Towing Winches Market Research Report 2023 - Valuates Reports

The global Towing Winches market was valued at US$ 86 million in 2022 and is anticipated to reach US$ 103.9 million by 2029, witnessing a CAGR of 2.7% during the forecast period 2023-2029.

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Towing Winches Market
With their high speed render and recovery, towing winches are mostly used on the decks of tugboats. They can have any desired capacity and can be powered by hydraulic or electric drives. The stronger a towing winch is, the better the performance.
Towing winches can include additional functions, depending on their utility, such as passive or active heave compensation, control systems, power Unit, constant tension and many more.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Towing Winches key players include MacGregor, Kongsberg Maritime, DMT MARINE EQUIPMENT, Ibercisa, Tytan Marine, etc. Global top five manufacturers hold a share over 35%.
Asia-Pacific is the largest market, with a share over 70%, followed by Europe and North America, both have a share over 20 percent. In terms of product, Capacity Less than 200t is the largest segment, with a share over 65%. And in terms of application, the largest application is Harbor Towing, followed by Seagoing Towing, River Towing, etc.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Towing Winches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Towing Winches.
The Towing Winches market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Towing Winches market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Towing Winches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
-Capacity Less Than 200t
-Capacity Between 200-400t
-Capacity More Than 400t

Segment by Application
-Seagoing Towing
-Harbor Towing
-River Towing

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This release was published on openPR.