Lewes, DE -- (SBWIRE) -- 03/13/2015 -- Report forecast the Snow Chain market in the US to grow at a CAGR of 5.14 percent over the period 2014-2019.

Snow Chains are nets made up of chains that are designed to be wrapped around tires to provide traction in adverse driving conditions. Both front-wheel drive as well as a rear-wheel drive vehicles require only one pair of snow chains attached to the car's drive wheels. Innovative products with advanced features are being introduced into the Snow Chain market on an everyday basis. Examples include patented snow chains that are easy to install and provide immense traction and lateral control on snow-covered roads (at up to 25 mph). Custom-built chains are pricier than standard ones. They also cost about 40 percent to 50 percent more than a standard set of chains.

According to the lead analyst of this report,the rapid pace of innovation in the Snow Chain Market in US is one of the major trends. Every day new products with advanced features are entering the market, which are expected to have a positive influence on the market growth.

According to the report, the increase in demand for good quality chains is a key driver in the market. Nearly 90 percent of the tire chains offered in North America are manufactured in China. However, these do not stand up to the pressure of rough conditions and they snap and break.

Further, the report states that snow chains break prematurely for many reasons, which is a major challenge for the market. Low-carbon steel that has been case-hardened sometimes does not have the strength to withstand constant pressure and exposure in an adverse environment.

This report covers the present scenario and growth prospects of the Snow Chain market in the US for the period 2015-2019. The report also presents the vendor landscape along with a detailed analysis of the top five vendors. In addition, the report discusses the major drivers and challenges for vendors and the market at large, as well as the key trends emerging in the market.

This report covers the following companies as the key players in the Snow Chain Market in the US: Peerless Industrial Group, pewag Inc., RUD Chain Inc. and Thule Group.

Other Prominent Vendors in the market are: BABAC Tire Chains, Chainco, Laclede Chain Manufacturing Company, Michelin, Moose Utility Division, Spikes-Spider and Trygg.

Market Driver
- Growing Demand for Good-quality Chains
- For a full, detailed list, view our report.

Market Challenge
- Premature Breakage of Snow Chains
- For a full, detailed list, view our report

Market Trend
- Rapid Pace of Innovation
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages, "Snow Chain Market in the US 2015 - 2019" report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/snow-chain-market-us-2015-2019

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