Global Electric Winch Market 2017-2021
About Electric Winch
An electric winch is a motor-driven device, used to pull in or let out the load attached to it. It deals with a complex task in a simple manner. It is used for pulling electrical wires, lifting vehicles or applications on a work site such as assembling telecommunications structures, installing various equipment, putting up fabric structures, hoisting antennas, and industrial materials.
Technavio’s analysts forecast the global electric winch market to grow at a CAGR of 23.59% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global electric winch market for 2017-2021 . To calculate the market size, the report considers the revenue generated by different vendors through the sales of electric winches of several types which include single reel, double reel, and line shaft winches.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Winch Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric winch market: Ramsey Winch, Westin Automotive, Warn Industries, and Superwinch.
Other Prominent Vendors in the market are: Lokpal Industries, Hebei Kunda Hoisting Equipment, R P CRANES & HOIST, Ellsen Machinery, Vertex cranes Industries, Fong Hwang, Pacific Marine & Industrial, Dowellcrane Machinery Group, Henan Hengyuan Crane Machinery Group, and Taiwan Winch Industrial.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising focus on partnerships. With growing developments in the global automotive winches and recovery system industry in terms of designs, production material, and mechanism of operation, vendors are focusing on collaborations to gain competitive advantage.”
According to the report, one of the major drivers for this market is 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.
Further, the report states that one of the major factors hindering the growth of this market is Handling of an electric winch. 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. In addition, if it stops pulling, it is necessary to remove the power to the winch, as it can otherwise lead to damages to both the winch and the electrical system. It is very critical to focus on the following aspects while using an electric winch for industrial applications:
Ramsey Winch, Westin Automotive, Warn Industries, Superwinch, Lokpal Industries, Hebei Kunda Hoisting Equipment, R P CRANES & HOIST, Ellsen Machinery, Vertex cranes Industries, Fong Hwang, Pacific Marine & Industrial, Dowellcrane Machinery Group, Henan Hengyuan Crane Machinery Group, and Taiwan Winch Industrial.
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