Global Electric Winch Market to 23.59 % CAGR to 2021 – Analysis of Ramsey Winch, Westin Automotive, Warn Industries, and Superwinch

MarketResearchNest.com adds “Global Electric Winch Market 2017-2021” new reports to its research database. The report spread across 73 pages with tables and figures in it.

The research analysts forecast the global electric winch market to grow at a CAGR of 23.59% during the period 2017-2021.

An electric winch is a motor-driven device, used to pull in or let out the load attached to it. It deals with a complex task in a simple manner. It is used for pulling electrical wires, lifting vehicles or applications on a work site such as assembling telecommunications structures, installing various equipment, putting up fabric structures, hoisting antennas, and industrial materials.

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Technavio recognizes the following companies as the key players in the global electric winch market: Ramsey Winch, Westin Automotive, Warn Industries, and Superwinch.

Other Prominent Vendors in the market are: Lokpal Industries, Hebei Kunda Hoisting Equipment, R P CRANES & HOIST, Ellsen Machinery, Vertex cranes Industries, Fong Hwang, Pacific Marine & Industrial, Dowellcrane Machinery Group, Henan Hengyuan Crane Machinery Group, and Taiwan Winch Industrial.

The latest trend gaining momentum in the market is Rising focus on partnerships. With growing developments in the global automotive winches and recovery system industry in terms of designs, production material, and mechanism of operation, vendors are focusing on collaborations to gain competitive advantage.

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According to the report, one of the major drivers for this market is Increasing demand for winches for use in LCVs. LCVs are used to carry goods and transport people across shorter distances. They play a critical role in the delivery of time-critical goods, high-value goods, and support services. They are mainly used in space-strapped urban areas.

Further, the report states that one of the major factors hindering the growth of this market is Handling of an electric winch. It is crucial to be careful while using an electric winch because it contains sharp edges and moving parts that can lead to burns, cuts, lacerations, or amputations. The components of an electric winch consist of heat build-up characteristics due to which it can't be used for long durations. If its motor is heated, it is required to cool it down before it can be used for winching again. This further slows down the winching process. In addition, if it stops pulling, it is necessary to remove the power to the winch, as it can otherwise lead to damages to both the winch and the electrical system. It is very critical to focus on the following aspects while using an electric winch for industrial applications:

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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