Double Tube Pontoon Boat Market Size, Share, Growth, and Industry Analysis, By Type (Less than 20 feet, 20-24 feet, and Greater than 24 feet), By Application (Private, and Business), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

REPORT OVERVIEW

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The double tube pontoon boat market size was in USD 232.86 million 2021. As per our research, the double tube pontoon boat market is expected to reach USD 362.28 million by 2027, exhibiting a CAGR of 7.64% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

A double tube pontoon boat is a type of recreational watercraft designed for leisure activities on lakes, rivers, and other calm water bodies. It is characterized by its two inflatable or aluminum tubes, known as pontoons, which provide buoyancy and stability to the boat. The double tube pontoon boats are popular for their versatility, comfort, and spaciousness, making them ideal for various water-based activities, including cruising, fishing, swimming, and social gatherings.

COVID-19 Impact: Increased Interest in Outdoor Activities among Population to Fuel Market Growth

As the pandemic evolved, individuals sought out recreational options that enabled them to practice social distancing and minimize the risk of virus transmission. Engaging in outdoor activities, such as pontoon boating, provided a secure and roomy setting where individuals and small groups could enjoy themselves while avoiding close contact with unfamiliar individuals. The implementation of lockdowns and restrictions on indoor activities left many people feeling cooped up and restless. The double tube pontoon boat emerged as an avenue to break free from confinement and relish the liberty and serenity of open water.

The double tube pontoon boat sector, similar to numerous other industries, encountered supply chain disruptions caused by factors such as factory shutdowns, constraints, and delays in transportation. These disruptions resulted in delays in production and the potential for shortages, adversely affecting the availability and delivery timelines of pontoon boats.

LATEST TRENDS

"Sustainable and Electric Models, and Smart and Connected Features to Fuel Market Growth "

The shift towards sustainable and electric models in the double tube pontoon boat market mirrors the increasing focus on environmental stewardship and the desire to minimize the ecological footprint of recreational boating. As environmental concerns have grown and people have become more aware of the ecological consequences of traditional gasoline-powered boats, consumer preferences have evolved. Many boaters now seek greener alternatives that have a reduced impact on the environment. Electric pontoon boats are specifically designed to utilize electric motors, which are not only cleaner and quieter compared to traditional gasoline engines but also aligned with the aspiration for eco-friendliness. These electric motors are typically driven by rechargeable lithium-ion batteries, which produce zero emissions during their operation. The incorporation of smart technology and connectivity features into double tube pontoon boats is likely to have continued to advance. This encompasses the inclusion of touch-screen navigation systems, wireless connectivity for music and devices, and monitoring systems for assessing boat health and performance.

SEGMENTATION

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By Type

Based on Type, the market is classified as Less than 20 feet, 20-24 feet, and Greater than 24 feet.

By Application

Based on Application, the market is classified as Private, and Business.

DRIVING FACTORS

"Versatility to Fuel Market Growth "

The double tube pontoon boats market growth is attributed to their inherent versatility, designed to cater to a diverse range of recreational pursuits. Whether it's leisurely cruising, fishing, engaging in watersports like tubing and wakeboarding, swimming, or hosting social gatherings, the double tube pontoon boats provide a versatile platform capable of accommodating numerous activities. Boaters highly value this adaptability, as it enables them to seamlessly transition between different pastimes, making the double tube pontoon boat a comprehensive solution for their water-based enjoyment, thus contributing to the continued market growth.

"Comfort and Space to Stimulate Market Progress"

The double tube pontoon boats are distinguished by their expansive and level deck configuration, delivering abundant space. This capacious deck is ideal for hosting passengers, guaranteeing that all those on board have plenty of room to freely move, sit, and enjoy the outing in complete comfort. Additionally, it affords the flexibility for versatile seating arrangements and the incorporation of various amenities.

RESTRAINING FACTORS

"Economic Conditions to Harm Market Growth "

During periods of economic downturns and uncertainty, the consumer's ability to spend on discretionary items like double tube pontoon boats can be significantly affected. Increased unemployment rates, diminished disposable income, or financial instability may cause prospective buyers to delay or altogether abandon their intentions to buy pontoon boats.

REGIONAL INSIGHTS

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"North America Experiencing Robust Demand For Recreational Boating To Drive Market Share  "

The U.S. serves as a prominent hub for the double tube pontoon boat market share, experiencing robust demand for recreational boating in states endowed with lakes, rivers, and coastal regions. In Canada, regions featuring suitable water bodies also witness the popularity of double tube pontoon boats, and the market could potentially expand due to the increasing appetite for outdoor leisure activities.

KEY INDUSTRY PLAYERS

"Multitude Of Companies That Played A Pivotal Role In Expansion Of Double Tube Pontoon Boats"

The double tube pontoon boat market is populated by well-established manufacturers and renowned brands celebrated for their production of top-notch pontoon boats. Among these, Bennington stands out as a prominent and sizable manufacturer of pontoon boats within the United States. Bennington is acclaimed for its commitment to crafting pontoon boats of premium quality and pioneering design features.

List of Market Players Profiled

• Avalon & Tahoe Pontoon (U.S.)
• Changzhou Landscape Yacht (China)
• Harris (U.S.)
• Hubei Sanjiang Boat Technology Co., Ltd. (China)
• Wuxi Haiyu Ship Technology Co., Ltd. (China)

REPORT COVERAGE

The future demand for the double tube pontoon boat market growth is covered in this study. The Research report includes the Impact of Increased Interest in Outdoor Activities among Population due to the Covid-19 Impact. The report covers the latest trends in Sustainable and Electric Models. The paper includes a segmentation of the double tube pontoon boat market. The research paper includes the driving factors that are Versatility to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for double tube pontoon boat.