The jet ski industry is expected to grow steadily in the coming years and will post a strong CAGR of over 12% over the forecast period, according to the worldwide jet-skiing industry study. The rising number of high-quality soft sports enthusiasts around the world will drive the long term prospects for the jet ski industry size and expansion until the close of 2020. This growing trend will also see demand grow to meet growing market demands, thus providing a stable environment for further innovation.
Jet Skiing Equipment
The demand for international sports lovers and jet skiers is predicted to rise by about 6% annually on average throughout the next five years, reaching a total of over 20 million people. This increase will see the market expand into countries such as Italy, France, Spain, and Portugal. Demand will continue to rise even into the future, with new ski resorts opening up in some of the countries which have been traditionally used for leisure skiing.
The rise in popularity of jet skiers and ski resorts have increased competition between operators and retailers, as they strive to offer the widest range of jet ski equipment available. With the rapid development in ski manufacturing technology and expertise, many companies are now producing the latest model of ski equipment to suit the demands of the market and the changing lifestyle of skiers and snowboarders. As technology continues to develop, it will be possible to produce lighter materials and more advanced equipment, which will help to reduce operating costs whilst ensuring optimum performance. Some manufacturers have already developed cutting edge technology that has helped to reduce weight considerably and provide an even greater degree of convenience and comfort.
Things To Consider
There is still a considerable amount of interest in jet skis and ski equipment among the young and old alike, with the demand growing to meet the growth in the ski industry, ski resorts, and ski resort equipment suppliers. A growing number of people are using their ski travel holidays to combine their love of the sport with the opportunity to go off the beaten track and explore the natural beauty of new locations. This is especially true for enthusiasts who visit areas where skiing is not easily accessible.
Many ski resorts are now able to provide guests with access to local skiing slopes through lift tickets. This is being undertaken as part of a concerted effort to attract more people to ski resorts and create a more personal experience. Guests are increasingly looking to try their hand at skiing on these local mountains, offering them the chance to experience the great outdoors and the challenging activity of skiing.
Ski Resort Packages
Many ski resorts are now offering packages to allow skiers to spend some time on the slopes on a regular basis so that they can build up a portfolio of skills and experience the facilities offered. Skiing holidays have become even more affordable as well as many ski holidaymakers are choosing to travel as a family unit, and there are more opportunities to share the experience of the slopes with others. This will mean that everyone involved is more likely to experience the fun and adventure of skiing. The ski resorts themselves can also help to arrange special trips and day trips to ski areas and locations that are not suitable for adults.
As more people have become aware of the benefits of spending some time in the mountains, ski resorts are capitalizing on this trend by introducing exciting activities such as mountain biking and climbing, hiking, rafting, snowboarding, and whitewater rafting. These activities are popular with those looking for an alternative form of exercise or a way to spend some quality time away from the usual stresses of modern life.
There is also a growing number of ski resorts which have set up special schools to train and mentor the beginner skiers and those wishing to improve their skills. The introduction of new equipment to provide greater safety has meant that many of the traditional methods of skiing have been replaced by more advanced equipment, and there is even more demand for expert ski instructors, which can help to ensure a safe and enjoyable skiing experience.