Electric trolling motors are used in propulsion systems for marine industry, but not as a main source of main propulsion. Usually, electric trolling motors uses electric motor, propeller, and controllers. The key application is fishing. Wide variety of water vessels or boats have been benefitting from the advances in electric trolling motors market. They can be used commonly in fishing boats, kayaks, tenders, inflatable boats, and dinghies. The integration of boats with GPS-powered automatic boat control has also boosted the market.
MARKET DYNAMICS
Rise in demand for recreational fishing activities is driving the growth of the electric trolling motors market. However, the regular need of maintenance may restrain the growth of the electric trolling motors market. Furthermore, a growing seafood industry is anticipated to create market opportunities for the electric trolling motors market during the forecast period.
MARKET SCOPE
The "Global Electric Trolling Motors Market Analysis To 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The electric trolling motors market report aims to provide an overview of the electric trolling motors market with detailed market segmentation by motor, application, boat, and geography. The global electric trolling motors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric trolling motors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global electric trolling motors market is segmented on the basis of motor, application, and boat. Based on motor, the electric trolling motors market is segmented into: bow mounts, transom mounts, and engine mounts. On the basis of application, the electric trolling motors market is segmented into: salt water and fresh water. Based on boat, the electric trolling motors market is segmented into: bass boats, jon boats, deep-v boats, pontoons, skiffs, flat boats, deck boats, and fish and skis.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric trolling motors market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electric trolling motors market by each region is later sub-segmented by respective countries and segments. The electric trolling motors market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the electric trolling motors market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the electric trolling motors market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric trolling motors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from electric trolling motors market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the electric trolling motors market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric trolling motors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Garmin Ltd.
- Haswing Outdoor
- Jarvis Walker Pty, Inc.
- Johnson Outdoors Inc.
- Lankhorst Taselaar
- Lowrance Electronics
- MotorGuide
- Newport Vessels
- Rhodan Marine
- Torqeedo GmbH
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