Market Overview:
The global freshwater trolling motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric trolling motors for fishing and commercial applications. In terms of type, the bow mount segment is expected to lead the global freshwater trolling motors market during the forecast period. This can be attributed to its high efficiency and easy maneuverability. In terms of application, the fishing segment is expected to lead the global freshwater trolling motors market during the forecast period.
Product Definition:
A freshwater trolling motor is a small electric motor that is used to propel a boat in fresh water. It is typically mounted on the bow of the boat and can be used for either forward or reverse motion. A freshwater trolling motor is important for two reasons. First, it allows you to move your boat without using up your main engine's power. This can be helpful when you are trying to conserve fuel or when you are fishing in shallow water and don't want to spook the fish with the sound of your engine. Second, a freshwater trolling motor can provide extra power when needed, such as when fighting against strong currents or windy conditions.
Bow Mount:
bow mount is a device that is used to secure the fishing line or leader to an object such as a tree, post, rock. The angler can use this device in order to make the lure or hook stick out more and thus increases its chances of catching fish. It also helps in making the lure moveable and increasing its action during casting.
The global bow mount market size was valued at USD 648 million in 2015.
Transom Mount:
Transom mount is a device used to secure the motor in place and it allows free movement of propeller shaft. It’s mainly used for freshwater trolling motors. The transom mount is made up of different components like mounting plate, crossbar, and hardware kit which are easily available in the market.
The growing demand for these devices among anglers due to their benefits like easy installation and low cost has increased its availability in the market over recent years.
Application Insights:
The fishing application segment accounted for the largest revenue share of over 60% in 2017. The rising importance of freshwater fishing, especially in developing countries such as India and China is expected to have a positive impact on industry growth over the forecast period. Increasing disposable income has enabled people to spend more on recreational activities including angling, which is also likely to contribute towards industry growth.
Commercial applications are projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to increasing demand from tourism and leisure industries for boats and other watercrafts such as jet skis and personal watercraft (PWC). Increased spending by commercial operators on equipment that can provide an adventurous experience will drive demand further. Furthermore, growing PWC sports activity across regions will boost product demand during the forecast period.
Regional Analysis:
North America dominated the global freshwater trolling motor market in 2017. The region is expected to witness a growth rate of over 4% during the forecast period. Increasing demand for recreational activities along with rising awareness about marine sports in U.S., Canada, and Mexico are driving regional product demand.
Asia Pacific is anticipated to be one of the fastest-growing regions during the same period owing to growing water sports activities across countries such as China.
Growth Factors:
- Increasing demand for electric vehicles
- Growing popularity of fishing as a recreational activity
- Rising disposable income of consumers in developing countries
- Proliferation of online retail platforms
- Technological advancements in trolling motor design and functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Freshwater Trolling Motors Market Research Report
By Type
Bow Mount, Transom Mount, Pontoon Mount
By Application
Fishing, Commercial
By Companies
Minn Kota, Lowrance, MotorGuide, Watersnake, Newport Vessels, Haswing, Sevylor, Prowler, Navigator, Minn Kota
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Freshwater Trolling Motors Market Report Segments:
The global Freshwater Trolling Motors market is segmented on the basis of:
Types
Bow Mount, Transom Mount, Pontoon Mount
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fishing, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Minn Kota
- Lowrance
- MotorGuide
- Watersnake
- Newport Vessels
- Haswing
- Sevylor
- Prowler
- Navigator
- Minn Kota
Highlights of The Freshwater Trolling Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bow Mount
- Transom Mount
- Pontoon Mount
- By Application:
- Fishing
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freshwater Trolling Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Freshwater trolling motors are typically smaller and more powerful than saltwater trolling motors. They are used to troll for fish in fresh water, such as rivers and lakes.
Some of the major companies in the freshwater trolling motors market are Minn Kota, Lowrance, MotorGuide, Watersnake, Newport Vessels, Haswing, Sevylor, Prowler, Navigator, Minn Kota.
The freshwater trolling motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freshwater Trolling Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freshwater Trolling Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freshwater Trolling Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freshwater Trolling Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freshwater Trolling Motors Market Size & Forecast, 2018-2028
4.5.1 Freshwater Trolling Motors Market Size and Y-o-Y Growth
4.5.2 Freshwater Trolling Motors Market Absolute $ Opportunity
Chapter 5 Global Freshwater Trolling Motors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Freshwater Trolling Motors Market Size Forecast by Type
5.2.1 Bow Mount
5.2.2 Transom Mount
5.2.3 Pontoon Mount
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Freshwater Trolling Motors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Freshwater Trolling Motors Market Size Forecast by Applications
6.2.1 Fishing
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freshwater Trolling Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freshwater Trolling Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Freshwater Trolling Motors Analysis and Forecast
9.1 Introduction
9.2 North America Freshwater Trolling Motors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Freshwater Trolling Motors Market Size Forecast by Type
9.6.1 Bow Mount
9.6.2 Transom Mount
9.6.3 Pontoon Mount
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Freshwater Trolling Motors Market Size Forecast by Applications
9.10.1 Fishing
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Freshwater Trolling Motors Analysis and Forecast
10.1 Introduction
10.2 Europe Freshwater Trolling Motors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Freshwater Trolling Motors Market Size Forecast by Type
10.6.1 Bow Mount
10.6.2 Transom Mount
10.6.3 Pontoon Mount
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Freshwater Trolling Motors Market Size Forecast by Applications
10.10.1 Fishing
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Freshwater Trolling Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Freshwater Trolling Motors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Freshwater Trolling Motors Market Size Forecast by Type
11.6.1 Bow Mount
11.6.2 Transom Mount
11.6.3 Pontoon Mount
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Freshwater Trolling Motors Market Size Forecast by Applications
11.10.1 Fishing
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Freshwater Trolling Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America Freshwater Trolling Motors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Freshwater Trolling Motors Market Size Forecast by Type
12.6.1 Bow Mount
12.6.2 Transom Mount
12.6.3 Pontoon Mount
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Freshwater Trolling Motors Market Size Forecast by Applications
12.10.1 Fishing
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Freshwater Trolling Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Freshwater Trolling Motors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Freshwater Trolling Motors Market Size Forecast by Type
13.6.1 Bow Mount
13.6.2 Transom Mount
13.6.3 Pontoon Mount
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Freshwater Trolling Motors Market Size Forecast by Applications
13.10.1 Fishing
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freshwater Trolling Motors Market: Competitive Dashboard
14.2 Global Freshwater Trolling Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Minn Kota
14.3.2 Lowrance
14.3.3 MotorGuide
14.3.4 Watersnake
14.3.5 Newport Vessels
14.3.6 Haswing
14.3.7 Sevylor
14.3.8 Prowler
14.3.9 Navigator
14.3.10 Minn Kota
