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Trolling Motor Market Size, Share, Opportunities, And Trends By Product Type, By Product Application, By Technology, By Geography- Forecasts From 2023 To 2030

Report Code: ATR 1012 Report Format: PDF + Excel

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Trolling Motor Market Overview:

Trolling motors are small electric motors that are attached to the bow or stern of a boat and used to move the boat slowly and quietly through the water. Trolling motors are popular among anglers because they allow them to approach fish without spooking them.

The global trolling motor market is expected to grow from USD 634.3 million in 2022 to USD 921.5 million by 2030, at a CAGR of 8.1% during the forecast period. The growth of the market is attributed to the increasing popularity of fishing and recreational boating activities, along with the rising demand for innovative and efficient trolling motors.

The following are the key market drivers:

Rising Interest in Recreational Fishing: The increasing popularity of recreational fishing, both freshwater and saltwater, has been a significant driver for the trolling motor market. More people are engaging in fishing as a leisure activity, creating a demand for efficient and user-friendly trolling motors.

Technological Advancements: Continuous advancements in trolling motor technology have driven market growth. Improved features such as wireless controls, GPS integration, and digital displays have made trolling motors more attractive to anglers.

Environmental Concerns: Growing awareness of environmental sustainability and conservation efforts has led to a shift from gas-powered engines to electric trolling motors. Electric trolling motors produce fewer emissions, have a lower impact on aquatic ecosystems, and are seen as more environmentally friendly.

Regulations and Restrictions: Environmental regulations, noise restrictions, and restrictions on gas-powered motors in certain water bodies have driven the adoption of electric trolling motors. Anglers are turning to trolling motors to comply with these regulations.

Innovation in Battery Technology: Advances in battery technology, particularly lithium-ion batteries, have improved the performance and longevity of electric trolling motors. Longer battery life and faster charging times have made electric trolling motors more appealing.

Market Snapshot:

Trolling Motor Market- Report Coverage:

The “Trolling Motor Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Sniper rifle Market.

Attribute

Segment

By product type

- Freshwater

- Saltwater

- All Water

By Product Application

- Private

- Commercial

By Geography

North America (U.S., Canada, Mexico)

Europe (Germany, UK, France, Italy, Rest of Europe)

Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)

LAMEA (Latin America, Middle East, Africa)

Trolling Motor Market Report – Top Trends

Growing demand for lithium-ion trolling motors: Lithium-ion trolling motors are becoming increasingly popular due to their advantages over traditional lead-acid batteries, such as lighter weight, longer lifespan, and faster charging. Lithium-ion trolling motors are also more environmentally friendly than lead-acid batteries.

Rising demand for trolling motors with integrated GPS and fishfinder systems: Trolling motors with integrated GPS and fishfinder systems are becoming increasingly popular among anglers. These systems provide anglers with valuable information about their surroundings and help them locate fish more easily.

Development of new and innovative features: Trolling motor manufacturers are constantly developing new and innovative features to make trolling motors more user-friendly and efficient. Some of the latest features include remote control, autopilot systems, and spot-lock systems.

Increasing popularity of trolling motors among recreational boaters: Trolling motors are no longer just for anglers. Recreational boaters are also starting to see the benefits of using trolling motors, such as the ability to maneuver their boats more easily in tight spaces and to operate their boats more quietly.

Growth of the trolling motor market in emerging regions: The trolling motor market is growing rapidly in emerging regions, such as Asia Pacific and Latin America. This is due to the increasing popularity of fishing and recreational boating activities in these regions.

Trolling Motor Market- Company Product Analysis

Minn Kota Ultrex: The Minn Kota Ultrex is a high-end trolling motor that is known for its innovation and performance. The Ultrex features a number of innovative features, such as the Spot-Lock system, which allows anglers to lock their boat in position with the push of a button, and the i-Pilot Link system, which allows anglers to control their trolling motor from their smartphone or tablet.

MotorGuide Xi5: The MotorGuide Xi5 is another high-end trolling motor that is known for its innovation and performance. The Xi5 features a number of innovative features, such as the PinPoint GPS system, which provides anglers with precise GPS accuracy, and the VariMax trolling motor, which allows anglers to infinitely adjust the speed of their trolling motor.

Newport Vessels Saltwater Series: The Newport Vessels Saltwater Series is a line of trolling motors that are designed specifically for saltwater use. The Saltwater Series trolling motors are made with durable materials and feature a number of features that make them ideal for saltwater use, such as a sacrificial zinc anode and a powder-coated finish.

Watersnake Venom: The Watersnake Venom is a popular trolling motor for small boats. The Venom is lightweight and portable, making it easy to transport and install. The Venom also features a number of features that make it ideal for small boats, such as a shallow water drive system and a variable speed control.

PowerDrive Vanguard: The PowerDrive Vanguard is a popular trolling motor for kayaks and canoes. The Vanguard is lightweight and compact, making it easy to mount on a kayak or canoe. The Vanguard also features a number of features that make it ideal for kayaks and canoes, such as a whisper-quiet motor and a weedless prop.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Market. The top 10 companies in this industry are listed below:

Minn Kota
MotorGuide
Newport Vessels
Watersnake
PowerDrive
Maxxum
Riptide
Endura
Vantage
Fortify

Scope of Report:

Report Metric	Details
Base Year Considered	2022
Forecast Period	2023–2030
CAGR	8.1 %.
Market Size in 2030	$ 921.5 million
Segments Covered	By Product Type, By Product Application, By Technology, By Geography.
Geographies Covered	North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).
Key Market Players	1. Minn Kota 2. MotorGuide 3. Newport Vessels 4. Watersnake 5. PowerDrive 6. Maxxum 7. Riptide 8. Endura 9. Vantage 10. Fortify

Key Market Players

1. Minn Kota

2. MotorGuide

3. Newport Vessels

4. Watersnake

5. PowerDrive

6. Maxxum

7. Riptide

8. Endura

9. Vantage

10. Fortify

1. Trolling Motor Market - Overview

1.1 Definitions and Scope

2. Executive summary

2.1 Key Trends by Company

2.2 Key Trends by type of Application

2.3 Key Trends segmented by Geography

3. Competitive Analysis

3.1 Product Benchmarking - Top 5 companies

3.2 Financial Analysis

4. Start-up companies Scenario Premium

4.1 Start-up Company Analysis

5. Market Entry Scenario Premium Premium

5.1 Regulatory Framework Overview

6. Market Forces

6.1 Drivers

6.2 Constraints

6.3 Challenges

6.4 Porters five force model

6.4.1 Bargaining power of suppliers

6.4.2 Bargaining powers of customers

6.4.3 Threat of new entrants

6.4.4 Rivalry among existing players

6.4.5 Threat of substitutes

7. Strategic analysis

7.1 Value chain analysis

7.2 Opportunities analysis

7.3 Product life cycle

7.4 Suppliers and distributors Market Share

8. Trolling Motor Market - By Product ($Million / $Billion)

8.1 Freshwater