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Snow Chain Market to Expand Substantially Owing to Technological Innovations During 2019 to 2029

08-20-2019 11:42 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Snow Chain Market to Expand Substantially Owing

Snow Chain Market: Introduction

The snow chain is attached over the outer surface of tyre, in order to have proper traction and braking, while driving the vehicle on the ice or snow surface. The snow chain enhance the traction and braking ability while driving a vehicle on the snow or ice however it also reduces the fuel efficiency of the vehicle, since it reduces speed of the vehicle around 40-50 km/h . The advance snow chain are made of the plastic materials or the fibers, which are corrosion less and has light weight compared to the conventional snow chain or the steel snow chain, which also help vehicle to maintain the fuel efficiency.

Snow Chain Market: Dynamics

Demand of snow chain is would be primarily generated from the heavy snowfall and snow clamped regions, owing to the fact that the snow chain is the essential part of the vehicle for traveling on the snow surface, since it provides proper control of the vehicle while driving on snow surface. In winters the highways are covered by the snow which affect the public transport and could lead to any severe casualty, which might drive demand for the snow chain. To improve the vehicle fuel efficiency the manufactures are introducing the new polyurethane/plastic material snow chain, which are light weight and have less maintenance cost, which might propel the demand for snow chain market. The advanced snow chain feature which also include silent driving with less damage to the road surfaces. Some of the manufactures has introduced the new automatic snow chain system which allows the driver to install snow chain by pushing a button from inside the vehicle that activates solenoid, which guide the positioning of snow chain to contact the tyre. Some of the transportation regulatory body has mandate the use of the snow chain during the time of heavy snow fall in winter season, because some of the vehicle stuck due to extreme snow, since it is not equipped with the snow chain. The limited geographical area, which are covered with the snow might act as one of the restrain for global snow chain market.

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Snow Chain Market: Segments

The snow chain can be segmented on the basis of wheel size, by vehicle type, by material type and by product type.

On the basis of wheel size, the snow chain market can be segmented as:

Less than 12 Inch
12-15 Inch
More than 15 Inch
On the basis of vehicle type, the snow chain market can be segmented as:

Passenger vehicles
Mid-size
Compact
Luxury
SUVs
Commercial vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
ATV
Industrial Machine
Others (Loader, Tractor etc.)
On the basis of Material type, the snow chain market can be segmented as:

Polyurethane/Plastic Material
Steel Material
Carbon Steel Material
Steel Alloys Material
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On the basis of Product type, the snow chain market can be segmented as:

Diamond Link
Twist Link
Diagonal Link
Ladder Style
Others
Snow Chain Market: Regional Outlook

The Europe is likely to have the prominent market share in snow chain market, because of the rising tourism in the snow clamped area such as Switzerland, Greenland. The North America has the protuberant demand because of the outsized vehicle fleet and heavy snowfall in the winter season. Asia Pacific is expected to have the slower growth rate, because it has the lesser snow fall area in the region. The Russia and other few European is likely to have prominent growth rate, because these countries have the very low temperature and they face excessive snowfall during the winter and snow chain helps enhance vehicle traction ability. The Canada witness one of the major snowfall volumes in the world, especially in regions such as Alberta, Saskatoon and Winnipeg, this positions the country as a highly prominent market for snow chain. The Middle East & Africa region is anticipated to have very fewer percentage of opportunity because of the less snow fall area.

Snow Chain Market: Key Participates

List of some of the prominent market participants in snow chain market are:

Key Players:

pewag Inc.
RUD Ketten Rieger & Dietz GmbH u. Co. KG
Top Gear Sales Ltd
COM
Glacier Chain Supply, Inc
König
Nosted Mechanika
Retezarna as
SDL Chain
METALFOLD SRL

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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