The global electric trolling motors market is 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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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.
- Bow Mounts
- Transom Mounts
- Engine Mounts
- Salt Water
- Fresh Water
- Bass Boats
- Jon Boats
- Deep-V Boats
- Flat Boats
- Deck Boats
- Fish and Skis
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
The latest industry analysis and survey on Electric Trolling Motors provides sales outlook in 20+ countries, across key categories. Insights and outlook on Electric Trolling Motors market drivers, trends, and influencing factors are also included in the study.
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This report gives you access to decisive data such as:
- Demand of Electric Trolling Motors Market & Growth drivers
- Factors limiting Electric Trolling Motors market growth
- Current key trends of Electric Trolling Motors Market
- Market Size of Electric Trolling Motors and Electric Trolling Motors Sales projections for the coming years
The report also offers key trends of Electric Trolling Motors market and an in-depth analysis of how the projected growth factors will shape the Electric Trolling Motors market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Electric Trolling Motors Market that are developing the current market scenario and which will be lucrative for the future demand of Electric Trolling Motors Market.
Crucial insights in Electric Trolling Motors market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Electric Trolling Motors market.
- Basic overview of the Electric Trolling Motors, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Electric Trolling Motors across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
The Demand of Electric Trolling Motors Market study includes the current market scenario on the global platform and also Sales of Electric Trolling Motors Market development during the forecast period.
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List of the Leading Companies Profiled in the Electric Trolling Motors Market are:
To provide decision-makers with credible insights on their competitive landscape, the Electric Trolling Motors Market industry research report includes detailed competitive landscape analysis.
The competitive landscape analysis for Electric Trolling Motors Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Electric Trolling Motors manufacturers is provided so business leaders can understand the market scenario.
An assessment on the winning strategies of key Electric Trolling Motors Market manufacturers is provided, with recommendation on what works well in Electric Trolling Motors Market landscape.
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