Market Overview:
The global electric winch market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric winch market can be attributed to the increasing demand for electric winches in various applications such as sailboats, O&G off shore boats, oceanographic research vessels, automobiles, trucks and others. Additionally, the growing demand for electric winches in emerging countries is also contributing to the growth of this market.
Product Definition:
An electric winch is a device that uses an electric motor to wind rope or cable around a drum, in order to lift or pull heavy objects. Electric winches are commonly used for applications such as hauling boats up out of the water, moving large pieces of machinery, or rescuing people or animals from difficult situations.
Single Reel:
Single reel is a device consisting of spooled cord with one end attached to the winch and the other end of the cord wrapped around an axle or tree. The single reel has a huge demand in electric winch market owing to its properties such as simple mechanism, low cost, easy installation and maintenance.
Double Reel:
Double reel is a device used in electric winches to store and retrieve loose objects such as chainsaws, ropes, garden tools or sporting equipment. The double reel is usually made up of steel wire that has been coated with plastic or rubber. A handle is attached to one end of the wire which makes it easy for users to retrieve any object from the winch.
Application Insights:
Based on the application, the global electric winch market has been segmented into sailboats, O&G off shore boats, automobile and trucks, and oceanographic research vessels. The sailboat segment dominated the overall market in terms of revenue in 2017. Electric winches are widely used for mooring and launching of dinghies as well as for towing ships across water bodies. Moreover, they are also used during recreational activities such as tubing on lakes or rivers where there is no wind or current. Increasing use of these devices by individuals for recreational purposes is expected to drive demand over the forecast period.
The Oceanographic Research Vessel (ORV) segment accounted for a significant share in 2017 owing to increasing government funding towards marine research activities around the globe coupled with rising awareness regarding climate change among governments worldwide has resulted in an increased focus towards marine science which further drives demand from this sector over other applications globally.
Regional Analysis:
North America dominated the global electric winch market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing recreational boating activities and rising demand for watercraft are driving the growth of this regional market. Moreover, presence of key industry players such as Johnson Controls, Emerson Electric Co., and Stanley Black & Decker is also contributing towards product penetration in North America.
Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing disposable income levels among consumers and rapid development along with urbanization across various countries including China, India, South Korea, Japan among others are some major factors responsible for its high growth rate during the forecast period.
Growth Factors:
- Increasing demand for electric winches in the automotive and transportation sector as they are used in various applications such as towing, hauling, and moving heavy objects.
- The increasing popularity of off-road vehicles and recreational vehicles has led to an increase in the demand for electric winches as they are used extensively in these applications.
- Growing awareness about the benefits of using electric winches over traditional manual winches is driving their adoption across a wide range of industries.
- The increasing use of electric winches in industrial applications such as material handling, construction, and mining is contributing to their growth globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Winch Market Research Report
By Type
Single Reel, Double Reel
By Application
Sailboats, O&G off Shore Boats, Oceanographic Research Vessels, Automobile, Truck, Others
By Companies
Mile Marker Industries, LLC, Ingersoll Rand, Harken, COMEUP Industries, WARN, Superwinch, Ramsey Winch, Winchmax, Taiwan Hoist and Cable Co., Ltd, Patterson, KOSTER, Champion, Vulcan, RAM Winch & Hoist
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric Winch Market Report Segments:
The global Electric Winch market is segmented on the basis of:
Types
Single Reel, Double Reel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sailboats, O&G off Shore Boats, Oceanographic Research Vessels, Automobile, Truck, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mile Marker Industries, LLC
- Ingersoll Rand
- Harken
- COMEUP Industries
- WARN
- Superwinch
- Ramsey Winch
- Winchmax
- Taiwan Hoist and Cable Co., Ltd
- Patterson
- KOSTER
- Champion
- Vulcan
- RAM Winch & Hoist
Highlights of The Electric Winch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Reel
- Double Reel
- By Application:
- Sailboats
- O&G off Shore Boats
- Oceanographic Research Vessels
- Automobile
- Truck
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Winch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric winch is a machine that uses an electric motor to rotate a cable or chain. The cable or chain can then be used to pull something, such as a boat, out of the water.
Some of the key players operating in the electric winch market are Mile Marker Industries, LLC, Ingersoll Rand, Harken, COMEUP Industries, WARN, Superwinch, Ramsey Winch, Winchmax, Taiwan Hoist and Cable Co., Ltd, Patterson, KOSTER, Champion, Vulcan, RAM Winch & Hoist.
The electric winch market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Winch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Winch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Winch Market - Supply Chain
4.5. Global Electric Winch Market Forecast
4.5.1. Electric Winch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Winch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Winch Market Absolute $ Opportunity
5. Global Electric Winch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Winch Market Size and Volume Forecast by Type
5.3.1. Single Reel
5.3.2. Double Reel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Winch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Winch Market Size and Volume Forecast by Application
6.3.1. Sailboats
6.3.2. O&G off Shore Boats
6.3.3. Oceanographic Research Vessels
6.3.4. Automobile
6.3.5. Truck
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Winch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Winch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Winch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Winch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Winch Demand Share Forecast, 2019-2026
9. North America Electric Winch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Winch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Winch Market Size and Volume Forecast by Application
9.4.1. Sailboats
9.4.2. O&G off Shore Boats
9.4.3. Oceanographic Research Vessels
9.4.4. Automobile
9.4.5. Truck
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Winch Market Size and Volume Forecast by Type
9.7.1. Single Reel
9.7.2. Double Reel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Winch Demand Share Forecast, 2019-2026
10. Latin America Electric Winch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Winch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Winch Market Size and Volume Forecast by Application
10.4.1. Sailboats
10.4.2. O&G off Shore Boats
10.4.3. Oceanographic Research Vessels
10.4.4. Automobile
10.4.5. Truck
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Winch Market Size and Volume Forecast by Type
10.7.1. Single Reel
10.7.2. Double Reel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Winch Demand Share Forecast, 2019-2026
11. Europe Electric Winch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Winch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Winch Market Size and Volume Forecast by Application
11.4.1. Sailboats
11.4.2. O&G off Shore Boats
11.4.3. Oceanographic Research Vessels
11.4.4. Automobile
11.4.5. Truck
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Winch Market Size and Volume Forecast by Type
11.7.1. Single Reel
11.7.2. Double Reel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projecions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Winch Demand Share, 2019-2026
12. Asia Pacific Electric Winch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Winch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Winch Market Size and Volume Forecast by Application
12.4.1. Sailboats
12.4.2. O&G off Shore Boats
12.4.3. Oceanographic Research Vessels
12.4.4. Automobile
12.4.5. Truck
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Winch Market Size and Volume Forecast by Type
12.7.1. Single Reel
12.7.2. Double Reel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Winch Demand Share, 2019-2026
13. Middle East & Africa Electric Winch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Winch Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Winch Market Size and Volume Forecast by Application
13.4.1. Sailboats
13.4.2. O&G off Shore Boats
13.4.3. Oceanographic Research Vessels
13.4.4. Automobile
13.4.5. Truck
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Winch Market Size and Volume Forecast by Type
13.7.1. Single Reel
13.7.2. Double Reel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Winch Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Winch Market: Market Share Analysis
14.2. Electric Winch Distributors and Customers
14.3. Electric Winch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mile Marker Industries, LLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingersoll Rand
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Harken
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. COMEUP Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WARN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Superwinch
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ramsey Winch
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Winchmax
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Taiwan Hoist and Cable Co., Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Patterson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. KOSTER
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Champion
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Vulcan
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. RAM Winch & Hoist
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
