The kayak trolling motors market is likely to register a CAGR of 3% during the forecast period, and is anticipated to reach a market share of US$ 641 Mn in 2032 from US$ 550 Mn in 2020, due to an increase in recreational activity coupled with significant fishing activity around the world.
Attributes
Details
Kayak Trolling Motor Market CAGR
3%
Kayak Trolling Motor Market Size (2032)
US$ 550 Mn
Kayak Trolling Motor Market Size (2020)
US$ 641 Mn
Operating a kayak manually or with a paddle has been described as extremely laborious, therefore end users have expressed a need for kayak drivability in a more convenient manner, as well as a high degree of travel speed, which has increased demand for kayak trolling motor.
As the kayak trolling motors do not produce as much noise as huge propeller engines, they are considered to be particularly cost-effective for aquatic aquaculture, which is one of the major reasons for the sale of kayak trolling motors. The kayak with the trolling motor installed can easily be operated through remote control.
The kayak trolling motor market research report provides a thorough analysis that includes intelligent insights, facts, historical data, and statistically backed and industry-validated market data. It assesses the elements driving demand for kayak trolling motor using the correct methodology.
The research report examines and reports on the boat console market in terms of sales of kayak trolling motor, geographies, applications, and industries, and how it affects the kayak trolling motor market share.
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What Factors Drive the Kayak Trolling Motor Market?
Increased leisure activity, combined with significant fishing activity, has been essential in propelling the worldwide kayak trolling motor market for a long time. Furthermore, during the projected period, technological advancements in boat drive technology are expected to boost sales of kayak trolling motor.
Instead of the benefits of a kayak trolling motor, the overall weight of the kayak will increase after installation of the trolling motor, which is expected to increase the overall efficiency of the kayak, enhancing the demand for kayak trolling motor, as well as affect the speed of the kayak as the trolling motors are connected to a battery, shaft, and other components.
What are the Trends followed by the Kayak Trolling Motor Market?
In order to compete in the competitive kayak trolling motor market, manufacturers are offering novel features, such as an LED light battery indicator that shows the percentage battery charge, which can propel the demand for kayak trolling motor.
Furthermore, most manufacturers have chosen this technology to enhance the worldwide kayak trolling motor market share. Most of the main manufacturers of kayak trolling motors also include an adjustable shaft, which allows for easier driving and handling. As a result, rising varied improvements in the trolling motor shaft is expected to boost global sales of kayak trolling motor in the coming decades.
Furthermore, several important characteristics of the kayak trolling motor, such as high battery backup, lightweight, and good build quality, among others, enable the sales of kayak trolling motor in the respective business areas.
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Which is the Leading Region in the Kayak Trolling Motor Market?
In the future, Europe is likely to gain a significant proportion of the worldwide kayak trolling motor market, owing to tremendous sales of kayak trolling motor and expanding demand for recreational boating and rising middle-class income.
Owing to increased fishing activities and technological advancements in boat operation technology, North America is expected to represent significant potential for the global kayak trolling motor market throughout the forecast period.
In the kayak trolling motor market, the Asia Pacific region is expected to develop at a very slow rate. However, due to the penetration of automation in motor drive technology in the coming decades, demand for kayak trolling motor in China and India are expected to increase at a high rate.
The Middle East and Africa area has tremendous potential for the kayak trolling motor market as a result of the rising maritime industry, which has resulted in an increase in sales of kayak trolling motor over the evaluation period.
How Competitors Impact the Kayak Trolling Motor Market?
Ningbo Haibo Group Co., Ltd., MINN KOTA, Torqeedo GmbH, Jarvis Walker Pty Ltd, Newport Vessels, Haswing USA, Marine Tech Products are key players in the kayak trolling motor market. Kayak trolling motor market share is experiencing moderate growth due to the steady stream of cash from the commercial fishing industry.
A rising number of companies are installing trolling motors with modern marine electronics in order to improve their performance and functionality. Top players are embracing integrated marine propulsion technology, opening up a huge market in the next few years to boost up the demand for the kayak trolling motor.
Leading competitors in the global kayak trolling motor market are attempting to release high-performance, low-energy kayak trolling motors at an affordable price, to promote the sales of kayak trolling motor. Furthermore, in order to compete in a congested market, prominent manufacturers are putting their products on websites such as Amazon and Industry Buying, among others.
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Scope of Report
Report Attribute
Details
Growth rate
CAGR of 3% from 2022 to 2032
Base year for estimation
2021
Historical data
2015 - 2020
Forecast period
2022 - 2032
Quantitative units
Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered
Thrust capacity, distribution channel, sales channel, application, end use, region
Regional scope
North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope
U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled
Ningbo Haibo Group Co., Ltd., MINN KOTA, Torqeedo GmbH, Jarvis Walker Pty Ltd., Newport Vessels, Haswing USA, Marine Tech Products
Customization scope
Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs.
Frequently Asked Questions
What is the Growth Outlook for the Kayak Trolling Motor Market?
The kayak trolling motor market is anticipated to register a CAGR of 3% during the forecast period.
What is the Share of the Kayak Trolling Motor Market?
The kayak trolling motor market share is anticipated to reach US$ 641 Mn in 2032.
Which is the Key Driver in the Kayak Trolling Motor Market?
Demand for kayak trolling motors is likely to rise due to an increase in recreational activity coupled with significant fishing activity around the world.
