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Electric Trolling Motors Market Is Expected to Grow Rapidly
7 months ago
3 min read

Electric Trolling Motors Market Is Expected to Grow Rapidly

The term "electric trolling motor market" describes the industry for tiny, electric motors that propel boats in a slow, steady motion, often for fishing or recreational boating. Boaters who wish to lessen their influence on the environment and minimise noise pollution will find these motors to be an appealing alternative because they are made to be extremely efficient, quiet, and long-lasting.

The market for electric trolling motors has expanded recently as a result of a number of factors, such as greater environmental consciousness, improvements in battery technology, and the appeal of recreational boating and fishing. In order to meet a variety of nautical demands, electric trolling motors are now offered by a number of top manufacturers, including Minn Kota, MotorGuide, and Newport Vessels.

Overall, it is anticipated that the market for electric trolling motors will expand over the upcoming years due to rising interest in boating and fishing as well as rising demand for environmentally friendly and quiet engines. However, there may be obstacles in the market, such as expensive pricing, a short battery life, and the requirement for specialised charging equipment, which may prevent some boaters from adopting it.

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Key findings of the Electric Trolling Motors market study:

  • The report provides a present market outlook on Electric Trolling Motors. Additionally, the Electric Trolling Motors market share is anticipated to grow with a CAGR of 3.9% in the forecast period.

  • Regional breakdown of the Electric Trolling Motors market based on predefined taxonomy.

  • Innovative manufacturing processes implemented by Electric Trolling Motors vendors in detail.

  • Region-wise and country-wise fragmentation of the Electric Trolling Motors market to grasp the revenue, and growth outlook in these areas.

  • Changing preferences among consumers across various regions and countries.

  • Factors (Positive and Negative) impacting the growth of the global Electric Trolling Motors market.

  • Electric Trolling Motors price, market share, and Trends forecast for assessment period 2022-2032

Segmentation of Electric Trolling Motor Industry Research

·         By Motor Type :

  • Bow Mounts

    • Transom Mounts

    • Engine Mounts

·         By Application :

  • Salt Water

    • Fresh Water

·         By Boat :

  • Bass Boat

    • Jon Boat

    • Deep-V Boat

    • Pontoon

    • Skiffs

    • Flat Boats

    • Deck Boat

    • Bay Boat

    • Fish ‘N Ski

·         By Region :

  • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

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What makes this Research different from others?

  • COVID- Impact analysis- The report includes details of the impact of the pandemic on the Electric Trolling Motors market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Electric Trolling Motors companies.

  • Industrial trend analysis- The research covers recent trends in the field of Electric Trolling Motors which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.

  • Electric Trolling Motors Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.

Competitive Landscape

The Electric Trolling Motors industry is dominated by some prominent players including

  • Minn Kota (Johnson Outdoor Marine)

  • Motorguide (BrunswickCorporation)

  • Garmin Ltd

  • Lowrance (Navico)

  • Haswing USA

  • Watersnake (Jarvis Walker Pty, Inc.)

  • Newport Vessels

  • Torqeedo GmbH

  • Rhodan Marine

  • Navigator (MarineTech Products)

  • Lankhorst Taselaar B.V. (Talamex)

The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Electric Trolling Motors market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Electric Trolling Motors brands leading to an impact on the margin profits of firms.

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