Global Pontoon Boat Market increasing its domination with its luxury at affordable cost

Global Pontoon Boat Market increasing its domination with its luxury at affordable cost

The market value of the Pontoon Boats is predicted to rise up to Us$ 3.6 Billion by the year 2023.
Stratview Research report on Global Pontoon Boat Market highlights the benefits of the Pontoon Boats along with the market growth and future predictions.

The modern-day Pontoon boats were inspired by the traditional idea of floating a platform attaching to logs of wood. The report on the global Pontoon Boat Market published by Stratview Research explains about different types of Pontoon boats and their domination in the market.

Pontoon boats are mainly spacious, luxurious, and comfortable and are for varied purposes such as entertainment, fishing, and lounging. They are also known to have some advantages over the large boats such as they are not much heavy and also they can enter places such as shallow water where large boats cannot. The affordable cost is another reason for the Pontoon boats to get famous for having a family leisure time on the lakes.

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Pontoon boats can be used in different applications such as family-fun, fishing, cruising, watersports, and others, among which the family-fun segment has the highest domination in the global Pontoon boat market.

To offer even better comfort for such activities, Pontoon boats are available in two-tube and three-tube styles. Though the three-tube Pontoon boats are known to offer better stability, the two-tube Pontoon boats still dominate the global market in a much higher way.

These Pontoon boats are used for both commercial as well as private purpose, but the private Pontoon boat dominates more than half of the global Pontoon boat market.

Stratview Research report has also addressed different sized Pontoon boats such as lesser than 20 feet, 20-24 feet and higher than 24 feet. The standard size of 20-24 feet has the highest domination in the global Pontoon boat market.

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The global Pontoon boat market is estimated to increase at a CAGR of more than 7% due to reasons such as an increase in the new boat sales, preference of Pontoon boat for family-fun activities, versatile usage of boats, and affordability.

The highest domination has been noticed in the North America region that had about more than the three-fourth share of the total market in 2017 followed by Asia-Pacific and Europe. The USA, Canada, Australia, Mexico, Germany, and New Zealand are the top 6 countries that occupy a major share together in the global Pontoon boat market.

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The top five players Polaris Industries Inc., White River Marine Group, Forest River Inc., Brunswick Corporation, and Avalon Pontoon Boats together were noted to hold half of the share in the global Pontoon boat market in 2017.

The emerging trends such as the development of Pontoon boat for choppy water, faster and high-performance Pontoon boats, development of new applications of Pontoon boats, and development of distribution network in the untapped market have also led to new product launches and mergers that are highlighted in the Stratview Research report.

To know about these highlights and other details, subscribe to the Stratview Research report on global Pontoon Boat Market.

Salient Features of the Report

Stratview report on Global Pontoon Boat Market highlights the current market trends and offers an estimation of the market in the forecast period. The key features of the report are:

  • Strategic Segmentation
  • Competitive Analysis
  • Strategic Growth Opportunities
  • Swot Analysis
  • Key Players
  • Forecast Analysis & Future Growth

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