“Global Snowmobile Market to reach a market value of USD 2 Billion by 2030 growing at a CAGR of 3.6%”
The Global Snowmobile Market size is expected to reach $2 billion by 2030, rising at a market growth of 3.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 2638.3 hundred units, experiencing a growth of 3.7% (2019-2022).
snowmobiling is deeply ingrained in Canadian culture, particularly in rural and remote areas where it serves as a practical means of transportation during winter. The cultural significance of snowmobiling in Canada contributes to its popularity and can sustain demand for the market. Consequently, the North America region would generate approximately USD 570 million in revenue in 2022. Also Canada would utilize 27.7 hundred units of 800 CC & above displacement type snowmobiles by 2030. North America has a well-developed infrastructure to support snowmobiling, including designated trails, rental facilities, and service centers. This infrastructure makes it easier for enthusiasts to access and enjoy the sport, thus driving demand for snowmobiles.
Rental and tour companies make snowmobiling accessible to a broader audience, including tourists, beginners, and individuals who may not own a snowmobile. By offering rental services, these companies allow people to experience snowmobiling without needing upfront investment in purchasing a vehicle, making the activity more affordable and appealing. In addition, rental and tour companies actively promote snowmobiling as a tourist attraction, particularly in regions with snowy landscapes and winter tourism destinations. Thus, the expansion of rental and tour companies is driving the market’s growth.
Additionally, Governments invest in developing and maintaining snowmobiling trails, parks, and recreational areas. By improving access to snowmobile destinations and ensuring trail safety, governments create favorable conditions for enthusiasts, increasing participation and demand for snowmobiles. Hence, increasing government support for winter tourism drives the market’s growth.
However, Snowmobile sales and usage depend on snowfall availability and consistency in a region. In areas where snowfall is sporadic or limited, the demand for snowmobiles may be lower, as consumers cannot utilize the vehicles for an extended period. The demand for snowmobiles varies across different geographic regions based on climate conditions and seasonal changes. Thus, the seasonal demand is hampering the growth of the market.
Based on displacement type, the market is divided into <500 CC, 500 CC to 800 CC, and 800 CC & above. In 2022, the 500 CC to 800 CC segment garnered a 51% revenue share in the market. This category of snowmobiles balances power and mobility, making them suitable for various conditions and uses. They can handle groomed trails and deeper snow off-trail, appealing to many riders. They provide adequate acceleration and speed for recreational riders and enthusiasts.
On the basis of engine type, the market is segmented into two-stroke engine and four-stroke engine. In 2022, the four-stroke engine segment attained a 26% revenue share in the market. In terms of volume four-stroke engine have 402.6 hundred units in 2022. Four-stroke engine technology has advanced significantly in recent years, resulting in better performance, reliability, and efficiency than earlier models. These advancements have made four-stroke snowmobiles more attractive to consumers who prioritize durability and long-term value. Also, four-stroke engines are generally more fuel-efficient and produce lower emissions. Cleaner-burning snowmobile engines are becoming more common as consumers become more ecologically concerned and environmental restrictions become stiffer.
Based on distribution channel, the market is categorized into offline and online. In 2022, the offline segment registered the 79% revenue share in the market. Offline distribution channels give customers individualized support and direction by allowing them to contact trained employees who can make recommendations based on their budget, riding history, and personal preferences. This customized strategy increases client loyalty and trust while improving the buying experience.
Free Valuable Insights: Global Snowmobile Market size to reach USD 2 Billion by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe region generated a 32% revenue share in the market. There has been a surge in interest in winter sports and outdoor activities across Europe. Snowmobiling is increasingly recognized as an exhilarating way to explore snowy landscapes and is becoming more popular among outdoor enthusiasts. Additionally, many European countries are diversifying their winter tourism offerings beyond traditional activities like skiing and snowboarding. Snowmobiling tours and experiences are introduced as exciting alternatives, attracting tourists seeking unique winter adventures.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.5 Billion |
| Market size forecast in 2030 | USD 2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 3.6% from 2023 to 2030 |
| Quantitative Data | Volume in Hundred Units, Revenue in USD Million, and CAGR from 2019 to 2030 |
| Number of Pages | 283 |
| Number of Tables | 602 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Displacement Type, Engine Type, Distribution Channel, Region |
| Country scope |
|
| Companies Included | Deere & Company, Suzuki Motor Corporation, Bombardier Recreational Products (BRP) Inc., Yanmar Holdings Co., Ltd., Polaris, Inc., Alpina Snowmobiles S.r.l., Arctic Cat Inc. (Textron Inc.), Crazy Mountain Xtreme, Taiga Motors Corporation, AD Boivin Inc. |
By Displacement Type (Volume, Hundred Units, USD Billion, 2019-2030)
By Engine Type (Volume, Hundred Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Hundred Units, USD Billion, 2019-2030)
By Geography (Volume, Hundred Units, USD Billion, 2019-2030)
This Market size is expected to reach $2 billion by 2030.
Expansion Of Rental and Tour Companies are driving the Market in coming years, however, Seasonal Demand for Snowmobiles restraints the growth of the Market.
Deere & Company, Suzuki Motor Corporation, Bombardier Recreational Products (BRP) Inc., Yanmar Holdings Co., Ltd., Polaris, Inc., Alpina Snowmobiles S.r.l., Arctic Cat Inc. (Textron Inc.), Crazy Mountain Xtreme, Taiga Motors Corporation, AD Boivin Inc.
In the year 2022, the market attained a volume of 2638.3 hundred units, experiencing a growth of 3.7% (2019-2022).
The Two-Stroke Engine segment is leading the Market, By Engine Type in 2022, there by achieving a market value of $1.4 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $732.9 million by 2030, growing at a CAGR of 3.3 % during the forecast period.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 