Jet ski is a type of personal water craft which is primarily used for popular recreational activity. It is an enjoyable sport and participants do not require any special training before hitting the water waves. Almost with all the water-based sports, the waves hitting is extra onto the other water based sports machine. However, in jet skiing, safety is of supreme importance, and therefore, it is compulsory for participants to use life jackets, helmet, and other equipment before getting started.
The global jet ski equipment market is driven by several factors, for instance, increasing popularity of world beach games promoted by Association of National Olympic Committees, and rising number of water sporting facilities all across the globe. These factors are projected to drive the jet ski equipment market throughout the forecast period. Furthermore, manufacturers are enhancing their distribution channels to increase the sales. As a result, the market is estimated to witness rising adoption of jet ski equipment.
However, many consumers use the jet ski equipment on a rental basis. Additionally, high fluctuation in raw material prices is estimated to restrain the jet ski equipment market throughout the forecast period. Introduction of environment friendly jet skiing equipment is projected to be an opportunity for the market in the coming years.
The global jet ski equipment market has been bifurcated in terms of product type, distribution channel, and region. According to product type, the market has been segregated into protective gear, PWCS, clothing, telescoping paddle, towable tubes, and other jet ski accessories such as dock line, and waterproof dry box for phone, etc.
Protective gear product type sub-segment is expected to expand at a higher rate during the forecast period. In terms of distribution channel, the market is segmented into offline distribution channel and online distribution channel. Online distribution channel includes e-trailer websites and company websites.
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The offline distribution channel consists of sports retailers, departmental stores, hypermarkets, and supermarkets. The jet ski equipment market is dominated by offline channels especially sports retailer shops; however, online channels are expected to change the current purchasing scenario during the forecast period.