Press release
Snowmobile Market Poised to Rake US$ 1.6 billion by 2022
Dramatically impacted by the recent global recession, the global snowmobile market has been on a gradual path towards recovery. Snowmobiling is a recreational activity that is more popular in developed countries as the cost of a snowmobile can be in the thousands of dollars, limiting the growth potential of the global snowmobile market. However, snowmobiling has now morphed from a sport into a hobby that is passionately pursued by all family members. However, the main challenge for companies in the snowmobile market is to reduce the cost of their products, increasing their accessibility and affordability in emerging economies.According to Fact.MR, the global snowmobiles market is on track to grow to more than US$ 1.6 billion by the end of the forecast period, but will witness a sluggish CAGR from 2017 to 2022.
Specialty stores account for more than a third of the revenue share in the global snowmobile market by sales channel and are poised to grow during the forecast period. The specialty store segment is anticipated to be worth just under US$ 580 million by end 2022. These stores are followed by the online segment with a revenue share approaching a quarter of the global snowmobile market in 2017. Companies actively involved in the global snowmobile market could seek to target North America as the online channel is predicted to be particularly popular on this continent
Request For Report Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=233
The 800 CC and above segment represents the most powerful snowmobiles currently available in the global snowmobile market. Europe is projected to grow with a CAGR of 3.5% in the 800 CC segment mainly because this continent has affluent customers who are less price sensitive and willing to pay a premium for quality and performance. This segment is dwarfed by the
ABOUT US:
Fact.MR is focused on offering transformative intelligence that inspires breakthroughs and innovation. We believe that the right decisions at the opportune time are integral to achieve extraordinary success. We are here to help you with your strategic decision making.
CONTACT:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Phone: +353-1-6111-593
Email: sales@factmr.com
Website: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Snowmobile Market Poised to Rake US$ 1.6 billion by 2022 here
News-ID: 698420 • Views: …
More Releases from Fact.MR
Citrus Fiber Market is Expanding at a 5.7% of CAGR by 2034 | Fact.MR Report
The global Citrus Fiber Market is projected to experience substantial growth over the next decade, driven by rising demand for clean-label ingredients, functional food components, and sustainable fiber sources.
Market analysts estimate that the market, valued at approximately USD 350 million in 2025, is expected to reach around USD 720 million by 2035, expanding at a compound annual growth rate (CAGR) of about 7.5% during the forecast period.
Get Access of…
Gluten-Free Food Market is Predicted to Grow to USD 6.5 Billion in 2026 and USD …
The global gluten-free food market is entering a phase of mainstream consolidation, projected to grow from a valuation of USD 7.4 billion in 2026 to approximately USD 15.2 billion by 2036. This represents a steady compound annual growth rate (CAGR) of 7.5% over the ten-year forecast period.
While initially driven by medical necessity for celiac disease patients, the market is now being propelled by "lifestyle consumers" who perceive gluten-free products…
Electronic Speed Controller for Drones and UAVs Market is Valued USD 448.0 milli …
The global electronic speed controller (ESC) for drones and UAVs market is experiencing a rapid technological surge, projected to grow from a valuation of USD 1.8 billion in 2026 to approximately USD 5.1 billion by 2036. This represents a strong compound annual growth rate (CAGR) of 11.0% over the ten-year forecast period.
The market is being propelled by the proliferation of long-endurance commercial drones, the militarization of small FPV (First…
Car Tail Light Mold Market is Hoped-for USD 3.6 billion by 2036 | Fact.MR Report
The global car tail light mold market is navigating a high-design era, projected to grow from a valuation of USD 1.4 billion in 2026 to approximately USD 2.6 billion by 2036. This represents a compound annual growth rate (CAGR) of 6.4% over the forecast period.
The market is being fundamentally reshaped by the transition from simple bulbs to complex LED and OLED signatures, requiring high-precision multi-color and multi-material injection molding…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
