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Snowmobile Market is Likely to witness 3.5% CAGR in 2021

04-05-2019 10:47 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Snowmobile Market is Likely to witness 3.5% CAGR in 2021

Stratview Research has launched a new research report on Snowmobile Market. This report segments the market in four ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Vehicle Type (Mountain, Crossover, Cross Country, Utility, Touring, Others),
 Displacement Type (800CC),
 Cylinder Type (One Cylinder, Two Cylinders, Three Cylinders),
 Region
 North America
 Europe
 Asia-Pacific
 Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Snowmobile Market.

Years considered for this report –
 base year 2016
 trend period 2010 – 2015
 forecast period 2016 - 2021

Click here to read the detailed description: https://www.stratviewresearch.com/117/snowmobile-market.html

View detailed TOC here: https://www.stratviewresearch.com/toc/117/snowmobile-market.html

Snowmobile market to witness 3.5% CAGR

The global snowmobile market has an impressive history of more than six decades. During 1960’s, the snowmobile market gained popularity as a recreational vehicle in North America which led to the entry of more than hundred players in the market. They started competing with each other to gain the market share. Over a period of time, only four major players survived the competition and today, they remain as the key players, serving the global market. All the players have an excellent geographical presence serving North American as well as international market.

The snowmobile market offers a moderate growth opportunity and is likely to witness 3.5% CAGR during the forecast period of 2016 to 2021. Mountain and cross over are the most dominant snowmobile types and together, they accounted for more than 50% of the global snowmobiles market in 2015. Both the snowmobile types are likely to remain the largest types during the forecast period. Utility snowmobile is likely to witness the fastest growth in the next five years.

North America to remain the largest market

North America is expected to remain the largest market for snowmobiles during the forecast period. Among the countries, the US, Canada, and Russia are the largest markets, and together they occupied more than 85% of the global snowmobile market in 2015. Canada and Russia are expected to experience a faster growth than the other countries in the next five years.

Key Strategies

Development of high displacement engine in the range of 1,000CC to 1,200 CC, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major snowmobile companies - BRP Inc., Artic Cat, Polaris Industries, and Yahama Motors

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology
This report studies the Snowmobile Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 14 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Consumer Goods industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Consumer-Goods.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

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