Pontoon Boat Market is expected to reach US$ 4,089.97 Million by 2028

According to our latest market study on "Pontoon Boat Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Tube Type, Propulsion Type, Size, and Application," the market was valued at US$ 2,132.97 million in 2021 and is projected to reach US$ 4,089.97 million by 2028; it is expected to grow at a CAGR of 9.7% from 2021 to 2028. Development in Pontoons to Create Lucrative Opportunities for Pontoons Boats Manufacturers during 2021-2028

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Key Companies:
• ALOHA PONTOONS
• Kiwi Kraft Ltd.
• Nazareth Boats
• Polaris Inc.
• Swiss-Boats AG
• BRP
• SUN TRACKER BOATS
• PONTOONBOOT
• SEA-AND-YACHTING.COM
• floatingterrace.eu

The tourism industry across the globe is increasing rapidly. According to the latest figures published by the United Nations World Tourism Organization (UNWTO), in July 2021, almost 54 million international tourists traveled across the world. This is the highest figure recorded since the beginning of the health crisis that brought the global tourism industry to a virtual standstill for many months. This figure also represents an increase of around 58%, compared to the 34 million international tourists in July 2020. Additionally, according to the World Travel and Tourism Council, Saudi Arabia is expected to record 22.1 million international arrivals by 2025, nearly 40% higher than Dubai's current visitors. Further, World Tourism Organization forecasts that South America will receive 78.2 million tourists by 2027, generating US$ 82 billion for the local economy. In addition, the UAE, Australia, the US, Canada, Brazil, Italy, France, Germany, India, and China are among the prominent tourist destinations. Thus, the growing tourism industry in these destinations increases recreational sailing and water sports activities. For instance, the snowballing effect of domestic and international tourist footfall in European countries is massively contributing to the recreational boating industry. In 2020, the global tourism sector witnessed decline due to the imposition of national lockdowns across the world. In 2021, with the uplifting of lockdowns and reopening of manufacturing factories, the production of pontoon boats has resumed. The tourism sector is working in many countries with strict government protocols. Various advanced features, such as Bluetooth speakers, additional seating, or even inflatable water slides, are being installed in the boats to attract customers. It would help in the growth of the pontoon boat market in the coming years

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Pontoon Boat Market Insights
Growing Inclination Toward Recreational Boating Industry

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 globe 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 such as Australia, US, Italy, France, Germany, Denmark, and Sweden among others 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 region in the world. The snowballing effect of domestic and international tourist footfall in European countries is massively contributing to the recreational boating industry in Europe.

The global pontoon boat market has been segmented as mentioned below:
By Type
Bar Boat
Rear Lounge
Quad Seating
Arch Models
Double Decker

By Tube Type
Double Tube
Triple Tube

By Propulsion Type
Single Engine
Double Engine
Electric Motor

By Size
Less than 20 Feet
20-30 Feet
More than 30 Feet

By Application
Fishing
Watersports
Recreational
Others

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