Global Marine Winches Market by Types (Electric Winches, Hydraulic Winches, Manual Winches, and Others), Applications (Marine Engineering, Hoisting Freight, and Fishing), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Market Outlook:
The global marine winches market was valued at USD 1,675.7 million in 2019 and is projected to reach USD 2,306.0 million by 2027, expanding at a CAGR of 4.2% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 4.1% during the forecast period. Marine winches are mechanical devices that assists in pulling and lifting equipment used on docks/shores, boats/ships, ports, and offshore platforms. These winches have wire rope/chain for pulling or lifting operations. The number of marine winches used in a vessel depends on the type of requirement and operation. Marine winches, mainly consists of drum, chain, cable, power system, manual band brake, control system, manual clutch, and gypsy wheel. High quality welding material is used in marine winches for a long life and safety purposes.
Market Dynamics
The evolution in the marine industry has led to the high acceptance of equipment such as marine winches, which are used in boats and ships for handling halyards, sheets, and anchor or mooring lines. Various types of marine winches include electric, hydraulic, and manual. Moreover, growing demand for marine fleet in coastal and inland waterways fuel the demand for marine winches. Additionally, increasing demand for transport and supply-side factors such as newer, smarter, and more efficient equipment, technologies, and training are playing a significant role the market.
Increase in the demand for marine equipment is fueling the demand for marine winches. Moreover, availability of other types of alternatives is expected to limit the demand for marine winches. Hence, this is anticipated to drive the demand for marine winches. Moreover, spreading network of e-commerce websites at international locations is expected to boost the global marine winches market.
Manufacturers of are coming up with advanced variations of marine winches. Moreover, advancements in processes of mining, oil & gas transportation, marine operations, and others are increasing the demand for marine winches worldwide. This, in turn, is expected to fuel the marine winches market. Furthermore, rapid growth in urbanization and industrialization result in the development of advanced supply chain, which increases the demand for marine winches.
Though marine winches are used for effective work performance; however, their adoption is limited in many areas, mainly due to the lack of technology and developments in under-developed countries. Lack of advancements in industries hampers their adoption of latest technologies. Serious injury and property damage is a concern for not using marine winches. These injuries can happen due to improper handling, untrained, or inexperienced operator and improper lubrication.
Segmental Outlook
On the basis of types, the marine winches market is segmented as electric winches, hydraulic winches, manual winches, and others. The electric winches segment is projected to expand at a substantial CAGR during the forecast period. Rising popularity of electric winches over other types of winches due to the increasing ease usage of these winches and less human effort requirements is estimated to boost the segment growth. Moreover, electric winches are relatively convenient and cost-effective compared to the hydraulic ones, and hence they are highly preferred across the globe.
Based on applications, the marine winches market is divided into marine engineering, hoisting freight, and fishing. The marine engineering segment is expected to grow considerably during the forecast period. Rise in marine operations in multiple areas is expected to be one of the key factors fueling the market. Increasing marine operations by industries such as transportation, oil & gas, material processing, defense, and other areas such as personal use boats are boosting the demand for marine winches across considered applications.
Regional Outlook
In terms of regions, the market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is expected to expand at a considerable growth during the forecast period. The region is the second largest market, in terms of revenue generation, from the marine winches. The region dominates the global market due to the dense presence of top marine winches manufacturers across Europe.
Competitive Landscape
- Key players in the market include MacGregor, Rolls-Royce, Ingersoll Rand, Fukushima Ltd, and TTS. These companies are considered as key manufacturers of marine winches based on their revenue, regional presence, research & development (R&D) activities, and supply chain management system.
- The players are adopting key strategies such as acquisition, merger, and geographical expansion to strengthen their market position. For instance, in July 2019, MacGregor announced that it acquired the offshore and marine businesses of TTS Group ASA. The acquired businesses is expected to be integrated within MacGregor's operating structure.
- In April 2019, Ingersoll Rand announced that it would spin off its industrial business and merge it with compressors & industrial pump producer Gardner Denver Holdings Inc. This strategy is expected to allow Ingersoll to focus on its high-margin business that possesses Trane and Thermo King Brand of heating, air conditioning, and transport refrigeration systems.
- In July 2018, Rolls-Royce signed an agreement to sell its commercial marine business to KONGSBERG. KONGSBERG delivers high technology solutions and systems to the oil & gas, defense, aerospace, and merchant marine industries.
- In February 2018, MacGregor announced that it acquired Rapp Marine Group (RMG) to strengthen its product portfolio for the research vessel and fishery segment. RMG consists of around 120 people with main locations in the US, Norway, and the UK. This acquisition is completed for an enterprise value of approximately EUR 16 million.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global marine winches market
- Historical, current and projected market size in terms of value and volume (Thousand Units)
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global marine winches market performance
Segments
By Type
- Electric Winches
- Hydraulic Winches
- Manual Winches
- Others
By Application
- Marine Engineering
- Hoisting Freight
- Fishing
By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Key Market Players Profiled in the Report
- MacGregor
- Rolls-Royce
- Ingersoll Rand
- TTS
- ACE winches
- Huisman Group
- IHC Hytop B.V.
- Fukushima Ltd
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine 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 Marine Winches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine 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 Marine 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 Marine Winches Market Size & Forecast, 2017-2027
4.5.1 Marine Winches Market Size and Y-o-Y Growth
4.5.2 Marine Winches Market Absolute $ Opportunity
Chapter 5 Global Marine Winches Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Marine Winches Market Size Forecast By Types
5.2.1 Electric Winches
5.2.2 Hydraulic Winches
5.2.3 Manual Winches
5.2.4 Others
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Marine 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 Marine Winches Market Size Forecast By Applications
6.2.1 Marine Engineering
6.2.2 Hoisting Freight
6.2.3 Fishing
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Marine 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 Marine 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 Marine Winches Analysis and Forecast
9.1 Introduction
9.2 North America Marine 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 Marine Winches Market Size Forecast By Types
9.6.1 Electric Winches
9.6.2 Hydraulic Winches
9.6.3 Manual Winches
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis By Types
9.8 Absolute $ Opportunity Assessment By Types
9.9 Market Attractiveness Analysis By Types
9.10 North America Marine Winches Market Size Forecast By Applications
9.10.1 Marine Engineering
9.10.2 Hoisting Freight
9.10.3 Fishing
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 Marine Winches Analysis and Forecast
10.1 Introduction
10.2 Europe Marine 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 Marine Winches Market Size Forecast By Types
10.6.1 Electric Winches
10.6.2 Hydraulic Winches
10.6.3 Manual Winches
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 Europe Marine Winches Market Size Forecast By Applications
10.10.1 Marine Engineering
10.10.2 Hoisting Freight
10.10.3 Fishing
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 Marine Winches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine 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 Marine Winches Market Size Forecast By Types
11.6.1 Electric Winches
11.6.2 Hydraulic Winches
11.6.3 Manual Winches
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Asia Pacific Marine Winches Market Size Forecast By Applications
11.10.1 Marine Engineering
11.10.2 Hoisting Freight
11.10.3 Fishing
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 Marine Winches Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine 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 Marine Winches Market Size Forecast By Types
12.6.1 Electric Winches
12.6.2 Hydraulic Winches
12.6.3 Manual Winches
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Latin America Marine Winches Market Size Forecast By Applications
12.10.1 Marine Engineering
12.10.2 Hoisting Freight
12.10.3 Fishing
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) Marine Winches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine 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) Marine Winches Market Size Forecast By Types
13.6.1 Electric Winches
13.6.2 Hydraulic Winches
13.6.3 Manual Winches
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Middle East & Africa (MEA) Marine Winches Market Size Forecast By Applications
13.10.1 Marine Engineering
13.10.2 Hoisting Freight
13.10.3 Fishing
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 Marine Winches Market: Competitive Dashboard
14.2 Global Marine Winches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MacGregor
14.3.2 Rolls-Royce
14.3.3 Ingersoll Rand
14.3.4 TTS
14.3.5 ACE winches
14.3.6 Huisman Group
14.3.7 IHC Hytop B.V.
14.3.8 Fukushima Ltd
14.3.9 Bell Fluidtechnics Private Limited.
14.3.10 Rotomech Automation Ltd.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine 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 Marine Winches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine 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 Marine 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 Marine Winches Market Size & Forecast, 2017-2027
4.5.1 Marine Winches Market Size and Y-o-Y Growth
4.5.2 Marine Winches Market Absolute $ Opportunity
Chapter 5 Global Marine Winches Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Marine Winches Market Size Forecast By Types
5.2.1 Electric Winches
5.2.2 Hydraulic Winches
5.2.3 Manual Winches
5.2.4 Others
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Marine 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 Marine Winches Market Size Forecast By Applications
6.2.1 Marine Engineering
6.2.2 Hoisting Freight
6.2.3 Fishing
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Marine 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 Marine 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 Marine Winches Analysis and Forecast
9.1 Introduction
9.2 North America Marine 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 Marine Winches Market Size Forecast By Types
9.6.1 Electric Winches
9.6.2 Hydraulic Winches
9.6.3 Manual Winches
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis By Types
9.8 Absolute $ Opportunity Assessment By Types
9.9 Market Attractiveness Analysis By Types
9.10 North America Marine Winches Market Size Forecast By Applications
9.10.1 Marine Engineering
9.10.2 Hoisting Freight
9.10.3 Fishing
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 Marine Winches Analysis and Forecast
10.1 Introduction
10.2 Europe Marine 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 Marine Winches Market Size Forecast By Types
10.6.1 Electric Winches
10.6.2 Hydraulic Winches
10.6.3 Manual Winches
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 Europe Marine Winches Market Size Forecast By Applications
10.10.1 Marine Engineering
10.10.2 Hoisting Freight
10.10.3 Fishing
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 Marine Winches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine 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 Marine Winches Market Size Forecast By Types
11.6.1 Electric Winches
11.6.2 Hydraulic Winches
11.6.3 Manual Winches
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Asia Pacific Marine Winches Market Size Forecast By Applications
11.10.1 Marine Engineering
11.10.2 Hoisting Freight
11.10.3 Fishing
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 Marine Winches Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine 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 Marine Winches Market Size Forecast By Types
12.6.1 Electric Winches
12.6.2 Hydraulic Winches
12.6.3 Manual Winches
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Latin America Marine Winches Market Size Forecast By Applications
12.10.1 Marine Engineering
12.10.2 Hoisting Freight
12.10.3 Fishing
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) Marine Winches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine 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) Marine Winches Market Size Forecast By Types
13.6.1 Electric Winches
13.6.2 Hydraulic Winches
13.6.3 Manual Winches
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Middle East & Africa (MEA) Marine Winches Market Size Forecast By Applications
13.10.1 Marine Engineering
13.10.2 Hoisting Freight
13.10.3 Fishing
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 Marine Winches Market: Competitive Dashboard
14.2 Global Marine Winches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MacGregor
14.3.2 Rolls-Royce
14.3.3 Ingersoll Rand
14.3.4 TTS
14.3.5 ACE winches
14.3.6 Huisman Group
14.3.7 IHC Hytop B.V.
14.3.8 Fukushima Ltd
14.3.9 Bell Fluidtechnics Private Limited.
14.3.10 Rotomech Automation Ltd.
By Type
- Electric Winches
- Hydraulic Winches
- Manual Winches
- Others
By Application
- Marine Engineering
- Hoisting Freight
- Fishing
By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Key Market Players Profiled in the Report
- MacGregor
- Rolls-Royce
- Ingersoll Rand
- TTS
- ACE winches
- Huisman Group
- IHC Hytop B.V.
- Fukushima Ltd
Our Clients
FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as electric winches, hydraulic winches, manual winches.
According to the Growth Market Reports report, the marine winches market is likely to register a CAGR of 4.2% during forecast period 2020-2027, with an anticipated valuation of USD 2,306.0 million by the end of the 2027.
The report provides company market share analysis and volume data.
Growth in sea borne trade, continuous fleet addition by shipping companies, increase in maritime tourism, and rise in the demand for new ships is expected to boost the growth of marine winches market during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slow growth between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the marine winches market.
The base year considered for the global marine winches market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Marine industry is the key end-user driving the growth of marine winches market.
Major Manufactures include MacGregor, Rolls-Royce, Ingersoll Rand, Fukushima Ltd, and TTS among others.
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