Global Snowmobile Market is on track to Grow to More than US$ 1.6 billion by the end of 2022- Fact.MR Report

Posted on 2018-04-06 by Mark Hub in Sports // 0 Comments

Fact.MR

Rockville, US, 2018-Apr-06 — /EPR Network/ — The global market discussion on snowmobile industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Snowmobiles Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on snowmobile market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments has also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining the competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to Fact.MR, the global snowmobiles market is on track to grow to more than US$ 1.6 billion by the end of the forecast period but will witness a sluggish CAGR from 2017 to 2022.

1- Specialty stores account for more than a third of the revenue share in the global snowmobile market by sales channel and are poised to grow during the forecast period. The specialty store segment is anticipated to be worth just under US$ 580 million by end 2022. These stores are followed by the online segment with a revenue share approaching a quarter of the global snowmobile market in 2017. Companies actively involved in the global snowmobile market could seek to target North America as the online channel is predicted to be particularly popular on this continent

2- The 800 CC and above segment represents the most powerful snowmobiles currently available in the global snowmobile market. Europe is projected to grow with a CAGR of 3.5% in the 800 CC segment mainly because this continent has affluent customers who are less price sensitive and willing to pay a premium for quality and performance. This segment is dwarfed by the <500 CC segment, which dominates the global snowmobile market by capacity type. Companies may want to focus their attention on both North America and Europe as both are on track cross a value of US$140 million by end 2022, making them too big to ignore in the global snowmobile market

3- The 5 and 6 Seater segments of the global snowmobile market are comparative niches as most customers prefer snowmobiles with 1, 2 or 3 seats. The 5 seater segment has a revenue share of approx. 12% and North America contributes a third of this. A similar situation exists in the 6 seater segment of the global snowmobile market as well

Entry-Level & Mountain Snowmobiles Gain Popularity

The entry-level and mountain snowmobile segment account for more than 2/5^th of the snowmobile market by product type. The entry-level snowmobile segment is anticipated to be worth more than US$ 430 million by the end of the forecast period, making it imperative for key stakeholders in the snowmobile market to target this segment. For companies that specialize in mountain snowmobiles, North America represents the single largest region as it represents more than a third of the snowmobile market and is likely to remain so.

<500 CC Segment Dominates the Global Snowmobile Market

The <500 CC segment is approaching 70% revenue share of the global snowmobile market by engine capacity type segment in the year 2017. Companies are advised to attack APEJ even though North America is the largest region as the former is on track to record a higher CAGR of 4.3% for the period from 2017 to 2022. The 500CC- 800 CC segment is much smaller and has a revenue share of only 16% of the global snowmobile market.

Competition Analysis

The Fact.MR report has profiled the prominent companies’ active in the snowmobiles market. The companies are Arctic Cat, Polaris Industries, Yamaha Motor Corporation, Bombardier Recreational Products, John Deere GMBH, and Textron.

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Table of Contents:

Global Snowmobile Market – Executive Summary
Global Snowmobile Market Overview
2.1. Introduction
2.1.1. Global Snowmobile Market Taxonomy
2.1.2. Global Snowmobile Market Definition
2.2. Global Snowmobile Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Snowmobile Market Y-o-Y Growth
2.3. Global Snowmobile Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Cost Structure Analysis
2.5. Pricing Analysis
2.6. Trade Outlook
2.7. Value Chain Assessment and Profitability Margins
2.8. Raw Material Sourcing Strategy and Analysis
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Snowmobile Market Analysis and Forecast By Product Type
3.1. Global Snowmobile Market Size and Forecast By Product Type, 2012-2022
3.1.1. Entry Level Snowmobile Snowmobile Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Mountain Snowmobile Snowmobile Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Utility Snowmobile Snowmobile Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region

Continued…….

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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