Snow Ploughs And Blowers Market

The global snow ploughs and blowers market is on the rise, with consumption expected to increase over the next eight years. By 2030, market volume is projected to reach 9.9M units, with a market value of $11B. The United States, China, and India are the top consumers in 2022, with the United States leading the importing market. China is the major exporter of snow ploughs and blowers, with Mexico and the United States also significant players in the export market. Overall, the market is experiencing growth in both production and consumption, with prices and imports also on the rise.

Market Forecast

Driven by rising demand for snow ploughs and blowers worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 9.9M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $11B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Snow-Ploughs And Snow-Blowers

In 2022, consumption of snow-ploughs and snow-blowers increased by 0.9% to 7.8M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a mild decrease. As a result, consumption reached the peak volume of 12M units. From 2014 to 2022, the growth of the global consumption remained at a lower figure.

The global snow ploughs and blowers market value stood at $7.3B in 2022, with an increase of 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $18.7B. From 2017 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (1.4M units), China (1.2M units) and India (627K units), with a combined 42% share of global consumption. Canada, Russia, Japan, Pakistan, Brazil, Indonesia, Bangladesh, the UK, Turkey and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Canada (with a CAGR of +8.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($1.6B) led the market, alone. The second position in the ranking was taken by Japan ($726M). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in India amounted to +1.9%. In the other countries, the average annual rates were as follows: Japan (-1.7% per year) and the United States (+2.2% per year).

In 2022, the highest levels of snow ploughs and blowers per capita consumption was registered in Canada (9.9 units per 1000 persons), followed by the United States (4.2 units per 1000 persons), Japan (2.6 units per 1000 persons) and Russia (2.5 units per 1000 persons), while the world average per capita consumption of snow ploughs and blowers was estimated at 1 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the snow ploughs and blowers per capita consumption in Canada amounted to +7.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+0.3% per year) and Japan (-1.6% per year).

Production

World Production of Snow-Ploughs And Snow-Blowers

For the third consecutive year, the global market recorded decline in production of snow-ploughs and snow-blowers, which decreased by -1.5% to 7.9M units in 2022. Overall, production showed a slight reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 35% against the previous year. As a result, production reached the peak volume of 12M units. From 2014 to 2022, global production growth remained at a lower figure.

In value terms, snow ploughs and blowers production expanded modestly to $8.6B in 2022 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, production reached the peak level of $16.3B. From 2014 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of snow ploughs and blowers production was China (2.5M units), accounting for 32% of total volume. Moreover, snow ploughs and blowers production in China exceeded the figures recorded by the second-largest producer, the United States (683K units), fourfold. India (631K units) ranked third in terms of total production with an 8% share.

In China, snow ploughs and blowers production expanded at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-6.3% per year) and India (+1.9% per year).

Imports

World Imports of Snow-Ploughs And Snow-Blowers

In 2022, supplies from abroad of snow-ploughs and snow-blowers increased by 26% to 2M units, rising for the sixth year in a row after two years of decline. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, snow ploughs and blowers imports soared to $1B in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +141.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

The United States represented the major importing country with an import of around 970K units, which resulted at 48% of total imports. Canada (417K units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Russia (12%). The following importers - Belgium (73K units), Sweden (47K units), Norway (40K units) and Germany (35K units) - together made up 9.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to snow ploughs and blowers imports into the United States stood at +13.7%. At the same time, Belgium (+16.9%), Russia (+10.0%), Canada (+8.3%) and Norway (+4.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +16.9% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Sweden (-3.9%) illustrated a downward trend over the same period. While the share of the United States (+20 p.p.), Russia (+2.2 p.p.) and Belgium (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-1.8 p.p.) and Sweden (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow ploughs and blowers importing markets worldwide were the United States ($407M), Canada ($227M) and Russia ($54M), together comprising 68% of global imports.

The United States, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average snow ploughs and blowers import price amounted to $501 per unit, with an increase of 3.5% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 5.2%. Global import price peaked at $702 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($1,211 per unit), while Russia ($224 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Snow-Ploughs And Snow-Blowers

In 2022, shipments abroad of snow-ploughs and snow-blowers increased by 12% to 2M units, rising for the sixth consecutive year after two years of decline. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, snow ploughs and blowers exports surged to $980M in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +135.0% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

China was the major exporting country with an export of around 1.3M units, which accounted for 64% of total exports. Mexico (256K units) ranks second in terms of the total exports with a 13% share, followed by the United States (11%). Canada (34K units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +9.2% from 2012 to 2022. At the same time, Mexico (+14.8%) and Canada (+9.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.8% from 2012-2022. By contrast, the United States (-2.4%) illustrated a downward trend over the same period. China (+18 p.p.) and Mexico (+7 p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by -13.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow ploughs and blowers supplying countries worldwide were China ($268M), the United States ($226M) and Mexico ($109M), with a combined 62% share of global exports.

In terms of the main exporting countries, Mexico, with a CAGR of +21.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average snow ploughs and blowers export price stood at $480 per unit in 2022, with an increase of 8.5% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15% against the previous year. The global export price peaked at $590 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($2,934 per unit), while China ($204 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform