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Shangpu Consulting: Analysis of Economic Operation Status and Development Prospect of Snow Removal Equipment Industry in 2023

2024-07-18 02:15:17 Source: Champu Consulting Visits:0

1. Rapid increase in market size

With the increase of urbanization and population, the density and length of urban roads are increasing, and the demand for snow removal equipment is also increasing. The market size of snow removal equipment is showing a rapid growth trend and is expected to maintain rapid growth in the next few years.

according to champ consulting,2022The global snow removal equipment market sales reached23.6Billions of dollars, expected2029The year will reach35.8Billion US dollars, compound annual growth rate (CAGR)5.8%（2023-2029). At the regional level, the Chinese market has changed rapidly over the past few years,2022The annual market size is3.2Billions of dollars, accounting for about the world's13.6%, is expected2029The year will reach5.7billion dollars, when the global share will reach15.9%。

2. The technical level is constantly improving

With the continuous progress of science and technology, the technical level of snow removal equipment is also constantly improving. At present, snow removal equipment has been upgraded from the initial human, animal and mechanical snow removal methods to the use of large-scale mechanical equipment for snow removal, which is more efficient and faster. At the same time, the application of new technologies such as intelligence, automation, and electrification has gradually become the trend of industry development.

3. Intense competition pattern

The competition in the snow removal equipment industry is becoming increasingly fierce, many domestic and foreign brands have poured into the market, and the product quality and technical level have been continuously improved. In addition to foreign brands, domestic brands are also actively entering the market to enhance their competitiveness.

Champu Consulting believes that from the perspective of manufacturers, the core manufacturers of snow removal equipment worldwide mainly includeDouglas Dynamics、Aebi Schmidt Group、Alamo Group、BoschungandJohn DeereWait.2022In 2010, the world's first tier of manufacturers were mainlyDouglas Dynamics、Aebi Schmidt Group、Alamo GroupandBoschung, the first echelon holds about %market share; second tier manufacturers haveJohn Deere、Kodiak America、Texas A/SandKATOetc, co-possession %share. In the Chinese market, in addition to the above international brands, there are also well-known domestic enterprises such as Zoomlian, CIMC, and China Communications Machinery to participate in the competition.

4. Emerging market demand growth

Not only construction sites, roads, squares and other public places need snow removal equipment, in recent years, emerging market demand such as airports, high-speed rail stations and other large public facilities also need snow removal equipment. With the development of winter tourism, ice and snow sports and ice and snow festivals in cold areas such as the northeast and north, it provides further opportunities for the market of snow removal equipment.

According to data from the Champ Consulting Group, the region is expected to grow the fastest in the next few years,2023-2029PeriodCAGRfor approximately %. This shows that while the traditional market demand is growing steadily, the emerging market demand will also become an important driving force for the development of the industry.

Conclusion

To sum up,2023The economic operation of the snow removal equipment industry is good and has great potential for development. The market size is increasing rapidly, the level of technology is constantly improving, the competitive landscape is fierce, and the demand for emerging markets is growing. Although the market demand of snow removal equipment industry is rising, in the case of fierce competition in the industry, enterprises need to strengthen quality management and technology upgrading, and constantly innovate in order to occupy an advantageous position in the fierce competition. At the same time, companies also need to pay attention to changes in demand in emerging markets, expand more customer groups, and increase market share.

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