Kayak Trolling Motor Market Trends

Growth Drivers

• Growing Popularity of Fishing – Fishing is a popular activity that is a significant reason behind the growth of the kayak trolling motor market in the estimated period. Kayaks are a great way to fish in shallow waters or in areas that are difficult to access by boat. Trolling motors make it easy to navigate a kayak and quietly approach fish. Global fish production in 2022 reached 185 million metric tons.
• Market Players are Focusing on the Development of Product – Market players in the market are focusing on innovation and bringing new advancements in products that world enhance their item portfolio and the launch of new products will further cater to the fluctuating needs of the consumers in this market.
• Increased Disposable Income – The escalating disposable income of people is widely contributing to the industry expansion. People are now willing to spend more money on recreational activities such as boating and kayaking.

Challenges

• High Cost of Kayak Trolling Motor – The kayak trolling is generally high in cost especially the ones with high-power models. This can restrict a few consumers, especially in emerging countries from investing money in this owing to its high cost. Therefore, this major factor poses a limitation on the market expansion in the upcoming time period.
• The Kayak Trolling Motor has Limited Battery Life which Estimated to Restrict Market Growth
• Regulatory Problems Associated with it is Set to Hamper Market Growth.