PUBLISHER: Market Research Future | PRODUCT CODE: 1744412
PUBLISHER: Market Research Future | PRODUCT CODE: 1744412
Global Automotive Snow Chain Market Research Report By Chain Type (Studded Snow Chains, Non-Studded Snow Chains, Cable Snow Chains, Ladder Snow Chains), By Vehicle Type (Passenger Cars, SUVs, Trucks, Vans, Motorcycles), By Size (Small (up to 15 inches), Medium (15-18 inches), Large (over 18 inches), Custom), By Material (Steel, Alloy Steel, Manganese Alloy Steel, Composite), and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) Forecast till 2035
The Automotive Snow Chain market is anticipated to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 5.48%. The market was estimated to be worth USD 1,680.0 Million in 2024 and is anticipated to reach a value of USD 3,020.0 Million by the conclusion of the forecast period (2025-2035).
The growing awareness of the significance of vehicle traction, the increasing adoption of winter tires, and the escalating safety concerns during inclement weather conditions are the primary market drivers for automotive snow chains. Furthermore, the market demand is being further stimulated by the expansion of the automotive industry in frigid regions, including North America, Europe, and certain parts of Asia.
The development of sophisticated snow chain technologies, including self-tensioning systems and innovative materials, presents opportunities for exploration and capture in order to improve performance and convenience. The market has exhibited a recent trend of increasing adoption of automatic snow chain installation systems to facilitate and enhance the user experience, as well as a shift toward lightweight and compact snow chains.
Market segment insights
The automotive snow chain market is divided into four categories: Studded Snow Chains, Non-Studded Snow Chains, Cable Snow Chains, and Ladder Snow Chains.
The global market has been categorized into Passenger Cars, Commercial Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, and Motorcycles depending on the type of vehicle.
The automotive snow chain market is divided into four size categories: small (up to 15 inches), medium (15-18 inches), large (over 18 inches), and custom. In 2023, the medium segment is anticipated to account for the largest market share, with a revenue of 600 million USD.
The global Automotive Snow Chain market has been segmented into Steel, Alloy Steel, and Polymer based on the material.
Regional Perspectives
The North American automotive snow chain market is primarily propelled by stringent safety regulations and harsh winter conditions that are enforced in many regions of the region. The northern states of the United States and the majority of Canada endure prolonged and severe winters that are marked by icy road conditions and heavy precipitation. Automotive snow chains are indispensable in these regions to guarantee road safety and preserve vehicle traction.
Due to the region's stringent regulations regarding winter road safety and its diverse climatic conditions, Europe is a substantial market for automotive snow chains. The use of snow chains is necessary to ensure secure driving in northern and mountainous regions, such as the Alps and Scandinavia, where harsh winters are characterized by heavy snowfall and icy conditions.
The Asia-Pacific region is fast becoming a lucrative market for automotive snow chains, because of the increasing number of vehicles and the growing awareness of road safety during winter conditions.
Significant Organizations
Thule Group, Peerless Chain, UltraGrip, SP, Peerless Industrial Group, Snow Chains Inc, Pewag, RUD, J.C. Whitney, Security Chain, Grip, MAG Chain, Traction Safety Products, and TCI Tire Wheel are the primary players in the global Automotive Snow Chain market.