PUBLISHER: Daedal Research | PRODUCT CODE: 1270967
PUBLISHER: Daedal Research | PRODUCT CODE: 1270967
Global Pontoon Boat Market: Analysis By Type, By Tube Type, By Application, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2028
Pontoon boats are flat decked, recreational boats that rely on air-filled tubes called pontoons to achieve buoyancy in the water. Traditional pontoons use a pair of pontoon tubes located on either side of the boat under the deck to achieve stability and buoyancy. Some models may have a third tube located under the center of the boat which increases buoyancy and stability. These boats with three pontoons are often called tritoon boats. There are also inflatable pontoon boats which have softer air filled chambers. In 2022, the global pontoon boat market was valued at US$2.31 billion, and is probable to reach US$3.93 billion by 2028.
Some of the factors driving the rise in pontoon demand include: multi-faceted usage (ample floor space and configuration flexibility enable for a range of purposes such as enjoyment, skiing/tubing, swimming, fishing, and so on); and engine technology (improvements in engine technology have resulted in pontoons that are more powerful, quieter, and efficient). Growing disposable income, increase in leisure activities, and new advancements in the global tourism industry are driving the growth of pontoon boat market. Rise in tendency for recreational activities among people globally is growing the demand for pontoon boats which is driving the market growth. The global pontoon boat market value is projected to grow at a CAGR of 9.21%, during the forecast period of 2023-2028.
Market Segmentation Analysis:
By Type: According to the report, the global pontoon boat market is segmented into five type: Rear Lounge, Quad Seating, Bar Boat, Arch Models and Double Decker. Rear Lounge segment acquired majority of share in the market in 2022, as rear couches can be transformed into a sun deck or a changing room. They may also include features like as cup holders, speakers, and USB ports. Whereas, Quad Seating segment is the fastest growing in the production process, as one of the advantages of quad seating is that it provides plenty of space for passengers, making it an excellent choice for bigger parties or families.
By Tube Type: According to the report, the global pontoon boat market is bifurcated into two tube type: Three tube pontoon and two tube pontoon. Three tube pontoon segment acquired majority of share in the market in 2022, as their larger capacity, space, and efficiency coupled with the trend of larger and high-performance boat. Also, the same segment is expected to have the highest CAGR in the future as three-tube pontoons offer better balance and weight distribution, and can handle more powerful engines that make for a more stable ride.
By Application: According to the report, the global pontoon boat market is bifurcated into four applications: Recreational, Fishing, Watersports and Others. Recreational segment acquired majority of share in the market in 2022, as pontoons are designed to cut through the chop and provide a smooth ride across the water. Also, the same segment is expected to have the highest CAGR in the future as the furniture on new performance pontoons has evolved to be pleasant and sensitive to the touch. As a result, most pontoon manufacturers have designed their furnishings to be multi-purpose.
By Region: The report provides insight into the pontoon boat market based on the geographical operations, namely North America, Europe, Asia Pacific, and Rest of the World. North America pontoon boat market enjoyed the highest market share in 2022, primarily owing to reasons such as rising disposable incomes, increased interest in water-based recreational activities, and increased demand for luxury and high-performance boats. The US is the world's strongest market for both pontoon boats as well as recreational boats. The country is marked by the presence of a large number of small- to big-sized players serving the market.
Global Pontoon Boat Market Dynamics:
Growth Drivers: Increased tourism has the potential to boost the growth of the pontoon boat market. This is because pontoon boats are frequently used for water-based recreational activities like as fishing, cruising, and water sports, which are popular among visitors. When tourism grows in a location, so does demand for water-based activities and equipment, including pontoon boats. This increasing demand may result in an increase in pontoon boat production and sales, as well as market growth overall. Further, the market is expected to increase due to growing disposable income, rapid urbanization, growing inclination toward recreational boating industry, improved engines, etc.
Challenges: Economic conditions can present several challenges for the pontoon boat market, which is a segment of the recreational boating industry. When the economy is weak, people tend to hold onto their money and postpone discretionary purchases, such as a pontoon boat. If people are worried about their job security or the overall state of the economy, they may be less likely to buy a pontoon boat. The other challenge that pontoon boat market faces is bad weather conditions, etc.
Trends: A major trend gaining pace in pontoon boat market is eco-friendly and sustainable pontoon boats. The focus on sustainability and environmental friendliness is driving demand for pontoon boats that are powered by electric or hybrid engines. This trend is likely to continue as more customers seek to reduce their carbon footprint and minimize their impact on the environment. Pontoon boats can be a fun and relaxing way to enjoy the water, but it's important to consider their impact on the environment. More trends in the market are believed to augment the growth of pontoon boat market during the forecasted period include, technology advancements in boats, increase in rental services, etc.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 epidemic has harmed the whole boating sector's growth trajectory, undoing a decade of industry stakeholders' laborious work. Pontoon boats were unable to avoid these tendencies and are expected to suffer a significant reduction. However, the high spread of COVID-19 is estimated to decrease the demand for pontoon boat. Thus, concentrating on local supply contracts is expected to prove beneficial in long term to the manufacturers. While multiple market leaders are present in North America & Europe, but new players will not enter in the market in the short term forecast owing to the COVID-19 pandemic. This, in turn, is expected to hinder the growth of the market in the near term.
Competitive Landscape and Recent Developments:
Global pontoon boat market is concentrated. Key players of global pontoon boat market are:
Polaris Inc.
Brunswick Corporation (Lowe Boats)
BRP Inc. (Manitou Pontoon Boats)
Mastercraft Boat Holdings, Inc.
Yamaha Motor Co., Ltd.
Avalon & Tahoe Mfg., Inc.
Forest River
Silver Wave Pontoons
Smoker Craft, Inc.
White River Marine Group (WRMG)
The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, 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.
Table of Contents
- 2.1 Pontoon Boats: An Overview
- 2.1.1 Uses of Pontoon Boat
- 2.2 Pontoon Boats Segmentation: An Overview
- 2.2.1 Pontoon Boats Segmentation
- 3.1 Global Pontoon Boat Market: An Analysis
- 3.1.1 Global Pontoon Boat Market: An Overview
- 3.1.2 Global Pontoon Boat Market by Value
- 3.1.3 Global Pontoon Boat Market by Type (Rear Lounge, Quad Seating, Bar Boat, Arch Models and Double Decker)
- 3.1.4 Global Pontoon Boat Market by Tube Type (Three Tube Pontoon and Two Tube Pontoon)
- 3.1.5 Global Pontoon Boat Market by Application (Recreational, Fishing, Watersports and Others)
- 3.1.6 Global Pontoon Boat Market by Region (North America, Asia Pacific, Europe and Rest of the World)
- 3.2 Global Pontoon Boat Market: Type Analysis
- 3.2.1 Global Pontoon Boat Market by Type: An Overview
- 3.2.2 Global Rear Lounge Pontoon Boat Market by Value
- 3.2.3 Global Quad Seating Pontoon Boat Market by Value
- 3.2.4 Global Bar Pontoon Boat Market by Value
- 3.2.5 Global Arch Models Pontoon Boat Market by Value
- 3.2.6 Global Double Decker Pontoon Boat Market by Value
- 3.3 Global Pontoon Boat Market: Tube Type Analysis
- 3.3.1 Global Pontoon Boat Market by Tube Type: An Overview
- 3.3.2 Global Three Tube Pontoon Boat Market by Value
- 3.3.3 Global Two Tube Pontoon Boat Market by Value
- 3.4 Global Pontoon Boat Market: Application Analysis
- 3.4.1 Global Pontoon Boat Market by Application: An Overview
- 3.4.2 Global Recreational Pontoon Boat Market by Value
- 3.4.3 Global Fishing Pontoon Boat Market by Value
- 3.4.4 Global Watersports Pontoon Boat Market by Value
- 3.4.5 Global Other Application Pontoon Boat Market by Value
- 4.1 North America Pontoon Boat Market: An Analysis
- 4.1.1 North America Pontoon Boat Market: An Overview
- 4.1.2 North America Pontoon Boat Market by Value
- 4.1.3 North America Pontoon Boat Market by Region (The US, Canada and Mexico)
- 4.1.4 The US Pontoon Boat Market by Value
- 4.1.5 The US Pontoon Boat Market by Type (Rear Lounge, Quart Seating, Bar Boat, Arch Models and Double Decker)
- 4.1.6 The US Pontoon Boat Market Type by Value
- 4.1.7 The US Pontoon Boat Market by Tube Type (Three Tube Pontoon and Two Tube Pontoon)
- 4.1.8 The US Pontoon Boat Market Tube Type by Value
- 4.1.9 The US Pontoon Boat Market by Application (Recreational, Fishing, Watersports and Others)
- 4.1.10 The US Pontoon Boat Market Application by Value
- 4.1.11 Canada Pontoon Boat Market by Value
- 4.1.12 Mexico Pontoon Boat Market by Value
- 4.2 Asia Pacific Pontoon Boat Market: An Analysis
- 4.2.1 Asia Pacific Pontoon Boat Market: An Overview
- 4.2.2 Asia Pacific Pontoon Boat Market by Value
- 4.2.3 Asia Pacific Pontoon Boat Market by Region (China, India, Japan, Australia, South Korea and Rest of the World)
- 4.2.4 China Pontoon Boat Market by Value
- 4.2.5 India Pontoon Boat Market by Value
- 4.2.6 Japan Pontoon Boat Market by Value
- 4.2.7 Australia Pontoon Boat Market by Value
- 4.2.8 South Korea Pontoon Boat Market by Value
- 4.2.9 Rest of Asia Pacific Pontoon Boat Market by Value
- 4.3 Europe Pontoon Boat Market: An Analysis
- 4.3.1 Europe Pontoon Boat Market: An Overview
- 4.3.2 Europe Pontoon Boat Market by Value
- 4.3.3 Europe Pontoon Boat Market by Region (Germany, UK, Spain, France, Italy and Rest of Europe)
- 4.3.4 Germany Pontoon Boat Market by Value
- 4.3.5 UK Pontoon Boat Market by Value
- 4.3.6 Spain Pontoon Boat Market by Value
- 4.3.7 France Pontoon Boat Market by Value
- 4.3.8 Italy Pontoon Boat Market by Value
- 4.3.9 Rest of Europe Pontoon Boat Market by Value
- 4.4 Rest of the World Pontoon Boat Market: An Analysis
- 4.4.1 Rest of the World Pontoon Boat Market: An Overview
- 4.4.2 Rest of the World Pontoon Boat Market by Value
- 5.1 Impact of COVID-19
- 5.1.1 Impact of COVID-19 on Pontoon Boat
- 5.1.2 Post COVID-19 Impact
- 6.1 Growth Drivers
- 6.1.1 Increased Tourism
- 6.1.2 Growing Disposable Income
- 6.1.3 Rapid Urbanization
- 6.1.4 Growing Inclination toward Recreational Boating Industry
- 6.1.5 Improved Engines
- 6.2 Challenges
- 6.2.1 Economic conditions
- 6.2.2 Bad Weather Conditions
- 6.3 Market Trends
- 6.3.1 Technology Advancements in Boats
- 6.3.2 Eco-Friendly and Sustainable Pontoon Boats
- 6.3.3 Increase in Rental Services
- 7.1 Global Pontoon Boat Market Players: Product Comparison
- 8.1 Polaris Inc.
- 8.1.1 Business Overview
- 8.1.2 Operating Segments
- 8.1.3 Business Strategy
- 8.2 Brunswick Corporation (Lowe Boats)
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- 8.2.3 Business Strategy
- 8.3 BRP Inc. (Manitou Pontoon Boats)
- 8.3.1 Business Overview
- 8.3.2 Operating Products
- 8.3.3 Business Strategy
- 8.4 Mastercraft Boat Holdings, Inc.
- 8.4.1 Business Overview
- 8.4.2 Operating Segments
- 8.4.3 Business Strategy
- 8.5 Yamaha Motor Co., Ltd. (G3 Boats)
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- 8.5.3 Business Strategy
- 8.6 Avalon & Tahoe Mfg., Inc.
- 8.6.1 Business Overview
- 8.6.2 Business Strategy
- 8.7 Forest River
- 8.7.1 Business Overview
- 8.7.2 Business Strategy
- 8.8 Silver Wave Pontoons
- 8.8.1 Business Overview
- 8.8.2 Business Strategy
- 8.9 Smoker Craft, Inc.
- 8.9.1 Business Overview
- 8.10 White River Marine Group (WRMG)
- 8.10.1 Business Overview
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
7. Competitive Landscape
8. Company Profiles
List of Tables
- Table 1: Global Pontoon Boat Market Players: Product Comparison
List of Figures
- Figure 1: Uses of Pontoon Boat
- Figure 2: Pontoon Boats Segmentation
- Figure 3: Global Pontoon Boat Market by Value; 2018-2022 (US$ Billion)
- Figure 4: Global Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 5: Global Pontoon Boat Market by Type; 2022 (Percentage, %)
- Figure 6: Global Pontoon Boat Market by Tube Type; 2022 (Percentage, %)
- Figure 7: Global Pontoon Boat Market by Application; 2022 (Percentage, %)
- Figure 8: Global Pontoon Boat Market by Region; 2022 (Percentage, %)
- Figure 9: Global Rear Lounge Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 10: Global Rear Lounge Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 11: Global Quad Seating Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 12: Global Quad Seating Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 13: Global Bar Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 14: Global Bar Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 15: Global Arch Models Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 16: Global Arch Models Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 17: Global Double Decker Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 18: Global Double Decker Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 19: Global Three Tube Pontoon Boat Market by Value; 2018-2022 (US$ Billion)
- Figure 20: Global Three Tube Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 21: Global Two Tube Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 22: Global Two Tube Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 23: Global Recreational Pontoon Boat Market by Value; 2018-2022 (US$ Billion)
- Figure 24: Global Recreational Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 25: Global Fishing Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 26: Global Fishing Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 27: Global Watersports Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 28: Global Watersports Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 29: Global Other Application Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 30: Global Other Application Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 31: North America Pontoon Boat Market by Value; 2018-2022 (US$ Billion)
- Figure 32: North America Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 33: North America Pontoon Boat Market by Region; 2022 (Percentage, %)
- Figure 34: The US Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 35: The US Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 36: The US Pontoon Boat Market by Type; 2022 (Percentage, %)
- Figure 37: The US Pontoon Boat Market Type by Value; 2018-2022 (US$ Million)
- Figure 38: The US Pontoon Boat Market Type by Value; 2023-2028 (US$ Million)
- Figure 39: The US Pontoon Boat Market by Tube Type; 2022 (Percentage, %)
- Figure 40: The US Pontoon Boat Market Tube Type by Value; 2018-2022 (US$ Million)
- Figure 41: The US Pontoon Boat Market Tube Type by Value; 2023-2028 (US$ Million)
- Figure 42: The US Pontoon Boat Market by Application; 2022 (Percentage, %)
- Figure 43: The US Pontoon Boat Market by Application by Value; 2018-2022 (US$ Million)
- Figure 44: The US Pontoon Boat Market Application by Value; 2023-2028 (US$ Million)
- Figure 45: Canada Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 46: Canada Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 47: Mexico Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 48: Mexico Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 49: Asia Pacific Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 50: Asia Pacific Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 51: Asia Pacific Pontoon Boat Market by Region; 2022 (Percentage, %)
- Figure 52: China Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 53: China Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 54: India Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 54: India Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 56: Japan Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 57: Japan Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 58: Australia Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 59: Australia Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 60: South Korea Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 61: South Korea Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 62: Rest of Asia Pacific Pontoon Boat Market by Value; 2018-2022 (US$ Billion)
- Figure 63: Rest of Asia Pacific Pontoon Boat Market by Value; 2023-2028 (US$ Billion)
- Figure 64: Europe Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 65: Europe Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 66: Europe Pontoon Boat Market by Region; 2022 (Percentage, %)
- Figure 67: Germany Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 68: Germany Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 69: UK Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 70: UK Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 71: Spain Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 72: Spain Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 73: France Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 74: France Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 75: Italy Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 76: Italy Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 77: Rest of Europe Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 78: Rest of Europe Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 79: Rest of the World Pontoon Boat Market by Value; 2018-2022 (US$ Million)
- Figure 80: Rest of the World Pontoon Boat Market by Value; 2023-2028 (US$ Million)
- Figure 81: Global International Tourist Arrivals; 2016-2022 (Million)
- Figure 82: Global GNI per Capita; 2016-2021 (US$ Thousand)
- Figure 83: Global Urban Population; 2016, 2021 & 2050 (Billion)
- Figure 84: Polaris Inc. Sales by Segments; 2022 (Percentage, %)
- Figure 85: Brunswick Corporation Net Sales by Segments; 2022 (Percentage, %)
- Figure 86: BRP Inc. Revenue by Products; 2022 (Percentage, %)
- Figure 87: Mastercraft Boat Holdings, Inc. Net Sales by Segments; 2022 (Percentage, %)
- Figure 88: Yamaha Motor Co., Ltd. Net Sales by Segment; 2022 (Percentage, %)
