Press release
Snow making system Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2026
Persistence Market Research (PMR)
In the present scenario, some of the major factors driving the global snow making system market include significant increase in tourism, extensive control of the site offered by snow-making systems, twisting of seasons due to drastic changes in climatic conditions, and low dependency on natural resources. Furthermore, majority of ski areas invest millions of dollars on the installation of snow-making systems. In addition, ski resorts have been proactively implementing systems to adapt to more erratic and frequent winters by enhancing their snow-making capacity by up to 60% over the past two decades.
Emerging markets include countries undergoing rapid economic growth & growing interest in skiing, owing to which they are expected to emerge as substantial markets. These countries play a crucial role as they create demand for snow-making systems and become target countries for the installation & supply of complete systems. Growth of the tourism industry in emerging countries such as China, Latin America, and South Africa is expected to fuel the global demand for snow-making systems during the forecast period.
However, the global snow-making system market is expected to face some challenges. High initial as well as maintenance cost is one of the prime reasons likely to restrain the growth of the snow making system market in the coming years. Moreover, the renting of snow factories in the Americas is another factor that is likely to hamper the demand for snow-making systems, and this is expected to have a negative impact on the revenue growth of the global snow making system market.
Segmentation Analysis
The snow making system market is segmented on the basis of system type, end use, and regions. On the basis of system type, the fan-based systems segment is anticipated to continue to dominate the market in terms of volume over the forecast period. However, in terms of value, the external mix segment is estimated to account for nearly 36.9% of the global snow making system market to reach US$ 32.0 Mn by the end of 2017.
Regional Market Projections
Europe is the leading market for snow-making systems accounting for over 37.8% market share in terms of revenue in the global snow making system market by the end of 2018 owing to the presence of a significant number of resorts along with the population’s keen interest for skiing. The Asia Pacific snow making system market is projected to witness significant growth in terms of value in the global snow making system market over the forecast period with a CAGR of 8.3% over the forecast period. This can be attributed to market growth in China and Australia & New Zealand, among others.
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Vendor Insights
The report highlights some of the top companies operating in the global snow making system market, such as TechnoAlpin; Supersnow; Focusun Refrigeration Corporation; Ratnik Industries; HKD Snowmakers; Fahrentec Refrigeration Corporation Limited; MND Group (Sufag Ab); DEMACLENKO Ltd.; Snow Machines, Inc.; and Kashiyama Industries; among others.
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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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