Demand For Water Bikes Market From Key Use Sectors To Surge In Near Future : Fact.MR

Newly-released water bikes industry analysis shows that global demand enjoyed year-on-year (YoY) volume growth of 18.7% in 2021, to total more than 3,500 units. Pontoon water bikes displayed positive year-on-year growth of 18.6%, while hydrofoil water bikes were up 21.1% in 2021.

Over the next ten years, the global water bikes market is projected to expand 9X, as per analysis by Faxct.MR.

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Key Insights Offered in Water Bikes Industry Survey:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• COVID-19 Impact on Demand for Water Bikes and How to Navigate
• Recommendation on Key Winning Strategies

Revenue Analysis of Water Bikes from 2016 to 2020 Compared to Demand Outlook for 2021 to 2031

As per the research by Fact.MR, a market research and competitive intelligence provider, historically, from 2016 to 2020, market value of water bikes increased at around 11.5% CAGR, with the U.S., Canada, Spain, Italy, and China holding high shares in the global market.

Key Segments Covered in Water Bikes Industry Research

• By Technology
  • Pontoon
  • Hydrofoil
  • Surfboard
• By Product Type
  • Manual Water Bikes
  • Electric Water Bikes
• By Ownership
  • Personal Water Bikes
  • Rental Water Bikes

Which Regional Market Offers Lucrative Opportunity for Sales of Water Bikes?

North America has significantly high penetration of water bikes, owing to high demand from municipal parks, beaches, hotels, and resorts. North America is expected to account for over 40% global water bike demand throughout the analysis period.

However, in 2020, demand for water bikes in North America dropped by 15.1% year-on-year, and reached 1,402 units.

The region is expected to account for US$ 9.2 Mn in total revenue by 2021-end. Canada and U.S. states such as Ontario, California, Florida, and New York, among others, are areas responsible for prominent demand for water bikes in the North American region.

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