The automotive snow chain market is anticipated to increase at a compound annual growth rate (CAGR) of 5.48% during the review period. By the conclusion of the projection period (2025–2035), the market is anticipated to have grown from its 2024 valuation of USD 1,680.0 million to USD 3,020.0 million.
The expanding use of winter tires, growing worries about safety in bad weather, and greater understanding of the need of vehicle traction are the main factors propelling the automotive snow chain market. Demand in the market is also being fueled by the growth of the automobile sector in colder regions like North America, Europe, and some parts of Asia.
The creation of cutting-edge snow chain technologies, like self-tensioning systems and novel materials to improve performance and ease, presents opportunities for investigation and capture. To streamline and enhance the user experience, automatic snow chain installation technologies are becoming more popular, while lightweight and compact snow chains are becoming more popular.
Perspectives on Market Segments
Studded, non-studded, cable, and ladder snow chains are the several types of chains that make up the vehicle snow chain market.
Passenger cars, commercial vehicles, light commercial vehicles, heavy commercial vehicles, and motorcycles are the different vehicle types that make up the global market.
Small (less than 15 inches), medium (15–18 inches), big (more than 18 inches), and custom are the size divisions of the car snow chain market. With 600 million USD in revenue, the medium segment is anticipated to have the biggest market share in 2023.
The global automotive snow chain market has been divided into three segments based on material: steel, alloy steel, and polymer.
Regional Perspectives
The severe winters and strict safety laws that are implemented in many areas of the region are the main factors driving the North American vehicle snow chain industry. The majority of Canada and the northern states of the United States endure long, harsh winters marked by slippery roads and a lot of snowfall. Automotive snow chains are necessary in certain regions to preserve vehicle traction and guarantee traffic safety.
The market for car snow chains is quite large in Europe because of the region's varied climate and strict wintertime traffic laws. Snow chains are necessary for safe driving in northern and hilly areas, including the Alps and Scandinavia, where winters are severe due to heavy snowfall and slippery conditions.
Due to the growing number of automobiles and increased awareness of road safety during the winter, the Asia-Pacific area is becoming a very profitable market for automotive snow chains.
Important Players
Thule Group, Peerless Chain, UltraGrip, SP, Peerless Industrial Group, Snow Chains Inc., Pewag, RUD, J C Whitney, Security Chain, Grip, MAG Chain, Traction Safety Products, and TCI Tire Wheel are the leading companies in the global automotive snow chain market.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook