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Snowmobile Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 150 Pages
SKU # FOB19260722

Description

Snowmobile Market



Growth Factors of Snowmobile Market

The snowmobile market size was valued at USD 1.80 billion in 2023, and the market is now projected to grow from USD1.92 billion in 2024 to USD 3.35 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period of 2024-2032.

COVID- 19 pandemic has enormously affected the whole world. It affected many unforeseen interruption and affected the industry. The pandemic caused in decayed demand due to a disturbed supply chain, drop in sales of products, delivery lists. Travel bans enforced affected business relationship and partnership.

The rising popularity of outside recreational and winter athletic doings surges the demand for snowmobiles. Rising spending on outside recreational happenings, ease, and increasing sports competitions during winter rushes the demand for these automobiles. There is mounting custom of this automobile by hunt & rescue teams as their primary vehicle in high elevations during winters. This automobile can also be used as an ambulance sled and puller in snow belts.

Electric snowmobile technology can be a game changer in the market in the upcoming years. OEMs in this market are presenting electric snow machines with boosted presentation, maneuverability, and dependability. Electric snowmobiles deal smooth and quiet process, augmenting the complete riding experience for supporters. There has been strong progression in the electric flexibility market. Developments in battery technology have enhanced the performance and collection of electric snowmobiles. Modern lithium-ion batteries deal extended run intervals and quicker charging capabilities, making electric snowmobiles more practical and pleasing to customers which surges the snowmobile market growth.

Comprehensive Analysis of Snowmobile Market

The market can be segmented in various ways, depending on the focus of analysis such as by product type, by engine type, seating capacity and by seating. Based on product type, the market is classified into touring, trail, mountain, crossover, performance, and utility. Based on engine type market is categorized into two stroke engine and four stroke engine. Based on seating capacity market is categorized into less than 400CC, 400-600CC, 600-800CC, and more than 800CC. Based on seating market is categorized into single seater, two seater, three seater, and others.

North America region is dominating the snowmobile market share due to amplified expenditure on recreational events and tourism-related businesses.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Artic Cat Inc. (U.S.), Bombardier Recreational Products (Canada), Polaris Inc. (U.S.), Yamaha Motor Corporation (Japan), Alpina Snowmobiles S.r.l., TAIGA (Canada), Aurora Powertrains (Finland), AD Boivin Inc. (Canada) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In January 2024, X Games, the primary universal event for action sports, and Taiga Motors Corporation, a prominent Canadian brand specializing in electric power sports, disclosed an unprecedented partnership. This landmark agreement defines Taiga as the exclusive provider of Electric Snowmobiles for X Games Aspen 2024, marking a major milestone in electrified winter sports.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.9% from 2024 to 2032

Unit Value (USD Billion)

Volume (Units)

Segmentation By Product Type

Touring

Trail

Mountain

Crossover

Performance

Utility

By Engine Type

Two Stroke Engine

Four Stroke Engine

By Seating Capacity

Less than 400CC

400-600CC

600-800CC

More than 800CC

By Seating

Single Seater

Two Seater

Three Seater

Others

By Region

North America (By Product Type, By Engine Type, By Capacity, By Seating Capacity)
  • U.S. (By Engine)
  • Canada (By Engine)
Europe (By Product Type, By Engine Type, By Capacity, By Seating Capacity)
  • Finland (By Engine)
  • Sweden (By Engine)
  • Russia (By Engine)
  • Norway (By Engine)
  • Rest of Europe (By Engine)
Rest of the World (By Product Type, By Engine Type, By Capacity, By Seating Capacity)


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Table of Contents

150 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Key Industry Developments – Mergers, Partnerships, and Collaborations
4.2. Latest Technological Developments
4.3. Porters Five Forces Analysis
4.4. Impact of COVID-19 on Snowmobile
5. Global Snowmobile Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Definitions
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Touring
5.2.2. Trail
5.2.3. Mountain
5.2.4. Crossover
5.2.5. Performance
5.2.6. Utility Snowmobile
5.3. Market Analysis, Insights and Forecast – By Engine Type
5.3.1. 2 Stroke
5.3.2. 4 Stroke
5.4. Market Analysis, Insights and Forecast – By Capacity
5.4.1. Less than 400CC
5.4.2. 400-600CC
5.4.3. 600-800CC
5.4.4. More than 800CC
5.5. Market Analysis, Insights and Forecast – By Seating Capacity
5.5.1. Single Seater
5.5.2. Two Seater
5.5.3. Three Seater
5.5.4. Others
5.6. Market Analysis, Insights and Forecast – By Region
5.6.1. North America
5.6.2. Europe
5.6.3. Rest of the world
6. North America Snowmobile Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Product Type
6.1.1. Touring
6.1.2. Trail
6.1.3. Mountain
6.1.4. Crossover
6.1.5. Performance Snowmobile
6.1.6. Utility Snowmobile
6.2. Market Analysis, Insights and Forecast – By Engine Type
6.2.1. 2 Stroke
6.2.2. 4 Stroke
6.3. Market Analysis, Insights and Forecast – By Capacity
6.3.1. Less than 400CC
6.3.2. 400-600CC
6.3.3. 600-800CC
6.3.4. More than 800CC
6.4. Market Analysis, Insights and Forecast – By Seating Capacity
6.4.1. Single Seater
6.4.2. Two Seater
6.4.3. Three Seater
6.4.4. Others
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.1.1. Market Analysis, Insights and Forecast – By Engine Type
6.5.2. Canada
6.5.2.1. Market Analysis, Insights and Forecast – By Engine Type
7. Europe Snowmobile Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Product Type
7.1.1. Touring
7.1.2. Trail
7.1.3. Mountain
7.1.4. Crossover
7.1.5. Performance Snowmobile
7.1.6. Utility Snowmobile
7.2. Market Analysis, Insights and Forecast – By Engine Type
7.2.1. 2 Stroke
7.2.2. 4 Stroke
7.3. Market Analysis, Insights and Forecast – By Capacity
7.3.1. Less than 400CC
7.3.2. 400-600CC
7.3.3. 600-800CC
7.3.4. More than 800CC
7.4. Market Analysis, Insights and Forecast – By Seating Capacity
7.4.1. Single Seater
7.4.2. Two Seater
7.4.3. Three Seater
7.4.4. Others
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. Finland
7.5.1.1. Market Analysis, Insights and Forecast – By Engine Type
7.5.2. Sweden
7.5.2.1. Market Analysis, Insights and Forecast – By Engine Type
7.5.3. Russia
7.5.3.1. Market Analysis, Insights and Forecast – By Engine Type
7.5.4. Norway
7.5.4.1. Market Analysis, Insights and Forecast – By Engine Type
7.5.5. Rest of Europe
7.5.5.1. Market Analysis, Insights and Forecast – By Engine Type
8. Rest of The World Snowmobile Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Product Type
8.1.1. Touring
8.1.2. Trail
8.1.3. Mountain
8.1.4. Crossover
8.1.5. Performance Snowmobile
8.1.6. Utility Snowmobile
8.2. Market Analysis, Insights and Forecast – By Engine Type
8.2.1. 2 Stroke
8.2.2. 4 Stroke
8.3. Market Analysis, Insights and Forecast – By Capacity
8.3.1. Less than 400CC
8.3.2. 400-600CC
8.3.3. 600-800CC
8.3.4. More than 800CC
8.4. Market Analysis, Insights and Forecast – By Seating Capacity
8.4.1. Single Seater
8.4.2. Two Seater
8.4.3. Three Seater
8.4.4. Others
9. Competitive Analysis
9.1. Key Industry Developments
9.2. Global Market Ranking Analysis (2023)
9.3. Competition Dashboard
9.4. Comparative Analysis – Major Players
10. Company Profiles
10.1. Artic Cat Inc. (U.S.)
10.1.1. Overview
10.1.2. Product Types & Services
10.1.3. SWOT analysis
10.1.4. Recent Developments
10.1.5. Strategies
10.1.6. Financials (based on availability)
10.2. Bombardier Recreational Product Types (Canada)
10.2.1. Overview
10.2.2. Product Types & Services
10.2.3. SWOT analysis
10.2.4. Recent Developments
10.2.5. Strategies
10.2.6. Financials (based on availability)
10.3. Polaris Inc. (U.S.)
10.3.1. Overview
10.3.2. Product Types & Services
10.3.3. SWOT analysis
10.3.4. Recent Developments
10.3.5. Strategies
10.3.6. Financials (based on availability)
10.4. Yamaha Motor Corporation (Japan)
10.4.1. Overview
10.4.2. Product Types & Services
10.4.3. SWOT analysis
10.4.4. Recent Developments
10.4.5. Strategies
10.4.6. Financials (based on availability)
10.5. Alpina Snowmobile S.r.l. (Italy)
10.5.1. Overview
10.5.2. Product Types & Services
10.5.3. SWOT analysis
10.5.4. Recent Developments
10.5.5. Strategies
10.5.6. Financials (based on availability)
10.6. TAIGA (Canada)
10.6.1. Overview
10.6.2. Product Types & Services
10.6.3. SWOT analysis
10.6.4. Recent Developments
10.6.5. Strategies
10.6.6. Financials (based on availability)
10.7. Aurora Powertrains (Finland)
10.7.1. Overview
10.7.2. Product Types & Services
10.7.3. SWOT analysis
10.7.4. Recent Developments
10.7.5. Strategies
10.7.6. Financials (based on availability)
10.8. AD Boivin Inc. (Canada)
10.8.1. Overview
10.8.2. Product Types & Services
10.8.3. SWOT analysis
10.8.4. Recent Developments
10.8.5. Strategies
10.8.6. Financials (based on availability)
10.9. Crazy Mountain Xtreme (Canada)
10.9.1. Overview
10.9.2. Product Types & Services
10.9.3. SWOT analysis
10.9.4. Recent Developments
10.9.5. Strategies
10.9.6. Financials (based on availability)

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