PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120738
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120738
The Global Automotive Snow Chains Market was valued around USD 320.4 million in 2021, expanding at a CAGR of 5.5% during the forecast period of 2022-2028.
Automotive Snow Chains are devices that are attached to a vehicle's tyres to provide grip on snow-covered or icy ground. Tyre chains, snow stockings, and winter tyres are other names for them. Snow chains may be manufactured out of a variety of materials, including metals like steel and iron, as well as rubber and plastic.
The automatic snow chain system allows the operator to attach snow chains by turning a switch from within the vehicle, which triggers a solenoid, influencing the placement of these to contact the tyre. Because of the vehicle's constant movement, the substance covers the whole tyre to give traction. Along with saving time, these systems are expected to increase cost savings through minimal maintenance in conjunction with increased user safety in weather extremes, resulting in a strong customer preference for the adoption of these systems.
Snowfall volumes in Canada have been among the highest in the globe, particularly in Winnipeg, Saskatoon, and Alberta. As a result, the country is positioned as a very profitable market for car snow chains. Over the projection period, North America and Europe are likely to stay the primary players in market products.
Low-cost snow chains are also available and are being installed on tyres. However, in harsh conditions, these snow chains fail to bear the pressure and shatter. As a result, individuals are eager to get a low-cost snow chain that does not sacrifice quality. While snow chains built in the Americas and Europe are available, over 90% of tyre chains sold in North America are fabricated in China.
Automotive Snow Chains Market is segmented on the basis of Product Type, Application, and Region.
On the basis of Type, the market is segmented into Dichotomanthes Chain, Rubber Chain, Iron Chain, and Other.
The Dichotomanthes Chain is a type of automobile snow chain that consists of two parts: the body and the cross chains. The body is often constructed of rubber or plastic, but the cross chains are metal. Dichotomanthes Chains come in a variety of sizes, depending on the tyre size of the vehicle. Dichotomanthes Chain is simple to install and remove, and no special tools are required. It is also one of the least expensive forms of car snow chains.
A rubber chain is a type of rubber snow chain used on automobiles. It is intended to enhance traction and grip on ice or snow-covered roadways. Rubber chains are often seen in passenger vehicles like automobiles and SUVs. They are also applicable to commercial vehicles such as buses and trucks.
On the basis of Application, the market is segmented into Commercial Vehicles and Passenger Vehicles.
Automotive Snow Chains are used in commercial vehicles to provide traction on slick areas. They also provide a secure and solid base for the vehicle to function on. Automotive Snow Chains may be composed of a variety of materials, including rubber, iron, and even plastic. They come in a variety of sizes and forms to meet the demands of the user.
In June 2017, Michelin Lifestyle Limited introduced a next-generation composite product named "Michelin Easy Grip" with improved performance and a faster installation process. Associated benefits of the product include quieter driving and minimal harm to road surfaces. Certain suppliers have used reflecting light vision in their goods to improve visibility in snowy and dark circumstances. In order to compete in this highly competitive business, players in this market are continually working on R&D to offer advanced goods.
The scope of this report covers the market by its major segments, which include as follows: