2:58 PM Pontoon Boat Market size will shoot up to US$ 3,638.8 million by 2023, as estimated by Stratview Research |
Stratview Research in its recent report has offered an overlook of the current Pontoon Boat Market scenarios and has also estimated the Pontoon Boat Market size to reach US$ 3,638.8 million by 2023. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis. Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2018 – 2023, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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The global pontoon boat market is projected to depict an impressive growth rate over the next five years to reach an estimated value of US$ 3,638.8 million in 2023. Increasing new boat sales, versatile usage of pontoon boats, advancement in the boat engine technology, and higher affordability of pontoon boats are some of the major factors mushrooming the demand for pontoon boats globally. There is a growing trend of family outing, partying, as well as fishing activities on pontoon boats over other boats. Having wide-open deck space in pontoon boats as compared to V-hull boats of similar length give them excellent comfort. They are also easier to get in and out from docks, making them a reliable boat type for consumers as well as for commercial-renting purposes.
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The market is segmented based on the application type as family-fun pontoon, fishing pontoon, cruising pontoon, watersports pontoon, and others. Family-fun pontoon is expected to remain the growth engine of the market during the forecast period of 2018 to 2023, driven by an increased preference of pontoon boats by families for fun over other boats, increasing trend of family outing, and affordability of pontoon boat. Based on the tube type, the market is segmented as two-tube pontoon and three-tube pontoon. Two-tube pontoon boat is expected to remain the larger segment of the market during the forecast period, whereas three-tube pontoon boat is expected to witness a higher growth in the same period.
Check out the Table of Contents here: https://www.stratviewresearch.com/toc/387/Pontoon-Boat-Market.html
Highlights of the Report: As per Stratview Research, North America currently is the leading pontoon boat market with the USA being the major driver. The region is likely to remain the key growth engine of the global market over the next five years as well. Most of the major pontoon boat manufacturers have an excellent presence in the region to cater to the growing market potential. Asia-Pacific also holds a considerable share in the market and is likely to grow at an impressive rate in the coming five years. Australia and New Zealand are the key markets in the region. The report also throws light on the Pontoon Boat Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date. Some of the key players mentioned the Pontoon Boat Market are Huntsman Corporation, Ashland Performance Materials, Celanese Corporation, and LyondellBasell, AOC Resins LLC, Owens Corning, and Reichhold.
Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. The pontoon boat market analysis report discusses the following heads in great detail:
Know more about us and our reports: Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176
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