Global Snow Blower Market 2016-2020
About Snow Blower
Snow blowers are used to drive out the excess snow accumulated in a particular area. An increase in snowfall and snowstorms over the last decade has created more demand for snow blowers in the market. Northern Hemisphere saw the heaviest snow cover during 2001-2010 (17.61 sq. miles) compared to 1991-2000 (17.22 sq. miles). Snowfall in the Northern Hemisphere affects countries such as the US, Nordic countries, and Northern Japan.
Technavio’s analysts forecast the global snow blower market to grow at a CAGR of 4.86% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global snow blower market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of snow blowers worldwide.
The market is divided into the following segments based on categories:
Technavio Announces the Publication of its Research Report – Global Snow Blower Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Snow Blower Market: American Honda Motors, Husqvarna, Sears Brands, Snow Joe and The Toro Company.
Other Prominent Vendors in the market are: Ariens, Cub Cadet, Greenworks Tools, Deere and Company, MTD, and Ryobi.
Commenting on the report, an analyst from Technavio’s team said: “The release of battery-powered snow blowers has significantly contributed to the improvement in the global snow blower market. Most electric snow blowers are less powerful and, therefore, less useful than gas snow blowers.”
According to the report, the increased consumer confidence and purchasing power is the primary growth driver for this market. Since the start of 2015, the consumer confidence in the European region has been growing steadily. Subsequently, there has been a surge in construction activities and growth in the housing market, which is positively impacting the global market for snow blowers during the forecast period.
Further, the report states that the sale, demand, and field inventory level of outdoor equipment are dependent on weather conditions, which heavily affect the profitability of the vendors.
American Honda Motors, Husqvarna, Sears Brands, Snow Joe, The Toro Company, Ariens, Cub Cadet, Greenworks Tools, Deere , Company, MTD, and Ryobi.