250 Pages Electric Trolling Motors Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry analysis by Fact MR, predicts sales of Electric Trolling Motors to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The electric trolling motors market value is poised to expand 1.4X and register a CAGR of 3.2% during the forecast period (2020-2030). However, the COVID-19 pandemic is having a negative impact on the global electric trolling motors market in 2020, due to the closure of plants in leading trolling motor manufacturing countries in North America and Europe.
The pandemic has also impacted the supply of components to manufacturing facilities, thereby resulting in declining production of trolling motors. However, manufacturers are optimistic that flourishing growth of the fishing and seafood industries will provide impetus to the fishing boat industry. This, in turn, is anticipated to boost the growth of the electric trolling motors market size during the forecast period.
The report offers actionable and valuable market insights of Electric Trolling Motors. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Electric Trolling Motors Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Electric Trolling Motors market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Electric Trolling Motors
This newly published and insightful report sheds light on Market Insights of Electric Trolling Motors, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Electric Trolling Motors Market.
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Key Segments of Electric Trolling Motors Market
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
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Key Takeaways from Electric Trolling Motors Market Study
“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.
The electric trolling motors market is majorly dominated by Minn Kota and MotorGuide. However, there are a large number of local and regional players in the market space. Leading players are concentrating on product launches in order to broaden their market footprints. For instance, in 2019, MotorGuide introduced two new products – Tour and Tour Pro trolling motors.
Both products are built for tough conditions with a full 360-degree breakaway mount with an integrated bounce buster and a rugged two-piece shaft with a metal outer column and a composite inner shaft. In the same year, Lowrance Electronics Inc. introduced its Ghost freshwater trolling motor, which uses a brushless motor and helps in eliminating noisy operation. It is integrated with zero sonar interference in order to provide anglers the clearest sonar view possible.
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More Valuable Insights on Electric Trolling Motors Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Electric Trolling Motors, Sales and Demand of Electric Trolling Motors, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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