Snow Chain Market Size, Share, and Industry Analysis By Application (Passenger Cars, Commercial Vehicles, and Others), By Type (Metal Snow Chain and Nonmetal Snow Chain), and Regional Forecast till 2032

Region : Global | Report ID: FBI113227 | Status : Ongoing

KEY MARKET INSIGHTS

The global snow chain market is growing due to winter safety regulations and technological innovations. Based on the information from the U.S. Department of Transportation, 11 states require drivers to use snow chains on certain highways. The Census Bureau’s data shows the sales of 920,000 units every year, indicating a high market demand. Asia has registered a rise, with 28 companies earning official certification according to the country’s Ministry of Industry and Information Technology, while snow chain use is required by 22 EU countries per the ruling of the European Commission. The Federal Highway Administration provides records showing almost 680 instances a year where drivers are ticketed for not using snow chains. While winter tourism brings profitable gains to the market, it is also challenged by the changing rules across different rules set by the U.S. DOT and unpredictable changes in the amount of snow.

Snow Chain Market Driver

Government Regulations Across Regions Drive Consistent Demand for Snow Chains

Information from USA Department of Transportation (USDOT) shows that 11 states require snow chains, which increases snow chain sales. Based on the U.S. Census Bureau, 920,000 retail sales are reported each year, whereas the Federal Motor Carrier Safety Administration expresses that 320 highway patrol cars are equipped with snow chains. The European Commission assesses that 22 countries in Europe must have chain laws in place. Networking throughout the country, the National Highway Traffic Safety Administration points out chains as necessary to help keep people safe. Due to these measures and more than 420 less accidents tied to chains from U.S. Bureau of Transportation Statistics, truck chains keep selling. As a result of these regulations, growth in the winter sports industry is steady in places that receive lots of snow.

Snow Chain Market Restraint

Inconsistent State Regulations Create Compliance Challenges for Snow Chain Market

Due to various regulations from the US DOT in 11 states, the process of complying becomes a challenge. In 680 cases each year, the Federal Highway Administration records improper chain use, pointing out how hard it is to enforce the rules. The reports from the U.S. DOT mention that sudden snowfall, which is a result of climate variability, changes the demand for services. According to U.S. International Trade Administration, a shortage of certified North American manufacturers is making supply chain issues obvious. The Occupational Safety and Health Administration monitors and supports public safety campaigns that urge people to use machines properly as it appears that people need more education in this area. In spite of requiring chains by 9 mountainous states as mentioned by the U.S. Department of Transportation, these factors along with economic swings stop the trucking industry from expanding fully.

Snow Chain Market Opportunity

Manufacturing Expansion in EU and Asia Signals Strong Market Growth Potential

The European Commission says that 19 production sites in the EU show that manufacturing in those areas is growing. The Ministry of Land has listed 13 mandatory chain zones in Japan, while China’s customs lists 63 declarations of imports each year. Literature from the European Patent Office shows there are 14 snow chain patents, which points to a lot of innovation in this area. The U.S. National Institute of Standards and Technology recognizes 12 training centers that aid the development of the market. Being seen by the China Bureau of Statistics and Chinese MIIT, the 28 accredited producers in Asia and 480,000 annual sales in Japan and Korea show the potential for more expansions. The information from government reports joined by 5 EU standardization acts (European Climate Agency) helps make lightweight chains effective and helps penetrate emerging markets.

Segmentation

By Application	By Type	By Geography
Passenger Cars Commercial Vehicles Others	Metal Snow Chain Nonmetal Snow Chain	North America (U.S. and Canada) Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Key Insights

The report covers the following key insights:

Key Industry Trends
Regulatory Landscape Across Key Regions
Growth Opportunities in Emerging Markets
Recent Technological Advancements

Analysis by Application

By Application, the Snow Chain Market is divided into Passenger Cars, Commercial Vehicles & Others.

Most of the market share is held by the Passenger Cars segment, as strict safety laws and people’s interest encourage sales. There has been increased demand for commercial vehicles caused by strict chains laws in areas that receive plenty of snow.

Analysis by Type

By Type, the Snow Chain Market is divided into Metal Snow Chain, Nonmetal Snow Chain.

The most sold chains are Metal Snow Chains, yet nonmetal chains are increasing in popularity for their light weight. The growth of this market is boosted by items such as automatic snow chains.

Regional Analysis

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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Robust enforcement of regulations makes North America top in the snow chain market. The U.S. Department of Transportation shows that nine mountainous regions and 11 states have snow chain regulations. According to U.S. Census Bureau, 920,000 ATVs are sold every year, backed by 38 manufacturers who hold official certification from U.S. International Trade Administration. The rules are strictly enforced, as there were 680 annual use citations from the Federal Highway Administration and 320 chain-equipped patrol vehicles according to the Federal Motor Carrier Safety Administration. According to U.S. Bureau of Transportation Statistics, there have been 420 fewer accidents due to chains on trucks. According to the National Institute of Standards and Technology, the training process happens at 12 centers, and 18 public safety efforts by the Occupational Safety and Health Administration work to keep people using safety equipment correctly and guarantee continued growth.

The presence of strict regulations has helped Europe’s snow chain market grow, and 22 EU nations require the use of chains according to the rules set by the European Commission. The area includes 19 manufacturing facilities from European Automobile Manufacturers' Association and over 1,600 stores with certified products obtained from the European Transport Workers' Federation. Forty-one hundred vehicle inspections and seventy-eight fines for commercial vehicles were carried out through strict enforcement. Significant steps are being taken for safety, as there were 54 road alerts that addressed chains and nine EU-sponsored programs on winter driving (European Commission Research). The region is known for its strong technological and standardized demands, since it has 14 patents (European Patent Office) and 5 acts of standardization (European Climate Agency).

Japan’s Ministry of Land has recorded that Asia Pacific sees rapid growth in the snow chain industry, and 13 of its areas require using snow chains. According to the Ministry of Industry in China, there are 28 certified manufacturers; and, each year, sales in Japan and Korea reach more than 480,000 by their own estimates. The amount of imported goods is high, as there are 63 declarations each year (China Customs). 17 safety guidelines are shared by the China CDC, and 44 accident reports are made available by the China Customs department. Rising amounts of snow in city areas are helping the region, as Japan’s Ministry of Land Infrastructure and Transport (MLIT) and China’s Ministry of Transport (MOST) both track the progress of infrastructure development. Though there aren’t as many regulations as in the West, the increasing transport industry and the presence of 28 manufacturers mean this region offers a lot of business chances.