What is Global Passenger Vehicles Snow Chain Market?
The Global Passenger Vehicles Snow Chain Market is a comprehensive study of the global market trends and growth prospects for passenger vehicle snow chains. These chains are essential accessories for vehicles, especially in regions with heavy snowfall. They provide the necessary traction to the tires, preventing the vehicle from skidding on icy or snowy roads. The market encompasses various types of snow chains, including those made from metal and non-metal materials, and caters to different vehicle sizes. The market's value was estimated at US$ 150.4 million in 2023, and it is projected to reach US$ 178.3 million by 2030. This growth is attributed to the increasing demand for safe and efficient driving solutions in snowy conditions.
Nonmetal Snow Chain, Metal Snow Chain in the Global Passenger Vehicles Snow Chain Market:
The Global Passenger Vehicles Snow Chain Market is segmented into Nonmetal Snow Chain and Metal Snow Chain. Nonmetal snow chains are typically made from high-strength textiles or synthetic materials. They are lightweight, easy to install, and cause less damage to the road surface. However, they may not provide the same level of traction as metal chains and may wear out faster. On the other hand, metal snow chains are made from durable materials like steel. They offer excellent traction and durability, but they can be heavier and more challenging to install. Both types have their advantages and are chosen based on the user's specific needs and the vehicle's compatibility.
R14-17, R17-20 in the Global Passenger Vehicles Snow Chain Market:
The usage of snow chains in the Global Passenger Vehicles Snow Chain Market is categorized based on the tire size, specifically R14-17 and R17-20. Snow chains for R14-17 tires are typically used in smaller passenger vehicles. They are designed to fit snugly on these tires, providing the necessary traction without causing damage. For larger vehicles with R17-20 tires, larger and more robust snow chains are required. These chains are designed to withstand the increased weight and pressure of larger vehicles, ensuring safe and efficient driving in snowy conditions. The choice of snow chain depends on the vehicle's tire size and the user's specific needs.
Global Passenger Vehicles Snow Chain Market Outlook:
Looking at the market outlook, the Global Passenger Vehicles Snow Chain Market was valued at US$ 150.4 million in 2023. It is expected to grow steadily and reach a value of US$ 178.3 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for snow chains in regions with heavy snowfall and the growing awareness about road safety in snowy conditions. The market's growth is also supported by technological advancements in snow chain design and materials, offering more efficient and durable solutions for drivers.
| Report Metric | Details |
| Report Name | Passenger Vehicles Snow Chain Market |
| Accounted market size in 2023 | US$ 150.4 million |
| Forecasted market size in 2030 | US$ 178.3 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Pewag Group, Rud, TRYGG(Nosted), Peerless(KITO), Maggi Group Spa, Ottinger, Laclede Chain, Gowin, ATLI Industry, Lianyi |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
