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Pontoon Market Trends

Report ID: GMI6541
Published Date: Oct 2023
Report Format: PDF

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Pontoon Market Trends

The emergence of electric pontoons has cultivated a lucrative growth trend in the pontoon industry. With increasing environmental awareness, there is a growing demand for eco-friendly watercraft. For instance, in April 2023, Pure Watercraft unveiled the ultimate blueprint of its self-designed Pure Pontoon Boat, marking the company's maiden in-house vessel. Supported by EV batteries from General Motors, this electric pontoon boat showcases the company’s potential to cater to environmentally conscious consumers seeking tranquil emission-free excursions. With the growing interest in electric propulsion, manufacturers are now offering innovative electric-powered pontoons that provide both leisure and responsible boating experiences, thereby driving market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of pontoon reached USD 7.9 billion in 2022 and is projected to witness growth at over 8.3% CAGR from 2023 to 2032, attributed to the increasing attraction of marine-based tourism and leisure pursuits.

The three-tube segment held more than 50% of the market share in 2022, owing to benefits, such as enhanced stability, improved performance, and increased carrying capacity.

North America market generated USD 4.8 billion in revenue in 2022, due to the surging interest in water-based recreational activities.

The competitive landscape of the industry includes participants, such as Polaris, Winnebago Industries, Inc., Brunswick Corporation, BRP, Avalon Pontoon Boats, MasterCraft Boat Hldgs, Envision Company, Sylvan Marine, White River Marine Group, and Bennington.