According to a market report by Lucintel, the future of the global winch drive market looks promising with opportunities in the recreational, agriculture, construction, transportation, mining, military, and fishing markets. The global winch drive market is expected to reach an estimated $1.6 billion by 2030 from $1.1 billion in 2024, at a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising road transportation and marine industries, increasing popularity of recreational sports, fishing and boating, as well as, development of advanced winch drives with enhanced efficiency and reduction in maintenance cost.
A more than 150-page report to understand trends, opportunity and forecast in winch drive market to 2030 by system (lever winch, snubbing winch, air winch, glider winch, capstan winch, mooring winch, and westlake winch), gear type (planetary gear, worm gear, and spur gear), motor (permanent magnet motor winch and series wound motor winch), application (recreational, agriculture, construction, transportation, mining, military, and fishing), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecast that permanent magnet motor winch is expected to witness the highest growth over the forecast period.
Through this market, construction will remain the largest segment because the winches are used in a variety of construction equipment, such as excavators, cranes, and bulldozers, along with the increasing demand for construction equipment.
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APAC is expected to witness the highest growth over the forecast period due to increasing demand from automotive and manufacturing sectors, as well as, growing adoption of winch drives in various industries such as, fishing and shipbuilding.
Warn, Westgate, KTM, Spicer, Meriton, Borg Warner, Eaton, Remy, Twin Disc are the major suppliers in the winch drive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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