Global Electric Trolling Motor Market Is Set To Expand At A CAGR Of 3.8% by 2032

The global electric trolling motor market is set to enjoy a valuation of US$ 561.2 million in 2022 and further expand at a CAGR of 3.8% to reach US$ 818.6 million by the end of 2032. The most preferred bow mount trolling motor is likely to hold more than 60% of the market share by the end of 2022.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far-reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of Electric Trolling Motors Market both at worldwide and provincial levels.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: -https://www.factmr.com/connectus/sample?flag=S&rep_id=4860?PJ

"𝗣𝗶𝘃𝗼𝘁𝗮𝗹 𝗥𝗼𝗹𝗲 𝗼𝗳 𝗘𝘂𝗿𝗼𝗽𝗲 𝗨𝗻𝗶𝗼𝗻 𝗖𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗶𝗻 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝘀𝗵 𝗮𝗻𝗱 𝗦𝗲𝗮𝗳𝗼𝗼𝗱 𝗧𝗿𝗮𝗱𝗲 𝘁𝗼 𝗕𝗼𝗹𝘀𝘁𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵"

The rising exports of fish and seafood from EU countries has encouraged the growth of commercial fishing tremendously over the past few years. EU is one the largest trader of fishery and aquaculture products in terms of value and had surpassed China's trade value in 2017.

Therefore, the growing export activities, particularly from the Netherlands, Greece, Spain, Denmark, and the UK, is foreseen to bolster the growth of commercial fishing, thereby supporting the growth of trolling motors in the region.

Moreover, Europe's thousands of lakes and river provides an excellent basis for angling tourism which has increased consumer spending by anglers on marine equipment. Thus, this is likely to boost the adoption of electric trolling motors during the forecast duration.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Electric trolling motor manufacturers are Minn Kota, MotorGuide, Garmin Ltd., Lowrance Electronics, Torqeedo GmbH, Newport Vessels, Intex Recreation Corp., and Haswing Outdoor.

Manufacturers are likely to gain new opportunities in the near term, owing to significant growth in the number of anglers, globally. This is anticipated to result in increased demand for fishing equipment and gear, including trolling motors, and a revamp of the production process. The electric trolling motors market will start showing positive signs by the end of 2022.

In Jan. 2022, John Deere, one of the world's largest equipment manufacturers has purchased a majority stake in Kreisel Electric, the company building the electric speedboat battery for the Racebirds of the upcoming E1 Series powerboat championship.

In Nov. 2021, General Motors has acquired a 25% stake in Pure Watercraft with the goal of advancing the development and adoption of electric boats and outboard motors.

Fact.MR has provided detailed information about the price points of key manufacturers of electric trolling motor positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗧𝗿𝗼𝗹𝗹𝗶𝗻𝗴 𝗠𝗼𝘁𝗼𝗿 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

𝗕𝘆 𝗠𝗼𝘁𝗼𝗿 𝗧𝘆𝗽𝗲:
Bow Mounts
Transom Mounts
Engine Mounts

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 :
Salt Water
Fresh Water

𝗕𝘆 𝗕𝗼𝗮𝘁:
Bass Boat
Jon Boat
Deep-V Boat
Pontoon
Skiffs
Flat Boats
Deck Boat
Bay Boat
Fish 'N Ski

𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: -

Minn Kota (Johnson Outdoor Marine)
Motorguide (BrunswickCorporation)
Garmin Ltd
Lowrance (Navico)
Haswing USA
Watersnake (Jarvis Walker Pty, Inc.)
Newport Vessels
Torqeedo GmbH
Rhodan Marine
Navigator (MarineTech Products)
Lankhorst Taselaar B.V. (Talamex)

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4860

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