Research and Markets (http://www.researchandmarkets.com/research/qwpd9k/global_snowmobile) has announced the addition of the "Global Snowmobile Market 2012-2016" report to their offering.
The analysts forecast the Global Snowmobile market to grow at a CAGR of 3.57 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased popularity of outdoor recreational activities. The Global Snowmobile market has also been witnessing the increasing demand for snowmobiles with high engine capacity. However, the high cost of snowmobiles could pose a challenge to the growth of this market.
The key vendors dominating this market space are BPR Inc. Polaris Industries Inc. Arctic Cat Inc., and Yamaha Motor Co. Ltd.
Other vendors mentioned in the report are AD Boivin Inc., Aktiv Maskin Östersund AB, Alpina S.R.L., Ockelbo Snowmobiles Co., Russkaya Mekhanika Co., TeamFAST.com Inc., Wuxi Newplan Plastic Co. Ltd., XRAN International (UK) Ltd., and Zhejiang Lianmei Industrial Co. Ltd.
Commenting on the report, an analyst from the 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.
For more information visit http://www.researchandmarkets.com/research/qwpd9k/global_snowmobile
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