TechNavio recognizes the following companies as the key players in the Global Snowmobile Market: Bombardier Recreational Products Inc., Polaris Industries Inc., and Yamaha Motor Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-snowmobile-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Snowmobile Market 2012-2016
