Kayak Trolling Motor Market size is predicted to witness USD 9 billion by the end of 2036, expanding around 4% CAGR during the forecast period i.e., 2024 – 2036. In the year 2023, the industry size of kayak trolling motor was USD 672 million. The growth of this market can be attributed to the back of increasing consumer preference for water sports. In the year 2022, it was found that almost 15% of population in the United States participated in water sports activities.
In addition to this, growing technological advancement is giving rise to the sale of kayak trolling motors. Manufacturers in the kayak trolling motor industry are providing some unique features, such as battery showing battery Life, which displays the battery charge level as a percentage. These characteristics are accelerating the market share growth of kayak trolling motors as a whole. The Kayak trolling motor industry also has some other characteristics, such as an adjustable shaft that makes handling and operation simple. A better trolling shaft for the motor is therefore anticipated to increase demand for and sales of kayak trolling motors during the projection period. Traditional attributes including long battery life, lightweight, and superb build quality, among others, are also boosting market expansion.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~4% |
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Base Year Market Size |
~USD 672 million |
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Forecast Year Market Size |
~USD 9 billion |
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Regional Scope |
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Product Type (Bow Mount, Transom Mount, Engine Mount)
Based on product type, the bow mount segment in the kayak trolling motor market is estimated to hold a revenue share of 40% by the end of 2036. Due to the Bow Mount's superior control over a transom mount motor, it has the largest market share in the kayak trolling motor industry. This is due to the fact that a bow position motor allows for considerably more precise steering because it pulls the boat over the water rather than pushing it from behind. The bow mount therefore commands the largest market share in the kayak trolling motor industry.
Application (Saltwater, Freshwater)
The saltwater segment is anticipated to hold a significant revenue share during the projected period. This is owing to the fact almost 70% of the world’s water is saltwater and many people are there who prefer to kayaking on saltwater. Therefore, increasing demand for kayaking in saltwater is anticipated to drive the segment growth in the projected period.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Thrust of Motors |
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Application |
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Europe Market Forecasts
The market in Europe region is predicted to hold the largest market share of 33% during the time period between 2024-2036. Europe region has numerous scenic beauties such as lakes, rivers and coastal areas that attract kayak enthusiast and tourists. Kayak rental services and guided kayak tours often use trolling motors to enhance the experience as a result contributing to industry growth in the region during the projected period. There are all total 99 kayak and canoeing agencies offering best experience for kayaking in Europe.
North America Market Statistics
The North America kayak trolling motor market is set to hold a notable revenue share in the estimated timeframe. Increasing investment done in this region in order to support and encourage recreational activities along with fishing activities. These are significant factors driving the industry growth in the forecast period in the North American region.
Author Credits: Harshita Srivastava, Saima Khursheed
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