Melt away: Revenue will continue to climb from its recessionary lows as operators replace worn snowplows

Over the five years to 2017, the Snowplow Manufacturing industry's revenue is expected to grow. Despite producing equipment that is mainly seasonal, the industry has been helped by steady weather patterns in cold climate areas. High precipitation levels led to high amounts of snowfall throughout the Northeast, East, Midwest and Western United States, increasing the need for snowplows and other snow control products. Weary consumers and businesses held off on replacing snowplows and other snow control products during the recession, which led to pent-up demand. Over the five years to 2022, the industry will likely continue to grow, albeit at a slower pace...purchase to read more.

Industry Statistics & Market Size
Revenue
$794m
Annual Growth 12-17
4.8%
Forecast Growth 17-22
Profit
Employment
1,915
Businesses
39

Industry Threats & Opportunities

  • Pent-up demand and innovative plowing systems will facilitate industry growth
  • Steel prices have drastically declined, giving way to higher profit
  • Precipitation levels are expected to remain largely unchanged throughout the five-year period
  • Industry Report - Industry Key Buyers Chapter

    IBISWorld analysis reveals the Snowplow Manufacturing industry exhibits a high level of market share concentration. In 2017, the largest industry operator, Douglas Dynamics, is expected to account for 49.6% of all industry revenue. Douglas Dynamics, achieves its dominance through a vast network of distributors, acquisition activity and broad product offerings. Given the nature of snowplow demand being limited to regions heavily affected by snow, market share concentration is expected to remain firmly in the hands of Douglas Dynamics which has established a large presence in these areas. Furthermore, owner-operators in the remainder of industry operators lack the economies of scale, vertical integration and product scope featured among dominant players such as Douglas Dynamics...purchase to read more.

    Additional Insights for the Snowplow Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Snowplow Manufacturing Industry are

  • Targeting key geographies
  • Brand loyalty
  • Distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Average annual precipitation and Trade-weighted index in the Snowplow Manufacturing industry impact industry performance..

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    What's in this report

    What is the Snowplow Manufacturing Industry?

    This industry manufactures snowplows and spreaders, which are devices mounted on vehicles to remove snow and ice from outdoor surfaces. Products vary based on intended purpose and vehicle size. Most companies offer light-duty, heavy-duty and utility vehicle plows. The industry does not include lawn- and garden-type snow-moving equipment.

    Industry Products
  • Heavy-duty plows
  • Light-duty plows
  • Utility vehicle attachments
  • Replacement parts and accessories
  • Spreaders
  • Industry Activities
  • Manufacturing light-duty plows
  • Manufacturing heavy-duty plows
  • Manufacturing plow attachments
  • Manufacturing salt spreaders
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Average annual precipitation
  • Trade-weighted index
  • Value of construction
  • World price of steel
  • Prime rate

  • Current Performance
  • Input cost volatility
  • Heavy trade activity
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction expansion helps demand
  • Product innovation and lean manufacturing
  • Table: Snowplow Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Snowplow Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction & Mining Equipment Wholesaling
  • Lawn & Outdoor Equipment Stores
  • Landscaping Services
  • Remediation & Environmental Cleanup Services
  • Consumers

  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Metalworking Machinery Manufacturing
  • Valve Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Heavy-duty plows
  • Light-duty plows
  • Utility vehicle attachments
  • Replacement parts and accessories
  • Spreaders
  • Chart: Snowplow Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professionals
  • Consumers
  • Exports
  • Chart: Major Market Segmentation for the Snowplow Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Snowplow Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Snowplow Manufacturing Industry

  • Industry Globalization
    Douglas Dynamics Inc., Meyer Products,
  • Table: Douglas Dynamics Inc. - financial performance
  • Table: Meyer Products - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Snowplow Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Snowplow Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Lake-Effect Snow
  • A common weather pattern in which wind gathers moisture from the surface of large bodies of water and deposits the accumulation on land as snow.
  • Lean Production
  • A manufacturing philosophy that pursues increased efficiencies at every facet of production.
  • Moldboard
  • The large flat metal surface of a plow that makes contact with the road and pushes snow and other debris aside.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Snowplow Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Snowplow Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Snowplow Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Snowplow Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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