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Snowmobile Market Size, Share & Trends Analysis Report By Vehicle Type (Trail, Mountain), By Engine Type (Below 500cc, Above 900cc), By Engine Size, By Seating Capacity, By Region, And Segment Forecasts, 2023 - 2030

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½ºÅ°, ½º³ë¸ðºô, ½º³ë¿ìº¸µå, ½º³ë¿ì ·¹À̽º, ½º³ë Å©·Î½º, ½º³ë¿ì ½´ µî °Ü¿ï ½ºÆ÷Ã÷ÀÇ ¼ÒºñÀÚ °ü½ÉÀÌ ³ô¾ÆÁö´Â °ÍÀº ½ÃÀå ½º³ë¸ðºô ¼ö¿ä¸¦ ÃËÁøÇÏ´Â ÁÖ¿ä ¿äÀÎ Áß ÇϳªÀÔ´Ï´Ù. ¿¹¸¦ µé¾î 2022³â 12¿ù, Gaylord Area Convention and Tourism Bureau´Â 3³â ¸¸¿¡ 2023³â Michigan Snowmobile FestivalÀ» °³ÃÖÇÑ´Ù°í ¹ßÇ¥Çß½À´Ï´Ù. ÀÌ ÃàÁ¦´Â ¹Ì½Ã°£ ÁÖ ºÏºÎ Æ®·¹ÀÏ ½Ã½ºÅÛÀ» ½º³ë¸ðºô ½ÇÇàÇÏ´Â »ç¶÷µéÀ» ºÒ·¯µéÀÌ´Â °ÍÀ» ¸ñÇ¥·Î ÇÕ´Ï´Ù. ÀÌ¿Í °°ÀÌ °ü±¤°´ Áõ°¡´Â ½º³ë¸ðºô ¼ö¿ä Áõ°¡·Î À̾îÁ® ½ÃÀå ¼ºÀåÀ» ÃËÁøÇϰí ÀÖ½À´Ï´Ù.

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NJH 23.09.06

Snowmobile Market Growth & Trends

The global snowmobile market size is projected to reach USD $2.33 billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The global snowmobile industry's growth is primarily stimulated by growing enthusiasm among consumers for snowmobiling activities in the North American and Nordic regions and the growing focus of the European and American governments to enhance tourism, eventually leading to the growth in the sale of snowmobiles. Moreover, increasing efforts by snowmobilers' communities and manufacturers to promote their offerings and services through innovative social media approaches are expected to drive market growth over the forecast period. However, the high upfront total cost of ownership remains a challenging factor limiting the market growth to some extent.

The rising interest of consumers in winter sports such as skiing, snowmobiling, snowboarding, snow racing, snow-cross, and snowshoeing is one of the major factors driving the demand for snowmobiles in the global market. For instance, in December 2022, Gaylord Area Convention and Tourism Bureau announced the Michigan Snowmobile Festival in 2023 after three years of absence. This festival aims to bring snowmobilers to ride trail systems in Northern Michigan. Thus, the rise in tourism has led to increasing demand for snowmobiles, thereby driving the market growth.

Snowmobiling has been a trending sport in recent years, owing to the growing interest of people in snow activities in the U.S., Canada, and Scandinavian countries.The rise in spending capacity on off-road vehicles and the long-lasting winter season have spurred the growth of snowmobile sales in North America. For instance, in January 2023, the Government of Canada announced an investment of USD 1.1 Million in the British Columbia Snowmobile Federation (BCSF) clubs, a non-profit society of 44,000 riders and 59 snowmobile clubs in the province of British Columbia. This funding aims to support the BCSF club projects around the province, including warm-up shelter construction, trail development, trail signage, and trail grooming equipment.

Growing concern for a substantial rise in carbon emissions and greenhouse gases has enabled snowmobile manufacturers to take the initiative regarding the development of electric snowmobiles. For instance, in March 2023, Taiga Motors Corporation, an electric off-road vehicle manufacturer, unveiled a beta release of the Taiga OS software update, available over-the-air (OTA), for their long-distance electric snowmobile. The software with DC Fast Charging (DCFC) capabilities installed into existing battery hardware charges 0-80% battery within 30 minutes. This development promotes the ongoing enhancement and electrification of power sports. Moreover, the increasing consumer preference towards electric vehicles is poised to engage OEMs in developing and broadening their electric or battery-powered snowmobile portfolio, thereby creating several growth opportunities for the stakeholders over the forecast period.

Snowmobile Market Report Highlights

  • The mountain snowmobile vehicle segment is projected to register the fastest CAGR over the forecast period. Snowmobiling as a recreational activity and the growing tourism in mountainous regions is anticipated to drive the industry forward
  • Based on engine size, the 4-stroke engine segment is projected to grow at the fastest CAGR over the forecast period owing to the enhanced reliability and durability of the engine and better fuel efficiency, power, and reduced noise pollution. The advancement of technology leverages the potential of engines to meet the demand of riders along with environmental sustainability
  • Based on engine type, the above 900cc engine type segment is projected to register the fastest CAGR over the forecast period. The growth of this segment is attributed to the increasing winter sports activities in Nordic countries to promote the usage of snowmobiles
  • Based on the seating capacity, the utility segment is projected to grow at the fastest CAGR during the forecast period due to the change in customer preference regarding comfort and cost-effectiveness. The growing popularity of tourist spots for group or family tourism creates opportunities for multi-seater snowmobiles
  • Based on region, Europe is projected to register the fastest CAGR over the forecast period. This growth is attributed to the growing winter activities such as skiing, snowmobiling, and snowboarding, and manufacturers shifting towards zero-emission snowmobiles. This shift in the region has created an opportunity for automakers to develop and introduce new product portfolios
  • Prominent industry participants engage in collaborations, mergers, and acquisitions to enhance their market presence and expand their product portfolio

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definitions
  • 1.3. Information Procurement
  • 1.4. Information analysis
    • 1.4.1. Market formulation & data visualization
    • 1.4.2. Data validation & publishing
  • 1.5. Research Scope and Assumptions
  • 1.6. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Vehicle Type Segment Snapshot
  • 2.3. Engine Type Segment Snapshot
  • 2.4. Engine Size Segment Snapshot
  • 2.5. Seating Capacity Segment Snapshot

Chapter 3. Snowmobile Market Industry Outlook

  • 3.1. Penetration & Growth Prospects Mapping
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Market Analysis Tools
    • 3.4.1. Industry Analysis - Porter's Five Forces Analysis
    • 3.4.2. PEST Analysis

Chapter 4. Snowmobile Market: Vehicle Type Outlook

  • 4.1. Snowmobile Market Estimates & Forecasts, by Vehicle Type, 2022 & 2030 (Revenue, USD Million; Volume, Units)
      • . Trail
    • 4.2.1. Trail snowmobile market, 2018 - 2030
  • 4.3. Mountain
    • 4.3.1. Mountain snowmobile market, 2018 - 2030
  • 4.4. Crossover
    • 4.4.1. Crossover snowmobile market, 2018 - 2030
  • 4.5. Utility
    • 4.5.1. Utility snowmobile market, 2018 - 2030

Chapter 5. Snowmobile Market: Engine Type Outlook

  • 5.1. Snowmobile Market Estimates & Forecasts, by Engine Type, 2022 & 2030 (Revenue, USD Million; Volume, Units)
  • 5.2. 2-Stroke Engine
    • 5.2.1. 2-Stroke engine snowmobile market, 2018 - 2030
  • 5.3. 4-Stroke Engine
    • 5.3.1. 4-Stroke engine snowmobile market, 2018 - 2030

Chapter 6. Snowmobile Market: Engine Size Outlook

  • 6.1. Snowmobile Market Estimates & Forecasts, by Engine Size, 2022 & 2030 (Revenue, USD Million; Volume, Units)
  • 6.2. Below 500cc
    • 6.2.1. Below 500cc snowmobile market, 2018 - 2030
  • 6.3. 500cc to 900cc
    • 6.3.1. Below 500cc to 900cc snowmobile market, 2018 - 2030
  • 6.4. Above 900cc
    • 6.4.1. Above 900cc snowmobile market, 2018 - 2030

Chapter 7. Snowmobile Market: Seating Capacity Outlook

  • 7.1. Snowmobile Market Estimates & Forecasts, by Seating Capacity, 2022 & 2030 (Revenue, USD Million; Volume, Units)
  • 7.2. Single Seater
    • 7.2.1. Single seater snowmobile market, 2018 - 2030
  • 7.3. Multi Seater
    • 7.3.1. Multi-seater snowmobile market, 2018 - 2030

Chapter 8. Snowmobile Market: Regional Outlook

  • 8.1. Snowmobile Market Estimates & Forecasts, by Region, 2022 & 2030 (Revenue, USD Million; Volume, Units)
  • 8.2. North America
    • 8.2.1. North America snowmobile market, 2018 - 2030
    • 8.2.2. North America snowmobile market, by vehicle type, 2018 - 2030
    • 8.2.3. North America snowmobile market, by engine type, 2018 - 2030
    • 8.2.4. North America snowmobile market, by engine size, 2018 - 2030
    • 8.2.5. North America snowmobile market, by seating capacity, 2018 - 2030
    • 8.2.6. U.S.
      • 8.2.6.1. U.S. snowmobile market, 2018 - 2030
      • 8.2.6.2. U.S. snowmobile market, by vehicle type, 2018 - 2030
      • 8.2.6.3. U.S. snowmobile market, by engine type, 2018 - 2030
      • 8.2.6.4. U.S. snowmobile market, by engine size, 2018 - 2030
      • 8.2.6.5. U.S. snowmobile market, by seating capacity, 2018 - 2030
    • 8.2.7. Canada
      • 8.2.7.1. Canada snowmobile market, 2018 - 2030
      • 8.2.7.2. Canada snowmobile market, by vehicle type, 2018 - 2030
      • 8.2.7.3. Canada snowmobile market, by engine type, 2018 - 2030
      • 8.2.7.4. Canada snowmobile market, by engine size, 2018 - 2030
      • 8.2.7.5. Canada snowmobile market, by seating capacity, 2018 - 2030
  • 8.3. Europe
    • 8.3.1. Europe snowmobile market, 2018 - 2030
    • 8.3.2. Europe snowmobile market, by vehicle type, 2018 - 2030
    • 8.3.3. Europe snowmobile market, by engine type, 2018 - 2030
    • 8.3.4. Europe snowmobile market, by engine size, 2018 - 2030
    • 8.3.5. Europe snowmobile market, by seating capacity, 2018 - 2030
    • 8.3.6. UK
      • 8.3.6.1. UK snowmobile market, 2018 - 2030
      • 8.3.6.2. UK snowmobile market, by vehicle type, 2018 - 2030
      • 8.3.6.3. UK snowmobile market, by engine type, 2018 - 2030
      • 8.3.6.4. UK snowmobile market, by engine size, 2018 - 2030
      • 8.3.6.5. UK snowmobile market, by seating capacity, 2018 - 2030
    • 8.3.7. Germany
      • 8.3.7.1. Germany snowmobile market, 2018 - 2030
      • 8.3.7.2. Germany snowmobile market, by vehicle type, 2018 - 2030
      • 8.3.7.3. Germany snowmobile market, by engine type, 2018 - 2030
      • 8.3.7.4. Germany snowmobile market, by engine size, 2018 - 2030
      • 8.3.7.5. Germany snowmobile market, by seating capacity, 2018 - 2030
    • 8.3.8. Finland
      • 8.3.8.1. Finland snowmobile market, 2018 - 2030
      • 8.3.8.2. Finland snowmobile market, by vehicle type, 2018 - 2030
      • 8.3.8.3. Finland snowmobile market, by engine type, 2018 - 2030
      • 8.3.8.4. Finland snowmobile market, by engine size, 2018 - 2030
      • 8.3.8.5. Finland snowmobile market, by seating capacity, 2018 - 2030
    • 8.3.9. Sweden
      • 8.3.9.1. Sweden snowmobile market, 2018 - 2030
      • 8.3.9.2. Sweden snowmobile market, by vehicle type, 2018 - 2030
      • 8.3.9.3. Sweden snowmobile market, by engine type, 2018 - 2030
      • 8.3.9.4. Sweden snowmobile market, by engine size, 2018 - 2030
      • 8.3.9.5. Sweden snowmobile market, by seating capacity, 2018 - 2030
    • 8.3.10. Norway
      • 8.3.10.1. Norway snowmobile market, 2018 - 2030
      • 8.3.10.2. Norway snowmobile market, by vehicle type, 2018 - 2030
      • 8.3.10.3. Norway snowmobile market, by engine type, 2018 - 2030
      • 8.3.10.4. Norway snowmobile market, by engine size, 2018 - 2030
      • 8.3.10.5. Norway snowmobile market, by seating capacity, 2018 - 2030
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific snowmobile market, 2018 - 2030
    • 8.4.2. Asia Pacific snowmobile market, by vehicle type, 2018 - 2030
    • 8.4.3. Asia Pacific snowmobile market, by engine type, 2018 - 2030
    • 8.4.4. Asia Pacific snowmobile market, by engine size, 2018 - 2030
    • 8.4.5. Asia Pacific snowmobile market, by seating capacity, 2018 - 2030
    • 8.4.6. China
      • 8.4.6.1. China snowmobile market, 2018 - 2030
      • 8.4.6.2. China snowmobile market, by vehicle type, 2018 - 2030
      • 8.4.6.3. China snowmobile market, by engine type, 2018 - 2030
      • 8.4.6.4. China snowmobile market, by engine size, 2018 - 2030
      • 8.4.6.5. China snowmobile market, by seating capacity, 2018 - 2030
    • 8.4.7. India
      • 8.4.7.1. India snowmobile market, 2018 - 2030
      • 8.4.7.2. India snowmobile market, by vehicle type, 2018 - 2030
      • 8.4.7.3. India snowmobile market, by engine type, 2018 - 2030
      • 8.4.7.4. India snowmobile market, by engine size, 2018 - 2030
      • 8.4.7.5. India snowmobile market, by seating capacity, 2018 - 2030
    • 8.4.8. Japan
      • 8.4.8.1. Japan snowmobile market, 2018 - 2030
      • 8.4.8.2. Japan snowmobile market, by vehicle type, 2018 - 2030
      • 8.4.8.3. Japan snowmobile market, by engine type, 2018 - 2030
      • 8.4.8.4. Japan snowmobile market, by engine size, 2018 - 2030
      • 8.4.8.5. Japan snowmobile market, by seating capacity, 2018 - 2030
    • 8.4.9. South Korea
      • 8.4.9.1. South Korea snowmobile market, 2018 - 2030
      • 8.4.9.2. South Korea snowmobile market, by vehicle type, 2018 - 2030
      • 8.4.9.3. South Korea snowmobile market, by engine type, 2018 - 2030
      • 8.4.9.4. South Korea snowmobile market, by engine size, 2018 - 2030
      • 8.4.9.5. South Korea snowmobile market, by seating capacity, 2018 - 2030
  • 8.5. Latin America
    • 8.5.1. Latin America snowmobile market, 2018 - 2030
    • 8.5.2. Latin America snowmobile market, by vehicle type, 2018 - 2030
    • 8.5.3. Latin America snowmobile market, by engine type, 2018 - 2030
    • 8.5.4. Latin America snowmobile market, by engine size, 2018 - 2030
    • 8.5.5. Latin America snowmobile market, by seating capacity, 2018 - 2030
    • 8.5.6. Brazil
      • 8.5.6.1. Brazil snowmobile market, 2018 - 2030
      • 8.5.6.2. Brazil snowmobile market, by vehicle type, 2018 - 2030
      • 8.5.6.3. Brazil snowmobile market, by engine type, 2018 - 2030
      • 8.5.6.4. Brazil snowmobile market, by engine size, 2018 - 2030
      • 8.5.6.5. Brazil snowmobile market, by seating capacity, 2018 - 2030
    • 8.5.7. Mexico
      • 8.5.7.1. Mexico snowmobile market, 2018 - 2030
      • 8.5.7.2. Mexico snowmobile market, by vehicle type, 2018 - 2030
      • 8.5.7.3. Mexico snowmobile market, by engine type, 2018 - 2030
      • 8.5.7.4. Mexico snowmobile market, by engine size, 2018 - 2030
      • 8.5.7.5. Mexico snowmobile market, by seating capacity, 2018 - 2030
    • 8.5.8. Chile
      • 8.5.8.1. Chile snowmobile market, 2018 - 2030
      • 8.5.8.2. Chile snowmobile market, by vehicle type, 2018 - 2030
      • 8.5.8.3. Chile snowmobile market, by engine type, 2018 - 2030
      • 8.5.8.4. Chile snowmobile market, by engine size, 2018 - 2030
      • 8.5.8.5. Chile snowmobile market, by seating capacity, 2018 - 2030
    • 8.5.9. Argentina
      • 8.5.9.1. Argentina snowmobile market, 2018 - 2030
      • 8.5.9.2. Argentina snowmobile market, by vehicle type, 2018 - 2030
      • 8.5.9.3. Argentina snowmobile market, by engine type, 2018 - 2030
      • 8.5.9.4. Argentina snowmobile market, by engine size, 2018 - 2030
      • 8.5.9.5. Argentina snowmobile market, by seating capacity, 2018 - 2030
  • 8.6. Middle East & Africa
    • 8.6.1. Middle East & Africa snowmobile market, 2018 - 2030
    • 8.6.2. Middle East & Africa snowmobile market, by vehicle type, 2018 - 2030
    • 8.6.3. Middle East & Africa snowmobile market, by engine type, 2018 - 2030
    • 8.6.4. Middle East & Africa snowmobile market, by engine size, 2018 - 2030
    • 8.6.5. Middle East & Africa snowmobile market, by seating capacity, 2018 - 2030

Chapter 9. Competitive Landscape

  • 9.1. Company Categorization (Mature Players, Emerging Players)
  • 9.2. Company Market Share Analysis, 2022
  • 9.3. Company Heat Map Analysis
  • 9.4. Strategy Mapping
  • 9.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
    • 9.5.1. Arctic Cat Inc.
    • 9.5.2. Polaris Inc.
    • 9.5.3. Bombardier Recreational Products Inc.
    • 9.5.4. Yamaha Motor Co., Ltd.
    • 9.5.5. Alpina Snowmobiles
    • 9.5.6. Deere & Company
    • 9.5.7. TAIGA MOTORS INC.
    • 9.5.8. Crazy Mountain
    • 9.5.9. Moto MST
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