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(Transportation-News.com, January 01, 2019 )
Stratview Research has published a new research report on Snowmobile Market. This extensive report by Stratview Research analyses the growth of Snowmobile Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021 under the following segments -
• By Vehicle Type (Mountain, Crossover, Cross Country, Utility, Touring, Others)
• By Displacement Type (800CC)
• By Cylinder Type (One Cylinder, Two Cylinders, Three Cylinders)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/117/snowmobile-market.html
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Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/117/snowmobile-market.html
Utility snowmobile is likely to witness the fastest growth
The global snowmobile market has an impressive history of more than six decades. During 1960’s, the snowmobile market gained popularity as a recreational vehicle in North America which led to the entry of more than hundred players in the market. They started competing with each other to gain the market share. Over a period of time, only four major players survived the competition and today, they remain as the key players, serving the global market. All the players have an excellent geographical presence serving North American as well as international market.
The snowmobile market offers a moderate growth opportunity and is likely to witness 3.5% CAGR during the forecast period of 2016 to 2021. Mountain and cross over are the most dominant snowmobile types and together, they accounted for more than 50% of the global snowmobiles market in 2015. Both the snowmobile types are likely to remain the largest types during the forecast period. Utility snowmobile is likely to witness the fastest growth in the next five years.
Top market players
The supply chain of this market comprises raw material suppliers, component manufacturers, snowmobile manufacturers, and distributors. The global snowmobiles market is consolidated with presence of global as well as regional players. The key snowmobile manufacturers are BRP Inc., Artic Cat, Polaris Industries, and Yahama Motors. Development of high displacement engine in the range of 1,000CC to 1,200 CC, in-house key component manufacturing, and presence in the key markets are the key strategies adopted by the key players to gain competitive edge in the market.
About Stratview Research
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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