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Pontoon Boat Market Size ($ 4,089.97 Million by 2028) Driven by North America (9.7% CAGR) Impact of Coronavirus Outbreak and Global Analysis and Forecast from TheInsightPartners .com


The size of the pontoon boat market to reach $ 4,089.97 million by 2028 onwards $ 2,132.97 million in 2021 to grow at a CAGR of 9.7% during 2021-2028. The growth of the market is driven by an increasing inclination towards the boating industry and the rise of the global tourism industry. In 2020, North America dominated the market with a substantial share of revenue, followed by Europe and APAC.

NEW YORK, December 7, 2021 / PRNewswire / – According to our latest research study on Pontoon boat market Size, share, revenue, growth, trends, forecast to 2028 by type (bar boat, aft saloon, quadruple seats, arch and double deck models), tube type (double tube and triple tube) , type of propulsion (single motor, dual motor and electric motor), size (less than 20 feet, 20 to 30 feet and more than 30 feet) and application (fishing, water sports, recreation and others) with impact COVID-19 and global analysis available on https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00021520

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Cover of the report

Details

Market size Value in

US $ 2,132.97 million in 2021

Market size Value per

US $ 4,089.97 million by 2028

Rate of growth

9.7% CAGR from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

211

Number of tables

162

Number of graphs and figures

110

Historical data available

Yes

Covered segments

Type, tube type, propulsion type, size and application

Regional scope

North America; Europe; Asia Pacific; Latin America; AEM

Country Scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Cover of the report

Revenue forecast, company ranking, competitive landscape, growth factors and trends

Pontoon Boat Market: Competitive Landscape and Key Developments

Key players featured in the Global Pontoon Boat Market Study are Aloha Pontoons, BRP, Floating Terrace, Kiwi Kraft Ltd, Nazareth Boats, Polaris Inc., Pontoon Boot, Sea and Yachting, Sun Tracker Boats, and Swiss Boats AG. In addition, several other significant market players have been studied and analyzed during this market research to get a holistic view of the global market and its ecosystem.

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In June 2021, the new Manitou wallet continues BRP’s tradition of delivering incredible experiences on the water for family and friends. Manitou has unveiled its Model Year 2022 lineup, which adds more power and premium features to an already excellent lineup of performance, luxury and leisure pontoon boats.

The pontoon boat market is constantly evolving. From a simple square floating boat to a luxury laden pleasure boat, the pontoon boat offers a relaxing experience for individuals for invigorating thrill rides. Pontoon boats are used for different purposes such as swimming, cruising and water sports, as well as for lounging. For recreational activities, such as skiing, wakeboarding, and tubing, boats are equipped with towing bits and storage lockers, which are large enough to hold water skis or knee pads, and swim platforms with large stable ladders for getting on / off the boat. Pontoon boats are flat deck boats powered by an outboard motor. These boats have square / rectangular shapes which make them ideal for rough / rough waters. Pontoon boats are also widely used in lakes for entertainment, relaxation, and fishing. These boats have a large deck space, which adds more seating space; additional storage space; and luxury, comfort and additional space for different activities according to the interest of the users.

The growing boating industry especially boating across the globe is driving the growth of the pontoon boat market. In addition, the increase in sales of decks and pontoons due to the increase in the number of passengers for water sports and recreational activities will play a magnificent role in generating the demand for pontoons. Moreover, with the emergence of IoT-based applications, the trend towards real-time monitoring and smart boat is accelerating. The integration of IoT into pontoon boats is expected to create lucrative business opportunities for pontoon boat manufacturers and suppliers in the years to come. However, the low speed and inefficient performance of pontoon boats in rough waters is holding back the growth of the pontoon boat market.

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Emergence of new pontoon boats:

In an era of constant technological change, the boating industry is also witnessing a wave of smart technologies. The pontoon boat market is executing technologies to attract individuals. Pontoon makers are working on one aspect to give pontoon boat passengers a smooth transition from smart home to smart boat.

Companies, such as Brunswick, focus on integrating technologies with all their boat brands. The company has entered a new level with the new Solstice model of Harris Pontoons. The 230 and 250 Solstice models are the first Harris pontoons to offer CZone digital switching capabilities with from Brunswick electrical infrastructure. Pre-programmed and one-touch modes allow boaters to control an onboard electrical system, ensuring an enhanced customer experience with modern luxury infused. In addition, CZone pontoon boats have features and modes that can be changed, updated and programmed in real time, suitable for boat builders, novices and advanced boaters on the water. In addition, the intelligent CZone digital switching function includes pre-programmed and one-button click modes, such as: swim mode, party mode and cruise mode.

In addition, pontoon and deck boat manufacturers are adopting advanced technologies in their models. For example, Bennington Marine provides an updated version of a built-in digital bar audio system to many manufacturers’ models. Against the backdrop of the introduction of new technologies, twin-engine applications are expected to become popular in the pontoon boat market as builders such as Manitou & Bennington provide joystick options to consumers. Such developments in the pontoon boat market are expected to propel the market growth during the forecast period.

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Pontoon Boat Market: Types Overview

Based on type, the pontoon boat market is segmented into bar boats, aft saloon, quadruple seats, bow, double decker and others. The aft lounge segment held the largest market share in 2020 as these types of pontoons easily accommodate multiple individuals.

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