A winch is a mechanical device to lift or move heavy objects. It winds wire around a drum (or a spool) while holding the wire rope steady until it needs to be adjusted.
Electric winches are most commonly used to pull an automobile, boat, crane, truck, or other piece of machinery & equipment from a problematic area. If a car goes off the road and down into a ravine, for example, trucks with these types of winches are used to hook the car and pull it back to the road. They can also be used to tug boats to safety. There have even been rare instances in which they have helped save large animals from tricky holes and pits.
According to the new market research report “Electric Winches - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Electric Winches market size is projected to reach USD 1.54 billion by 2029, at a CAGR of 5.5% during the forecast period.
- Global Electric Winches Market Size(US$ Million), 2018-2029
Source: QYResearch, "Electric Winches - Global Market Insights and Sales Trends 2024”
- Global Electric Winches Top16Players Ranking and Market Share（Based on data of 2021, Continually updated）
Source: QYResearch, "Electric Winches - Global Market Insights and Sales Trends 2024”
The global key manufacturers of Electric Winches include Ingersoll Rand, WARN Industries, Patterson Manufacturing, Superwinch, KOSTER, Mile Marker Industries, Ramsey Winch, RAM Winch & Hoist, COMEUP Industries, Taiwan Hoist and Cable, etc. In 2021, the global top five players had a share approximately 36.0% in terms of revenue.
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