Abstract
Summary
REPORT HIGHLIGHT
The Electric Winch market is estimated to represent a global market of USD 860.9 million by 2017 with growth rate of 19.8%.
Market Dynamics
The global electric winch market is witnessing immense growth over the forecast period on account of increasing demand for winches in emerging and mature markets such as the U.S., China, and India. Growing rate of millennial interest over adventure sports such as snowboarding, wake-boarding, waterboarding, as well as ATV mounted sports, is going to set the demand for electric winches globally.
The demand for these products is also fueled by the significant growth of construction, shipping and landscape industries where winches are considered for their dependable operations and high quality. As electric winches are a perfect combination of proven reliability, high performance and simple operations, the demand for winches is set to experience a strong growth in terms of its application in drilling oil fields, since requirement for crude oil and rig counts globally have been increasing. Growing demand for floating production storage and offloading (FPSO) vessels as a result of improvement in petroleum sector in major oil producing nations including the U.S., Russia and UK is expected to have a strong impact.
Application Takeaway
Revenue wise, automotive is expected to account for highest share. The revival of the automotive industry in developed countries including the Germany, U.S. and the UK is expected to increase the product usage. However, the predominant consumption of mechanical and hydraulic winches in the automotive sector is likely to limit the use of electric winches.
Marine is expected to foresee significant growth from 2018 to 2028. Rising demand for Floating Production Storage and Offloading (FPSO) as a result of improvements in the petroleum industry in the U.S., China, and India is expected to open new market avenues over the next eight years. Further, the predominant consumption of electric winches in the automotive, as well as marine industries as a result of high product rates, is expected to limit the growth of other application segments in the near future.
Regional Takeaway
Regionally, North America accounted for the highest revenue share. Whereas, Asia Pacific is expected to remain fastest market. This growth is attributed to the improvement in transportation sector including automotive and marine in countries including India, China, Japan and Taiwan.
Key Vendor Takeaway
Manufacturers studied under this report scope are;
Superwinch
Warn Industries
KA-Winch
Verlinde Lifting Equipment
Ingersoll-Rand plc
Verlinde Lifting Equipment
Polaris
Powertek
Product innovation along with the strategic partnerships with buyers are anticipated to remain success factors over the study period. The manufacturers aim to achieve optimum business growth and strong market position through implementation of various technologies, and innovation to enter specific markets that utilizes winches for organizations productivity.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2017 – 2021
Base Year – 2021
Estimated Year – 2022
Projected Year – 2028
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
Automotive
Sports Utility vehicles
All-Terrain Vehicles
Trailers
Marine
Industrial
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
Table of Contents
1 ELECTRIC WINCH MARKET OVERVIEW
1.1 Study Scope
1.2 Assumption and Methodology
2 EXECUTIVE SUMMARY
2.1 Key Market Facts
2.2 Geographical Scenario
2.3 Companies in the Market
3 ELECTRIC WINCH KEY MARKET TRENDS
3.1 Market Drivers
3.1.1 Impact Analysis of Market Drivers
3.2 Market Restraints
3.2.1 Impact Analysis of Market Restraints
3.3 Market Opportunities
3.4 Market Future Trends
4 ELECTRIC WINCH INDUSTRY STUDY
4.1 Porter’s Analysis
4.2 Market Attractiveness Analysis
4.3 Regulatory Framework Analysis
5 ELECTRIC WINCH MARKET LANDSCAPE
5.1 Market Share Analysis
6 ELECTRIC WINCH MARKET - BY APPLICATION
6.1 Overview
6.1.1 Overview
6.1.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.2 Automotive
6.2.1 Overview
6.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.2.3 Sports Utility vehicles
- 6.2.3.1 Overview
- 6.2.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.2.4 All-Terrain Vehicles
- 6.2.4.1 Overview
- 6.2.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.2.5 Trailers
- 6.2.5.1 Overview
- 6.2.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.3 Marine
6.3.1 Overview
6.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
6.4 Industrial
6.4.1 Overview
6.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7 ELECTRIC WINCH MARKET- BY GEOGRAPHY
7.1 Introduction
7.2 North America
7.2.1 Overview
7.2.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.2.3 U.S
- 7.2.3.1 Overview
- 7.2.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.2.4 Canada
- 7.2.4.1 Overview
- 7.2.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.3 Europe
7.3.1 Overview
7.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.3.3 France
- 7.3.3.1 Overview
- 7.3.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.3.4 Germany
- 7.3.4.1 Overview
- 7.3.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.3.5 Rest of Europe
- 7.3.5.1 Overview
- 7.3.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.4 Asia Pacific (APAC)
7.4.1 Overview
7.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.4.3 China
- 7.4.3.1 Overview
- 7.4.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.4.4 India
- 7.4.4.1 Overview
- 7.4.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.4.5 Rest of APAC
- 7.4.5.1 Overview
- 7.4.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.5 Rest of the World
7.5.1 Overview
7.5.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.5.3 Latin America
- 7.5.3.1 Overview
- 7.5.3.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
7.5.4 Middle East and Africa
- 7.5.4.1 Overview
- 7.5.4.2 Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 - 2028, (US$ Billion)
8 KEY VENDOR ANALYSIS
8.1 Superwinch
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.1.3 Key Developments
8.2 Warn Industries
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.2.3 Key Developments
8.3 KA-Winch
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.3.3 Key Developments
8.4 Verlinde Lifting Equipment
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.4.3 Key Developments
8.5 Ingersoll-Rand plc
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.5.3 Key Developments
8.6 Verlinde Lifting Equipment
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.6.3 Key Developments
8.7 Polaris
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.7.3 Key Developments
8.8 Powertek
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.8.3 Key Developments
9 360 DEGREE ANALYSTVIEW
10 APPENDIX
10.1 Research Methodology
10.2 Abbreviations
10.3 Disclaimer
10.4 Contact Us