Global snowmobiles market will record a strong CAGR and grow to a value of over US$ 1.6 billion in 2022

Snowmobiles are recreational devices meant to traverse regions that have witnessed heavy snowfall. The snowmobile market is a niche market and has limited demand, mainly in the northern regions of the globe such as Europe or North America. The snowmobile market is also constrained by the relatively high cost of snowmobiles and the fact that they can only be used in the winter months. The snowmobile market was dramatically impacted by the global recession of 2007-2009 but has seen a gradual recovery in the decade since. The improving economic conditions, particularly in some countries of the developed world are the major driver of the snowmobile market. A positive economic scenario has allowed youth in these regions to indulge in recreational activities and sports, thereby benefiting the expansion of snowmobile market. The report, compiled by Fact.MR, provides in-depth analysis of the global snowmobile market for the forecast period 2017-2022, and offers key insights about future market direction.

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The next section offers an overview of the snowmobile market. This comprises an introduction to the market, along with a standard definition of the product – snowmobile. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global snowmobile market, the report provides updates about market opportunities, which can benefit leading manufacturers of snowmobiles. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for snowmobile manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

5 Key Insights on Future of Snowmobile Market during 2017-2022

• 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

• 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

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This release was published on openPR.