Growth Strategies in the Pontoon Market : Forecast 2023–2033
According to a research report published by Spherical Insights & Consulting, the Global Pontoon Market Size is Expected to Grow from USD 5.71 Billion in 2023 to USD 13.4 Billion by 2033, at a CAGR of 8.90% during the forecast period 2023-2033.
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A boat with a floating structure with a flat bottom plays a supportive role on the water’s surface. The pontoon is driven by the outboard motor and is mostly seen in square or rectangular shape. It can drive on lakes and turbulent water surfaces. The popularity of the pontoon is growing due to fishing activities held on freshwater and salt-like water surface. The pontoon is equipped with spacious rooms, entertainment amenities, dining halls, and extra space for the ledge along with being accompanied by comfort and luxury adventure experience. Pontoon is utilized for a variety of activities such as fishing, parties, events, and others that help to boost the market expansion in future potential. However, the initial expenditure for manufacturing and maintenance of the pontoon also, concerns the limited use for specific water conditions, hampering the market growth.
Browse key industry insights spread across 200 pages with 115 Market data tables and figures & charts from the report on the Global Pontoon Market Size, Share, and COVID-19 Impact Analysis, By Tube Type (Two-Tube Pontoon, Three-Tube Pontoon), By Size (Less than 20 Feet, 20-24 Feet, and Above 24 Feet), By Application (Recreational, Fishing, Sports, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The three-tube pontoon segment is anticipated to grow at the fastest CAGR in the global pontoon market during the forecast period.
On the basis of tube type, the global pontoon market is segmented into two-tube pontoon and three-tube pontoon. Among these, the three-tube pontoon segment is anticipated to grow at the fastest CAGR in the global pontoon market during the forecast period. The three-tube pontoon features spacious storage, rooms, and an increased capacity engine, but its popularity has increased due to its distributed weight equally which features a great balance while riding.
The 20-24 feet segment is expected to grow at the fastest pace in the global pontoon market during the projected period.
On the basis of the size, the global pontoon market is divided into less than 20 feet, 20-24 feet, and above 24 feet. Among these, the 20-24 feet segment is expected to grow at the fastest pace in the global pontoon market during the projected period. The pontoon boat under the size 20 feet requires more fuel and carries some spare parts during riding, this condition could be the same as for the above 24 size height.
The recreational segment is expected to hold the largest share of the global pontoon market during the forecast period.
Based on the application, the global pontoon market is divided into recreational, fishing, sports, and others. Among these, the recreational segment is expected to hold the largest share of the global pontoon market during the forecast period. Pontoon boats are becoming more and more popular for recreational purposes on rivers, lakes, and coastal waters. Because of their roomy decks, cozy seating, and stability, pontoon boats are popular and perfect for social events, fishing excursions, and family vacations.
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North America is anticipated to hold the largest share of the global pontoon market during the forecast period.
The primary reasons such as rising the tourism industry via water-based tours, rising disposable incomes of individuals also rapid growth of investment in various infrastructure developments. The regional consumers are interested in doing leisure water activities and sports that seek out the growing need of the pontoons. The U.S. is the key player in the manufacturing the pontoon boats and recreational boats which helps to put forward the market expansion. The small pontoons up to large pontoons will be distributed according to their regional developments.
Asia-Pacific is expected to grow at the fastest pace in the global pontoon market during the forecast period. This is due to rising income, increased interest in recreational boating, and the development of waterfront infrastructure. Asia-Pacific region has a vast coastline with respective countries’ borders. Regional authorities are increasingly investing in infrastructure and marine tourism that helps to boost boat recreation along with water sports. These boats are also being used by the Coast Guard and Navy because of their mobility during coastal patrols.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global pontoons along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global pontoon market are G3 Boats, Avalon Pontoon Boats., Forest River., Bennington, Brunswick Corporation, Manitou Pontoon Boats., Tahoe., Smoker Craft, Larson Escape, Silver Wave, Crest Marine LLC, Forza X1, Inc., JC Triton Marine., White River Marine Group, Berkshire Pontoons, Polaris Industries, Crest, MasterCraft Boat Hldgs, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2024, Massimo Marine, entered into a partnership with Vision Marine Technologies inc (NASDAQ) (“vision marine”), a pioneer in electric marine propulsion. This collaboration would produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of the agreement, Massimo Marine would supply pontoon boats equipped with Vision Marine’s e-motion™ 180e powertrain electric solution.
- In April 2024, Crest Marine, LLC., a leader in the recreational powerboat industry and subsidiary of Mastercraft Boat Holdings announced the launch of an all-new, independent luxury pontoon brand, Balise Pontoon Boats (“Blaise”).
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global pontoon market based on the below-mentioned segments:
Global Pontoon Market, By Tube Type
- Two-Tube Pontoon
- Three-Tube Pontoon
Global Pontoon Market, By Size
- Less Than 20 Feet
- 20-24 Feet
- Above 24 Feet
Global Pontoon Market, By Application
- Recreational
- Fishing
- Sports
- Others
Global Pontoon Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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