The North America pontoon boat market is expected to grow from US$ 1,163.66 million in 2021 to US$ 2,020.71 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2021 to 2028.
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 region 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 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 countries in the region. The snowballing effect of domestic and international tourist footfall in countries is massively contributing to the recreational boating industry in North America.In case of COVID-19, North America is highly affected specially US. The economic growth was slowed, which directly impacted the ship manufacturers across the region. In 2020, the COVID-19 outbreak had negatively affected the pontoon boat market in the North American region due to a halt in the manufacturing of pontoon boats. The prime concern for pontoon boat market players is the declining production of ships in North America, adversely affecting the shipping industry. Further, due to the pandemic caused, users avoid leaving their house for non-essential activity, which is expected to hinder the sales of the new pontoon boat. However, in 2021, 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America pontoon boat market. The North America pontoon boat market is expected to grow at a good CAGR during the forecast period.
North America Pontoon Boat Market Revenue and Forecast to 2028 (US$ Million)
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North America Pontoon Boat Market Segmentation
North America Pontoon Boat Market – By Type
- Bar Boat
- Rear Lounge
- Quad Seating
- Arch Models
- Double Decker
North America Pontoon Boat Market – By Tube Type
- Double Tube
- Triple Tube
North America Pontoon Boat Market – By Propulsion Type
- Single Engine
- Double Engine
- Electric Motor
North America Pontoon Boat Market – BySize
- Less than 20 Feet
- 20 - 30 Feet
- More than 30 Feet
North America Pontoon Boat Market – By Application
- Fishing
- Watersports
- Recreational
- Others
North America Pontoon Boat Market, by Country
- US
- Canada
- Mexico
North America Pontoon Boat Market - Companies Mentioned
- Aloha Pontoons
- BRP
- Polaris Inc.
- Premier Marine Inc.
- Sun Tracker Boats
North America Pontoon Boat Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 1,163.66 Million |
Market Size by 2028 | US$ 2,020.71 Million |
Global CAGR (2021 - 2028) | 8.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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