- The key vendors in the Snow Chain Market in the US 2015-2019 are Peerless Industrial Group, pewag Inc., RUD Chain Inc. and Thule Group
London, 25 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Snow Chain Market in the US 2015-2019. Providing maximum traction to tires during extreme weather conditions such as snow and ice snow chains are expected to undergo many innovations. New products with advanced features are entering the market. For instance, certain patented snow chains are providing immense traction and lateral control on snow-covered roads (at up to 25 mph). Consumers are also showing their preference for automatic and customized snow chains as they perform consistently at the expected level and also last longer. The overall market is expected to grow at a CAGR of 14.65 percent during the forecast period of 2014-2019.
The use of snow chains becomes necessary in the US when roads are snowy or icy, and winter tires no longer provide sufficient grip. In certain states of the US, the use of snow chains is mandatory during a particular season.
“The Snow Chain market in the US has been witnessing a rapid pace of innovation. Patented snow chains (such as ROTOGRIP, RUD’s Automatic Snow Chain) provide immense traction and lateral control on snow-covered roads,” says Faisal Ghaus, Vice President of TechNavio Research.
“In addition, snow chains with reflective Night Vision Security System features have been developed to improve visibility during low-visibility conditions.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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