Mettler-Toledo(US:MTD) GlobeNewswire News Roomยท2024-10-31 12:14Core Insights - The U.S. snow blower market was valued at USD 591.82 million in 2023 and is projected to reach USD 969.47 million by 2029, with a compound annual growth rate (CAGR) of 8.57% [1][17]. Market Overview - The U.S. snow blower market is highly concentrated, with major players like Ariens, Husqvarna, STIGA, and Toro holding significant market shares [2]. - The competition is expected to intensify as companies focus on developing advanced and cost-effective technologies [2]. Consumer Trends - There is a growing demand for energy-efficient and sustainable snow blowers due to increasing environmental concerns and consumer preferences for lower carbon energy sources [3][6]. - Consumers are shifting towards electric and battery-powered models to reduce emissions and noise pollution associated with traditional gas-powered snow blowers [6][7]. Product Segmentation - The market is segmented by stage, with two-stage snow blowers dominating, accounting for over 57% of revenue in 2023 [10]. - In terms of clearing width, models with a width greater than 25 inches hold the largest market share, while walk-behind snow blowers dominate the product segment with over 65% market share [11][12]. - The fuel segmentation shows gas-powered snow blowers still leading, but there is a rising demand for battery-operated models due to advancements in lithium-ion technology [12]. End-User Insights - The residential segment holds the largest market share, driven by increased demand from homeowners in suburban and rural areas [14]. Distribution Channels - Offline distribution channels account for the largest share of the market, as consumers prefer to see and test products before purchasing [15]. Competitive Landscape - Key players in the market include Husqvarna, Ariens, MTD Products, and Toro, with other notable vendors like Briggs & Stratton and Honda also contributing to the competitive landscape [16].