PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1107773
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1107773
Automotive Snow Chain Market Forecasts to 2028 - Global Analysis By Material, Type, End User (Agricultural Vehicles, All Terrain Vehicle, Passenger Car, Commercial Vehicles), and By Geography
According to Stratistics MRC, the Global Automotive Snow Chain Market is accounted for $2.69 billion in 2022 and is expected to reach $4.17 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Automotive snow chain includes the external attachments to the vehicle tires that enhance the traction of the vehicles when navigating through snow or ice. Snow chains have features that help them to perform efficiently in certain weather and geography. These are available in a wide variety of materials such as steel, polyurethane, fabric and rubber, each offering very specific properties such as high affordability, driving smoothness, traction, ease of installation, durability, maximum travel speeds and robustness. The snow chain enhances the traction and braking ability while driving a vehicle on the snow or ice however it also reduces the fuel efficiency of the vehicle, since it reduces speed of the vehicle around 40-50 km/h.
The Americas, in the context of automotive chains, mostly consists of the US and Canada, as per the research study. Out of an estimated 20 million unit shipments of tires in 2015, Canada recorded a sale of 35% of winter tires, signifying the urgency and need for snow implements. The US, on the other hand, had a much larger overall tire economy and recorded 3.6% of its total tire sales as winter tires in 2015. In addition, Sport utility vehicle accounted for 36.4%, or 29.22 million units, of the total vehicles sold globally in 2018. In terms of volume, the SUV segment expanded by 6.8% or almost 1.9 million units, as compared to 27.88 million units of SUVs sold the previous year. Therefore, research and development in automotive chains, which are light weight, low cost, and possess longer life, is boosting the sales of automotive snow chains market.
Market Dynamics:
Driver:
Growing demand for good-quality chains
Low-budget automotive snow chains are obtainable in the market and are being placed on tires. Though, these snow chains do not withstand the pressure in rough conditions, and they break. Therefore, people are very keen to buy a low-budget snow chain that does not compromise on quality. However, snow chains made in the Americas and Europe are available, nearly 90% of the tire chains offered in North America are manufactured in China. Tire chains manufactured using an alloy grade steel, especially suited for snow chain products, will cost the contractor more than a garden-variety tire chain found in the marketplace. Snow professionals around the world believe that quality, not the low price, is the key to productivity and profitability when it comes to choosing their tire chain.
Restraint:
Varying regulations by country and states creates a major hurdle for market players
Most states in the U.S. have altering regulations for the exploitation of these tire enhancements. There are a few states such as Hawaii, Florida, New Hampshire, Washington, D.C., and Vermont who has no restrictions on their use. Some countries such as Germany, France, Hungary, and the Netherlands have forbidden the usage of studded tires. A few countries have regulations permitting their use only during certain months of the year. This is anticipated to be a major growth barrier for the industry. Usage of metal studded enhancements causes substantial damage to the roads as well as vehicles. Speed limitations and excessive efforts to tow the vehicle in case of breakdown are some other challenges that may hinder the industry growth prospects.
Opportunity:
Increasing demand for automatic snow chains
Increasing demand for automatic snow chain systems present considerable growth opportunities that allows the user to install snow chains by flipping a switch from inside the automotive that activates solenoid, which influences the positioning of these to contact the tire. Due to the continuous movement of the vehicle, the material covers the entirety of the tires to provide traction. Along with time saving, this equipment also enhances the costs savings through low maintenance in conjunction with advanced safety of the user in weather extremities, is projected to garner large consumer inclination towards adoption of these systems.
Threat:
Causes substantial damages and other alternatives challenging the market
Using automotive snow chains on naked pavement can cause substantial damage to the tires and the road itself. If turn onto a road that's obviously been plowed and salted, pull over and remove the chains. It always pays to be careful when driving in freezing conditions, but snow chains require a whole new level of attention and care. Alternatives include studded tires, which are snow tires with metal studs individually mounted into holes in the treads; emergency traction devices which may be similar to snow tire chains but mount around the tire through openings in the rim; and snow socks, which are fabric rather than chain or cable. These allow higher operating speeds and don't require the operator to install them (studs), but snow chains generally give the best traction in severe conditions.
The dichotomanthes chain segment is expected to be the largest during the forecast period
The dichotomanthes chain segment is estimated to have a lucrative growth during the forecast period. Dichotomanthes chain is a type of automotive snow chain which is made up of two parts- the body and the cross chains. The body is generally made up of rubber or plastic, while the cross chains are made up of metal. These chains are available in different sizes, depending on the tire size of the vehicle. Dichotomanthes Chain is easy to install and remove, and does not require any special tools. It is also one of the most affordable types of automotive snow chains.
The commercial vehicles segment is expected to have the highest CAGR during the forecast period
The commercial vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period, as sow chains are particularly important for vehicles that carry heavy loads and have a higher risk of causing accidents on slippery surfaces. The automotive snow chains are used in commercial vehicles for the purpose of providing traction on slippery surfaces. They are used to provide a safe and stable platform for the vehicle to operate on. Automotive snow chains in commercial vehicles can be made from various materials, such as rubber, iron, or even plastic. They come in different sizes and shapes, depending on the needs of the user.
Region with highest share:
Europe is projected to hold the largest market share during the forecast period owing to the rising tourism in the snow clamped area such as Switzerland, Greenland. The Russia and other few European countries are likely to have prominent growth rate, because these countries have the very low temperature and they face excessive snowfall during the winter and snow chain helps enhance vehicle traction ability.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period due to the presence of a large number of automobile manufacturers and suppliers in this region that are manufacturing passenger cars as well as commercial vehicles and outsized vehicle fleet and heavy snowfall in the winter season. Canada witnesses some of the largest volumes of snow fall in the world where the regions like Winnipeg, Alberta, and Saskatoon have the high demand for winter implements such as winter tires and snow chains.
Key players in the market
Some of the key players profiled in the Automotive Snow Chain Market include Pewag, APV Safety Products, Michelin Lifestyle Limited, Lianyi Rubber Components, RUD Chain, Autoliv, BABAC Tire Chains, Peerless Industrial Group, Thule Group (Thule Snow Chains), Maggi Group, Hangzhou Felice chain, Moose Utility Division, Laclede Chain Manufacturing Company, Spikes Spider, Trygg, and Ottinger.
Key Developments:
In June 2017, Michelin Lifestyle Limited introduced Michelin Easy Grip - a next generation composite product that provides enhanced performance and is featured with lesser installation and removal time. The product features also include quieter driving with no damage to the road surfaces. Certain vendors have introduced reflective light vision in these products to provide better visibility in the snowy and dark weather conditions.
Materials Covered:
- Polyurethane
- Fabric/Cloth
- Steel
- Rubber
Types Covered:
- Iron Chain
- Dichotomanthes Chain
End Users Covered:
- Agricultural Vehicles
- All Terrain Vehicle (ATV)
- Passenger Car
- Commercial Vehicles
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Automotive Snow Chain Market, By Material
- 5.1 Introduction
- 5.2 Polyurethane
- 5.3 Fabric/Cloth
- 5.4 Steel
- 5.5 Rubber
6 Global Automotive Snow Chain Market, By Type
- 6.1 Introduction
- 6.2 Iron Chain
- 6.3 Dichotomanthes Chain
7 Global Automotive Snow Chain Market, By End User
- 7.1 Introduction
- 7.2 Agricultural Vehicles
- 7.3 All Terrain Vehicle (ATV)
- 7.4 Passenger Car
- 7.5 Commercial Vehicles
- 7.5.1 Heavy Commercial Vehicle (HCV)
- 7.5.2 Light Commercial Vehicle (LCV)
8 Global Automotive Snow Chain Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Pewag
- 10.2 APV Safety Products
- 10.3 Michelin Lifestyle Limited
- 10.4 Lianyi Rubber Components
- 10.5 RUD Chain
- 10.6 Autoliv
- 10.7 BABAC Tire Chains
- 10.8 Peerless Industrial Group
- 10.9 Thule Group (Thule Snow Chains)
- 10.10 Maggi Group
- 10.11 Hangzhou Felice chain
- 10.12 Moose Utility Division
- 10.13 Laclede Chain Manufacturing Company
- 10.14 Spikes Spider
- 10.15 Trygg
- 10.16 Ottinger
List of Tables
- Table 1 Global Automotive Snow Chain Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 3 Global Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 4 Global Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 5 Global Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 6 Global Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 7 Global Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 8 Global Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 9 Global Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 10 Global Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 11 Global Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 12 Global Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 13 Global Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 14 Global Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 15 Global Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 16 Global Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
- Table 17 North America Automotive Snow Chain Market Outlook, By Country (2020-2028) ($MN)
- Table 18 North America Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 19 North America Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 20 North America Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 21 North America Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 22 North America Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 23 North America Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 24 North America Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 25 North America Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 26 North America Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 27 North America Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 28 North America Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 29 North America Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 30 North America Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 31 North America Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 32 North America Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
- Table 33 Europe Automotive Snow Chain Market Outlook, By Country (2020-2028) ($MN)
- Table 34 Europe Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 35 Europe Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 36 Europe Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 37 Europe Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 38 Europe Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 39 Europe Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 40 Europe Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 41 Europe Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 42 Europe Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 43 Europe Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 44 Europe Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 45 Europe Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 46 Europe Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 47 Europe Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 48 Europe Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
- Table 49 Asia Pacific Automotive Snow Chain Market Outlook, By Country (2020-2028) ($MN)
- Table 50 Asia Pacific Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 51 Asia Pacific Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 52 Asia Pacific Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 53 Asia Pacific Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 54 Asia Pacific Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 55 Asia Pacific Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 56 Asia Pacific Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 57 Asia Pacific Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 58 Asia Pacific Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 59 Asia Pacific Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 60 Asia Pacific Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 61 Asia Pacific Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 62 Asia Pacific Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 63 Asia Pacific Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 64 Asia Pacific Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
- Table 65 South America Automotive Snow Chain Market Outlook, By Country (2020-2028) ($MN)
- Table 66 South America Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 67 South America Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 68 South America Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 69 South America Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 70 South America Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 71 South America Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 72 South America Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 73 South America Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 74 South America Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 75 South America Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 76 South America Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 77 South America Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 78 South America Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 79 South America Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 80 South America Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
- Table 81 Middle East & Africa Automotive Snow Chain Market Outlook, By Country (2020-2028) ($MN)
- Table 82 Middle East & Africa Automotive Snow Chain Market Outlook, By Material (2020-2028) ($MN)
- Table 83 Middle East & Africa Automotive Snow Chain Market Outlook, By Polyurethane (2020-2028) ($MN)
- Table 84 Middle East & Africa Automotive Snow Chain Market Outlook, By Fabric/Cloth (2020-2028) ($MN)
- Table 85 Middle East & Africa Automotive Snow Chain Market Outlook, By Steel (2020-2028) ($MN)
- Table 86 Middle East & Africa Automotive Snow Chain Market Outlook, By Rubber (2020-2028) ($MN)
- Table 87 Middle East & Africa Automotive Snow Chain Market Outlook, By Type (2020-2028) ($MN)
- Table 88 Middle East & Africa Automotive Snow Chain Market Outlook, By Iron Chain (2020-2028) ($MN)
- Table 89 Middle East & Africa Automotive Snow Chain Market Outlook, By Dichotomanthes Chain (2020-2028) ($MN)
- Table 90 Middle East & Africa Automotive Snow Chain Market Outlook, By End User (2020-2028) ($MN)
- Table 91 Middle East & Africa Automotive Snow Chain Market Outlook, By Agricultural Vehicles (2020-2028) ($MN)
- Table 92 Middle East & Africa Automotive Snow Chain Market Outlook, By All Terrain Vehicle (ATV) (2020-2028) ($MN)
- Table 93 Middle East & Africa Automotive Snow Chain Market Outlook, By Passenger Car (2020-2028) ($MN)
- Table 94 Middle East & Africa Automotive Snow Chain Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
- Table 95 Middle East & Africa Automotive Snow Chain Market Outlook, By Heavy Commercial Vehicle (HCV) (2020-2028) ($MN)
- Table 96 Middle East & Africa Automotive Snow Chain Market Outlook, By Light Commercial Vehicle (LCV) (2020-2028) ($MN)
