Key Developments in Water Bikes Industry
The water bikes market is estimated to not witness saturation in the near future, as only a few companies produce water bikes. The shift of manufacturing to developing economies has created a concerning situation for the developed economies.
Prominent water bike manufacturers are focussing on product innovations for experience of the consumer and for that, strategic analysis, collaborations and mergers, joint acquisitions, product launched are done by these manufacturers for taking care of their leading positions in the water bikes industry.
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North America is dominating the water bikes industry – the reason behind its tremendous growth is the fact that, most manufacturers are located in North America. The U.S. and Canada hold a significant share of global production.
In Asia Pacific, developing countries such as China and India are projected to grow over the years, due to urbanization and technological advancements in these countries. Growing tourism is also one of the reasons for growth escalation in these countries.
Furthermore, the high demand for environment-friendly transportation in European countries will also fuel the growth for water bikes.
Asia Pacific will be followed by Middle Eastern countries. From 2016 to 2017, Dubai maritime tourists and cruises increased significantly by 15% to 18%, respectively.
The Emirates is home to the Middle East’s largest and most modern water equipment facilities. As the number of customers grow in the MEA, sustainable growth of the water bikes market in the region will get cemented.
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Market: Key Participants :-
Some of the key participants identified across the value chain of the water bikes market are:
- Schiller Bikes
- Yamaha Motor Corporation, USA.
- Hydrobikes Inc.
- Austin Water Bikes
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