Global Trolling Motor Market Size Was $338 Million in 2023

A trolling motor, also known as a fishing boat motor, is an auxiliary driving device used for ships. A trolling motor is usually installed at the bow or stern of the ship for slow or precise maneuvering on the water surface. The trolling motor consists of a propulsion system, which typically includes an electric motor, propeller, and controller.

Overview of Market Development and Analysis of Segmented Markets

Due to the significant role of ship transportation in global cargo transportation, the market demand for trolling motors has been steadily increasing. According to our research data, the global market size of trolling motors was $338 million in 2023. In the coming years, with the continuous upgrading of shipbuilding technology and the intensification of the trend towards large-scale ships, the demand for high-performance and high-power trolling motors will also continue to increase, which will promote the continued expansion of the market. It is expected that by 2025, the global trolling motor market size will increase to $348 million.

Trolling motors are generally powered by diesel and gasoline. With the continuous development of technology, electric trolling motors and self-ignition gas trolling motors have also emerged. Nowadays, according to changes in the environment, trolling motors can be divided into freshwater trolling motors and saltwater trolling motors. Among them, freshwater trolling motors occupy a dominant market position.

Global Trolling Motor Market Size Forecast and Market Segment Analysis

Source: www.globalmarketmonitor.com

Analysis of Market Development in Major Regions

From the perspective of regional development, North America and Europe are the main markets for global trolling motors. According to our data, the market size of North American and European trolling motors in 2023 was $133 million and $118 million respectively, with the two markets accounting for a total share of 74.14%. In addition, the Asia Pacific region is also an important development market for marine towing motors, with a global market share of 18.55%.

Global Trolling Motor Market Size and Share by Region in 2023

Regions	Market Size (Million USD)	Share
North America	133	39.33%
Europe	118	34.81%
Asia Pacific	63	18.55%
South America	7	2.20%
Middle East & Africa	17	5.11%

Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "2023 Global Trolling Motors Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".