Snowmobile Market 2022
•Snowmobiles are recreational winter vehicles that don’t require roads or rails and can smoothly run over snow and ice.
• Snowmobiles are commonly categorized under recreational because they’re relatively high cost and use is limited to when there’s sufficient snow.
• Snowmobiles are generally available in single-seater variants, which is the most common, and can be powered by a two stroke or a four stroke engine.
• The market for snowmobile is highly consolidated with few manufacturers holding major share of the market.
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Key Companies-
Examples of some of the market participants identified in the global Snowmobile market are;
- Arctic Cat Inc.
- Polaris Industries, Inc.
- Yamaha Motor Corporation, U.S.A.
- Bombardier Recreational Products & Vehicles (BRP)
- Alpina Snowmobiles S.r.l.
- Crazy Mountain
- Moto MST
Key Points-
•The snowmobile market is driven by the increasing inclination of young population towards recreational sports, supplemented by the increasing disposable incomes in key target markets.
• Snowmobilers in the U.S. take snowmobiling as a family activity, which creates demand for snowmobiles.
• From a macro-economic point of view, robust growth of economy is a major market force responsible for accelerating or decelerating market growth.
• One of the major factors that is hampering the adoption of snowmobile among various is the higher cost of the snowmobiles, which limits its customer base to people with relatively high incomes. Furthermore, high cost replacement parts and their maintenance are among other factors that restraints customers from buying new Snowmobiles and rent or buy old ones.
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Global Snowmobile Market: Market Segmentation
On the basis of Product type
- Entry level Snowmobile
- Performance Snowmobile
- Touring Snowmobile
- Mountain Snowmobile
- Utility Snowmobile
- Crossover Snowmobile
On the basis of Engine type
- Two stroke engine
- Four stroke engine
On the basis of Engine Size
- <500 CC
- 500 CC – 800 CC
- 900 CC and Above
- On the basis of Seating capacity
- 1 rider
- 2 rider
- 3 rider
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Major Highlights of Snowmobile Market Report:
- Snowmobile Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes Snowmobile Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
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