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Stock impact report

Snowmobile Global Market Report 2024 - Steady CAGR of 4.4% to 2028 and Emerging Electric Vehicle Trends [Yahoo! Finance]

Polaris Inc. (PII) 
Last polaris inc. earnings: 4/28 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The snowmobile market size is expected to see steady growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The anticipated growth in the forecast period can be attributed to the increasing emphasis on compliance with environmental regulations, the rise of adventure tourism, the popularity of winter sports competitions, youth involvement programs, and the impact of climate change. Major trends in the forecast period include the incorporation of smart connectivity, the use of lightweight materials and innovative design, ergonomic design for enhanced comfort, versatility for trail and backcountry use, and customization options to cater to individual preferences. The anticipated surge in the snowmobile market is attributed to the growing popularity of recreational activities, particularly those associated with outdoor leisure pursuits. These activities encompass a range of outdoor pastimes such as skiing, snowboarding, ice Show less Read more
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