Global electric snowmobile
market is anticipated to register robust growth with a significant CAGR in the
forecast period, 2023-2027. Electric snowmobile refers to a recreational
vehicle that is used particularly in ice or snow. It has the seating capacity
for generally one or two people and has steerable skis on the front end and
endless belt at the rear end. Electric snowmobile is utilized to carry out
number of activities such as sports, patrolling, winter rescue work, providing
winter transportation for professional conservationists. The market growth can
majorly be attributed to the rising preferences for recreational activities,
especially among young population. High personal disposable income of the
population is enabling them to spend money in recreational activities for
adventurous experiences, which is creating a high demand for electric snowmobiles.
In addition, several leading manufacturers are now introducing eco-friendly and
efficient solution for commuting such as e-snow bikes with new added features
such as increased diving range, and ease of navigation, which is supporting the
market growth.
Surge in Adventure Sports and
Winter Tourism Facilitates the Market Growth
With the increased per capita
income, consumers are not only fulfilling their essential needs, but are
looking forward to availing premium good and services. This is resulting in the
rise of winter tourism where people opt for recreational activities such as
snow-biking. Moreover, to support this, the government of several countries are
promoting winter sports by encouraging and supporting the development of winter
sport facilities and recreational snowmobiling. Moreover, the new variants of electric
snowmobile coming with increased efficiency such as in-vehicle attached tracks
that facilitates easy movement of electric snowmobiles over hard and uneven ice
surfaces is increasing user’s reliability and trust over the product, hence
contributing to the growth of global electric snowmobile market.
Technological Advancements
and Rising Product Adoption for Rescue Operation Fuels the Market Growth
The increasing application of
electric snowmobile in patrolling and rescue operations carried out across the
several countries is strengthening the market for electric snowmobiles.
Furthermore, the rapid technological advancement in electric snowmobile is
leading to increased product adoption. Moreover, electric snowmobiles are easy
to use for navigation because they function at a high speed and the user using
the electric snowmobile does not require any specific training or license for
operating it. This will eventually result in an increased deployment of
electric snowmobiles for navigation purpose. As a result, the global market for
electric snowmobiles is anticipated to grow at a rapid pace in the coming
years.
Download Free Sample Report
Market Segmentation
The global electric
snowmobile market is segmented by region,
divided among North America, Europe, Asia Pacific, Middle east and Africa,
South America. The United States is anticipated to hold a considerable market
share in the coming years due to the growing inclination towards recreational
activities on the account of rising disposable income of the consumers in the
country.
Company Profile
Taiga Motors is the major leader
contributing to the growth of global electric snowmobile market.
|
Attribute
|
Details
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Regional scope
|
North
America, Europe, Asia Pacific, Middle East and Africa, South America
|
|
Key companies profiled
|
Taiga Motors
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, global electric
snowmobile market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Electric snowmobile Market, By
Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in global electric snowmobile market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global Electric snowmobile Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]