"Surfing the Market Swell: A Futuristic Outlook on the Personal Watercraft Industry"
The global personal watercraft market is expected to grow at a positive CAGR of 6% and reach a substantial value by 2032. The target market was valued at US$ 1.6 Bn in 2020 and will likely continue to perform well during the forecast period. With the increasing application of personal watercraft in marine and water police forces, the market for the same is projected to grow over the next few years. Personal watercraft were introduced as models that were equipped with two-stroke engines. However, with ever-changing technology, the personal watercraft of today are empowered with high-tech four-stroke engines. Such personal watercraft boats are in high demand in sports and leisure activities. This exerts a positive influence on the overall market growth. Again, technological advancements in the personal watercraft sector have resulted in the emergence of quieter and cleaner personal watercraft. In the past decade, these water vessels caused a lot of pollution as they w...