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Global snowmobile market: 3.6% CAGR growth forecast between 2012-59

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Global Snowmobile Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-31 00:14:00
The Global Snowmobile market is to grow at a CAGR of 3.57 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased popularity of outdoor recreational activities. The Global Snowmobile market has also been witnessing the increasing demand for snowmobiles with high engine capacity. However, the high cost of snowmobiles could pose a challenge to the growth of this market.

The Global Snowmobile market is witnessing increased demand for snowmobiles with high engine capacity. High engine capacity improves the performance of snowmobiles and makes them capable of traveling up steep hillsides. Currently, vendors are producing snowmobiles with engine capacities ranging from 1,000 cc to 1,200 cc. Though the high engine capacity affects the fuel efficiency of snowmobiles, the demand for snowmobiles with these engines is increasing due to their increased reliability in extreme weather conditions.

The Global Snowmobile market is driven by many growth factors, one of which is the increased popularity of outdoor recreational activities across the world. The increased interest of people in spending their leisure time in outdoor recreational activities is leading to the increasing the popularity of snowmobiling worldwide. Snowmobiling offers a great deal of adventure and excitement as well as being a means of transportation for people living in ice-covered remote areas.

Despite the presence of some drivers, the Global Snowmobile market is confronted by some major growth inhibitors. One such major growth inhibitor is the high cost of snowmobiles. The cost of snowmobiles offered by global vendors is high when compared to those offered by local producers.

The key vendors dominating this market space are BPR Inc. Polaris Industries Inc. Arctic Cat Inc., and Yamaha Motor Co. Ltd. Other vendors are AD Boivin Inc., Aktiv Maskin Östersund AB, Alpina S.R.L., Ockelbo Snowmobiles Co., Russkaya Mekhanika Co., TeamFAST.com Inc., Wuxi Newplan Plastic Co. Ltd., XRAN International (UK) Ltd., and Zhejiang Lianmei Industrial Co. Ltd.

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Mike King
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