On the basis of material, the global automotive snow chain market is classified into:
•Steel
•Polyurethane
•Rubber
•Fabric
•Others
On the basis of end use, the global automotive snow chain market is classified into:
•Passenger car & LCV
•Agricultural vehicles
•ATV
•HCV
•Others
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Automatic snow chains is expected to present considerable growth opportunities
Automatic snow chain system 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. Owing to the continuous movement of the vehicle, the material covers the entirety of the
tires to provide traction. Along with time saving, these 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.
Varying regulations by country and states creates a major hurdle for market players
Most states in the U.S. has varying regulations for the utilization of these tire enhancements. There
are some states such as Florida, Hawaii, New Hampshire, Washington, D.C., and Vermont who has
no restrictions on their use. Some countries such as France, Germany, Hungary, and the Netherlands
have prohibited the usage of studded tires. Some countries have regulations permitting their use
only during certain months of the year. This is expected to be a major growth barrier for the
industry. Usage of metal studded enhancements causes substantial damage to the roads as well as
vehicles. This dissuades consumers for opting for these. Speed limitations and excessive efforts to
tow the vehicle in case of breakdown are some other challenges that may hinder the industry growth
prospects.
Canada has witnesses few of the largest snowfall volumes in the world, especially in regions such
as Winnipeg, Saskatoon, and Alberta. This positions the country as a highly lucrative market for
automotive snow chains. North America and Europe are expected to remain the major stakeholders
of the market products over the forecast period.
The market is characterized by the presence of multiple players with comparable market shares.
Prominent players in the automotive snow chain market include Pewag, RUD Chain, Thule Group
(Thule Snow Chains), APV Safety Products, MOOSE UTILITY DIVISION, Autoliv, Maggi Group,
BABAC, Peerless Industrial Group, MICHELIN, Spikes Spider, Lianyi Rubber Components Co.,
Chainco, Ottinger, Gowin, Laclede Chain Manufacturing Company, Hangzhou Felice chain Co.
Ltd, and Trygg.