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Electric Winch Market, By Application (Sports Utility vehicles, All-Terrain Vehicles, Trailers, Marine, and Industrial), By Region (North America, Europe, Asia Pacific and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

140 Pages | Published Date : April 2019  | Report Code: AV255 | Report Format: PDF

REPORT HIGHLIGHT

The Electric Winch market is estimated to represent a global market of USD 860.9 million by 2017 with growth rate of 19.8%.

Market Dynamics

The global electric winch market is witnessing immense growth over the forecast period on account of increasing demand for winches in emerging and mature markets such as the U.S., China, and India. Growing rate of millennial interest over adventure sports such as snowboarding, wake-boarding, waterboarding, as well as ATV mounted sports, is going to set the demand for electric winches globally.

The demand for these products is also fueled by the significant growth of construction, shipping and landscape industries where winches are considered for their dependable operations and high quality. As electric winches are a perfect combination of proven reliability, high performance and simple operations, the demand for winches is set to experience a strong growth in terms of its application in drilling oil fields, since requirement for crude oil and rig counts globally have been increasing. Growing demand for floating production storage and offloading (FPSO) vessels as a result of improvement in petroleum sector in major oil producing nations including the U.S., Russia and UK is expected to have a strong impact.

Application Takeaway

Revenue wise, automotive is expected to account for highest share. The revival of the automotive industry in developed countries including the Germany, U.S. and the UK is expected to increase the product usage. However, the predominant consumption of mechanical and hydraulic winches in the automotive sector is likely to limit the use of electric winches.

Marine is expected to foresee significant growth from 2018 to 2025. Rising demand for Floating Production Storage and Offloading (FPSO) as a result of improvements in the petroleum industry in the U.S., China, and India is expected to open new market avenues over the next eight years. Further, the predominant consumption of electric winches in the automotive, as well as marine industries as a result of high product rates, is expected to limit the growth of other application segments in the near future.

Regional Takeaway

Regionally, North America accounted for the highest revenue share. Whereas, Asia Pacific is expected to remain fastest market. This growth is attributed to the improvement in transportation sector including automotive and marine in countries including India, China, Japan and Taiwan.

Key Vendor Takeaway

Manufacturers studied under this report scope are;

  • Superwinch

  • Warn Industries

  • KA-Winch

  • Verlinde Lifting Equipment

  • Ingersoll-Rand plc

  • Verlinde Lifting Equipment

  • Polaris

  • Powertek

Product innovation along with the strategic partnerships with buyers are anticipated to remain success factors over the study period. The manufacturers aim to achieve optimum business growth and strong market position through implementation of various technologies, and innovation to enter specific markets that utilizes winches for organizations productivity.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY APPLICATION

  • Automotive
    • Sports Utility vehicles
    • All-Terrain Vehicles
    • Trailers
  • Marine
  • Industrial

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. ELECTRIC WINCH MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. ELECTRIC WINCH KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ELECTRIC WINCH INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. ELECTRIC WINCH MARKET LANDSCAPE
5.1. Market Share Analysis
6. ELECTRIC WINCH MARKET – BY APPLICATION
6.1. Overview
6.1.1. Overview
6.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2. Automotive
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.3. Sports Utility vehicles
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.4. All-Terrain Vehicles
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.2.5. Trailers
6.2.5.1. Overview
6.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Marine
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Industrial
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. ELECTRIC WINCH MARKET– BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.3. U.S.
7.2.3.1. Overview
7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.4. Canada
7.2.4.1. Overview
7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.3. France
7.3.3.1. Overview
7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.4. Germany
7.3.4.1. Overview
7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.3. China
7.4.3.1. Overview
7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.4. India
7.4.4.1. Overview
7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
7.5.3.1. Overview
7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
7.5.4.1. Overview
7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. Superwinch
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2. Warn Industries
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. KA-Winch
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. Verlinde Lifting Equipment
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. Ingersoll-Rand plc
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
8.6. Verlinde Lifting Equipment
8.6.1. Company Overview
8.6.2. SWOT Analysis
8.6.3. Key Developments
8.7. Polaris
8.7.1. Company Overview
8.7.2. SWOT Analysis
8.7.3. Key Developments
8.8. Powertek
8.8.1. Company Overview
8.8.2. SWOT Analysis
8.8.3. Key Developments
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. Abbreviations
10.3. Disclaimer
10.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Electric Winch Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Electric Winch Market, by Application, 2014 – 2025 (USD Billion)
Table 11 Electric Winch Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Electric Winch Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Electric Winch Market, 2014 – 2025 (USD Billion)
Table 14 Canada Electric Winch Market, 2014 – 2025 (USD Billion)
Table 15 Europe Electric Winch Market, 2014 – 2025 (USD Billion)
Table 16 France Electric Winch Market, 2014 – 2025 (USD Billion)
Table 17 Germany Electric Winch Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Electric Winch Market, 2014 – 2025 (USD Billion)
Table 19 China Electric Winch Market, 2014 – 2025 (USD Billion)
Table 20 India Electric Winch Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Electric Winch Market, 2014 – 2025 (USD Billion)
Table 22 MEA Electric Winch Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Value Chain Analysis
Figure 5 Electric Winch Market, by Application, 2014 – 2025 (USD Billion)
Figure 6 Electric Winch Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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