Market Overview:
The global trolling motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for electric boats and rising popularity of fishing and recreational activities. In terms of type, the bow mount segment is expected to lead the global trolling motors market during the forecast period. This can be attributed to its high efficiency and easy maneuverability.
Product Definition:
A trolling motor is a small electric motor that is used to power a boat. It is mounted on the bow of the boat and can be used to propel the boat in any direction. Trolling motors are important for fisherman because they allow them to move around quietly and slowly in order to bait fish.
Bow Mount:
The bow mount is a device that is used to hold the motor in position while installing it on the boat. It can be mounted on both sides of the boat and has become an essential component for mounting motors in boats. The growth factor for this market is increasing demand from anglers who are looking to upgrade their boats or purchase new ones with motors attached.
Transom Mount:
Transom mount is a device used to secure the motor in place during casting and retrieve the lure from water. It's an essential component of any fishing tackle, especially for anglers who like to fish from moving boats or prefer using lures that are cast into moving water. Transom mounts are manufactured in numerous sizes and shapes depending on the application requirements.
Application Insights:
Fishing application dominated the global trolling motors market, accounting for over 45% of the revenue share in 2017. Rising demand for fishing equipment, particularly in developing countries such as China and India is expected to drive growth during the forecast period. Increasing number of anglers spending more on advanced equipment is also anticipated to boost industry growth over the coming years.
Commercial application segment was valued at USD 1,227.5 million in 2017 owing to rising deployment of boats for commercial purposes such as river cruising and day-long trips on inland waterways across various regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable growth rate of over 3% from 2018 to 2030. Increasing demand for recreational and commercial fishing activities coupled with rising popularity of water sports in the region is anticipated to drive product demand over the forecast period. Furthermore, increasing use of electric trolling motors for reducing carbon footprint and noise pollution is expected to further propel regional growth during the forecast period.
Asia Pacific emerged as a prominent consumer market for trolling motor products owing to growing popularity of recreational fishing among people belonging urban as well as rural areas across countries such China, Japan, South Korea, Australia and India has significantly increased spending on leisure activities which subsequently drives product sales at both domestic and international levels thereby driving overall industry growth in Asia Pacific region over past few years thus making it one of largest markets globally by revenue share in 2017).
Growth Factors:
- Increasing demand for electric vehicles
- Rising popularity of fishing as a recreational activity
- Growing awareness about the benefits of trolling motors
- Technological advancements in trolling motor design and functionality
- Proliferation of online retail platforms that offer discounts on trolling motors
Scope Of The Report
Report Attributes
Report Details
Report Title
Trolling Motors Market Research Report
By Type
Bow Mount, Transom Mount
By Application
Fishing, Commercial
By Companies
Minn Kota, Motorguide, Watersnake, Newport Vessels, Haswing USA, Sevylor, Prowler, Navigator
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Trolling Motors Market Report Segments:
The global Trolling Motors market is segmented on the basis of:
Types
Bow Mount, Transom 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
- Motorguide
- Watersnake
- Newport Vessels
- Haswing USA
- Sevylor
- Prowler
- Navigator
Highlights of The 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
- 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 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?
Trolling motors are devices that are used to create a false or misleading online presence for the purpose of harassing, embarrassing, or otherwise disrupting another person.
Some of the major companies in the trolling motors market are Minn Kota, Motorguide, Watersnake, Newport Vessels, Haswing USA, Sevylor, Prowler, Navigator.
The 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 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 Trolling Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Trolling Motors Market Size & Forecast, 2018-2028
4.5.1 Trolling Motors Market Size and Y-o-Y Growth
4.5.2 Trolling Motors Market Absolute $ Opportunity
Chapter 5 Global 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 Trolling Motors Market Size Forecast by Type
5.2.1 Bow Mount
5.2.2 Transom Mount
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 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 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 Trolling Motors Analysis and Forecast
9.1 Introduction
9.2 North America 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 Trolling Motors Market Size Forecast by Type
9.6.1 Bow Mount
9.6.2 Transom 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 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 Trolling Motors Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Trolling Motors Market Size Forecast by Type
10.6.1 Bow Mount
10.6.2 Transom 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 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 Trolling Motors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Trolling Motors Market Size Forecast by Type
11.6.1 Bow Mount
11.6.2 Transom 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 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 Trolling Motors Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Trolling Motors Market Size Forecast by Type
12.6.1 Bow Mount
12.6.2 Transom 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 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) Trolling Motors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Trolling Motors Market Size Forecast by Type
13.6.1 Bow Mount
13.6.2 Transom 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) 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 Trolling Motors Market: Competitive Dashboard
14.2 Global Trolling Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Minn Kota
14.3.2 Motorguide
14.3.3 Watersnake
14.3.4 Newport Vessels
14.3.5 Haswing USA
14.3.6 Sevylor
14.3.7 Prowler
14.3.8 Navigator
