Published by top news
Posted on August 11, 2021
The global sales of electric trolling motors are expected to surpass a value of US$ 546 Mn by 2020-end, and expand at a CAGR of 3.2% during the forecast period (2020-2030).
The rampant spread of COVID-19 is resulting in declining sales, as a number of anglers are staying indoors, which ultimately impacts the sales of electric trolling motors. To maintain business continuity during this crisis, manufacturers are utilizing digital technologies and engaging customers via online portals. Subsequently, the pandemic has shifted consumer focus towards e-Commerce platforms. Moreover, there are several trolling motor manufacturers who have started providing trolling motors through their websites. This, in turn, will strengthen the demand for electric trolling motors.
Manufacturers are aligning with the current market trends and are focusing on offering anglers with tremendous opportunity to fish effectively. For instance, they are integrating motors with GPS systems, which enables the angler to fish at the same spot the next day. This is anticipated to increase the demand for trolling motors and create ample opportunities for players operating in the electric trolling motors market.
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“The large-scale closure of OEM plants in USA and Europe will have a short-term impact on the demand for electric trolling motors. However, swift growth in the number of recreational fishing activities in developed regions is anticipated to reap larger benefits for key players during the forecast period,”says a Fact.MR analyst.
Get Customization on Electric Trolling Motors Market Research Report for specific research solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4860
For the better understanding of readers, Fact.MR’s study on the electric trolling motors market offers information divided into four key segments – motor, application, boat, and region. This report offers comprehensive data and information about various important market dynamics and growth parameters that are closely associated with these categories.
Motor
Application
Boat
Region
Have a Query? Connect to Research Analyst https://www.factmr.com/connectus/sample?flag=AE&rep_id=4860
Key players in the electric trolling motors market are Minn Kota, MotorGuide, Garmin Ltd., Lowrance Electronics, Torqeedo GmbH, Newport Vessels, Intex Recreation Corp., and Haswing Outdoor. Prominent manufacturers are striving for product enhancement and introduction of new products to broaden their customer base and gain a competitive edge over other players. For instance,
For More Trending Reports https://www.accesswire.com/631292/High-Demand-for-Coconut-Shell-Derived-BBQ-Charcoal-to-Brighten-Future-Growth-Outlook-FactMR
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global electric trolling motors market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the electric trolling motors market based on motor (bow mounts, transom mounts, and engine mounts), application (salt water and fresh water), and boat (bass boats, Jon boats, deep-v boats, pontoons, skiffs, flat boats, deck boats, bay boats, and fish & skis), across six regions.
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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
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The global sales of electric trolling motors are expected to surpass a value of US$ 546 Mn by 2020-end, and expand at a CAGR of 3.2% during the forecast period (2020-2030).
The rampant spread of COVID-19 is resulting in declining sales, as a number of anglers are staying indoors, which ultimately impacts the sales of electric trolling motors. To maintain business continuity during this crisis, manufacturers are utilizing digital technologies and engaging customers via online portals. Subsequently, the pandemic has shifted consumer focus towards e-Commerce platforms. Moreover, there are several trolling motor manufacturers who have started providing trolling motors through their websites. This, in turn, will strengthen the demand for electric trolling motors.
Manufacturers are aligning with the current market trends and are focusing on offering anglers with tremendous opportunity to fish effectively. For instance, they are integrating motors with GPS systems, which enables the angler to fish at the same spot the next day. This is anticipated to increase the demand for trolling motors and create ample opportunities for players operating in the electric trolling motors market.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4860
“The large-scale closure of OEM plants in USA and Europe will have a short-term impact on the demand for electric trolling motors. However, swift growth in the number of recreational fishing activities in developed regions is anticipated to reap larger benefits for key players during the forecast period,”says a Fact.MR analyst.
Get Customization on Electric Trolling Motors Market Research Report for specific research solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4860
For the better understanding of readers, Fact.MR’s study on the electric trolling motors market offers information divided into four key segments – motor, application, boat, and region. This report offers comprehensive data and information about various important market dynamics and growth parameters that are closely associated with these categories.
Motor
Application
Boat
Region
Have a Query? Connect to Research Analyst https://www.factmr.com/connectus/sample?flag=AE&rep_id=4860
Key players in the electric trolling motors market are Minn Kota, MotorGuide, Garmin Ltd., Lowrance Electronics, Torqeedo GmbH, Newport Vessels, Intex Recreation Corp., and Haswing Outdoor. Prominent manufacturers are striving for product enhancement and introduction of new products to broaden their customer base and gain a competitive edge over other players. For instance,
For More Trending Reports https://www.accesswire.com/631292/High-Demand-for-Coconut-Shell-Derived-BBQ-Charcoal-to-Brighten-Future-Growth-Outlook-FactMR
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global electric trolling motors market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the electric trolling motors market based on motor (bow mounts, transom mounts, and engine mounts), application (salt water and fresh water), and boat (bass boats, Jon boats, deep-v boats, pontoons, skiffs, flat boats, deck boats, bay boats, and fish & skis), across six regions.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
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