Trolling motor is a subordinate basis of propulsion in a boat, including an engine, gearbox, and propeller. It is mostly utilized in mutely moving a fishing boat through the water to not spook the fish. There has been a wealthy growth in the fishing and seafood industries since the fishing boat industry is acquisition a thrust that will boost the trolling motor market in the coming years.
MARKET DYNAMICS
An increase in fishing sales and increasing demand for fishing boats are some of the major factors driving the growth of the trolling motor market. Moreover, increasing technological advancement in fishing is anticipated to bring new opportunities for the market.
MARKET SCOPE
The "Global Trolling Motor Market Analysis to 2028"? is a specialized and in-depth study of the trolling motor market with a special focus on the global market trend analysis. The report aims to provide an overview of trolling motor market with detailed market segmentation by mount type, motor type, application. The global trolling motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading trolling motor market players and offers key trends and opportunities in the trolling motor market.
MARKET SEGMENTATION
The global trolling motor market is segmented on the basis of mount type, motor type, application. On the basis of mount type, the market is segmented as bow, transom, engine. On the basis of motor type, the market is segmented as electric, gasoline powered. On the basis of application, the market is segmented as salt water, fresh water
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global trolling motor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The trolling motor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting trolling motor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the trolling motor market in these regions.
MARKET PLAYERS
The reports cover key developments in the trolling motor 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 expansion of business and customer base of market players. The market players from trolling motor market are anticipated to lucrative growth opportunities in the future with the rising demand for trolling motor market. Below mentioned is the list of few companies engaged in the trolling motor market.
The report also includes the profiles of key trolling motor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Garmin Ltd
- HASWING OUTDOOR
- Johnson Outdoors Inc (Minn Kota)
- Lowrance Electronics
- MotorGuide
- Newport Vessels
- Ningbo Haibo Machinery Co., Ltd.
- Ningbo Haishu Hongkang Outdoor Industry & Trade Co., Ltd
- Rhodan Marine
- Seamax Marine
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.