Market Overview:
The global double reel 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 market can be attributed to the increasing demand for electric winches in various applications such as sailboats, oceanographic research vessels, automobiles, trucks, and others. Additionally, the growing demand for electric winches from emerging economies is also contributing to the growth of this market.
Product Definition:
A double reel electric winch comprises two spools of cable, one mounted above the other. The top spool unwinds cable as the winch pulls it out, while the bottom spool winds new cable onto the drum as it is pulled in. This allows for much greater pulling power than a single-drum winch and is ideal for use in applications such as moving heavy loads or hauling boats up a ramp.
0.4 HP:
0.4 HP is the power output of a standard motor used in an electric winch. It is also known as the British Thermal Unit (BTU). The 0.4-1 HP range of motors are commonly used for small to medium-sized applications such as portable hand tools, small vehicles, and equipment that require a low load capacity but high speed or torque ratio.
0.6 HP:
0.6 HP is the power output of the engine in terms of brake horsepower. The higher the number, the more powerful is the motor and thus, it can accelerate faster as well as it can also work longer before its wear and tear shows through.
The 0.6 HP electric winch has a significant demand in various applications such as agriculture, construction equipment industries, material handling sectors among others owing to its characteristics such as easy start up.
Application Insights:
The Oceanographic research vessel segment dominated the global double reel electric winch market, accounting for over 25% of the overall revenue in 2017. The segment is expected to witness significant growth owing to rising demand from countries such as China, Japan and Australia. Oceanographic research vessels are used for a variety of applications including ocean exploration, marine biology and meteorology. Rising environmental awareness among consumers is likely to propel demand for these types of ships in the near future.
Sailboats accounted for a significant share in 2017 and are expected to grow at CAGR around 7% from 2018 to 2030 due largely on increasing spending power among individuals with interest in sailing boats or yachts as they are popularly known across various regions globally.
Regional Analysis:
North America dominated the global double-reel electric winch market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent manufacturers such as Johnson Controls, Emerson Electric Co., and Exide Corporation based in the region. The growing demand for recreational boating activities along with an increasing number of sailboat owners is expected to drive product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to rising government initiatives encouraging marine transportation and tourism across countries including China, Japan, South Korea, Indonesia, Thailand Philippines among others are expected boost regional growth significantly over the forecast period. In addition Emerson Electric Co.
Growth Factors:
- Increasing demand for electric winches in the automotive and transportation sector
- Growing popularity of electric winches in the off-road vehicle market
- Rising demand for electric winches from the marine and fishing industry
- Increasing adoption of electric winches in construction and mining applications
- Proliferation of online retail platforms that offer discounts on electric winch products
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Reel Electric Winch Market Research Report
By Type
0.4 HP, 0.6 HP, 0.8 HP, 1.0 HP, Other
By Application
Sailboats, 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, Mile Marker Industries, LLC, Champion, Vulcan, RAM Winch & Hoist, Thern, Shandong Jndo Hoisting Equipment
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Double Reel Electric Winch Market Report Segments:
The global Double Reel Electric Winch market is segmented on the basis of:
Types
0.4 HP, 0.6 HP, 0.8 HP, 1.0 HP, Other
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, 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
- Mile Marker Industries, LLC
- Champion
- Vulcan
- RAM Winch & Hoist
- Thern
- Shandong Jndo Hoisting Equipment
Highlights of The Double Reel 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:
- 0.4 HP
- 0.6 HP
- 0.8 HP
- 1.0 HP
- Other
- By Application:
- Sailboats
- 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 Double Reel 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
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- Consumer Insights
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- Product & Brand Management
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- 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?
A double reel electric winch is a type of industrial winch that uses two sets of rotating drums to lift or lower loads. The first set of drums is called the low drumset and the second set is called the high drumset. When power is applied to the winch, it pulls on both sets of drums simultaneously, which creates a force that can be used to move objects.
Some of the major players in the double reel 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, Mile Marker Industries, LLC, Champion, Vulcan, RAM Winch & Hoist, Thern, Shandong Jndo Hoisting Equipment.
The double reel electric winch market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Double Reel Electric Winch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Double Reel Electric Winch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double Reel Electric Winch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Double Reel Electric Winch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Double Reel Electric Winch Market Size & Forecast, 2018-2028
4.5.1 Double Reel Electric Winch Market Size and Y-o-Y Growth
4.5.2 Double Reel Electric Winch Market Absolute $ Opportunity
Chapter 5 Global Double Reel Electric Winch Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Double Reel Electric Winch Market Size Forecast by Type
5.2.1 0.4 HP
5.2.2 0.6 HP
5.2.3 0.8 HP
5.2.4 1.0 HP
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Double Reel Electric Winch Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Double Reel Electric Winch Market Size Forecast by Applications
6.2.1 Sailboats
6.2.2 Oceanographic Research Vessels
6.2.3 Automobile
6.2.4 Truck
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Reel Electric Winch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Double Reel Electric Winch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Double Reel Electric Winch Analysis and Forecast
9.1 Introduction
9.2 North America Double Reel Electric Winch Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Double Reel Electric Winch Market Size Forecast by Type
9.6.1 0.4 HP
9.6.2 0.6 HP
9.6.3 0.8 HP
9.6.4 1.0 HP
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Double Reel Electric Winch Market Size Forecast by Applications
9.10.1 Sailboats
9.10.2 Oceanographic Research Vessels
9.10.3 Automobile
9.10.4 Truck
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Double Reel Electric Winch Analysis and Forecast
10.1 Introduction
10.2 Europe Double Reel Electric Winch Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Double Reel Electric Winch Market Size Forecast by Type
10.6.1 0.4 HP
10.6.2 0.6 HP
10.6.3 0.8 HP
10.6.4 1.0 HP
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Double Reel Electric Winch Market Size Forecast by Applications
10.10.1 Sailboats
10.10.2 Oceanographic Research Vessels
10.10.3 Automobile
10.10.4 Truck
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Double Reel Electric Winch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Double Reel Electric Winch Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Double Reel Electric Winch Market Size Forecast by Type
11.6.1 0.4 HP
11.6.2 0.6 HP
11.6.3 0.8 HP
11.6.4 1.0 HP
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Double Reel Electric Winch Market Size Forecast by Applications
11.10.1 Sailboats
11.10.2 Oceanographic Research Vessels
11.10.3 Automobile
11.10.4 Truck
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Double Reel Electric Winch Analysis and Forecast
12.1 Introduction
12.2 Latin America Double Reel Electric Winch Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Double Reel Electric Winch Market Size Forecast by Type
12.6.1 0.4 HP
12.6.2 0.6 HP
12.6.3 0.8 HP
12.6.4 1.0 HP
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Double Reel Electric Winch Market Size Forecast by Applications
12.10.1 Sailboats
12.10.2 Oceanographic Research Vessels
12.10.3 Automobile
12.10.4 Truck
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Double Reel Electric Winch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Double Reel Electric Winch Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Double Reel Electric Winch Market Size Forecast by Type
13.6.1 0.4 HP
13.6.2 0.6 HP
13.6.3 0.8 HP
13.6.4 1.0 HP
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Double Reel Electric Winch Market Size Forecast by Applications
13.10.1 Sailboats
13.10.2 Oceanographic Research Vessels
13.10.3 Automobile
13.10.4 Truck
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Double Reel Electric Winch Market: Competitive Dashboard
14.2 Global Double Reel Electric Winch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mile Marker Industries, LLC
14.3.2 Ingersoll Rand
14.3.3 Harken
14.3.4 COMEUP Industries
14.3.5 WARN
14.3.6 Superwinch
14.3.7 Ramsey Winch
14.3.8 Winchmax
14.3.9 Taiwan Hoist and Cable Co., Ltd
14.3.10 Patterson
14.3.11 Mile Marker Industries, LLC
14.3.12 Champion
14.3.13 Vulcan
14.3.14 RAM Winch & Hoist
14.3.15 Thern
14.3.16 Shandong Jndo Hoisting Equipment
