Pontoon Boat Market to reach US$ 3,638.8 million in 2023

Stratview Research has published a new research report on Pontoon Boat Market. This extensive 228-page report by Stratview Research analyses the growth of Pontoon Boat Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Application Type (Family-Fun Pontoon, Fishing Pontoon, Cruising Pontoon, Watersports Pontoon, Others)
• By End-Use Type (Private, Commercial)
• By Tube Type (Two-Tube Pontoon, Three-Tube Pontoon)
• By Size Type (less than 20 Feet Pontoon Boats, 20-24 Feet Pontoon Boats, greater than 24 Feet Pontoon Boats)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)

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Demand for pontoon boats in the market
Pontoon boat is a flat-deck boat containing two or more floating hulls or tubes typically powered by an outboard engine. They generally have either square or rectangular shapes, which makes them less suitable for choppy or rough water; however, they are widely preferred in lakes where they are used for varied functions, such as entertainment, fishing, and lounging. These boats have large deck space, which adds more seating space, luxury, comfort, extra storage space, and additional room for various activities as per users’ interest.
The global pontoon boat market is projected to depict an impressive growth rate over the next five years to reach an estimated value of US$ 3,638.8 million in 2023. Increasing new boat sales, versatile usage of pontoon boats, advancement in the boat engine technology, and higher affordability of pontoon boats are some of the major factors mushrooming the demand for pontoon boats globally.

There is a growing trend of family outing, partying, as well as fishing activities on pontoon boats over other boats. Having wide-open deck space in pontoon boats as compared to V-hull boats of similar length give them excellent comfort. They are also easier to get in and out from docks, making them a reliable boat type for consumers as well as for commercial-renting purposes.

Family-fun pontoon is expected to remain the growth engine
The market is segmented based on the application type as family-fun pontoon, fishing pontoon, cruising pontoon, watersports pontoon, and others. Family-fun pontoon is expected to remain the growth engine of the market during the forecast period of 2018 to 2023, driven by an increased preference of pontoon boats by families for fun over other boats, increasing trend of family outing, and affordability of pontoon boat.

Two-tube pontoon boat is expected to remain the larger segment of the market
Based on the tube type, the market is segmented as two-tube pontoon and three-tube pontoon. Two-tube pontoon boat is expected to remain the larger segment of the market during the forecast period, whereas three-tube pontoon boat is expected to witness a higher growth in the same period.

North America to remain the largest market
In terms of regions, North America currently is the leading pontoon boat market with the USA being the major driver. The region is likely to remain the key growth engine of the global market over the next five years as well. Most of the major pontoon boat manufacturers have an excellent presence in the region to cater to the growing market potential. Asia-Pacific also holds a considerable share in the market and is likely to grow at an impressive rate in the coming five years. Australia and New Zealand are the key markets in the region.

Top market players
The supply chain of this market comprises raw material suppliers, component manufacturers, pontoon boat manufacturers, distributors, and end users. Some of the key pontoon boat manufacturers are Polaris Industries Inc., White River Marine Group, Forest River Inc., Brunswick Corporation, and Avalon pontoon boats. Development of high-performance pontoon boats, expansion of distribution network, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Pontoon Boat Market overview, industry life cycle analysis, supply chain analysis
• Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
• Competitors’ market share, product portfolio and new launches.
• Growth opportunities in each segment.
• Emerging trends which will decide the future course of development.
• Strategic growth opportunities for the existing and new players
• Key success factors.

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