Electric Winch Market Size, Analysis, Regional Outlook, Growth, Export Value, Shipment, Volume & Trade | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2025

NEW YORK, June 15, 2022 /PRNewswire/ -- One of the key factors driving the Electric Winch Market's growth is the increasing demand for winches for use in LCVs. LCVs are used to carry goods and transport people across shorter distances. They play a critical role in the delivery of time-critical goods, high-value goods, and support services. They are mainly used in space-strapped urban areas. LCVs are considered ideal for the logistics industry due to their compact nature. Thus, their transport from one location to another is very frequent, which leads to a need for their recovery and winching. Furthermore, companies are intensifying their focus on the LCV segment to increase demand in the rural and semi-urban markets, which, in turn, is expected to increase the demand for electric winches. With a growing LCV market, the demand for tools required for towing and recovery of the vehicles is expected to increase, thereby reflecting positive prospects for the growth of the global electric winches market.

Technavio has announced its latest market research report titled Electric Winch Market by Type and Geography - Forecast and Analysis 2021-2025

Get information at Special Pricing on your business scenario required where syndicated solutions are not enough. Learn More

The Electric Winch Market by Type (Single reel, Double reel, and Line shaft winches) and Geography (Europe, North America, APAC, South America, and MEA) - Forecast and Analysis 2021-2025 report has been added to Technavio's offering. With ISO 9001:2015 certification, we are proudly partnering with more than 100 Fortune 500 companies for over 16 years. The market value is set to grow by USD 1.28 billion from 2020 to 2025, as per the latest report by Technavio.

Key Market Dynamics:

• Market Challenge

Handling of an electric winch is one of the key challenges hindering the electric winch market growth. It is crucial to be careful while using an electric winch because it contains sharp edges and moving parts that can lead to burns, cuts, lacerations, or amputations. The components of an electric winch consist of heat build-up characteristics, due to which it can't be used for long durations. If its motor is heated, it is required to cool it down before it can be used for winching again. This further slows down the winching process. Furthermore, the most crucial part of an electric winch is the rope that comes with the winch. While choosing the rope, it is important to consider the length and strength. The length is the distance between the load being pulled and the winch. Any broken or inappropriate rope length can result in a fatal accident.  Thus, working with an electric winch to pull heavy loads is a challenging task, which leads to a slow and prolonged process. This further impacts the overall operational cost because of the high consumption of power. Thus, it is a key challenge for the global electric winch market. 

Electric Winch Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.93%

Market growth 2021-2025

$ 1.28 billion

Market structure

Fragmented

YoY growth (%)

12.49

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 34%

Key consumer countries

US, Germany, China, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Dowellcrane Machinery Group, Friedrich Koster GmbH & Co. KG, Harken Inc., Henan Hengyuan Crane Machinery Group Co. Ltd., Ramsey Winch Inc., Taiwan Winch Industrial Co. Ltd., Thern Inc., W.W. Grainger Inc., WARN Industries Inc., and Westin Automotive Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

The Electric Winch Market is segmented by type (single reel, double reel, and line shaft winches) and geography (Europe, North America, APAC, South America, and MEA).

Region and Segmentation Analysis & Forecast:

• Regional Outlook:

The 34% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for electric winch in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA regions. Increasing demand for SUVs and crossovers will facilitate the electric winch market growth in Europe over the forecast period.

•  

• Segmentation Outlook:

Download Sample Report for more insights on the market share & contribution of various regions & segments

Some of the Major Companies Mentioned

Related Reports:

Wind Turbine Shaft Market by Application and Geography - Forecast and Analysis 2022-2026: The wind turbine shaft market share is expected to increase by USD 2.00 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.49%. To get more exclusive research insights: Download Sample Report

Industrial Mixers Market by End-user and Geography - Forecast and Analysis 2021-2025: The industrial mixers market size is expected to reach a value of USD 1.21 billion, at a CAGR of 6.40%, during 2021-2025. This research study helps in the deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. To get more exclusive research insights: Download Sample Report

Key Topics Covered:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem

• 2.2 Value chain analysis

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

• 4.1 Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers

• 4.3 Bargaining power of suppliers

• 4.4 Threat of new entrants

• 4.5 Threat of substitutes

• 4.6 Threat of rivalry

• 4.7 Market condition

5 Market Segmentation by Type

• 5.1 Market segments

• 5.2 Comparison by Type

• 5.3 Single reel - Market size and forecast 2020-2025

• 5.4 Double reel - Market size and forecast 2020-2025

• 5.5 Line shaft winches - Market size and forecast 2020-2025

• 5.6 Market opportunity by Type

6 Customer Landscape

7 Geographic Landscape

• 7.1 Geographic segmentation

• 7.2 Geographic comparison

• 7.3 Europe - Market size and forecast 2020-2025

• 7.4 North America - Market size and forecast 2020-2025

• 7.5 APAC - Market size and forecast 2020-2025

• 7.6 South America - Market size and forecast 2020-2025

• 7.7 MEA - Market size and forecast 2020-2025

• 7.8 Key leading countries

• 7.9 Market opportunity by geography

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• 9.3 Landscape disruption

10 Vendor Analysis

• 10.1 Vendors covered

• 10.2 Market positioning of vendors

• 10.3 Dowellcrane Machinery Group

• 10.4 Friedrich Koster GmbH & Co. KG

• 10.5 Harken Inc.

• 10.6 Henan Hengyuan Crane Machinery Group Co. Ltd.

• 10.7 Ramsey Winch Inc.

• 10.8 Taiwan Winch Industrial Co. Ltd.

• 10.9 Thern Inc.

• 10.10 W.W. Grainger Inc.

• 10.11 WARN Industries Inc.

• 10.12 Westin Automotive Inc.

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$

• 11.3 Research methodology

• 11.4 List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/electric-winch-market-size-analysis-regional-outlook-growth-export-value-shipment-volume--trade--global-industry-analysis-size-share-growth-trends-and-forecast-2021---2025-301567411.html

SOURCE Technavio