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Similar situation here.

My take on it is that frequent users perceive apps as desktop launchers/shortcuts.

They don't care about the difference between app and web, per se, but the bookmarking situation in mobile browsers is awful (desktop too, honestly), and an app presents a convenient launcher for the service/site/data they want.

Adding a springboard launcher for a PWA is easy but still apparently more frictional than installing an app.

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You could add features to make it a PWA and explain to users how to save it t their desktop. I used ProtonMail for years that way (I do not have a smartphone anymore, so no longer do so).
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building and maintaining a simple webview app might be easier than you think.

if you ever end up making one im very very curious about how much market share that would gain

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