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