Market Overview:
The global wire rope winches 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 wire rope winches in various applications such as industrial manufacturing, construction, oil & gas, mining and others. Additionally, the growing demand for electric wire rope winches is also contributing to the growth of this market.
Product Definition:
Wire rope winches are used to pull objects using a wire rope. The wire rope is wrapped around the object and the winch is turned, which pulls the object towards the winch.
Light Capacity:
Light capacity is the weight or load that a given rope, cable or chain can lift. The measurement is used to calculate the breaking strength of ropes and cables. It also helps in determining whether a given rope or cable can support the weight of loads while being employed for various applications such as construction, transportation and others.
The global light capacity wire rope wrenches market size was valued at USD 1,37,847 in 2016.
Standard Capacity:
Wire rope wrenches are used to exert force in a controlled manner. The product is manufactured using various raw materials including steel, aluminum, polyester and nylon. These products are widely used in the construction industry for lifting heavy loads and equipment.
Application Insights:
The construction application segment led the global wire rope winches market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization, which has resulted in an increased demand for construction materials including steel and concrete. This, in turn, is likely to boost product demand during the estimated time frame.
The oil & gas application segment accounted for 21% of revenue share in 2017 owing to rising petroleum activities across various regions including Middle East & Africa, North America.
Regional Analysis:
Asia Pacific dominated the global wire rope wrenches market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to rapid industrialization and increasing foreign investments. Moreover, these countries have a large number of manufacturing facilities due to low labor costs as compared to other regions; this has led them into becoming major hubs for various industries across the globe.
The construction industry in Europe has witnessed significant growth over the past few years on account of increasing government spending on infrastructural development projects such as roads and railways networks across member states of European Union (EU). In addition, growing awareness regarding energy conservation measures undertaken by EU governments are expected favorably impact industry dynamics during 2018-2030 time frame.
Growth Factors:
- Increasing demand for wire rope winches in the mining and construction industry
- Rising popularity of electric wire rope winches
- Growing demand for compact and lightweight wire rope winches
- Increasing use of wireless remote controls in wire rope winches
- Proliferation of advanced safety features in wire rope winches
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Rope Winches Market Research Report
By Type
Light Capacity, Standard Capacity, Heavy Capacity
By Application
Industrial Manufacturing, Construction, Oil & Gas, Mining, Others
By Companies
Columbus McKinnon, CERTEX Danmark A / S, Carl Stahl, Haklift Oy, MAGNA LIFTING, Korea 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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Wire Rope Winches Market Report Segments:
The global Wire Rope Winches market is segmented on the basis of:
Types
Light Capacity, Standard Capacity, Heavy Capacity
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
Industrial Manufacturing, Construction, Oil & Gas, Mining, 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:
- Columbus McKinnon
- CERTEX Danmark A / S
- Carl Stahl
- Haklift Oy
- MAGNA LIFTING
- Korea Hoist
Highlights of The Wire Rope Winches 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:
- Light Capacity
- Standard Capacity
- Heavy Capacity
- By Application:
- Industrial Manufacturing
- Construction
- Oil & Gas
- Mining
- 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 Wire Rope Winches 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?
Wire rope wrenches are a type of hand tool used to tighten or loosen wire rope. They are made up of a handle and a head, with either one or two blades attached. The blades fit around the wire rope and can be turned to tighten or loosen the rope.
Some of the key players operating in the wire rope winches market are Columbus McKinnon, CERTEX Danmark A / S, Carl Stahl, Haklift Oy, MAGNA LIFTING, Korea Hoist.
The wire rope winches 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 Wire Rope Winches 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 Wire Rope Winches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Rope Winches 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 Wire Rope Winches 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 Wire Rope Winches Market Size & Forecast, 2018-2028
4.5.1 Wire Rope Winches Market Size and Y-o-Y Growth
4.5.2 Wire Rope Winches Market Absolute $ Opportunity
Chapter 5 Global Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Type
5.2.1 Light Capacity
5.2.2 Standard Capacity
5.2.3 Heavy Capacity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Applications
6.2.1 Industrial Manufacturing
6.2.2 Construction
6.2.3 Oil & Gas
6.2.4 Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Rope Winches 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 Wire Rope Winches 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 Wire Rope Winches Analysis and Forecast
9.1 Introduction
9.2 North America Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Type
9.6.1 Light Capacity
9.6.2 Standard Capacity
9.6.3 Heavy Capacity
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 Wire Rope Winches Market Size Forecast by Applications
9.10.1 Industrial Manufacturing
9.10.2 Construction
9.10.3 Oil & Gas
9.10.4 Mining
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 Wire Rope Winches Analysis and Forecast
10.1 Introduction
10.2 Europe Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Type
10.6.1 Light Capacity
10.6.2 Standard Capacity
10.6.3 Heavy Capacity
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 Wire Rope Winches Market Size Forecast by Applications
10.10.1 Industrial Manufacturing
10.10.2 Construction
10.10.3 Oil & Gas
10.10.4 Mining
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 Wire Rope Winches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Type
11.6.1 Light Capacity
11.6.2 Standard Capacity
11.6.3 Heavy Capacity
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 Wire Rope Winches Market Size Forecast by Applications
11.10.1 Industrial Manufacturing
11.10.2 Construction
11.10.3 Oil & Gas
11.10.4 Mining
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 Wire Rope Winches Analysis and Forecast
12.1 Introduction
12.2 Latin America Wire Rope Winches 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 Wire Rope Winches Market Size Forecast by Type
12.6.1 Light Capacity
12.6.2 Standard Capacity
12.6.3 Heavy Capacity
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 Wire Rope Winches Market Size Forecast by Applications
12.10.1 Industrial Manufacturing
12.10.2 Construction
12.10.3 Oil & Gas
12.10.4 Mining
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) Wire Rope Winches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wire Rope Winches 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) Wire Rope Winches Market Size Forecast by Type
13.6.1 Light Capacity
13.6.2 Standard Capacity
13.6.3 Heavy Capacity
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) Wire Rope Winches Market Size Forecast by Applications
13.10.1 Industrial Manufacturing
13.10.2 Construction
13.10.3 Oil & Gas
13.10.4 Mining
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 Wire Rope Winches Market: Competitive Dashboard
14.2 Global Wire Rope Winches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Columbus McKinnon
14.3.2 CERTEX Danmark A / S
14.3.3 Carl Stahl
14.3.4 Haklift Oy
14.3.5 MAGNA LIFTING
14.3.6 Korea Hoist
