Global Electric Winches Market Growth 2023-2029

Global Electric Winches Market Growth 2023-2029

A winch is a mechanical device that lifts or moves heavy objects. It wraps the wire around the drum (or spool) while keeping the wire rope stable until it needs to be adjusted. Electric winches are the most common type of winches, relying on the vehicle's own electrical system to drive the winch. Common voltages for electric winches (ATV DJ): high voltage (380V, 220V, 110V) and low voltage (36V, 24V, 12V) (12V is DC, 220V is AC).

LPI (LP Information)' newest research report, the “Electric Winches Industry Forecast” looks at past sales and reviews total world Electric Winches sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Winches sales for 2023 through 2029. With Electric Winches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Winches industry.

This Insight Report provides a comprehensive analysis of the global Electric Winches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Winches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Winches market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Winches and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Winches.

The global Electric Winches market size is projected to grow from US$ 863.8 million in 2022 to US$ 1178.1 million in 2029; it is expected to grow at a CAGR of 1178.1 from 2023 to 2029.

The major players in global electric winches market include Ingersoll Rand, WARN Industries, Mile Marker Industries, etc. The top 3 players occupy over 30% shares of the global production market. North America is the largest producer of electric winches, holds a share over 41%, followed by China and Europe. North America and Europe are main markets, they occupy about 60% of the global market.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Winches market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Reel Electric Winch
Double Reel Electric Winch

Segmentation by application
Vehicle Towing
Boat Towing
General Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mile Marker Industries
Ingersoll Rand
Harken
COMEUP Industries
WARN Industries
Superwinch
Ramsey Winch
Winchmax
Thern
THAC
Patterson
KOSTER
LIANDA
Runva
Zhejiang Nowvow Mechanical & Electrical Corp Ltd
Shandong Jndo Hoisting Equipment

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Winches market?

What factors are driving Electric Winches market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Winches market opportunities vary by end market size?

How does Electric Winches break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.