporting goods stores, department stores,
e-commerce portals, customers and other
stakeholders to plan their market centric
strategies in accordance with the ongoing and
expected trends in the future. Global Jet Ski
Equipment Market Size and Overview Market
Overview Globally International tourist arrivals
and international tourism expenditure has been
increasing at a steady pace over the review
period 2012-2017. Coupled with an increase in
interest of people towards soft adventure sports,
rising popularity of jet skiing adventure
sports and growing awareness regarding numerous
fitness-benefits of opting jet skiing has
supported growth in this industry. Americas has
been the biggest market in terms of expenditure
incurred by consumers in jet skiing equipments
followed by Europe, APAC and Middle East
Africa.
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Increase in demand has also been affected by
growing base of Millennial, higher disposable
income in major markets, presence of
well-established players and expanded
distribution network in new regions/countries. Ma
rket 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 Equipment Personal Watercrafts
(PWC) are the leading category of equipment in
the market and have captured the maximum share of
market in 2017. Major reason for PWCs to hold
higher revenue share in the market is its
increasing sale and high price.
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These equipments are bought by jet skiing
professionals, retail/recreational clients as
well as by large-scale and small scale Jet Ski
training camps and institutes in large
quantities. The average price of a PWC may range
from USD 5000 to USD 9000. The second largest
category of equipments was protective gear in
2017. This was followed by Clothing, Telescoping
Paddle and other accessories respectively. The
average price for helmets lies between USD 45-60
depending on the brand and for life jackets, it
varies from USD 40-140 depending on the material
of the vest. Protective gears are generally
available in all type of distribution channels
including company stores, specialty stores,
supermarkets, departments stores, hypermarkets
and online. Similarly, clothing is available at
all the distribution channels. Wetsuits priced in
the range of USD 100300 is preferred the highest
among the people. There are several excellent
foldable models of telescoping paddles that are
simple to store on the craft. They are also
designed in different formats. The average price
of a telescoping paddle in the market is about
USD 50. By Region The Global Jet Ski equipment
market was dominated by Americas in the year
2017.
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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.
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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.
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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 players. 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.
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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.
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For more information on the research report,
refer to below link https//www.kenresearch.com/c
onsumer-products-and-retail/sporting-equipments/gl
obal-jet-ski-equipment-market/149542-95.html   Rel
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Others).   Contact UsKen ResearchAnkur Gupta,
Head Marketing CommunicationsSales_at_kenresearch.
com91-9015378249
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