III. Industry Analysis
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The Jet Ski Rental industry has increased significantly over the past five years. COVID brought an opportunity for more disposable income and freetime, and many people made the most of it by trying new activities. As a result, there was an increase in maritime activities, including the use of jet skis.
Furthermore, the rising per capita disposable income, coupled with a low national unemployment rate have encouraged consumers to increase their level of spending on renting out jet skis and other watercraft.
It is anticipated that the industry will continue to grow over the next five years. According to IBIS World, the industry’s revenue is expected to grow 7.5% annually over the next several years. This shows that jet skis and other watercraft are in significant demand and that this is the perfect time to start a jet ski rental company.
