The import of not self-propelled snow-ploughs and snow-blowers to India shows a consistent upward trend from 2024 to 2028, forecasting incremental growth in the values to 34, 35.1, 36, 37, and 38 respectively. The year-on-year increase indicates a steady demand growth, with forecasted gradual annual increases nearing approximately 2.9% to 3.0%. As of 2023, the actual import stood at 34.
The compound annual growth rate (CAGR) over the forecast period (2024-2028) reflects a yearly average growth rate of around 2.8%. This indicates a stable trajectory for these imports within the forecast period.
Future trends to watch for include:
• Changes in climate patterns that could influence demand for snow-clearing equipment.
• Structural adjustments in supply chain efficiency and tariffs impacting import costs.
• Technological advancements in snow and ice equipment offering enhanced features or efficiency.
