Global Snowmobile Market By Product Type (Mountain, Crossover, Cross Country, Utility, Touring, and Others), By Engine Type (Two Stroke Engine v/s Four Stroke Engine), By Displacement Type (<500 CC, 500 CC – 800 CC, 900 CC and Above), By Region, Competition, Forecast & Opportunities, 2028
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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The worldwide snowmobile market was valued at around 36.75 billion in 2023 and is expected to reach $2.7 billion by 2033, with a Compound Annual Growth Rate (CAGR) of 4.6%.
Global snowmobile market is likely to grow steadily over the forecast period. Global snowmobile market is driven by the growing demand for snowmobiles in snowmobiling sport and other leisure & recreational activities. In addition to this, continuing technological developments and new product offerings by the industry players operating in the market is likely to generate promising opportunities for the growth of the market through 2028. Nevertheless, the high price of snowmobiles is likely to restrict the growth of the market over the forecast period. Furthermore, they can be utilized only during winter season where snowfall is sufficient. This in turn is likely to adversely affect the growth of the market. Also, the popularity of used snowmobiles or snowmobiles that are available at on rent further decelerates the market growth throughout the forecast period.
The worldwide snowmobile market is categorized on the basis of product type, engine type, displacement type, company, and region. On the basis of engine type, the market can be divided into two stroke engine and four stroke engines. The two-stroke engine segment is anticipated to lead the market as they are the most traditional types of engine used in snowmobiles. Although four stroke engines have been initiated to be utilized since 2000.
- Market Trends
- Recreational Use Recreational snowmobiling is a major driver of market growth, fueled by increasing interest in outdoor activities and winter tourism.
- Vehicle Type Trail snowmobiles dominate the vehicle type segment, known for their versatility and recreational use.
- Engine Type 2-stroke engines are popular due to their lightweight design and high power-to-weight ratio.
The major players operating in the snowmobile market
Bombardier Recreational Products & Vehicles (BRP),
Crazy Mountain,
Moto MST,
Objective of the Study
- To analyze and estimate the market size of global snowmobile market from 2018 to 2021.
- To estimate and forecast the market size of global snowmobile market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global snowmobile market based on product type, engine type, displacement type, company, and regional distribution.
- To identify dominant region or segment in the global snowmobile market.
- To identify drivers and challenges for global snowmobile market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global snowmobile market.
- To identify and analyze the profile of leading players operating in global snowmobile market.
- To identify key sustainable strategies adopted by market players in global snowmobile market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
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Key Target Audience
- Snowmobile manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to snowmobile
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|
Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Product Type · Engine Type · Displacement Type |
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Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country Scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
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Key Companies Profiled |
Arctic Cat Inc., Polaris Industries, Inc., Yamaha Motor Corporation, Bombardier Recreational Products & Vehicles (BRP), Alpina Snowmobiles S.r.l., Crazy Mountain, Moto MST, John Deere GMBH & Co.KG, Ski-doo (Bombardier Recreational Products), Taiga Motors. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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