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Snowmobile Market Report
Snowmobile Market is Segmented by Vehicle Type (Mountain, Crossover, Cross Country, Utility, Touring, and Others), by Displacement (<400CC, 400-600CC, 600-800CC, and >800CC), by Cylinder Type (One Cylinder, Two Cylinders, and Three Cylinders), and by Region...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The global snowmobile market has an impressive history of more than six decades. During 1960’s, the snowmobile market gained popularity as a recreational vehicle in North America which led to the entry of more than hundred players in the market. They started competing with each other to gain the market share. Over a period of time, only four major players survived the competition and today, they remain as the key players, serving the global market. All the players have an excellent geographical presence serving North American as well as international market.
The snowmobile market offers a moderate growth opportunity and is likely to witness 3.5% CAGR during the forecast period of 2016 to 2021. Mountain and cross over are the most dominant snowmobile types and together, they accounted for more than 50% of the global snowmobiles market in 2015. Both the snowmobile types are likely to remain the largest types during the forecast period. Utility snowmobile is likely to witness the fastest growth in the next five years.
North America is expected to remain the largest market for snowmobiles during the forecast period. Among the countries, the US, Canada, and Russia are the largest markets, and together they occupied more than 85% of the global snowmobile market in 2015. Canada and Russia are expected to experience a faster growth than the other countries in the next five years.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2010-2021 |
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Forecast |
3.5% CAGR during 2016-2021 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
The supply chain of this market comprises raw material suppliers, component manufacturers, snowmobile manufacturers, and distributors. The global snowmobiles market is consolidated with presence of global as well as regional players.
The key snowmobile manufacturers are-
Development of high displacement engine in the range of 1,000CC to 1,200 CC, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
This report, from Stratview Research, studies the global snowmobile market over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com
Snowmobile Market is expected to grow at a CAGR of 3.5% during the forecast period of 2016-2021.
North America is expected to be the largest market for snowmobiles during the forecast period of 2016-2021.
BRP Inc., Artic Cat, Polaris Industries, and Yahama Motors are among the key players in the Snowmobile Market.
The supply chain of snowmobile market comprises raw material suppliers, component manufacturers, snowmobile manufacturers, and distributors.
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