Trolling Motors Market Scope
Trolling Motors is a device which includes an electric motor, propeller and a controller, this device is fixed to a boat. This boat helps in trolling, it also offers a lift from water and helps in reducing drags when the boats initial engine is in operation. An increasing number of boat activities are driving the market for trolling motors.
The market study is being classified by Type (Bow mount, Transom mount and Engine mount), by Application (Saltwater use and Freshwater use) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Trolling Motors market throughout the predicted period.
Minn Kota (United States), Motorguide (United States), Watersnake (United Kingdom), Newport Vessels (United States), Haswing (United States), Sevylor (United States) and Navigator (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Trolling Motors market by Type, Application and Region.
On the basis of geography, the market of Trolling Motors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End ľUser, the sub-segment i.e. Private will boost the Trolling Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sale Channel, the sub-segment i.e. Direct Sales will boost the Trolling Motors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 9th July 2018, Minn Kota launched a new Trolling Motors with Built-In MEGA Down Imaging. This product consists of a transducer which helps the anglers to see what is directly below the bow of the boat, allowing anglers to make better decisions on where, and how, to fish.
- Adoption of Water Sports in Both Developed as Well Developing Countries
- Increasing Recreational Activity Coupled With Significant Fishing Activity around the World
- Rising Technological Advancement in Boat Drive Technology
- Growing Usages of Water Transportation in Emerging Economies
- Rising Interests Regarding Water Sports Activities as Well as Fishing among People
- High Cost of These Boats
- Concern Related to the Malfunctioning of These Motors
- Issues Related to Technical Barrier
Key Target AudiencePotential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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