Snowmobiles

Global Snowmobiles Market to Reach US$2.1 Billion by 2030

The global market for Snowmobiles estimated at US$1.8 Billion in the year 2024, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2024-2030. Entry Level Snowmobile, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$670.3 Million by the end of the analysis period. Growth in the Mountain Snowmobile segment is estimated at 2.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$486.8 Million While China is Forecast to Grow at 2.3% CAGR

The Snowmobiles market in the U.S. is estimated at US$486.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.3 Million by the year 2030 trailing a CAGR of 2.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 1.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global Snowmobile Market - Key Trends and Drivers Summarized

The snowmobile industry is experiencing significant growth driven by a variety of factors that span recreational activities, technological advancements, and changing consumer preferences. A primary driver of this growth is the increasing popularity of outdoor recreational activities among all age groups, particularly in regions with long winter seasons. As people seek new and exciting ways to enjoy the outdoors, snowmobiling offers a unique blend of adventure, accessibility, and fun, making it a preferred choice for winter sports enthusiasts. Additionally, the rise in international tourism has also spurred demand, with tourists eager to explore snow-laden landscapes via snowmobiles, thereby boosting the market for both rentals and sales.

Technological advancements in snowmobile design and functionality are also playing a crucial role in propelling the industry forward. Modern snowmobiles are being equipped with enhanced features such as improved fuel efficiency, better emissions standards, and increased safety measures, which appeal to environmentally conscious consumers and adhere to stricter environmental regulations. Furthermore, manufacturers are incorporating advanced materials that reduce the overall weight of the vehicles, thereby improving performance and maneuverability. Innovations such as  electric snowmobiles are beginning to take hold in the market, offering quieter, cleaner alternatives to traditional models, which aligns well with the growing trend towards sustainability in vehicle design.

The market dynamics of the snowmobile industry are further influenced by the expansion of trail networks and enhanced accessibility to remote areas. Governments and local entities in many snowy regions are investing in the development and maintenance of snowmobile trails, which not only improves the safety and enjoyment of the sport but also significantly boosts local economies through tourism. Seasonal events and snowmobile competitions are increasingly being promoted to attract enthusiasts and boost community engagement, further driving the popularity of snowmobiling. With these trends, the snowmobile industry is set to continue its upward trajectory, supported by innovation, expanding infrastructure, and a robust demand for outdoor recreational activities.

SCOPE OF STUDY:

The report analyzes the Snowmobiles market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Entry Level Snowmobile, Mountain Snowmobile, Utility Snowmobile, Crossover Snowmobile, Touring Snowmobile, Trail Performance Snowmobile); Engine Capacity Type (Below 500 CC, 500 CC - 800 CC, 800 CC & Above)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 149 Featured) -

• Arctic Cat Inc.
• Bergstrom Skegs, Inc.
• Bombardier Recreational Products Inc.,
• engrosservice
• Fast-Trac Industries Inc
• FUSHING BROTHERS and CO.
• Moto Concept Inc.
• Moto-Ski Limited
• Ningbo Chariot Industry Trade Company Limited
• O`Reilly Auto Parts

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.