• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Snowmobile Market Size, Share & Forecast (2016-2021)

    Snowmobile Market Size, Share & Forecast (2016-2021)

    Snowmobile Market Size, Share & Forecast (2016-2021)
    Report code - SRCG103 Delivery - 2 Weeks
    Snowmobile Market Size, Share, Trend, Forecast, & Competitive Analysis: 2016-2021
    See more...
    Purchase Report
    notch

    Snowmobile Market Insights

    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.

    Snowmobile Market Forecast

    Wish to get a free sample? Click Here

    Snowmobile Market Share Analysis

    Regional Insights

    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.

    Key Players

    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.

    Research Methodology

    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.

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2010-2021

    Forecast

    3.5% CAGR during 2016-2021

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

    The market is segmented in the following ways:

    Snowmobile Market Size, Share & Forecast by Vehicle Type:

    • Mountain
    • Crossover
    • Cross Country
    • Utility
    • Touring
    • Others

     Snowmobile Market Size, Share & Forecast by Displacement Type:

    • <400 CC
    • 400-600CC
    • 600-800CC
    • >800CC

     Snowmobile Market Size, Share & Forecast by Cylinder Type:

    • One Cylinder
    • Two Cylinders
    • Three Cylinders

     Snowmobile Market Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What will be the growth of the Snowmobile Market in the foreseeable years?

    Snowmobile Market is expected to grow at a CAGR of 3.5% during the forecast period of 2016-2021.

    Which country/region is expected to be the largest Snowmobile Market?

    North America is expected to be the largest market for snowmobiles during the forecast period of 2016-2021.

    Who are the key players in the Snowmobile Market?

    BRP Inc., Artic Cat, Polaris Industries, and Yahama Motors are among the key players in the Snowmobile Market.

    •