A winch is a power-driven equipment used to wind a rope or a cable. Winches are widely used for lifting and moving all kinds of loads in various applications, such as marine, industrial, renewables, automotive and civil engineering, among others. Winches range in design from hand-cranked spools to enormous hydraulic devices used for industrial loading applications. Simple winches consist of a basic structure such as a spool and an attached hand crank, whereas for bigger applications, winches form a major part of the machinery used for moving and lifting loads.
Market Data Analysis:
The Winches market is projected to be valued at USD 2,613 million in 2019 and is anticipated to generate revenue of USD 3,555 million by the end of 2026, progressing at a GAGR of 4.50% between 2019 and 2026. Technological advancements, such as remote control clutch system in advanced winches for better handling & transfer of loads, quick installation and availability of good quality winches with cost-effective prices are factors that driving the Winches market. Besides, growth in end-use applications, such as mining, construction, utility, freight, ocean engineer and others is another key driving factor for the global winches market.
Geographically, the Winch global market was classified into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific was the major revenue generating region in 2018 with a share of 32.45% and is expected to garner growth in the coming years. North America is the second largest market with a share of 27.64%. The U.S. winches market is anticipated to grow at a stable pace, owing to it attaining the maturity stage in the product life cycle. On the other hand, the Canada winches market is estimated to register significant growth. Europe occupied a share of 26.51%. In Europe, countries, such as the U.K., Germany, Russia, Poland, and France are projected to drive the Europe winches market. Latin America and the Middle-East & Africa winches markets are estimated to witness high growth opportunity over the forecast period. The Asia-Pacific market is forecasted to grow at a rapid pace, owing to growth in urbanization, growing industries and stable economic growth in the region.
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Market Classification:
Global Winches market: Type segments
l Manual Winches
l Pneumatic Winches
l Electric Winches
Global Winches market: Application segments
l Marine Winches
l Mining Winches
l Other
Global Winches market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Winches market, including TWG, Paccarwinch, Ingersoll Rand, Cargotec, Huisman Group, Bosch Rexroth, Thern, ROLLS-ROYCE, Brevini, IHC Hytop B.V., Fukushima Ltd, Manabe Zoki, Korea Hoist, Ini Hydraulic, Shenyu, Aolong, Zhejiang TopSun Group Inc, Xinhong, Li We, Huaqiang, WanTong, HeBi Wanxiang, Jianghai, Sinma Machinery, Masada Heavy Industries, etc. These participants have adopted various growth strategies to meet the growing demand for Winches market and to increase their market share.
Winches Market Intended Audience:
l Winches manufacturers
l Winches importers and exporters
l Winches traders, distributors, and suppliers
l Raw material suppliers of Winches
l Winches industry associations
l Product managers, Winches industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Winches Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Winches Market by Types
4 Segmentation of Winches Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Winches Market in Major Countries
7 North America Winches Landscape Analysis
8 Europe Winches Landscape Analysis
9 Asia Pacific Winches Landscape Analysis
10 Latin America, Middle East & Africa Winches Landscape Analysis
11 Major Players Profile
11.1 TWG
11.1.1 TWG Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Paccarwinch
11.3 Ingersoll Rand
11.4 Cargotec
11.5 Huisman Group
11.6 Bosch Rexroth
11.7 Thern
11.8 ROLLS-ROYCE
11.9 Brevini
11.10 IHC Hytop B.V.
11.11 Fukushima Ltd
11.12 Manabe Zoki
11.13 Korea Hoist
11.14 Ini Hydraulic
11.15 Shenyu
11.16 Aolong
11.17 Zhejiang TopSun Group Inc
11.18 Xinhong
11.19 Li We
11.20 Huaqiang
…
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