In the past few years, pontoon boats have undergone dramatic changes with respect to their features, design, and technical abilities. Currently, pontoon boats are equipped with a range of gadgets and equipment that provide ease of sailing to their users. The most common facilities offered by the pontoon boats include battery storage area, motor mount, canopy, fish finder, fishing rod holders, and anchors.
The pontoon boats are lightweight, which makes them susceptible to windy conditions and waves, and this allows them to be used for various purposes such as pleasure, fishing, and sports. Pontoon boats designed for fishing and pleasure sailing are relatively lower in price than those for commercial purposes.
In 2018, the pontoon boat market was recorded among the first few to recover the downturn and is expected to continue to gain a steady sales trajectory in the next few years. Furthermore, as per NMMA (National Marine Manufacturers Association), the increase in expenditure on boats is expected to fuel the global pontoon boat market during the forecast period.
Unlike before, the pontoon boats have evolved to serve multiple purposes, including water sports, fishing, twilight cruise, and family picnic/outing. The market players anticipated a huge influx from baby boomers after the recovery of the market.
However, in the past couple of years, millennials and GenX have showcased an equal interest in these boats. The key factors driving the attention of these generations toward pontoon boats are their flat floor and wide entry gates that would enable easy entry for wheelchair and kid’s strollers.
Furthermore, the rise in focus of the boat manufacturers on providing comfort through luxurious lounge areas is expected to drive the demand for pontoon boats globally.
The pontoon boats are the long-term assets that the people invest in, and because they have a longer product cycle, the probability of the market reaching its maturity is likely to happen fast
Most market experts believe the rapid sales of pontoons boats is a boom that might soon collapse beneath the market saturation pressure
The global pontoon boat market can be segmented based on product type, design type, application, end-use, and geography. In terms of product type, the market can be classified into luxury pontoon and conventional pontoon.
Based on design type, the market can be bifurcated into two hull pontoon and three hull pontoon. In terms of application, the global pontoon boat market can be divided into water sports pontoon, recreational pontoon, fishing pontoon, and others (cruising, public transport, etc.). Based on end-use, the market can be classified into personal, and commercial.
In terms of geography, the global Pontoon Boats Market can be classified into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are divided into countries such as the U.S., Canada, Germany, France, Italy, U.K., GCC countries, China, India, Japan, and Brazil. In terms of value, North America is expected to hold a major share of the global market during the forecast period.
Major players in the global pontoon boats market are significantly looking for opportunities to improve their efficiency, enhance their production capabilities, and introduce innovative products in the global market. The pontoon boat market is likely to witness significant growth in the process of production, as market players are introducing advanced techniques in the production of pontoon boats.
Key players operating in the global pontoon boats market are Aloha Pontoons, Avalon Pontoon Boats, Brunswick Corporation, Forest River Inc., Mark McManus, Inc., and Triton Industries, Inc., Manitou Pontoon Boats, White River Marine Group, LLC, Smoker Craft Boats, and Polaris.