The demand for snow removal market is driven by regulations, with an average annual growth rate of 16.67%
In recent years, the market share of domestically produced snow sweepers in Europe and America has been continuously increasing, and the total export value has achieved rapid breakthroughs. According to statistics from the General Administration of Customs, from 2020 to 2022, the export value of snow sweepers and snow blowers (HS84302000) in China was 1.23 billion yuan, 1.524 billion yuan, and 1.813 billion yuan, respectively, with a compound annual growth rate of 21.41%; The export quantities were 966700 units, 1.2586 million units, and 1.3158 million units respectively, with a compound annual growth rate of 16.67%.
Article source: Reprinted from the dynamics of the small power equipment industry