Over the five years to 2017, the Snowplow Manufacturing industry's revenue is expected to grow. Despite producing equipment that is mainly seasonal, the industry has been helped by steady weather patterns in cold climate areas. High precipitation levels led to high amounts of snowfall throughout the Northeast, East, Midwest and Western United States, increasing the need for snowplows and other snow control products. Weary consumers and businesses held off on replacing snowplows and other snow control products during the recession, which led to pent-up demand. Over the five years to 2022, the industry will likely continue to grow, albeit at a slower pace. Global growth concerns are anticipated to linger in the short term while the US dollar continues to rally against other currencies, subduing further export growth.
This industry manufactures snowplows and spreaders, which are devices mounted on vehicles to remove snow and ice from outdoor surfaces. Products vary based on intended purpose and vehicle size. Most companies offer light-duty, heavy-duty and utility vehicle plows. The industry does not include lawn- and garden-type snow-moving equipment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.