The global electric pontoon boats market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The pontoon boat market is growing across the globe due to several factors. The growing interest in eco-friendly and sustainable products is driving demand for electric pontoon boats, which produce zero emissions and have a low environmental impact. In addition, government initiatives aimed at promoting tourism and leisure activities are also supporting the growth of the pontoon boat market. One such initiative is the US Department of Interior's National Park Service's "Water Trails" program, which aims to establish a network of water trails across the US to increase recreational opportunities for boaters and paddlers. The program provides technical assistance and funding to local organizations and governments to develop and maintain water trails. Another example is the European Union's "Blue Belt" initiative, which aims to create a network of marine protected areas across Europe and increase awareness of the importance of marine conservation. The initiative also promotes sustainable tourism and recreational activities, including water cruising.
In addition, there is increasing demand for leisure and recreational activities among consumers globally, and pontoon boats offer a fun and versatile way to enjoy time on the water. Another factor contributing to the growth of the pontoon boat market is the rise of boat sharing and peer-to-peer rental platforms, such as Boatsetter and GetMyBoat. These platforms allow boat owners to monetize their vessels by renting them out to others, while also providing consumers with a more affordable and flexible way to access pontoon boats and other types of watercraft.
Advancements in pontoon boat technology have also made these vessels more efficient, comfortable, and customizable, appealing to a wider range of consumers. Hence, the companies are launching new pontoons with all such features to meet the rising consumer demand. For instance, in August 2022, Crest Pontoon Boats, a manufacturer based in Owosso, introduced its latest model to its fleet, the 2023 Crest Current. This electric pontoon boat features a 100% factory-assembled pontoon and an ePropulsion Navy 3.0 motor, along with an E175 battery, providing a quiet and efficient power source suitable for both salt and fresh water. The boat comes with its own unique helm and gauges to monitor speed and battery life and can seat up to 10 passengers with an L-shaped sunpad layout. The 20-foot electric pontoon boat also boasts a specially constructed deck designed to support the model's two 25-inch aluminum tubes. Additionally, in August 2022, Godfrey Pontoons announced the release of a new model for 2023, the Mighty G. This is the first pontoon boat from Godfrey that has been designed to be powered by either electric or gas engines. With a length of 15feet, 7 inches, and a beam of 7foot, 6inches, the Mighty G has enough space to accommodate up to seven passengers. The shortened deck height off the tubes creates a stiffer chassis, which helps to lower the pontoon's center of gravity and improve efficiency and performance with both electric and gas engines.
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Market Coverage
- The Market Number Available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Motor Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Duffy Electric Boat Company, Forza X1, Hercules Electric Marine, JT Boats, Kennedy Pontoons Inc., and others.
Electric Pontoon Boats Market Report Segment
By Motor Type
- Inboard Motor
- Outboard Motor
By Application
- Sports
- Fishing
- Others
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Electric Pontoon Boats Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bombardier Recreational Products Inc.
- Duffy Electric Boat Company
- Forza X1
- Hercules Electric Marine
- JT Boats
- Kennedy Pontoons Inc.
- Master Craft Boat Holdings, Inc.
- Moggaro Aluminium Yachts
- Polaris Inc.
- Princecraft
- Pure Watercraft, Inc.
- Tahoe Pontoon Boats
- Times Marine Company Ltd.
- VirtualExpo Group
- White River Marine Group
- Wild River Sport & Marine
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