Global Pontoon Market Size Insights Forecasts to 2032

• The Global Pontoon Market Size was Valued at USD 5.24 Billion in 2022.
• The Market Size is Growing at a CAGR of 8.9% from 2022 to 2032
• The Worldwide Pontoon Market Size is Expected to Reach USD 12.2 Billion by 2032
• Asia-Pacific is expected to grow the fastest during the forecast period

The Global Pontoon Market Size is Anticipated to Exceed USD 12.2 Billion by 2032, Growing at a CAGR of 8.9% from 2022 to 2032. Factors driving the pontoon market include the increasing demand for recreational boating, the rising disposable income, and changing consumer preferences is enhancing the demand for the global pontoon market.

Market Overview

A floating structure like a boat with a flat bottom that supports or acts as a dock for a bridge is called a pontoon and this is similar to a flatboat, hoy, barge, and lighter. The pontoon boats are flat-deck vessels with two or more floating hulls or tubes that are typically driven by an outboard motor. Although their frequently square or rectangular shapes make them less appropriate for rough or turbulent water, lakes continue to be their preferred setting since they may be used for a range of activities, such as entertainment, fishing, and leisure. Due to their spacious decks, these boats offer greater room for seating, extra storage, comfort, luxury, and room for a variety of activities depending on the interests of the users. Furthermore, compared to other motorboats, the pontoon boat is the largest, offering an abundance of storage space. To provide customized boats such as adding extra seating, Bluetooth speakers, or even inflatable water slides, pontoon boat manufacturers are also putting a lot of emphasis on collaborating directly with their clients. By concentrating on providing a customized solution to their clients, this is helping the major player to maintain their competitiveness in the industry. Furthermore, pontoon boats may be used for both freshwater and saltwater fishing under specific circumstances, which is why fishing enthusiasts favor them. They can also be equipped with features like live wells, rod storage, and swivelling fishing seats. It is expected that during the projection period, pontoon boat sales will increase as a result.

Report Coverage

This research report categorizes the market for the global pontoon market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pontoon market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pontoon market.

Driving Factors

The pontoon is utilized for a variety of purposes, including fishing, events, parties, and entertainment. Wide-open deck areas on pontoon boats are more comfortable and convenient to enter and exit from the docks than on V-hull boats, which makes them dependable for both consumer and business rental needs. Developing high-performance pontoon boats, expanding geographically, executing mergers and acquisitions, and broadening their distribution network are the primary tactics employed by the leading companies to attain a competitive advantage in the industry. The global pontoon market is growing excessively and will take a boom in the coming years.

Restraining Factors

When considering the cost of materials, manufacturing, and extra features, pontoons can be more expensive than traditional boats. This may put off consumers who are price conscious. Although pontoons are more stable and comfortable, their manoeuvrability may be less than that of smaller, more agile boats. This may limit their use in specific water conditions or for activities that call for precise manoeuvring.

Market Segmentation

The Global Pontoon Market share is classified into tube type, size, and application.

• The three-tube pontoon segment is expected to grow at the fastest pace in the global pontoon market during the forecast period.

The pontoon market is categorized by tube type into two-tube pontoon and three-tube pontoon. Among these, the three-tube pontoon segment is expected to grow at the fastest pace in the global pontoon market during the forecast period. This is due to their increased capacity, space, and efficiency as well as the trend toward larger, higher-performance boats, most of the market was captured by the three-tube pontoon industry. Furthermore, because three-tube pontoons distribute weight more evenly, provide greater balance, and can handle stronger engines for a more stable ride, this category is anticipated to have the highest compound annual growth rate in the future.

•  The 20-24 feet segment is expected to grow at the highest pace in the global pontoon market during the forecast period.

Based on the size, the global pontoon market is divided into less than 20 feet, 20-24 feet, above 24 feet. Among these, the 20-24 feet segment is expected to grow at the highest pace in the pontoon market during the forecast period. This is because, in contrast to pontoon boats under 20 feet in length, they are much more fuel-efficient and have simple access to spare parts.

• The recreational segment is expected to hold the largest share of the global pontoon market during the forecast period.

Based on the application, the global pontoon market is divided into recreational, fishing, sports, and others. Among these, the recreational segment is expected to hold the largest share of the global pontoon market during the forecast period. This is because pontoons are designed to easily float over large waves. Furthermore, the recreational segment is expected to expand at the highest compound annual growth rate in the future due to the pleasant and touch-sensitive furniture that is now seen on new performance pontoons.

Regional Segment Analysis of the Global Pontoon Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global pontoon market over the predicted timeframe.

North America is projected to hold the largest share of the global pontoon market over the predicted years. This is primarily due to factors like rising disposable incomes, an increase in interest in water-based leisure activities, and a growth in the market for opulent, high-end boats. The United States is the world's largest market for recreational boats and pontoon boats. The profusion of small- to large-sized market participants sets the country apart.

Asia-Pacific is expected to grow at the fastest pace in the global pontoon market during the forecast period. This is because the popularity of recreational boating is rising, and the introduction of new pontoon boats is what is most fueling the market for pontoon boats.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pontoons along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• G3 Boats
• Avalon Pontoon Boats 3.
• Forest River 5.
• Bennington
• Brunswick Corporation
• Manitou Pontoon Boats.
• Tahoe 8.
• Smoker Craft
• Larson Escape
• Silver Wave
• Crest Marine LLC
• Forza X1, Inc.
• JC Triton Marine.
• White River Marine Group 
• Berkshire Pontoons
• Polaris Industries
• Crest
• MasterCraft Boat Hldgs
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2022, Forza X1, Inc., a startup company that specializes in electric sport boats, recently revealed that it is creating the FX3, an electric pontoon boat, to expand its model range.

• In August 2021, Winnebago Industries, Inc., a well-known producer of products for outdoor living, purchased Barletta Pontoon Boats, a producer of high-end pontoons.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Pontoon Market based on the below-mentioned segments: 

Global Pontoon Market, By Tube Type

• Two-Tube Pontoon
• Three-Tube Pontoon

Global Pontoon Market, By Size

• Less than 20 Feet
• 20-24 Feet
• Above 24 Feet

Global Pontoon Market, By Application

• Recreational
• Fishing
• Sports
• Others

Global Pontoon Market, By Region

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• Uk
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• UAE
• Saudi Arabia
• Qatar
• South Africa
• Rest of the Middle East & Africa