With generous room aboard and rising versatility of deck and pontoons boats, the boat manufacturers are endlessly working to give a pleasant boating experience to consumers. The pontoon boat market in various European countries, such as Germany, Denmark, and Italy, is witnessing growth in their sales. The high inclination toward integrating advanced sensor and automation technologies throughout recreational boats is also driving the development phase of pontoon boats. Development in pontoon helps in providing a better and improved riding experience. The demand for pontoons is propelling in Europe due to the rising interest in outdoor and leisure recreation activities, such as lounging, cruising, and water-based adventurous activities. According to the regional government, the boating and tourism industries are well-developed and positioned to benefit from new opportunities prevailing in recreation and tourism. The well-positioned tourism and boating industries drive the penetration of pontoon and deck boats as these boats are used for the recreational and outdoor lounging purposes.
The pontoon boat market has faced many obstacles due to the shutdown of facilities in critical European countries for an extended length of time due to the COVID-19 pandemic. The primary source of concern for pontoon boat operators is the decline in boat production in both established and developing nations, which has harmed the industry. Furthermore, due to the pandemic, users avoid leaving their homes for nonessential activities, which hampers the sales of new pontoon boats. Manufacturers are expanding product innovation and keeping consumers' needs in mind to address the hurdles provided by the COVID-19 pandemic, which would increase the demand from anglers for a hassle-free fishing experience. Therefore, the demand for pontoon boats is expected to grow during the forecast period.
Simultaneously, manufacturers are figuring out how to deal with the situation by ensuring shorter delivery times to affect sales and possibly create demand for pontoon boats. The pontoon boat market is expected to recover at the fastest pace in the post-pandemic situation. A few factors such as rising HNWI population, increasing boating participants, surging share of pontoon boats in outboard boats, versatile pontoon boat usage, advancements in boat engine technology, and higher affordability pontoon boats would provide some relief to the market in the coming years.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 488.39 Million |
| Market Size by 2028 | US$ 1,049.90 Million |
| Global CAGR (2020 - 2028) | 11.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
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| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |