Snowmobile Market is expected to grow at a healthy CAGR of 3.5%

Market & Growth Prognosis: Analyzing the market over a period of 2010-15 Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Snowmobile Market during the period 2016-21.

Stratview Research triangulates the market to grow at a healthy CAGR of 3.5% over the next five years.

The Diverse Stand Points

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Snowmobile has been viewing from various perspectives such as:

Dissection By (Segments)
1. Vehicle Type (Mountain, Crossover, Cross Country, Utility, Touring, Others)
2. Displacement Type (Less Than 400 CC, 400-600 CC, 600-800 CC, More than 800 CC)
3. Cylinder Type (One Cylinder, Two Cylinders, Three Cylinders)
4. By Region (North America, Europe, Asia-Pacific and Rest of the World)

Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

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The Factors Driving the market

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.

Driven by demand, North America has the hegemony over the 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.

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The Report Highlights:

The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into the future.
The following are the key features of the report:
● Strategic segmentation
● Market analysis: Growth drivers and constraints, Porter’s five forces
● analysis, SWOT analysis
● Detailed Competitive Rivalry landscaping
● Market trend and forecast analysis
● Future Growth Boulevards

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This release was published on openPR.