Driven by versatile usage of pontoon boats, Pontoon Boat Market is expected to grow beyond US$ 3,638.8 million

Market & Growth Prognosis: Analyzing the market over a period of 2012-17 Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Pontoon Boat Market during the period 2018-23.

Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 3,638.8 million by 2023.

The Diverse Stand Points

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Pontoon Boat has been viewing from various perspectives such as:

Dissection By (Segments)
1. Application Type (Family-Fun Pontoon, Fishing Pontoon, Cruising Pontoon, Watersports Pontoon, Others)
2. Tube Type (Two-Tube Pontoon, Three-Tube Pontoon)
3. End-Use Type (Private, Commercial)
4. Size Type (Less than 20 Feet Pontoon Boats, 20-24 Feet Pontoon Boats, More than 24 Feet Pontoon Boats)
5. By Region (North America, Europe, Asia-Pacific and Rest of the World)

Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

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The Factors Driving 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.

The rise of Family-fun pontoon

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.

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.

Driven by demand, North America has the hegemony over the 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.

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● Strategic segmentation
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● analysis, SWOT analysis
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● Market trend and forecast analysis
● Future Growth Boulevards

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