Global Automotive Snow Chain Market 2017-2021
About Automotive Snow Chain
Snow chains are mainly nets of chains designed to wrap around the tires to provide traction in times of adverse weather conditions such as freezing temperatures. One pair of snow chain is required for both front-wheel drive and rear-wheel drive. They are attached to the car’s drive wheels. Also, these chains are dedicated to only one particular wheel type, so one has to be sure about the tire diameter and tread-width measurements for selecting the chains. Snow chains are typically installed on one or more drive axles of the vehicle. However, requirements vary for dual-tire or multi-axle vehicles.
Technavio’s analysts forecast the global Automotive Snow Chain market to grow at a CAGR of 3.68 % during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive snow chain market for 2017-2021. To calculate the market size, the report considers a market segmentation by geography. .
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Snow Chain Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive snow chain market: Peerless Industrial Group, pewag, RUD Chain, and Thule Group (Thule Snow Chains).
Other Prominent Vendors in the market are: APV Safety Products, Autoliv, BABAC, Chainco, Hangzhou Felice chain Co. Ltd, Gowin, Laclede Chain Manufacturing Company, Lianyi Rubber Components Co., Maggi Group, MICHELIN, MOOSE UTILITY DIVISION, Ottinger, Spikes Spider, and Trygg.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rapid pace of innovation in the snow chain space. There is a rapid pace of innovation involved in the snow chain market and new products with advanced features are hitting the market every day. For instance, the patented snow chains provide immense traction and lateral control on snow-covered roads. These new generation snow chains have a speed of up to 25mph with the additional benefit of ease to use.”
According to the report, one of the major drivers for this market is inclement cold weather and the need for proper traction to drive the automotive snow chain market. As discussed previously in this report, much of Northern Canada, Russia, Scandinavia, and other Northern European countries experience snowfall in high volumes during winter. This results in roads being covered in snow, sometimes several feet deep. Driving in snow requires specific skills due to the loss of traction. Skilled snow drivers have perfected the art of controlled skidding. The advent of traction control and stability control in modern SUVs has also resulted in much safer snow rides.
Further, the report states that one of the major factors hindering the growth of this market is premature breakage of snow chains acts as a challenge vis-à-vis winter tires. Case-hardened low-carbon steel does not have the strength to withstand constant pressure and exposure to an adverse environment and may lead to the premature breakage of snow chain. If the vehicle is driven on a bare pavement without snow for an extended period, the chains break because of high friction.
Peerless Industrial Group, pewag, RUD Chain, Thule Group (Thule Snow Chains), APV Safety Products, Autoliv, BABAC, Chainco, Hangzhou Felice chain Co. Ltd, Gowin, Laclede Chain Manufacturing Company, Lianyi Rubber Components Co., Maggi Group, MICHELIN, MOOSE UTILITY DIVISION, Ottinger, Spikes Spider, and Trygg.