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 in 2032 from US$ 550 Million in 2020, due to an increase in recreational activity coupled with significant fishing activity around the world.
The Kayak Trolling Motor Market is experiencing significant growth driven by the increasing popularity of kayak fishing and recreational kayaking activities. Trolling motors are electric propulsion systems designed specifically for kayaks, providing users with added propulsion, control, and convenience while on the water.
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One of the primary drivers of this market is the growing interest in kayak fishing as a recreational activity. Trolling motors allow anglers to navigate more efficiently, maintain position in specific fishing spots, and cover larger areas of water without the need for paddling. This enhances the fishing experience by enabling anglers to focus more on fishing and less on navigating the kayak.
Moreover, advancements in trolling motor technology, such as brushless motors, lithium-ion batteries, and wireless control systems, have improved performance, efficiency, and user experience. These innovations have made trolling motors more accessible and user-friendly, attracting a wider range of kayak enthusiasts, including beginners and experienced paddlers alike.
Furthermore, the versatility of trolling motors makes them suitable for various types of kayaks, including sit-on-top kayaks, sit-inside kayaks, and fishing kayaks of different sizes and designs. This versatility allows kayak owners to customize their vessels according to their preferences and intended use, further driving demand for trolling motors in the kayak market.
As kayak fishing continues to grow in popularity and consumers seek enhanced performance and convenience on the water, the Kayak Trolling Motor Market is expected to witness continued growth, with opportunities for manufacturers to innovate and develop new products that meet the evolving needs of kayak enthusiasts.
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
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.
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