Composites Market in the Personal Watercrafts (PWC)Market Projected to Grow at a Steady Pace During 2022-2027
Stratview Research delivers key insights on the global Composites Market in the Personal Watercrafts (PWC) Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Composites Market in the Personal Watercrafts (PWC) Market:
Yahama Motors
Roski Composites
Kawasaki Motors
BRP Inc.
Honda Motors
Growth drivers and Market Value:
This report, from Stratview Research, studies the Composites Market in the Personal Watercrafts (PWC) Industry value and growth drivers over the trend period of 2022-27. According to the report -
The composites market in the global personal watercrafts industry offers a healthy growth opportunity and is likely to grow at >5% CAGR during the forecast period of 2020 to 2025. Healthy growth in personal watercraft sales, driven mainly by increasing demand in the North American market and increasing use of composites in the personal watercrafts are the key growth drivers of the composites in the global personal watercrafts industry.
Segment Analysis:
Based on Process Type:
LFI and SMC are expected to remain the dominant manufacturing processes for composite parts fabrication in the personal watercrafts industry. Glass fiber is widely used in most of the composite applications in the personal watercrafts industry.
Based on Region:
North America is expected to remain the largest market for composites in the global personal watercrafts industry due to high demand of watersports equipment in the USA and Canada.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Composites Market in the Personal Watercrafts (PWC) Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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