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Snowmobile Market Explores New Growth Opportunities By 2026

Snowmobile Market, Snowmobile, Snowmobiles Market

Snowmobile Market, Snowmobile, Snowmobiles Market

Global Snowmobile Market: Introduction

Snowmobiles are recreational winter vehicles often found in areas covered with snow. Snowmobile is an open terrain vehicle and doesn’t require road and rail and can smoothly run over snow and ice. Snowmobile is also popularly known as sled or snow machine. Snowmobile market witnesses limited demand, being a recreational transportation product, it is commonly sold in regions with sufficient snow. Some of the geographies where snowmobiles are mostly marketed includes Finland, Alaska, Canada, Sweden, Quebec, etc. Another major reason behind snowmobile being commonly categorized under recreational category is the relatively high cost of snowmobiles and use limited only to winter season with sufficient snow.

TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/13678

Snowmobiles are generally available in single and two-seater variants, out of which single-seater is most commonly found variant. Snowmobiles can be powered by a two stroke or a four stroke engine, the engines are similar to that found in personal watercraft. Type of engine deployed in snowmobile is important as performance and power is one of the key parameters concerned while selection of a snowmobile. A variety of variants with different engine capacity are available in the market, selection of which depend upon the riding requirements. The market for snowmobile is highly consolidated with few manufacturers holding major share of the market.

Global Snowmobile Market: Market Dynamics

Increasing inclination of young population towards recreational sports supplemented by the increasing disposable incomes in key target markets is a prominent factor that drives the growth of snowmobile market. Snowmobilers in the U.S. take snowmobiling as a family activity and large portion of families residing in the U.S. opts snowmobiling for recreation purpose. This in turn creates demand for snowmobiles. From a macro-economic point of view, robust growth of economy is a major market force responsible for accelerating or decelerating market growth. The snowmobile market was adversely hit by the global economic recession between 2007 and 2009. A noteworthy decline in sales figures of snowmobile was witnessed in 2009. However, the market situation improved slightly post-recession period. One of the major factors that is hampering the adoption of snowmobile among various is the higher cost of the snowmobiles. Snowmobiles generally costs between US$ 9000 to US$ 11000 – nearly the cost of a passenger car. This limits snowmobiles customer base to people with relatively high incomes. Furthermore, the high cost of replacement parts and their maintenance is among other factors that restraints customers from buying new snowmobile and rent or buy old snowmobiles.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13678

Global Snowmobile Market: Market Segmentation

On the basis of product type, the Snowmobile market can be segmented into;

• Entry level Snowmobile
• Performance Snowmobile
• Touring Snowmobile
• Mountain Snowmobile
• Utility Snowmobile
• Crossover Snowmobile

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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