This global market research report includes a detailed segmentation of the snow blower market by product type (gas-powered, electric-powered, and battery-powered) and by geography (North America, Europe, and Japan). The key vendors analyzed in this market study are Honda, Husqvarna, Sears Brands, Snow Joe, and Toro.
Technavio’s market research analysts estimate the global snow blower market, to grow at a CAGR of 5% between 2016 and 2020. The widespread availability of snow blowers that are light, quiet, and create no exhaust emissions is a significant factor that incites market growth during the predicted period. North America is the largest market for snow blowers, accounting for 44% of the overall market share. The rise in the household disposable income and an increase in snowfall are the two primary drivers of this market’s growth in the region.
The new market research report from Technavio provides a breakdown and analysis of the snow blower segments by technology.
“The advent of battery-powered snow blowers is one of the key trends gaining traction in this market. These blowers have no cords, are lightweight, require less maintenance and are less noisy. Some of the popular models available in the market are Ariens AMP 24 Sno-Thro, Snow Joe iON18SB, and Ryobi RY40811,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Gas-powered snow blower segment is the largest segment of this market, covering around 55% of the overall market share. This segment consists of single-stage, two-stage, and three-stage snow blowers, which can be extensively used in the residential segment. The high popularity of single-stage and two-stage gas-powered snow blowers in the residential segment is a significant factor that results in this segment’s impressive market share of nearly 53% by 2020.
The leading vendors in the global snow blower market include Honda, Husqvarna, Sears Brands, Snow Joe, and Toro. Tis market is highly fragmented due to the presence of numerous small and large vendors. The players in this market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion to gain a competitive edge over their rivals. This intense competition is expected to lead to an increase in the number of M&A, wherein smaller entities are acquired by, or are being merged with, major players.
A more detailed analysis is available in the Technavio report, Global Snow Blower Market 2016-2020.
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