Today: June 25, 2018, 3:51 pm

Snowmobile Market on Track to US$ 1.6 billion by 2022

Snowmobile Market on Track to US$ 1.6 billion by 2022
The Fact.MR report projects that the global snowmobiles market will record a sluggish CAGR and grow to a value of over US$ 1.6 billion in 2022. 2017-09-01 12:52:16
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.

Request For Sample Report @

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.

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

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

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

Check Discount @

1 and 2 seater snowmobiles are the most popular in the global snowmobile market and it is not surprising to see why. The 2 seater segment of the global snowmobile market is predicted to almost touch US$ 100 million in North America alone by 2022 with Europe following closely behind. The 1 seater segment is estimated to grow more in Latin America and APEJ but neither is likely to outpace North America anytime soon in the global snowmobile market

Entry level snowmobiles represent a quarter of the revenue share by product type segment in the global snowmobile market. Entry level snowmobiles could be marketed to customers in Latin America as customers in this region are more cost-conscious than their North American or European counterparts

The report has profiled leading players in the global snowmobile market. These include Textron, John Deere GMBH, Bombardier Recreational Products, Yamaha Motor Corporation, Polaris Industries, and Arctic Cat.

Click to View Complete Report @

About Us

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized 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.

Contact Us


Office: Dublin 2

Suite 9884

27 Upper Pembroke Street,

Dublin 2, Ireland

Tel: +353-1-6111-593

( Dublin 2 )



Press Information

Published by
Abhishek Budholiya

# 670 Words
Related Articles
More From The Author
Hiking Footwear Market Worth US$ 70,000 Mn [..]
The global market for hiking footwear is projected to expand at a robust CAGR throughout the forecast period 2017 to [..]
Baseball Shoes Market to Approach US$ 4,500 [..]
Fact.MR’s latest study reveals that the global market for baseball shoes will expand at a moderate pace during 2017 and [..]
Aqua Gym Equipment Market Accounting for US$ [..]
Due to rising urbanization and an increasingly fast paced lifestyle, the epidemic of obesity is taking its toll on people. [..]
Snowboard Equipment Market to Exceed US$ 300 [..]
Surge in aspiring snowboard athletes is projected to rev up demand for snowboard equipment in the sports industry. In addition, [..]
Permeate Market size in terms of volume [..]
Permeate is a dairy ingredient rich in lactose content which is produced after the removal of protein and other ingredients [..]
More From Sport
Esports can help save major sports clubs [..]
Major sports clubs that fail to establish esports teams risk losing the next generation of fans, according to an industry [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.