Global Snowmobiles Market To Grow At A Value Of Over US$ 1.6 Billion In 2022

Snowmobile

Dramatically impacted by the recent global recession, the global snowmobile market has been on a gradual path towards recovery. Snowmobiling is a recreational activity that is more popular in developed countries as the cost of a snowmobile can be in the thousands of dollars, limiting the growth potential of the global snowmobile market. However, snowmobiling has now morphed from a sport into a hobby that is passionately pursued by all family members. However, the main challenge for companies in the snowmobile market is to reduce the cost of their products, increasing their accessibility and affordability in emerging economies.

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.

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Market Taxonomy

Product Type
  • Entry Level Snowmobile
  • Mountain Snowmobile
  • Utility Snowmobile
  • Crossover Snowmobile
  • Touring Snowmobile
  • Trail Performance Snowmobile
Seating Capacity Type
  • 1 Seater
  • 2 Seater
  • 3 Seater
  • 4 Seater
  • 5 Seater
  • 6 Seater
Engine Capacity Type
  • <500 CC
  • 500 CC – 800 CC
  • 800 CC and Above
Channel
  • Sport Stores
  • Franchised Stores
  • Speciality Stores
  • Online

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
  • Textron.

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