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 Global Snowmobile Market: Highlights
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.
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 BRP Inc., Artic Cat, Polaris Industries, and Yahama Motors. 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.
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 more than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in the all four regions and industry experts are executed to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The global snowmobile market is segmented into the following categories.
Global Snowmobile Market by Vehicle Type:
Global Snowmobile Market by Displacement Type:
Global Snowmobile Market by Cylinder Type:
Global Snowmobile Market by Region:
Report Customization Options
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