Water Bicycle Market Outlook 2030 -
Water bikes deliver safe and exhilarating rides on the top of waves. Water bikes are establishing their position in the bicycle market. The increasing trend of bicycling to maintain general health is adding to the growth of this market. In case of a water bike, both, the water pressure as well as wind speed affect the force people need to power the water bike with. Thus, the force needed to power a water bike is considerably higher than the force needed to power a traditional bike. Moreover, water bikes are more beneficial to heath than conventional bikes. For instance, water bikes can help burn up to 500 calories in a single ride. Moreover, manufacturers are focusing on technological advancements to meet future customer requirements and maintain their market position. Significant improvements in technology can open new doors for the manufacturers of water bikes and their components. Water bike manufacturers, today, are inclining towards products that offer increased operational performance at a reduced cost. This can be achieved by deploying systems and components that are light in weight, utilize advanced material in manufacturing to offer higher reliability and serviceability, and are easy to install. The growing water sports industry as well as growing public attraction towards leisure water activities is one of the key drivers for the global water bikes market.
COVID-19 Impact analysis
The global market for water bicycle is severely impacted by the outbreak of the COVID-19 pandemic. The COVID-19 saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. COVID-19 has severely affected public health and economies cross the world. Loss of human lives and decrease in labor productivity have impacted various sectors. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of water bicycle, which negatively impact the market growth. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top Impacting Factors
- Low maintenance cost, rise in marine time tourism, and growth in water sports activities are driving the growth of the market.
- Limited travel distance, and tough to drive in upstream is expected to hamper the growth of the market.
- Growth in middle-class income level and disposable income can be seen as an opportunity for the market investments.
The water bicycle market trends are as follows:
Rise in marine time tourism
Tourism industry has witnessed significant growth over the recent past. Increased traction of people towards recreational water sports and maritime tourism has promoted the growth of the tourism industry, which, indirectly, is expected to upsurge the demand for water bicycle. The growth in maritime tourism is increasing the demand for new ships and water bicycle, which will ultimately boost the market of water bicycle in the near future. In addition, the natural landscape of countries, which have a sea/ocean as a border attract significant number of international tourists every year, especially from the affluent segment of the population. Furthermore, water bicycle requires less maintenance, and hence, owners are not required to spend additional money on getting parts fixed and cleaned. Moreover, marine tourism is becoming popular not only for the excitement or adrenaline-rush of getting fit but also due to several health benefits. As a result, health benefits associated with marine tourism are supporting the demand for water boat. Also favorable government initiatives and water tourism awareness programs to promote marine tourism are creating huge opportunities for the water bicycle market.
Key benefits of the report:
- This study presents the analytical depiction of the water bicycle market 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 challenges of the water bicycle market.
- The current market is quantitatively analyzed to highlight the water bicycle market growth scenario.
- The report provides a detailed water bicycle market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the water bicycle market research report:
- Which are the leading market players active in the water bicycle market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the water bicycle market?
- What are the projections for the future that would help in taking further strategic steps?
Water Bicycle Market Report Highlights
| Aspects | Details |
 By Technology |
|
 By Sales Type |
|
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Caterpillar, CNA CANTIERE NAUTICO, DaveCornthwaite, REV inside, Pioner Boats, KL Outdoor, Austin Water Bikes, Hydrobikes Inc., Pelican Sport, Navgathi |
Loading Table Of Content...
