Market Overview:
The global snowmobile market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing tourism, rising demand for patrol and traffic applications, and growing popularity of snowmobiling in emerging economies. The global snowmobile market is segmented on the basis of type into below 500 CC, 500 CC–800 CC, 900 CC and above segments. The below 500 cc segment is expected to account for a major share of the global market due to its low cost and easy operability. However, the 900 cc and above segments are projected to grow at a higher CAGR during the forecast period owing to their high performance capabilities. On the basis of application, the global snowmobile market is divided into tourism, patrol, traffic and other applications segments.
Product Definition:
A snowmobile, also known as a sled or toboggan, is a vehicle used for transport on snow. It is propelled by either skis or a track.
Below 500 CC:
Below 500 CC is a category where scooters with engine capacity below 500 cc are considered. The growth factor in the market is increasing owing to factors such as fuel-efficient vehicles, low maintenance costs, and easy parking spaces. These scooters have better performance than conventional two-wheelers due to their higher torque output.
The demand for these scooters has increased over the last few years on account of growing awareness regarding environmental protection and rising health concerns among consumers across the world.
500 CC–800 CC:
500 CC to 800 CC is the range of engines in snowmobiles. It includes products such as 500 CCS, 600 CCS, 700 CCS and 800CCS. The engine capacity between these two ranges varies depending upon the vehicle type it serves like all-terrain vehicles (ATV) or off-road vehicles have higher power engines than passenger cars and personal use snowmobiles do.
Application Insights:
The tourism segment accounted for the largest revenue share in 2017 and is anticipated to maintain its dominance over the forecast period. The increasing number of snowmobiling tourists across North America and Europe has boosted demand in these regions. Furthermore, favorable government policies regarding recreational activities are expected to boost demand further.
Traffic application is estimated to be the fastest-growing segment from 2018 to 2030 owing to increased traffic on roads due largelyto population growth along with rising disposable income levels among certain groups of people including women & children which increases their participation rate in road transportation, thereby driving market growth over the forecast period.
Other applications include sportsman/recreation.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing demand for snowmobiles on account of rising tourism and recreational activities in countries such as Canada and U.S. Furthermore, presence of major players such as Arctic Cat Snowmobile, Inc.; Kawasaki Heavy Industries Ltd; Suzuki Motor Corporation; and Bombardier Recreational Products Inc.
Europe accounted for more than 25% share in 2017 owing to high product penetration rate coupled with growing popularity among tourists across countries including Norway, Sweden, Finland.
Growth Factors:
- Increasing demand for outdoor recreational activities
- Rising disposable income of consumers
- Proliferation of snowmobile clubs and associations
- Technological advancements in snowmobile manufacturing
- Growing popularity of winter sports
Scope Of The Report
Report Attributes
Report Details
Report Title
Snowmobile Market Research Report
By Type
Below 500 CC, 500 CC–800 CC, 900 CC and Above
By Application
Tourism, Patrol, Traffic, Other
By Companies
Arctic Cat, Polaris Industries, Yamaha Motor, Bombardier Recreational Products & Vehicles, Alpina Snowmobiles, Crazy Mountain, Moto MST, Arctic Cat
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Snowmobile Market Report Segments:
The global Snowmobile market is segmented on the basis of:
Types
Below 500 CC, 500 CC–800 CC, 900 CC and Above
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tourism, Patrol, Traffic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arctic Cat
- Polaris Industries
- Yamaha Motor
- Bombardier Recreational Products & Vehicles
- Alpina Snowmobiles
- Crazy Mountain
- Moto MST
- Arctic Cat
Highlights of The Snowmobile Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 500 CC
- 500 CC–800 CC
- 900 CC and Above
- By Application:
- Tourism
- Patrol
- Traffic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Snowmobile Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Snowmobile is a vehicle that is designed for use on snow and ice.
Some of the major companies in the snowmobile market are Arctic Cat, Polaris Industries, Yamaha Motor, Bombardier Recreational Products & Vehicles, Alpina Snowmobiles, Crazy Mountain, Moto MST, Arctic Cat.
The snowmobile market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Snowmobile Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Snowmobile Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Snowmobile Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Snowmobile Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Snowmobile Market Size & Forecast, 2020-2028
4.5.1 Snowmobile Market Size and Y-o-Y Growth
4.5.2 Snowmobile Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 500 CC
5.2.2 500 CC–800 CC
5.2.3 900 CC and Above
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Tourism
6.2.2 Patrol
6.2.3 Traffic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Snowmobile Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Snowmobile Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 500 CC
9.6.2 500 CC–800 CC
9.6.3 900 CC and Above
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Tourism
9.10.2 Patrol
9.10.3 Traffic
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 500 CC
10.6.2 500 CC–800 CC
10.6.3 900 CC and Above
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Tourism
10.10.2 Patrol
10.10.3 Traffic
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 500 CC
11.6.2 500 CC–800 CC
11.6.3 900 CC and Above
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Tourism
11.10.2 Patrol
11.10.3 Traffic
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 500 CC
12.6.2 500 CC–800 CC
12.6.3 900 CC and Above
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Tourism
12.10.2 Patrol
12.10.3 Traffic
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 500 CC
13.6.2 500 CC–800 CC
13.6.3 900 CC and Above
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Tourism
13.10.2 Patrol
13.10.3 Traffic
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Snowmobile Market: Competitive Dashboard
14.2 Global Snowmobile Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arctic Cat
14.3.2 Polaris Industries
14.3.3 Yamaha Motor
14.3.4 Bombardier Recreational Products & Vehicles
14.3.5 Alpina Snowmobiles
14.3.6 Crazy Mountain
14.3.7 Moto MST
14.3.8 Arctic Cat
