Rear Lounge Segment to Dominate North America Pontoon Boat Market During 2021–2028

According to a new market research study on “North America Pontoon Boat Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Tube Type, Propulsion Type, Size, and Application” is expected to reach US$ 2,020.71 million by 2028 from US$ 1,163.66 million in 2021. The market is estimated to grow at a CAGR of 8.2% from 2021 to 2028. The report provides trends prevailing in the North America pontoon boat market along with the drivers and restraints pertaining to the market growth. Escalating inclination toward recreational boating industry and emergence of new pontoon boats are the major factor driving the growth of the North America pontoon boat market. However, low speed of pontoon boats hinders the growth of North America pontoon boat market. 

In case of COVID-19, North America is highly affected specially US. The economic growth was slowed, which directly impacted the ship manufacturers across the region. In 2020, the COVID-19 outbreak had negatively affected the pontoon boat market in the North American region due to a halt in the manufacturing of pontoon boats. The prime concern for pontoon boat market players is the declining production of ships in North America, adversely affecting the shipping industry. Further, due to the pandemic caused, users avoid leaving their house for non-essential activity, which is expected to hinder the sales of the new pontoon boat. However, in 2021, to overcome the challenges posed by the COVID-19 outbreak, the pontoon boat manufacturers are focusing on increasing product innovation and keeping consumers' requirements in mind will lead to increased demand.

The North America pontoon boat market is segmented on the basis of type, tube type, propulsion type, size, application, and country. Based on type, the market is segmented into bar boat, rear lounge, quad seating, arch models, and double decker. The rear lounge segment dominated the market in 2020 and quad seating segment is expected to be fastest growing during forecast period. In terms of tube type, the market is bifurcated into double tube and triple tube. The triple tube segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on propulsion type, the market is segmented into single engine, double engine, and electric motor. The double engine segment dominated the market in 2020 and electric motor segment is expected to be fastest growing during forecast period. By size, the market is segmented into less than 20 feet, 20–30 feet, and more than 30 feet. The 20–30 feet segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. The market, by application, is segmented into fishing, watersports, recreational, and others. The recreational segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the US, Canada, and Mexico. 

Aloha Pontoons, BRP, Polaris Inc., Premier Marine Inc., and Sun Tracker Boats are among the leading companies in the North America pontoon boat market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, The first Bass Buggy 16 Pontoon Boat rolled off the assembly line at Bass Pro's new plant here recently. The facility was formerly a warehouse that was converted into a cutting-edge manufacturing facility. Sun Tracker Pontoon Boats, Bass Buggy 18 and Party Barge 18 are among the other boats built here. The expansion comes in the wake of the Bass Buggy line's unparalleled popularity and high demand.  

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