Pontoon Boat Market to Hit US$ 4,089.97 Million by 2028

Pontoon Boat Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Bar Boat, Rear Lounge, Quad Seating, Arch Models, and Double Decker), Tube Type (Double Tube and Triple Tube), Propulsion Type (Single Engine, Double Engine, and Electric Motor), Size (Less than 20 Feet, 20-30 Feet, and More than 30 Feet), and Application (Fishing, Watersports, Recreational, and Others)

Publication Month : Nov 2021

  • Report Code : TIPRE00021520
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 211
Inquire Before Buy

PRICING

$4550

$2730

The pontoon boat market is expected to grow from US$ 2,132.97 million in 2021 to US$ 4,089.97 million by 2028; it is estimated to grow at a CAGR of 9.7% during 2021–2028.

The tourism industry across the globe is increasing rapidly. According to the latest figures published by the United Nations World Tourism Organization (UNWTO), in July 2021, almost 54 million international tourists traveled across the world. This is the highest figure recorded since the beginning of the health crisis that brought the global tourism industry to a virtual standstill for many months. This figure also represents an increase of around 58%, compared to the 34 million international tourists in July 2020. Additionally, according to the World Travel and Tourism Council, Saudi Arabia is expected to record 22.1 million international arrivals by 2025, nearly 40% higher than Dubai's current visitors. Further, World Tourism Organization forecasts that South America will receive 78.2 million tourists by 2027, generating US$ 82 billion for the local economy. In addition, the UAE, Australia, the US, Canada, Brazil, Italy, France, Germany, India, and China are among the prominent tourist destinations. Thus, the growing tourism industry in these destinations increases recreational sailing and water sports activities. For instance, the snowballing effect of domestic and international tourist footfall in European countries is massively contributing to the recreational boating industry. In 2020, the global tourism sector witnessed decline due to the imposition of national lockdowns across the world. In 2021, with the uplifting of lockdowns and reopening of manufacturing factories, the production of pontoon boats has resumed. The tourism sector is working in many countries with strict government protocols. Various advanced features, such as Bluetooth speakers, additional seating, or even inflatable water slides, are being installed in the boats to attract customers. It would help in the growth of the pontoon boat market in the coming years.

 

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Pontoon Boat Market: Strategic Insights

pontoon-boat-market
Market Size Value inUS$ 2,132.97 million in 2021
Market Size Value byUS$ 4,089.97 million by 2028
Growth rateCAGR of 9.7% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst


Impact of COVID-19 Pandemic on Pontoon Boat Market

The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human movement due to travel bans, mass lockdowns, and business shutdowns. The lockdown imposition has resulted in the lesser production of commodities, goods, and services.

In 2020, the continuous growth in the number of virus-infected patients had governments put a bar on the transportation of humans and goods. The manufacturing sector has witnessed severe losses due to the temporary shutdown of factories and low production volumes, which has had a negative impact on pontoon boats globally. Additionally, governments' social or physical distancing measures have led ship manufacturers to limit their operations. Therefore, the pontoon boat market had a negative impact during 2020.

However, in 2021, with the uplifting of lockdown and vaccination processes, the manufacturing of pontoon boats has started again. Further, to overcome the challenges posed by the COVID-19 outbreak, the pontoon boat manufacturers are focusing on increasing product innovation and keeping consumers' requirements in mind will lead to increased demand. Therefore, the global pontoon boat market is growing steadily.

Lucrative Regions for Pontoon Boat Providers

 

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Pontoon Boat Market Insights

Growing Inclination Toward Recreational Boating Industry

With generous room aboard and rising versatility of deck and pontoons boats, the boat manufacturers are endlessly working to give a pleasant boating experience to consumers. The high inclination toward integrating advanced sensor and automation technologies throughout recreational boats is also driving the development phase of pontoon boats. Development in pontoon helps in providing a better and improved riding experience. The demand for pontoons is propelling across the globe due to the rising interest in outdoor and leisure recreation activities, such as lounging, cruising, and water-based adventurous activities. According to the regional government, the boating and tourism industries are well-developed and positioned to benefit from new opportunities prevailing in recreation and tourism. The well-positioned tourism and boating industries drive the penetration of pontoon and deck boats as these boats are used for the recreational and outdoor lounging purposes.

In addition, various countries such as Australia, US, Italy, France, Germany, Denmark, and Sweden among others are the prominent tourist destinations. Owing the growing tourism industry in these destinations, there is an increase in recreational sailing and water sports on waterways across various region in the world. The snowballing effect of domestic and international tourist footfall in European countries is massively contributing to the recreational boating industry in Europe.

Type-Based Market Insights

Based on type, the pontoon boat market is segmented into bar boat, rear lounge, quad seating, arch models, and double decker. In 2020, the rear lounge segment led the market, accounting for the largest market share.

Pontoon Boat Market, by Type, 2020 and 2028 (%)

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Tube Type-Based Market Insights

Based on tube type, the pontoon boat market is bifurcated into double tube and triple tube. In 2020, the triple tube segment accounted for a larger market share.

Propulsion Type-Based Market Insights

Based on propulsion type, the pontoon boat market is segmented into single engine, double engine, and electric motor. In 2020, the double engine segment accounted for the largest market share.

Size-Based Market Insights

Based on size, the pontoon boat market is segmented into less than 20 feet, 20–30 feet, and more than 30 feet. In 2020, the 20–30 feet segment accounted for the largest market share.

Application-Based Market Insights

Based on application, the pontoon boat market is segmented into fishing, watersports, recreational, and others. In 2020, the recreational segment accounted for the largest market share.

The players operating in the pontoon boat market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In August 2021, the new Manitou portfolio continues BRP's tradition of offering incredible on-water experiences for family and friends. Manitou has unveiled its model year 2022 lineup, which adds more power and premium features to a lineup of performance, luxury, and leisure pontoon boats that is already excellent.
  • In May 2020, BRP announced that it has refocused its marine business on the expansion of its boat brands through new technologies and creative marine goods. Evinrude E-TEC and E-TEC G2 outboard engines will be phased out of production. It stated that their facility in Sturtevant, Wisconsin will be repurposed for new projects to provide customers with an unrivalled water experience.

The global pontoon boat market has been segmented as mentioned below:

By Type

  • Bar Boat
  • Rear Lounge
  • Quad Seating
  • Arch Models
  • Double Decker

By Tube Type

  • Double Tube
  • Triple Tube

By Propulsion Type

  • Single Engine
  • Double Engine
  • Electric Motor

By Size

  • Less than 20 Feet
  • 20–30 Feet
  • More than 30 Feet

By Application

  • Fishing
  • Watersports
  • Recreational
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Spain
    • Sweden
    • Norway
    • Finland
    • Rest of Europe
  • Rest of Scandinavia
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • ALOHA PONTOONS
  • Kiwi Kraft Ltd.
  • Nazareth Boats
  • Polaris Inc.
  • Swiss-Boats AG
  • BRP
  • SUN TRACKER BOATS         
  • PONTOONBOOT
  • SEA-AND-YACHTING.COM
  • floatingterrace.eu
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Tube Type, Propulsion Type, Size, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, Finland, France, Germany, India, Italy, Japan, Mexico, Norway, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, Sweden, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind pontoon boat market growth?

Growing inclination toward recreational boating industry and rising global tourism industry are driving the growth of the pontoon boat market. These factors are propelling the adoption of pontoon boat for fishing, watersports, and recreational applications.

What are market opportunities for pontoon boat market?

The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including pontoon boat market. Further, the development in pontoons to create lucrative opportunities for pontoons boats manufacturers and emergence of new pontoon boats are presenting significant potential for the future growth of the pontoon boat market players.

Which type segment is expected to dominate the market in terms of 2020 market share?

Based on type, the pontoon boat market is segmented into bar boat, rear lounge, quad seating, arch models, and double decker. In 2020, the rear lounge segment led the pontoon boat market, accounting for the largest share in the market.

Which region has dominated the pontoon boat market?

In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. North America is a prospective market for pontoon boat developers.

Which are the major companies in the pontoon boat market?

The major companies in pontoon boat includes ALOHA PONTOONS, Kiwi Kraft Ltd., Nazareth Boats, Polaris Inc., Swiss-Boats AG, BRP, SUN TRACKER BOATS, PONTOONBOOT, SEA-AND-YACHTING.COM, and floatingterrace.eu.

Which application segment is expected to dominate the market in terms of 2020 market share?

Based on application, the pontoon boat market can be segmented into fishing, watersports, recreational, and others. In 2020, the recreational segment accounted for the largest market share.

The List of Companies - Pontoon Boat Market

  1. ALOHA PONTOONS
  2. Kiwi Kraft Ltd.
  3. Nazareth Boats
  4. Polaris Inc.
  5. Swiss-Boats AG
  6. BRP
  7. SUN TRACKER BOATS    
  8. PONTOONBOOT
  9. SEA-AND-YACHTING.COM
  10. floatingterrace.eu

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Pontoon Boat Market