Global Trolling Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Trolling Motors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Trolling Motors market finds that the global Trolling Motors market reached a value of USD 462.03 million in 2022. It’s expected that the market will achieve USD 527.8 million by 2028, exhibiting a CAGR of 2.24% during the forecast period.

Market Challenges and Impact

In some countries with relatively backward economy, the production process is relatively backward, and the quality of the products that may be produced at one time is not good.
In some countries with relatively developed economies and small populations, labor costs are relatively high, which greatly increases the cost of products.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Johnson Outdoors, Brunswick, Torqeedo with the revenue market share of 41.65%, 28.64%, 4.84% in 2018.

Johnson Outdoors Inc

Provides an electric motor for trolling or main propulsion, products are built on consumer insights and emerging technologies.

Headquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers, and SmartCraft electronics; Power Products Integrated Solutions; MotorGuide trolling motors; Attwood, Garelick and Whale marine parts; Land ’N’ Sea, BLA, Payne’s Marine, Kellogg Marine & Lankhorst Taselaar marine parts distribution; and Mercury and Quicksilver parts and oils; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern boats; Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT fitness equipment; and Brunswick billiards tables, accessories and game room furniture.

Segmentation Overview:

Among different product types, Bow Mount segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Freshwater Use segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Trolling Motors market covered in Chapter 3:

Jarvis Walker
Brunswick
Newport Vessels
Torqeedo
Johnson Outdoors
Rhodan Marine Systems
MarineTech
CSM TECH CO.,LTD

In Chapter 4 and Chapter 14.2, on the basis of types, the Trolling Motors market from 2018 to 2029 is primarily split into:

Bow Mount
Transom Mount
Engine Mount

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Trolling Motors market from 2018 to 2029 covers:

Saltwater Use
Freshwater Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)