Snowmobile Global Market 2024 - By Demand, Share, Size, Trends, Forecast To 2033

Global snowmobile market size is expected to reach $2.11 Bn by 2028 at a rate of 4.4%, segmented as by product type, entry level, performance, touring, mountain, utility, crossover

Aug 16, 2024 - 11:34

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Snowmobile Global Market 2024 - By Demand, Share, Size, Trends, Forecast To 2033

snowmobile market

The snowmobile market size is expected to see steady growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to environmental regulations compliance, rise of adventure tourism, winter sports competitions, youth involvement programs, climate change impact. Major trends in the forecast period include smart connectivity, lightweight materials and design innovations, ergonomic design for comfort, trail and backcountry versatility, customization options for personalization..

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Segmentation & Regional Insights
The snowmobile market covered in this report is segmented –
1) By Product Type: Entry level, Performance, Touring, Mountain, Utility, Crossover
2) By Engine Type: Two Stroke Engine, Four Stroke Engine
3) By Engine Size: Below 500 CC, 500 CC To 900 CC, Above 900 CC
4) By Seating Capacity: Single Seater, Multi Seater
5) By Distribution Channel: Offline, Online

North America was the largest region in the snowmobile market in 2023. The regions covered in the snowmobile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing popularity of recreational activities is expected to propel the growth of the snowmobile market going forward. Recreational activities refer to outdoor leisure pursuits, including skiing, snowboarding, ice skating, and snowmobiling. The increasing popularity of outdoor activities during the winter has contributed to a higher demand for snowmobiles as people seek thrilling and efficient ways to explore snowy landscapes and access remote areas. For instance, in June 2023, according to the Outdoor Participation Trend report by the Outdoor Industry Association (OIA), a US-based non-profit organization, the outdoor recreation participant base increased by 2.3% in 2022 to a record 168.1 million participants compared to 164.2 million in 2021, representing 55% of the U.S. population aged six and older. Therefore, the increasing popularity of winter sports and recreational activities will drive the growth of the snowmobile market.

Key Industry Players
Major companies operating in the snowmobile market report are Yamaha Motor Corporation, Polaris Inc., Bombardier Recreational Products Inc. (BRP), Camso Inc., Triton Services Inc., Arctic Cat Inc., Kimpex Inc., Woody's Traction (International Engineering & Manufacturing Inc.), KLIM Technical Riding Gear, Blackcomb Snowmobile, Backcountry Access Inc., Boondocker LLC, Slednecks, Alpina Snowmobiles S.r.l., Skinz Protective Gear, Sled Solutions LLC, Curve Industries Inc., IceAge Performance, TimberSled, AD Boivin Inc., Crazy Mountain Motorports Inc., Laflamme Racing, Taiga Motors Corporation, Taiga Motors Group, Crazy Mountain Industries Inc., Aurora Powertrains

The snowmobile market report table of contents includes:
1. Executive Summary
2. Snowmobile Market Characteristics
3. Snowmobile Market Trends And Strategies
4. Snowmobile Market - Macro Economic Scenario
5. Global Snowmobile Market Size and Growth
..................................
32. Global Snowmobile Market Competitive Benchmarking
33. Global Snowmobile Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Snowmobile Market
35. Snowmobile Market Future Outlook and Potential Analysis
36. Appendix

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