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 Million by 2032 from US$ 550 Million in 2020, due to an increase in recreational activity coupled with significant fishing activity around the world.
In the global kayak trolling motor market, leading players are striving to roll out high performance, low in energy consumption kayak trolling motor at an affordable price. Moreover, leading manufacturers are listing its product in online websites such as Amazon, Industry buying, among others, in a bid to foray in the competitive market.
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To operate kayak manually or with paddle has been termed as considerably tedious for which drivability of kayak in a more convenient manner as well as high degree of travel speed for kayaks has been desired by the end users. To address this criteria, installation of trolling motors has been sought by the kayak operators. A Kayak based Trolling motor is generally attached to the rear side of Kayak in order to ease in drive that features a motor, propeller, and controls.
Moreover, trolling motor does not create very large sound like large propeller engine, therefore these motors are consider as very economic for water aquaculture. The trolling motor attached kayak can easily operate through remote without any difficulties.
Kayak Trolling Motor Market: Dynamics
Increasing recreational activity coupled with significant fishing activity around the world has been instrumental in driving the global kayak trolling motor market over a considerable time since inception. Furthermore, technological advancement in boat drive technology is also expected to result in sales upsurge of kayak trolling motor market during the forecast period.
Kayak trolling motor manufacturer are providing innovative features such as LED light battery indicator which shows the percentage battery, in a bid to take a mark position in the competitive kayak trolling motor market. Moreover, this technology is opted by most of the manufacturer to withstand in the global competition. Most of the kayak trolling motor’s leading manufacturers are also providing adjustable shaft with kayak trolling motor, which provides easy driving and handling therefore increasing eclectic innovations in the trolling motors shaft is estimated to fillip the global sales of kayak trolling motor market in the coming decades.
Furthermore some vital properties of kayak trolling motor for instance high battery backup, lightweight, good built quality, among other are also enabling the growth of the kayak trolling motor in the respective business territories.
Instead of benefits of kayak trolling motor, after installation of trolling motor overall weight of the kayak will increase which in turn is expected to increase the overall efficiency of kayak as well as can also affect the speed of kayak owing to trolling motor are attached with battery, shaft, among other.
Kayak Trolling Motor Market: Key Participants
The global kayak trolling motor market is characterized as consolidated owing to presence of limited manufacturer. However, some of the participants are identified across the value chain:
- Ningbo Haibo Group Co., Ltd.
- MINN KOTA
- Torqeedo GmbH
- Jarvis Walker Pty Ltd.
- Newport Vessels
- Haswing USA
- Marine Tech Products
Kayak Trolling Motor Market: Segmentation
By Thrust capacity, Kayak Trolling Motor market can be segmented as:
- Less than 20 lbs
- 20-40 lbs
- 40-60 lbs
- 60-80 lbs
- More than 80 lbs
By Distribution Chanel, Kayak Trolling Motor market can be segmented as:
- Online
- Offline
By Sales Channel, Kayak Trolling Motor market can be segmented as:
- OEM (Original Equipment Manufacturer)
- Aftermarket
- Shaft
- Handle
- Motor
- Battery
- Controller
By Application, Kayak Trolling Motor market can be segmented as:
- Saltwater Use
- Freshwater Use
By End Use, Kayak Trolling Motor market can be segmented as:
- Fishing & Hunting
- Recreational & Touring
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the Kayak Trolling Motor Market
- In-depth Kayak Trolling Motor Market segmentation
- Historical, current, and projected Kayak Trolling Motor Market size in terms of volume and value
- Recent industry trends and developments in the global Kayak Trolling Motor Market
- Competitive landscape
- Strategies of key players and products offered in the global Kayak Trolling Motor Market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Kayak Trolling Motor Market performance
- Must-have information for market players in Kayak Trolling Motor Market to sustain and enhance their market footprint
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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