Electric Trolling Motor Market 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 Geography, Segment revenue estimation, Forecast, 2024-2032.

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

 

Electric Trolling Motor Market Report Coverage

Report Attribute	Details
Forecast Period	2024 – 2032
Market Size Value in 2023	USD 2.34 billion
Revenue Forecast in 2030	USD 3.87 billion
Overall Growth Rate	CAGR of 6.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2024 - 2032)
Segmentation	By Motor Type, By Power Source, By Application, By Control Type, By Region
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, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.