This research report titled ‘Global Electric Winch Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
“Growing developments in the global automotive winches and recovery system industry in terms of design, production material, and mechanism of operation is leading vendors to focus on collaborations and gain a competitive advantage. These collaborations are helping vendors to gain maximum profit by generating demand for electric winches, which will have a positive impact on the global electric winch market,” says Shakti Jakhar, a lead analyst at Technavio for research on logistics.
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The market research analysis categorizes the global electric winch market into three major segments base on type. They are:
- Single reel
- Double reel
- Line shaft winches
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Global single reel electric winch market
The growing demand for the single reel electric winch is because it finds wide use in lifting vehicles or heavy equipment. This is because the single drum in a single reel electric winch enables the rope to leave the drum at any angle. Also, the large diameter of the drum ensures a strong drum to cable diameter ratio that provides an efficient working length even if the drum is short.
Vendors in the global single reel electric winch market are focusing on new developments to foster the growth of the market. For instance, in 2015, Harken expanded its Radial winch line with the development of self-tailing winch control for smaller boats. It is a single-speed self-trailer for rapid trimming of sheets. It helps in hoisting halyards and managing control lines on for boats varying from medium sizes to 9 meters. It provides non-abrasive diagonal ribs on the surface of the drum, thereby maximizing the gripping power. Such developments are leading to the growth of the global single reel electric winch market.
Global double reel electric winch market
In a double reel electric winch, each drum has a clutch and a brake. This helps in tightening the lines and lifting the load when hauling in a load with the main line. The demand of double reel electric winch is growing because it balances between application of the clutch and brake. However, the use and handling of a double reel electric winch require skilled and experienced operators. Usually, hydraulic winches are preferred in double reel winches because they make work easier when compared with electric winches.
Vendors in the construction industry are using hydraulic winches for installation applications. For instance, in 2015, Conquest Offshore, a company for construction and installation work, installed double drum hydraulic winches with a 50-ton line pulling and 120-ton holding capacity. The growing use of hydraulic double drum winches is posing a challenge to the global double reel electric winch market.
Global line shaft electric winch market
The line shaft winches comprise a drum for each lift line. They are more effective when compared with the single and double reel winches because of their compact design and light weight. However, these are not very cost-efficient in nature and prove expensive, thereby posing a challenge to the global line shaft electric winch market.
“These winches are mostly used for lifting specialty vehicles and off-road vehicles like SUVs and LCVs. With the growing vehicle industry, the demand for other electric winches is also growing. This is because of growth in the automotive industry which is expected to grow at a CAGR of more than 4% during the forecast period,” says Shakti.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Ramsey Winch
- Warn Industries
- Westin Automotive
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