Report Description Table of Contents The electric trolling motor market in 2023 was worth USD 2.34 billion and is expected to be worth USD 3.87 billion by 2030, expanding at a CAGR of 6.5% during the forecast period. The growth in the electric trolling motor market can be attributed to the rising urge for more sustainable and less noisy products in boating, mainly for fishing use. With a growing global emphasis on reducing carbon emissions, electric trolling motors provide a sustainable alternative to traditional fuel-based outboard motors, which helps reduce pollution in sensitive ecosystems. For instance, more than 12,000,000 registered recreational vessels were documented in the United States Coast Guard alone in 2021, underscoring the large target market with motivations to embrace green boating innovations. A recent development includes the release of advanced lithium-ion battery-powered trolling motors, offering longer battery life and greater energy efficiency. Currently, players such as Minn Kota and Torqeedo are launching high-performance GPS trolling motors for angle positioning that offer accurate control to recreational fishers and reduce the environmental impact. Market drivers include this growing preference for noise-lowering, energy-saving, and environmentally friendly boating technologies. The global demand for eco-friendly boating and the growing interest in recreational fishing create attractive market opportunities for electric trolling motors. In the global industry, the recreational boating market is expected to have steady growth, and the United States has over 12 million registered boats, indicating a large market for electric trolling motors. Since more countries are enforcing environmental laws regarding using gas-powered motors on lakes and rivers in some areas, the demand for electric motors is also rising. A relatively innovation involves incorporating GPS features in Minn Kota trolling motors, whereby the motors are more efficient in power consumption and control. These innovations are not just aligned with the recreational fishing market, but they can also look into the opportunity of moving into new applications like personal watercraft and light marine transportation as consumer preference moves towards more environmentally friendly and less noise-polluting boats. The prospect of electric trolling motors is enabled by technological advancement, environmental conservation, and the increasing popularity of recreational boating. Market Segmentation By Motor Type: Bow Mount Transom Mount Engine Mount By Power Source: 12V 24V 36V By Application: Freshwater Fishing Saltwater Fishing By Control Type: Hand-Controlled Foot-Controlled Remote-Controlled (GPS, Bluetooth) By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America has the largest market share for electric trolling motors mainly because of the region’s high demand for products related to fishing and boating. For instance, the U. S. has over 12 million registered recreational boats, which are used in fishing, one of the key uses of electric trolling motors. Moreover, North America has noticed growing limitations in applying gas motors on freshwater lakes and rivers and transitioning to electric motors. One of the recent advancements is the GPS electric trolling motors developed by Minn Kota and MotorGuide, both from the U. S. that have made the precision more accurate and energy consumption more efficient. Such new technologies, coupled with the direction of recreational boating motors towards becoming environmentally silent, make North America the world’s biggest market. Key Players Minn Kota MotorGuide Torqeedo Newport Vessels Haswing Rhino Motors Watersnake Garmin AQUOS Motorguide X5 Frequently Asked Question About This Report . Table of Contents 1. ELECTRIC TROLLING MOTOR MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. ELECTRIC TROLLING MOTOR MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – ELECTRIC TROLLING MOTOR MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN ELECTRIC TROLLING MOTOR MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA ELECTRIC TROLLING MOTOR MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Electric Trolling Motor Historical Market ($MILLION), (2017 – 2023) 6.2. North America Electric Trolling Motor Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Motor Type 6.3.1. Bow Mount 6.3.2. Transom Mount 6.3.3. Engine Mount 6.4. North America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Power Source 6.4.1. 12V 6.4.2. 24V 6.4.3. 36V 6.5. North America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Freshwater Fishing 6.5.2. Saltwater Fishing 6.6. North America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Control Type 6.6.1. Hand-Controlled 6.6.2. Foot-Controlled 6.6.3. Remote-Controlled (GPS, Bluetooth) 6.7. North America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA ELECTRIC TROLLING MOTOR MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE ELECTRIC TROLLING MOTOR MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Electric Trolling Motor Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Electric Trolling Motor Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), by Motor Type 8.4. Europe Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Power Source 8.5. Europe Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Control Type 8.7. Europe Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC ELECTRIC TROLLING MOTOR MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Electric Trolling Motor Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Electric Trolling Motor Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Motor Type 9.4. APAC Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Power Source 9.5. APAC Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Control Type 9.7. APAC Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA ELECTRIC TROLLING MOTOR MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Electric Trolling Motor Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Electric Trolling Motor Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Motor Type 10.4. Latin America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Power Source 10.5. Latin America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Control Type 10.7. Latin America Electric Trolling Motor Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Minn Kota 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. MotorGuide 11.3. Newport Vessels 11.4. RHINO MOTORS 11.5. Garmin 11.6. Motorguide X5 11.7. OTHER MARKET PLAYERS