Electric Outboard Trolling Motors Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.50 Billion by 2030, growing at a CAGR of 9.25% from 2024 to 2030.
The global electric outboard trolling motors market was valued at approximately USD 1.2 billion in 2022, with a compound annual growth rate (CAGR) of around 8.5% projected from 2023 to 2030. The growing popularity of electric outboard motors can be attributed to increasing consumer awareness of eco-friendly boating solutions and the advancements in battery technology that extend the operational range and efficiency of these motors. The market is anticipated to expand significantly due to the rising adoption of electric outboards among recreational boat
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Torqeedo
Minn Kota
MotorGuide
CSM Tech
Haibo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Outboard Trolling Motors Market
Civil Entertainment
Municipal Application
Commercial Application
Others
Based on Types the Market is categorized into Below types that held the largest Electric Outboard Trolling Motors market share In 2023.
Less than 1HP
1-4HP
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Outboard Trolling Motors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Outboard Trolling Motors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Outboard Trolling Motors Market, By Type
6. Global Electric Outboard Trolling Motors Market, By Application
7. Global Electric Outboard Trolling Motors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Outboard Trolling Motors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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