Marine Winches Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: CM231115 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the marine winches market was USD 1.9 billion in 2022, and it is expected to grow at a CAGR of 2.1% during the forecast period. Marine winches are used for anchoring, mooring, towing, and lifting heavy objects like cargo or fishing nets; deploying and retrieving equipment like buoys or scientific instruments; and even for launching lifeboats or rescue operations. Increased global trade, leading to higher demand for shipping, offshore oil and gas exploration activities, the exploration of the offshore wind-energy sector, rising demand for naval vessels, and technological advancements in winch systems have all contributed to the growth of this market.
Impact
of Covid-19
The initial disruptions in global trade, shipping
activities, and offshore projects resulted in a decreased demand for marine
winches. Delays in vessel construction and reduced operational activities
impacted the need for the new winch systems. Market drivers such as
technological innovations and changing consumer preferences in some areas faced
significant setbacks. However, after the gradual recovery in maritime trade and
ongoing technological advancements, the market is anticipated to regain
momentum, especially driven by the growth in offshore wind and oil and gas
industries, where winches are integral equipment.
Growth
Drivers
Increasing demand for shipping and maritime transportation,
offshore oil and gas exploration, growing investment in port infrastructure,
and the rise in naval defense expenditure globally are driving the growth of
the market. Advancement in winch systems for improved efficiency, safety, and
automation also contributes to market expansion. Development in renewable
energy projects at sea and advancements in technology have led to the
development of more powerful winches. Increasing demand to lift the heavy load
with full efficacy is also driving the growth of the market. Increasing
construction for heavy-duty cargo ships, increasing demand for mooring winches,
and ongoing research and technological activities are driving the growth of the
market significantly.
The increasing number of ports worldwide is driving growth
in the machine winch market. The increasing construction of heavy-duty cargo
ships drives market growth significantly. The increasing construction rate of
large-scale marine winches used for global maritime trade is driving the growth
of the market significantly. Maritime trade is one of the most preferred
methods since it offers several advantages like cost efficiency, fuel
efficiency, reduced impact on the environment, and higher economies of scale.
This has resulted in greater demand for cargo ships, and it has driven the
market towards success.
The increasing construction of new harbors and ports worldwide is driving the growth of the market. A leading nation transforming the international port environment is China. Its highly ambitious port projects in Latin America, called the Port of Chancay, are claimed to act as a gateway between Asia and South America. Anchor handling and off-shore operations in port are driving the growth of the market.
Segmentation
By Type
·
Hydraulic Winches
·
Steam Winches
·
Manual Winches
·
Diesel Winches
By
Application
·
Marine Engineering
·
Hoisting Freight
·
Fishing
·
Industrial
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
South America
·
Europe
·
Middle East and Africa
Marine
Winches Type Segmentation
On the basis of type, marine winches are segmented into
hydraulic winches, stream winches, manual winches, and diesel winches.
Hydraulic winches are known for their power and reliability. They are commonly
used in heavy-duty applications like off-shore industries and larger vessels
due to their high pulling capacity and consistent performance. Electric winches
are versatile and widely used in various marine applications due to their ease
of use, lower maintenance, suitability for smaller vessels, and recreational
boating. While less common, manual winches find application in smaller boats or
situations where power sources are limited. Diesel-powered winches are robust
and powerful, often used in situations where other power sources might be
impractical or unavailable.
Marine
Winches Application Segmentation
On the basis of application, the marine winches market
is segmented into marine engineering, hoisting freight, fishing, industrial,
and others. Due to increased maritime trade between the countries, the hoisting
freight segment is the leading one. The growing number of equipment options in
the commercial market is used to create growth opportunities. Marine
engineering is another fastest-growing segment, which includes mechanical
engineering, electrical engineering, electronic engineering, and computer
science. Fishing is another segment that is very important and is growing fast
with the passage of time.
Regional
Outlook
On the basis of regions, the marine winches market is
segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and
Middle East and Africa. The global marine winches market is led by Asia-Pacific
region. China is the leading nation in this region, and is expected to dominate
the market during the forecast period. China, Japan, South Korea, Vietnam,
Indonesia, Thailand, Australia,
Philippines, and Malaysia are the key market drivers in the region due to :
·
The growth of international trade
·
Exploration of Energy Sources Offshore
·
Increasing number of Maritime
operations
·
Increasing interest in wind power
produced off-shore
·
Constantly advancing technology
·
Need for compliance and safety
·
Development of additional port
facilities
·
The number of ships being built is
growing
·
The modernization of navy, and military
operations
·
Demand for solutions, that are both
compact, and lightweight
·
Emerging market and their implications
for trade route
Due to their extensive coastlines, and Robust maritime industries Europe, and North America have significant market for Marine winches. European countries like Norway, Netherlands, UK, and Denmark have well-established maritime industry, contributing to a substantial demand for maritime winches. Norway, in particular for its off-shore oil, and gas industry and expertise in maritime technology, is a key player in European marine winches market. Similarly U.S. with its coastal lines, and a thriving off-shore industry, requires winches for various marine operations, including fishing, off-shore drilling, and vessel handling. Both regions witness continuous innovation in winch technology.
Key
Players
·
Rolls-Royce
·
MacGregor
·
TTS Group
·
Rap Marine
·
Ace Winches
·
Nabrico
·
Cargotec
·
Degra Spa
·
Markey Machinery
·
Wintech
·
Konecranes
·
Ingersholl Rand
·
Fukushima ltd.
·
Hatlapa
· Other Players
Global Marine Winches Market research report presents a
strategic analysis of the global Marine Winches Market and a forecast for its
development in the medium term, taking into account the impact of COVID-19 on
it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Marine Winches revenue analysis, strategies of domestic and global
market players, opportunities analysis, strategic market growth analysis, and
technological innovations. It analyses historical and current market data to
accurately gauge its future growth potential. This market report provides
in-depth analysis and insight of market drivers, challenges, trends & opportunities.
At the same time, comprehensive coverage of major vendors (recent product
development & industrial activities, company overview, insights on business
strategy & financial performance, company SWOT analysis) is provided to
give competitive overview. This study presents most detailed (COVID-19 updated)
and in-depth analysis about the global Marine Winches market, covering all
global regions and countries. The report provides intricate dynamics for each
of the countries covered, offering unmatched value, accuracy and expert
insights.
Report
Purpose
The purpose of the report is to portray the state of the
global Marine Winches Market and to present real and expert-verified data and
insights about the market values, volumes, dynamics, segmentation and prices.
It also offers forecast for the market development in the short and medium term
and the impact COVID-19 has and will have on it. Further, it covers in-depth
analysis of the key market players, industry trends and insights, growth
drivers and challenges and all other factors, influencing the growth of market.
Scope
of the Report
The
report on the global Marine Winches Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company export
and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Marine Winches revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
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Analysis of market numbers, such as
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Understand growth potential countries
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·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Marine Winches and countries in each region which will grow
at highest growth in next five years.
·
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based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
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What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Marine Winches Market, providing
valuable support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Marine Winches Market breaks down
the world into the following regions & countries and covers every single
one of them:
Report
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