Snow Chain

Snow Chain

Global Snow Chains Market to Reach $233.2 Million by 2027

In the changed post COVID-19 business landscape, the global market for Snow Chains estimated at US$196.5 Million in the year 2020, is projected to reach a revised size of US$233.2 Million by 2027, growing at aCAGR of 2.5% over the period 2020-2027. Metal, one of the segments analyzed in the report, is projected to record 2.2% CAGR and reach US$184.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Metal segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $53.7 Million, While China is Forecast to Grow at 4.1% CAGR

The Snow Chains market in the U.S. is estimated at US$53.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.1 Million by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

Select Competitors (Total 43 Featured) -

• APV Safety Products
• Autoliv, Inc.
• BABAC
• Laclede Chain Manufacturing Company,
• Peerless Industrial Group, Inc.
• Pewag International GmbH
• Trygg Nosted Kjetting AS

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