Pontoon Boat Market – Global Industry Analysis and Forecast (2023-2029)

Pontoon Boat Market size was valued at US$ 2.59 Bn. in 2022 and the total revenue is expected to grow at 9.5% through 2023 to 2029, Pontoon Boat Market is reaching nearly US$ 4.89 Bn. by 2029.
Pontoon Boat Market Overview
Pontoon boats are flat-deck boats that are propelled by an outboard motor and have two or more floating hulls or tubes. They are frequently square or rectangular in shape, making them unsuitable for uneven or rough water; yet, they are popular in lakes where they are used for a number of purposes such as entertainment, fishing, and sunbathing. These boats have a large deck surface, which allows for more seats, luxury, comfort, expanded storage space, and increased capacity for a variety of activities dependent on the customers' preferences. The pontoon boat is larger than any other type of watercraft, allowing for ample storage.To know about the Research Methodology :- Request Free Sample Report
Pontoon boat market dynamics:
A pontoon boat is a boat with a flat deck and two or three interconnected tubes, sometimes known as pontoons that allow it to float. Multiple applications for leisure, fishing, and sporting activity have increased the popularity of pontoon boats. As a result, rising consumer interest in leisure activities among all types of people is expected to drive market growth. The pontoon boat is larger than any other watercraft, providing ample storage space as well as increased seating capacity.

Pontoon boat manufacturers are focusing on collaborating directly with their clients to provide customisable boats, such as adding Bluetooth speakers, additional seating, or even inflatable water slides. This allows the key player to stay competitive in the industry by focusing on providing clients with a customised solution. Under specific conditions, a pontoon boat may be used for both freshwater and saltwater fishing, making it a popular choice among people. They can be equipped with swivelling fishing chairs, rod holders, and livewells, among other features. During the forecast period, this is expected to drive pontoon boat sales.

Direct-injection technology, VTEC, selective gear rotation, four-stroke technology, and electronic fuel injection capability in pontoon boat engines improve engine power and drive demand for pontoon boats. Engine makers are developing high-powered, low-polluting engines to meet consumer demand and reduce emissions from boating activities. The introduction of two- and four-stroke engines with direct injection technology, which provide improved fuel economy, lower emissions, and more power, is increasing demand for sophisticated pontoon boats.

On pontoon boats, rather than other boats, there is an increasing trend of family outings, parties, and fishing activities. Pontoon boats are more comfortable than V-hull boats of the same length because they have more open deck area. They are also simple to get in and out of docks, making them a dependable boat type for both consumers and commercial renters. Growing disposable income, a growing trend toward leisure activities, and innovative innovations in the global tourism industry are all driving the market for pontoon boats. There are also certain restraints on the boat market, including as labour-intensive production methods, government environmental norms and regulations, and the rising cost of raw materials.
Pontoon boats Market Segment Analysis:
The Pontoon boat market is sub-segmented into Tube type, Size, End user and Application.

Based on Tube type, the market is sub-segmented into two tube pontoon and three tube pontoon. The two tube pontoon boat having the highest market share of xx% in the year 2022. Because of their large capacity, work efficiency and more availability of space with the larger trend and high performance speed.

Based on Application, the market is sub-segmented into Family-fun pontoon, Fishing pontoon, Cruising pontoon and Water sports pontoon. Family-fun pontoon is expected to dominating the market during the forecast period. Driven by a rising the preference of pontoon boats by families for fun over other boats, the growing trend of a family outing, and affordability of pontoon boat.

Competitive Landscape:

The pontoon boat market is fragmented due to the large number of local and regional enterprises. The industry's biggest players include Brunswick Corporation, Polaris Industries, White River Marine Group, Sun Tracker, Tahoe, Smoker Craft, Silver Wave, Avalon Pontoon Boats, Larson Escape, Crest Marine LLC, Manitou Pontoon Boats, and JC TriToon Marine. Leading pontoon boat manufacturers are always developing new products or upgrading their present product line to get a competitive advantage in the market. Sun Tracker, for example, will introduce the "Party Barge 20 DLX," a new pontoon leisure boat, in 2022. The newly announced boat has a Bluetooth stereo and can accommodate up to ten crew members.
Pontoon boats Market Regional Analysis:
North America is currently leads in the largest pontoon boat market, with the United States leading country. Over the forecast period. To meet the growing market potential, most of the main pontoon boat manufacturers have a strong presence in the region. Asia-Pacific has a significant share of the market and is expected to grow at a rapid pace over the forecast period. In addition, Australia and New Zealand are two of the region's most important marketplaces.

During the forecast period, Europe is also expected to grow at a significant rate. Pontoon boat manufacturers are growing their product lines to maintain demand high and consumer interest high. To increase product demand, they're incorporating GPS, Bluetooth connectivity, swivelling fishing chairs, and other amenities.

The objective of the report is to present a comprehensive analysis of the global Pontoon boats Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Pontoon boats Market dynamics, structure by analyzing the market segments and project the global Pontoon boats Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Pontoon boats Market make the report investor’s guide.
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Pontoon boats Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 2.59 Bn.


Forecast Period 2023 to 2029 CAGR:
9.5%
Market Size in 2029:
US$ 4.89 Bn.


 Segments Covered:
by Tube type
Two-tube pontoon
Three-tube pontoon


by Size
<20 Feet
20-24 Feet
>24 Feet


by End use
Private
Commercial


by  Application
Family-fun pontoon
Fishing pontoon
Cruising pontoon
Water sports pontoon



Pontoon boats Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pontoon boats Market, Key Players:
1. Polaris Industries
2. Avalon Pontoon Boats
3. White River Marine Group
4. Forest River
5. Brunswick Corporation
6. Manitou Pontoon Boats
7. Tahoe
8. Smoker Craft
9. Silver Wave
10. Larson Escape
11. Crest Marine LLC
12. JC Triton Marine.
13. Bennington
14. Berkshire Pontoons
15. G3 Boats
16. Crest

Frequently Asked Questions:

1. Which region has the largest share in Global Pontoon Boat Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Pontoon Boat Market?
Ans: The Global Pontoon Boat Market is expected to grow at a CAGR of 9.5% during forecasting period 2023-2029.

3. What is scope of the Global Pontoon Boat market report?
Ans: Global Pontoon Boat Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Pontoon Boat market?
Ans: The important key players in the Global Pontoon Boat Market are – Polaris Industries, Avalon Pontoon Boats, White River Marine Group, Forest River, Brunswick Corporation, Manitou Pontoon Boats, Tahoe, Smoker Craft, Silver Wave, Larson Escape, Crest Marine LLC, JC Triton Marine., Bennington, Berkshire Pontoons, G3 Boats, and Crest.

5. What is the study period of this market?
Ans: The Global Pontoon Boat Market is studied from 2022 to 2029.