Winches Market to Expand Significantly During 2017 - 2025

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 machinery used for moving and lifting loads.

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On the basis of material used, stainless steel winches are estimated to hold a dominant market share and they’re widely used in applications, such as boating. In industrial applications, stronger steel alloys are widely preferred for industrial winch drums & frames and in low weight operations, synthetics and aluminium are used.

Winches are categorized as manual, hydraulic, pneumatic and electric winches on the basis of working mechanism. As the global load lifting needs are evolving, there is a growing demand for more advanced systems offering high quality and better efficiency with ease of use. To meet these demands, manufacturers are constantly striving to develop new systems. Hydraulic winches were developed to meet the requirements of modern-day application needs in the winches market. Manual winches are preferred for low lifting weight applications, owing to simplicity and cost effectiveness. Electric winches are estimated to hold a dominant market share over the forecast period, attributing to the high demand from marine and oil & gas applications. The global market is estimated to grow at a stable rate, owing to the use of winches in a wide variety of applications.

North America and Western Europe collectively are estimated to account for a relatively large market share in the global winches market during the forecast period. The major demand for winches arises from end use industries, such as marine, industrial machinery and freight. 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. In Europe, countries, such as the U.K., Germany, Russia, Poland and France are projected to drive the Europe winches market.

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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.

Examples of some of the market participants in the global winches market are: Ingersoll-Rand plc, Ramsey Winch, Warn Industries Inc., Harken Inc., TWG, Paccar Winch, Fukushima Ltd., Brevini U.K. Ltd, Naust Marine ehf., Maxwell Marine International Ltd., Appleton Marine Inc.

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