Hoist & Winches Market

Hoist & Winches Market (Product Type: Hoist [Planetary Gear and Worm Gear] and Winches [Planetary Gear and Worm Gear]; Capacity ; Operation; Application; End-use Industry and Distribution Channel - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Hoist & Winches Market Outlook 2031

  • The global hoist & winches market was valued over US$ 3.2 Bn in 2020
  • It is estimated to expand at a CAGR of 5.4% from 2021 to 2031
  • The global hoist & winches market is expected to surpass the value of US$ 5.5 Bn by the end of 2031

Analysts’ Viewpoint on Hoist & Winches Market Scenario

Hoist & winches are gaining attention and popularity in various end-use industries due to rising demand for safety, productivity, and efficiency. There is a surging demand for hoist & winches in construction, power, automotive, railway, entertainment, and food industries. Hoist & winches can be widely used in commercial recovery, military recovery, mobile cranes, workboat, utility, etc. The global hoist & winches market is negatively impacted by the global coronavirus pandemic. Overall production and supply of hoists & winches are hampered by the lockdown and halt in businesses. However, market players have created substantial opportunities for suppliers and retailers to extend their sales channels and enhance revenues. Rapid economic and industrial growth have created lucrative opportunities for manufacturers in the global hoist & winches market.

Rise in Demand for Hoist & Winches in Different End-use Industries

Increasing applications of electric hoist & winches in almost every industry is driving the global hoist & winches market. Hydraulic products are specifically used in construction, and marine & shipbuilding industries, while pneumatic products are used in oilfields, and energy & power industries. Hoists are used in the manufacturing industry, and in the automobile industry for spot welding guns. Winches are used for sports or off-road activity purposes.

Increasing applications of hoist & winches in construction, automotive & railways, and shipping & material handling are driving the global market. Growing investments by governments to develop infrastructure is expected to drive the hoist & winches market during the forecast period. Rise in advancement in aerospace & defense industries creates potential opportunity for the hoist & winches market players during the forecast period.

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Product Innovation and Developments to Drive Global Market

Market players in the global hoist & winches market are focusing on strengthening their product portfolio by innovation and improvement in the product quality. Hoist & winches can be made in order to enhance the performance. Increasing investments in direct and indirect distribution networks for profitable revenues is contributing to the market growth during the forecast period.

Advanced technology can be used in product manufacturing in order to enhance performance involving lifting and displacement, dual capstan, and translating drum technologies for a compact, strong winch. Manufacturers are involving in research & development to improve the technical and economic aspects of hoist and winches, such as energy efficiency, technological improvements, and performance optimization.

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Asia Pacific Holds Dominant Share in Global Hoist & Winches Market

Asia Pacific is expected to account for the largest share of the global hoist & winches market during the forecast period. Asia Pacific comprises many emerging economies, which are striving to grab opportunities generated due to the pandemic, and this factor is expected to drive the hoist & winches market during the forecast period.

The increasing adoption of the planetary geared hoist & winches is accelerating the market growth in the Asia Pacific region. The growing use of planetary hoist & winches in many industries is due to its suitable properties such as high torque, small size, and improved efficiency. There are significant opportunities for manufacturers operating in the North America and Europe.

Technological improvements and product enhancement by manufacturers operating in the region are factors contributing to the expansion of the hoist & winches market in the region during the forecast period.

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Incremental Opportunities for Manufacturers in Global Market

Key players operating in the global hoist & winches market are focusing on developing innovating products to mark their presence in the global market and leverage profitable opportunities. Key market players in the hoist & winches market are investing in research & development activities in order to launch an exclusive collection of hoist & winches. Market players are expanding their product lines to meet the increasing demand for hoist & winches from various end-use industries.

Surge in applications and rise in popularity of hoist & winches in various industries is expected to boost the market during the forecast period.  The hoist & winches market is projected to rise in upcoming years, due to the presence of several market contributors. Competition among the players is increasing due to emergence of several local players in the global market.

Hoist & Winches Market: Overview

  • According to Transparency Market Research’s latest research report on the global hoist & winches market for the historical period 2017, 2018, and 2019, and the forecast period 2021–2031, increasing application of hoist & winches in a wide range of industries is expected to accelerate the hoist & winches market across the globe
  • Hoist & winches are observing demand in construction, marine, automotive, power, railway, entertainment, food industry, etc. due to their use in various applications such as commercial recovery, military recovery, mobile cranes, workboat, utility, and others. There are two types of hoist & winches – planetary gear and worm gear.
  • Hoist & winches are gaining popularity among industries due to rising demand for safety, productivity, and efficiency. Thus, demand for hoist & winches is expected to increase across the world.

Hoist & Winches Manufacturers Focusing on Product Innovation and Developments to Improve Overall Market Share

  • Many companies are focusing on strengthening their product portfolio across segments through innovation and improving the product quality & range. Manufacturers have started making hoist & winches with increased durability, improved performance, and those that are lightweight and flexible. Moreover, investing in expansion of direct and indirect distribution networks through strategic partnerships and agreements is expected to drive the overall growth of the hoist & winches market during the forecast period.
  • Manufacturers are coming up with advanced technology and expanding their portfolio by introducing new series of products such as chain technology, which helps to enhance performance involving lifting and displacement, dual capstan, and translating drum technologies for a compact, strong winch. All these factors are expected to create opportunity for the growth of the hoist & winches market during the forecast period.
  • Manufacturers also have the opportunity to participate in R&D to enhance the technical and economic aspects of hoist and winches, such as energy efficiency, technological improvements, and performance optimization
  • However, the outbreak of COVID-19 has impacted the overall production and supply of hoists and winches, but it has created substantial opportunities for suppliers and retailers to extend their sales channels and enhance revenues
  • Nevertheless, rapid economic growth and rapid industrialization creates lucrative opportunities for manufacturers of hoist & winches

Increasing Demand from Asia Pacific

  • Asia Pacific comprises many emerging economies, which are striving to grab the opportunity generated due to the pandemic, and this is expected to drive the hoist & winches market during the forecast period
  • North America and Europe are developed regions consisting of numerous global manufacturers striving for technology improvement and product enhancement, which is also likely to fuel the hoist & winches market during the forecast period

Hoist & Winches Market: Competition Landscape

  • Detailed profiles of providers of hoist & winches have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • The hoist & winches market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years due to the entry of several local players.
  • Key players operating in the global hoist & winches market are
    • Columbus McKinnon Corporation
    • Ingersoll Rand, Inc.
    • Hitachi Industrial Equipment Ltd.
    • TWG Inc.
    • PACCAR Inc.
    • Ramsey Industries Inc.
    • Warn Industries Inc.
    • Demag
    • Thern, Inc.
    • Köster, etc.

Hoist & Winches Market: Key Developments

  • Key manufacturers of hoist & winches such as Columbus McKinnon Corporation, Hitachi Industrial Equipment Ltd., and TWG, Inc., are focusing on product innovation. Companies are concentrating on expanding their geographical reach to stay competitive in the market and to cater to a large customer base. Furthermore, many manufacturers are planning to acquire small-scale companies or work in collaboration with them to gain a competitive share in the global market. These are the key strategies followed by hoist & winches companies to increase their market share in terms of revenue.
    • In November 2021, The Warn Industries Inc. introduced a series of products for the latest Ford Bronco SUVs. The products include front & rear bumpers, wheels, rock sliders, winches, and accessories. Mid-sized winches up to 12,000 lbs. can be used for this vehicle. With the introduction of these products, the company is expanding its fleet of products to cater to new models of vehicles.
    • In July 2021, Columbus McKinnon Corporation expanded its remote hoist and crane monitoring capabilities with Intelli-Connect™ Mobile+ apps. With this technology, information will be at the fingertips, via a tablet or smartphone. Customers can more effectively plan maintenance, reduce their mean time to recover, and ultimately increase uptime in their facility. The information is readily available without the hassle and downtime associated with physically accessing the hoist or the drive at the top of an overhead bridge crane.
    • In March 2019, Hitachi Industrial Equipment Systems Co., Ltd with an aim to enhance its robotics solutions business in the factory automation field entered into an agreement to acquire KEC Corporation. KEC is in the business of constructing production lines for automobile industry. This acquisition will help Hitachi gain a competitive edge and provide complete solutions considering the product portfolio it has.
    • In November 2018, TWG, Inc.’s DP Winch introduced a new line of planetary winches for the light duty recovery market. The company caters to the heavy duty & recovery market but with the introduction of a new line of winches, TWC is aiming at gaining maximum market share in the light duty recovery market and hence, the introduction of the new product line.

Hoist & Winches Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 3,201.2 Mn

Market Forecast Value in 2031

US$ 5,566.5 Mn

Growth Rate (CAGR)

5.4%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value & Thousand Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, upcoming key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, technology analysis, regulatory analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis.

Competition Landscape

  • Market Player – Competition Dashboard and Revenue Share Analysis 2020
  • Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, COVID-19 Response, Strategy & Business Overview)

Market Segmentation

  • Product Type
    • Hoist
      • Planetary Gear
      • Worm Gear
    • Winches
      • Planetary Gear
      • Worm Gear
  • Capacity (Tons)
    • Up to 3 Tons
    • 4 Tons
    • 5 Tons
    • 6 to 7 Tons
    • 8 Tons
    • Above 8 Tons
  • Operation
    • Hydraulic
    • Electric
    • Pneumatic
  • Application
    • Commercial Recovery
    • Military Recovery
    • Mobile Cranes
    • Workboat
    • Utility
    • Others
  • End-use Industry
    • Aerospace & Defense
    • Automotive & Railways
    • Oilfield
    • Construction
    • Shipping & Material Handling
    • Mining
    • Energy & Power
    • Agriculture including forestry
    • Waste Management
    • Media & Entertainment
    • Marine Industry
    • Others
  • Distribution Channel
    • Direct Sales
    • Indirect Sales

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Countries Covered

  • U.S.
  • Canada
  • U.K.
  • Germany
  • France
  • Japan
  • China
  • India

Companies Profiled

  • Columbus McKinnon Corporation
  • Ingersoll Rand, Inc.
  • Hitachi Industrial Equipment Ltd.
  • TWG, Inc.
  • PACCAR Inc.
  • Ramsey Industries Inc.
  • Warn Industries Inc.
  • Demag
  • Thern, Inc.
  • Köster

Customization Scope

Available upon Request

Pricing

Available upon Request

Hoist & Winches Market – Segmentation

TMR’s study on the global hoist & winches market includes information categorized into seven sections ― product type, capacity (tons), operation, application, end-use industry, distribution channel, and region. Changing industry trends and other crucial market dynamics associated with these sections of the hoist & winches market are discussed in detail.

Product Type

  • Hoist
    • Planetary Gear
    • Worm Gear
  • Winches
    • Planetary Gear
    • Worm Gear

Capacity (Tons)

  • Up to 3 Tons
  • 4 Tons
  • 5 Tons
  • 6 to 7 Tons
  • 8 Tons
  • Above 8 Tons

Operation

  • Hydraulic
  • Electric
  • Pneumatic

Application

  • Commercial Recovery
  • Military Recovery
  • Mobile Cranes
  • Workboat
  • Utility
  • Others

End-use Industry

  • Aerospace & Defense
  • Automotive & Railways
  • Oilfield
  • Construction
  • Shipping & Material Handling
  • Mining
  • Energy & Power
  • Agriculture (including Forestry)
  • Waste Management
  • Media & Entertainment
  • Marine Industry
  • Others

Distribution Channel

  • Direct Sales
  • Indirect Sales

Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific

Frequently Asked Questions

At What CAGR Hoist & Winches Market Predicted to Grow during the Forecast Period?

Hoist & Winches Market Predicted to 5.4%% CAGR during the Forecast Period.

What is The Forecast Period of Hoist & Winches Market?

Hoist & Winches Market Forecast Till 2031

Who Are the Players Involved In the Hoist & Winches Market?

The Players involved in the Columbus McKinnon Corporation, Ingersoll Rand, Inc., Hitachi Industrial Equipment Ltd., TWG Inc. PACCAR Inc.

Which Region Lead Hoist & Winches Market?

North America Highly Lucrative Markets

What Would Be the Valuation of the Hoist & Winches Market By 2031?

The Hoist & Winches Market Would be US$ 5.5 Bn by the end of 2031

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Trends Analysis

            5.2.1. Demand Side

            5.2.2. Supply Side

        5.3. Overview - Mobile Cranes Boom Type (Lattice and Telescopic)

        5.4. Tailwinds & Headwinds

        5.5. Ecosystem Analysis

            5.5.1. Cranes

            5.5.2. Hoist & Winches

        5.6. Porter’s Five Forces Analysis

        5.7. Technological Overview

        5.8. COVID-19 Impact Analysis

        5.9. Price Trend Analysis

            5.9.1. Price points for various applications in specific regions/countries

        5.10. Standards and Regulations

            5.10.1. End-use Markets

            5.10.2. Manufacturers

        5.11. Customer Behavior Analysis

        5.12. Opportunity Assessment based on:

            5.12.1. Product

            5.12.2. End-use

            5.12.3. Region

        5.13. Global Hoist & Winches Market Analysis and Forecast, 2017- 2031

            5.13.1. Market Value Projections (US$ Mn)

            5.13.2. Market Volume Projections (Thousand Units)

    6. Global Hoist & Winches Market Analysis and Forecast, by Product Type

        6.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Product Type, 2017- 2031

            6.1.1. Hoist

                6.1.1.1. Planetary Gear

                6.1.1.2. Worm Gear

            6.1.2. Winches

                6.1.2.1. Planetary Gear

                6.1.2.2. Worm Gear

        6.2. Incremental Opportunity, by Product Type

    7. Global Hoist & Winches Market Analysis and Forecast, by Capacity (Tons)

        7.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Capacity (Tons), 2017- 2031

            7.1.1. Up to 3 Tons

            7.1.2. 4 Tons

            7.1.3. 5 Tons

            7.1.4. 6 to 7 Tons

            7.1.5. 8 Tons

            7.1.6. Above 8 Tons

        7.2. Incremental Opportunity, by Capacity (Tons)

    8. Global Hoist & Winches Market Analysis and Forecast, by Operation

        8.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Operation, 2017- 2031

            8.1.1. Hydraulic

            8.1.2. Electric

            8.1.3. Pneumatic

        8.2. Incremental Opportunity, by Operation

    9. Global Hoist & Winches Market Analysis and Forecast, by Application

        9.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Application, 2017- 2031

            9.1.1. Commercial Recovery

            9.1.2. Military Recovery

            9.1.3. Mobile Cranes

            9.1.4. Workboat

            9.1.5. Utility

            9.1.6. Others

        9.2. Incremental Opportunity, by Application

    10. Global Hoist & Winches Market Analysis and Forecast, by End-use Industry

        10.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by End-use Industry, 2017- 2031

            10.1.1. Aerospace & Defense

            10.1.2. Automotive & Railway

            10.1.3. Oilfield

            10.1.4. Construction

            10.1.5. Shipping & Material Handling

            10.1.6. Mining

            10.1.7. Energy & Power

            10.1.8. Agriculture including forestry

            10.1.9. Waste Management

            10.1.10. Media & Entertainment

            10.1.11. Marine Industry

            10.1.12. Others

        10.2. Incremental Opportunity, by End-use Industry

    11. Global Hoist & Winches Market Analysis and Forecast, by Distribution Channel

        11.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Distribution Channel, 2017- 2031

            11.1.1. Direct Sales

            11.1.2. Indirect Sales

        11.2. Incremental Opportunity, by Distribution Channel

    12. Global Hoist & Winches Market Analysis and Forecast, by Region

        12.1. Global Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Region, 2017- 2031

            12.1.1. North America

            12.1.2. Europe

            12.1.3. Asia Pacific

            12.1.4. Rest of the World

        12.2. Incremental Opportunity, by Region

    13. North America Hoist & Winches Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Price Trend Analysis

            13.2.1. Weighted Average Selling Price (US$)

        13.3. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Product Type, 2017- 2031

            13.3.1. Hoist

                13.3.1.1. Planetary Gear

                13.3.1.2. Worm Gear

            13.3.2. Winches

                13.3.2.1. Planetary Gear

                13.3.2.2. Worm Gear

        13.4. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Capacity (Tons), 2017- 2031

            13.4.1. Up to 3 Tons

            13.4.2. 4 Tons

            13.4.3. 5 Tons

            13.4.4. 6 to 7 Tons

            13.4.5. 8 Tons

            13.4.6. Above 8 Tons

        13.5. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Operation, 2017- 2031

            13.5.1. Hydraulic

            13.5.2. Electric

            13.5.3. Pneumatic

        13.6. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Application, 2017- 2031

            13.6.1. Commercial Recovery

            13.6.2. Military Recovery

            13.6.3. Mobile Cranes

            13.6.4. Workboat

            13.6.5. Utility

            13.6.6. Others

        13.7. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by End-use Industry, 2017- 2031

            13.7.1. Aerospace & Defense

            13.7.2. Automotive & Railway

            13.7.3. Oilfield

            13.7.4. Construction

            13.7.5. Shipping & Material Handling

            13.7.6. Mining

            13.7.7. Energy & Power

            13.7.8. Agriculture including forestry

            13.7.9. Waste Management

            13.7.10. Media & Entertainment

            13.7.11. Marine Industry

            13.7.12. Others

        13.8. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Distribution Channel, 2017- 2031

            13.8.1. Direct Sales

            13.8.2. Indirect Sales

        13.9. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Country & Sub-region, 2017- 2031

            13.9.1. U.S.

            13.9.2. Canada

            13.9.3. Rest of North America

        13.10. Incremental Opportunity Analysis

    14. Europe Hoist & Winches Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Price Trend Analysis

            14.2.1. Weighted Average Selling Price (US$)

        14.3. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Product Type, 2017- 2031

            14.3.1. Hoist

                14.3.1.1. Planetary Gear

                14.3.1.2. Worm Gear

            14.3.2. Winches

                14.3.2.1. Planetary Gear

                14.3.2.2. Worm Gear

        14.4. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Capacity (Tons), 2017- 2031

            14.4.1. Up to 3 Tons

            14.4.2. 4 Tons

            14.4.3. 5 Tons

            14.4.4. 6 to 7 Tons

            14.4.5. 8 Tons

            14.4.6. Above 8 Tons

        14.5. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Operation, 2017- 2031

            14.5.1. Hydraulic

            14.5.2. Electric

            14.5.3. Pneumatic

        14.6. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Application, 2017- 2031

            14.6.1. Commercial Recovery

            14.6.2. Military Recovery

            14.6.3. Mobile Cranes

            14.6.4. Workboat

            14.6.5. Utility

            14.6.6. Others

        14.7. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by End-use Industry, 2017- 2031

            14.7.1. Aerospace & Defense

            14.7.2. Automotive & Railway

            14.7.3. Oilfield

            14.7.4. Construction

            14.7.5. Shipping & Material Handling

            14.7.6. Mining

            14.7.7. Energy & Power

            14.7.8. Agriculture including forestry

            14.7.9. Waste Management

            14.7.10. Media & Entertainment

            14.7.11. Marine Industry

            14.7.12. Others

        14.8. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Distribution Channel, 2017- 2031

            14.8.1. Direct Sales

            14.8.2. Indirect Sales

        14.9. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Country & Sub-region, 2017- 2031

            14.9.1. U.K.

            14.9.2. Germany

            14.9.3. France

            14.9.4. Rest of Europe

        14.10. Incremental Opportunity Analysis

    15. Asia Pacific Hoist & Winches Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Price Trend Analysis

            15.2.1. Weighted Average Selling Price (US$)

        15.3. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Product Type, 2017- 2031

            15.3.1. Hoist

                15.3.1.1. Planetary Gear

                15.3.1.2. Worm Gear

            15.3.2. Winches

                15.3.2.1. Planetary Gear

                15.3.2.2. Worm Gear

        15.4. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Capacity (Tons), 2017- 2031

            15.4.1. Up to 3 Tons

            15.4.2. 4 Tons

            15.4.3. 5 Tons

            15.4.4. 6 to 7 Tons

            15.4.5. 8 Tons

            15.4.6. Above 8 Tons

        15.5. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Operation, 2017- 2031

            15.5.1. Hydraulic

            15.5.2. Electric

            15.5.3. Pneumatic

        15.6. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Application, 2017- 2031

            15.6.1. Commercial Recovery

            15.6.2. Military Recovery

            15.6.3. Mobile Cranes

            15.6.4. Workboat

            15.6.5. Utility

            15.6.6. Others

        15.7. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by End-use Industry, 2017- 2031

            15.7.1. Aerospace & Defense

            15.7.2. Automotive & Railway

            15.7.3. Oilfield

            15.7.4. Construction

            15.7.5. Shipping & Material Handling

            15.7.6. Mining

            15.7.7. Energy & Power

            15.7.8. Agriculture including forestry

            15.7.9. Waste Management

            15.7.10. Media & Entertainment

            15.7.11. Marine Industry

            15.7.12. Others

        15.8. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Distribution Channel, 2017- 2031

            15.8.1. Direct Sales

            15.8.2. Indirect Sales

        15.9. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Country & Sub-region, 2017- 2031

            15.9.1. China

            15.9.2. India

            15.9.3. Japan

            15.9.4. Rest of Asia Pacific

        15.10. Incremental Opportunity Analysis

    16. India Hoist & Winches Market Analysis and Forecast

        16.1. Country Snapshot

        16.2. Price Trend Analysis

            16.2.1. Weighted Average Selling Price (US$)

        16.3. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Product Type, 2017- 2031

            16.3.1. Hoist

                16.3.1.1. Planetary Gear

                16.3.1.2. Worm Gear

            16.3.2. Winches

                16.3.2.1. Planetary Gear

                16.3.2.2. Worm Gear

        16.4. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Capacity (Tons), 2017- 2031

            16.4.1. Up to 3 Tons

            16.4.2. 4 Tons

            16.4.3. 5 Tons

            16.4.4. 6 to 7 Tons

            16.4.5. 8 Tons

            16.4.6. Above 8 Tons

        16.5. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Operation, 2017- 2031

            16.5.1. Hydraulic

            16.5.2. Electric

            16.5.3. Pneumatic

        16.6. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by Application, 2017- 2031

            16.6.1. Commercial Recovery

            16.6.2. Military Recovery

            16.6.3. Mobile Cranes

            16.6.4. Workboat

            16.6.5. Utility

            16.6.6. Others

        16.7. Hoist & Winches Market Size (US$ Mn) (Thousand Units), by End-use Industry, 2017- 2031

            16.7.1. Aerospace & Defense

            16.7.2. Automotive & Railway

            16.7.3. Oilfield

            16.7.4. Construction

            16.7.5. Shipping & Material Handling

            16.7.6. Mining

            16.7.7. Energy & Power

            16.7.8. Agriculture including forestry

            16.7.9. Waste Management

            16.7.10. Media & Entertainment

            16.7.11. Marine Industry

            16.7.12. Others

        16.8. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Distribution Channel, 2017- 2031

            16.8.1. Direct Sales

            16.8.2. Indirect Sales

        16.9. Hoist & Winches Market Size (US$ Mn) (Thousand Units) Forecast, by Zone, 2017- 2031

            16.9.1. North Zone

            16.9.2. West Zone

            16.9.3. East Zone

            16.9.4. South Zone

            16.9.5. Central Zone

        16.10. Incremental Opportunity Analysis

    17. Competition Landscape

        17.1. Competition Dashboard

        17.2. Market Share Analysis % (2020)

        17.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]

            17.3.1. Ingersoll Rand

                17.3.1.1. Company Overview

                17.3.1.2. Product Portfolio

                17.3.1.3. Financial Information (Subject to Data Availability)

                17.3.1.4. Business Strategies / Recent Developments

            17.3.2. Dover Corporation

                17.3.2.1. Company Overview

                17.3.2.2. Product Portfolio

                17.3.2.3. Financial Information (Subject to Data Availability)

                17.3.2.4. Business Strategies / Recent Developments

            17.3.3. Harken Inc.

                17.3.3.1. Company Overview

                17.3.3.2. Product Portfolio

                17.3.3.3. Financial Information (Subject to Data Availability)

                17.3.3.4. Business Strategies / Recent Developments

            17.3.4. Ramsey Industries

                17.3.4.1. Company Overview

                17.3.4.2. Product Portfolio

                17.3.4.3. Financial Information (Subject to Data Availability)

                17.3.4.4. Business Strategies / Recent Developments

            17.3.5. Hitachi Industrial Equipment Systems Co.

                17.3.5.1. Company Overview

                17.3.5.2. Product Portfolio

                17.3.5.3. Financial Information (Subject to Data Availability)

                17.3.5.4. Business Strategies / Recent Developments

            17.3.6. Columbus McKinnon Corporation

                17.3.6.1. Company Overview

                17.3.6.2. Product Portfolio

                17.3.6.3. Financial Information (Subject to Data Availability)

                17.3.6.4. Business Strategies / Recent Developments

            17.3.7. Warn Industries Inc.

                17.3.7.1. Company Overview

                17.3.7.2. Product Portfolio

                17.3.7.3. Financial Information (Subject to Data Availability)

                17.3.7.4. Business Strategies / Recent Developments

            17.3.8. Demag Cranes & Components GmbH

                17.3.8.1. Company Overview

                17.3.8.2. Product Portfolio

                17.3.8.3. Financial Information (Subject to Data Availability)

                17.3.8.4. Business Strategies / Recent Developments

            17.3.9. KÖSTER

                17.3.9.1. Company Overview

                17.3.9.2. Product Portfolio

                17.3.9.3. Financial Information (Subject to Data Availability)

                17.3.9.4. Business Strategies / Recent Developments

            17.3.10. PACCAR WINCH

                17.3.10.1. Company Overview

                17.3.10.2. Product Portfolio

                17.3.10.3. Financial Information (Subject to Data Availability)

                17.3.10.4. Business Strategies / Recent Developments

    18. Key Takeaways

        18.1. Global Market Findings

        18.2. India Market Findings

    List of Table

    Table 1: Global Hoist & Winches Market, by Product Type, Thousand Units 2017-2031

    Table 2: Global Hoist & Winches Market by Product Type, US$ Mn 2017-2031

    Table 3: Global Hoist & Winches Market, by Capacity (Tons), Thousand Units, 2017-2031

    Table 4: Global Hoist & Winches Market, by Capacity (Tons), US$ Mn 2017-2031

    Table 5: Global Hoist & Winches Market, by Operation, Thousand Units, 2017-2031

    Table 6: Global Hoist & Winches Market, by Operation, US$ Mn 2017-2031

    Table 7: Global Hoist & Winches Market, by Application, Thousand Units, 2017-2031

    Table 8: Global Hoist & Winches Market, by Application, US$ Mn 2017-2031

    Table 9: Global Hoist & Winches Market, by End-use Industries, Thousand Units, 2017-2031

    Table 10: Global Hoist & Winches Market, by End-use Industries, US$ Mn 2017-2031

    Table 11: Global Hoist & Winches Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 12: Global Hoist & Winches Market, by Distribution Channel, US$ Mn 2017-2031

    Table 13: Global Hoist & Winches Market, by Region, Thousand Units, 2017-2031

    Table 14: Global Hoist & Winches Market, by Region, US$ Mn 2017-2031

    Table 15: North America Hoist & Winches Market, by Product Type, Thousand Units, 2017-2031

    Table 16: North America Hoist & Winches Market, by Product Type, US$ Mn 2017-2031

    Table 17: North America Hoist & Winches Market, by Capacity (Tons), Thousand Units, 2017-2031

    Table 18: North America Hoist & Winches Market, by Capacity (Tons), US$ Mn 2017-2031

    Table 19: North America Hoist & Winches Market, by Operation, Thousand Units, 2017-2031

    Table 20: North America Hoist & Winches Market, by Operation, US$ Mn 2017-2031

    Table 21: North America Hoist & Winches Market, by Application, Thousand Units, 2017-2031

    Table 22: North America Hoist & Winches Market, by Application, US$ Mn 2017-2031

    Table 23: North America Hoist & Winches Market, by End-use Industries, Thousand Units, 2017-2031

    Table 24: North America Hoist & Winches Market, by End-use Industries, US$ Mn 2017-2031

    Table 25: North America Hoist & Winches Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 26: North America Hoist & Winches Market, by Distribution Channel, US$ Mn 2017-2031

    Table 27: North America Hoist & Winches Market, by Region, Thousand Units, 2017-2031

    Table 28: North America Hoist & Winches Market, by Region, US$ Mn 2017-2031

    Table 29: Europe Hoist & Winches Market, by Product Type, Thousand Units, 2017-2031

    Table 30: Europe Hoist & Winches Market, by Product Type, US$ Mn 2017-2031

    Table 31: Europe Hoist & Winches Market, by Capacity (Tons), Thousand Units, 2017-2031

    Table 32: Europe Hoist & Winches Market, by Capacity (Tons), US$ Mn 2017-2031

    Table 33: Europe Hoist & Winches Market, by Operation, Thousand Units, 2017-2031

    Table 34: Europe Hoist & Winches Market, by Operation, US$ Mn 2017-2031

    Table 35: Europe Hoist & Winches Market, by Application, Thousand Units, 2017-2031

    Table 36: Europe Hoist & Winches Market, by Application, US$ Mn 2017-2031

    Table 37: Europe Hoist & Winches Market, by End-use Industries, Thousand Units, 2017-2031

    Table 38: Europe Hoist & Winches Market, by End-use Industries, US$ Mn 2017-2031

    Table 39: Europe Hoist & Winches Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 40: Europe Hoist & Winches Market, by Distribution Channel, US$ Mn 2017-2031

    Table 41: Europe Hoist & Winches Market, by Region, Thousand Units, 2017-2031

    Table 42: Europe Hoist & Winches Market, by Region, US$ Mn 2017-2031

    Table 43: Asia Pacific Hoist & Winches Market, by Product Type, Thousand Units, 2017-2031

    Table 44: Asia Pacific Hoist & Winches Market, by Product Type, US$ Mn 2017-2031

    Table 45: Asia Pacific Hoist & Winches Market, by Capacity (Tons), Thousand Units, 2017-2031

    Table 46: Asia Pacific Hoist & Winches Market, by Capacity (Tons), US$ Mn 2017-2031

    Table 47: Asia Pacific Hoist & Winches Market, by Operation, Thousand Units, 2017-2031

    Table 48: Asia Pacific Hoist & Winches Market, by Operation, US$ Mn 2017-2031

    Table 49: Asia Pacific Hoist & Winches Market, by Application, Thousand Units, 2017-2031

    Table 50: Asia Pacific Hoist & Winches Market, by Application, US$ Mn 2017-2031

    Table 51: Asia Pacific Hoist & Winches Market, by End-use Industries, Thousand Units, 2017-2031

    Table 52: Asia Pacific Hoist & Winches Market, by End-use Industries, US$ Mn 2017-2031

    Table 53: Asia Pacific Hoist & Winches Market, by Distribution Channel, Thousand Units, 2017-2031

    Table 54: Asia Pacific Hoist & Winches Market, by Distribution Channel, US$ Mn 2017-2031

    Table 55: Asia Pacific Hoist & Winches Market, by Region, Thousand Units, 2017-2031

    Table 56: Asia Pacific Hoist & Winches Market, by Region, US$ Mn 2017-2031

    List of Figure

    Figure 1: Global Hoist & Winches Market Projections, by Product Type, Thousand Units 2017-2031

    Figure 2: Global Hoist & Winches Market Projections, by Product Type, US$ Mn 2017-2031

    Figure 3: Global Hoist & Winches Market, Incremental Opportunity, by Product Type, US$ Mn 2021 -2031

    Figure 4: Global Hoist & Winches Market Projections, by Capacity (Tons), Thousand Units, 2017-2031

    Figure 5: Global Hoist & Winches Market Projections, by Capacity (Tons), US$ Mn 2017-2031

    Figure 6: Global Hoist & Winches Market, Incremental Opportunity, by Capacity (Tons), US$ Mn 2021 -2031

    Figure 7: Global Hoist & Winches Market Projections, by Operation, Thousand Units, 2017-2031

    Figure 8: Global Hoist & Winches Market Projections, by Operation, US$ Mn 2017-2031

    Figure 9: Global Hoist & Winches Market, Incremental Opportunity, by Operation, US$ Mn 2021 -2031

    Figure 10: Global Hoist & Winches Market Projections, by Application, Thousand Units, 2017-2031

    Figure 11: Global Hoist & Winches Market Projections, by Application, US$ Mn 2017-2031

    Figure 12: Global Hoist & Winches Market, Incremental Opportunity, by Application, US$ Mn 2021 -2031

    Figure 13: Global Hoist & Winches Market Projections, by End-use Industries, Thousand Units, 2017-2031

    Figure 14: Global Hoist & Winches Market Projections, by End-use Industries, US$ Mn 2017-2031

    Figure 15: Global Hoist & Winches Market, Incremental Opportunity, by End-use Industries, US$ Mn 2021 -2031

    Figure 16: Global Hoist & Winches Market Projections, by Distribution Channel, Thousand Units, 2017-2031

    Figure 17: Global Hoist & Winches Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 18: Global Hoist & Winches Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2021 -2031

    Figure 19: Global Hoist & Winches Market Projections, by Region, Thousand Units, 2017-2031

    Figure 20: Global Hoist & Winches Market Projections, by Region, US$ Mn 2017-2031

    Figure 21: Global Hoist & Winches Market, Incremental Opportunity, by Region, US$ Mn 2021 -2031

    Figure 22: North America Hoist & Winches Market Projections, by Product Type, Thousand Units, 2017-2031

    Figure 23: North America Hoist & Winches Market Projections, by Product Type, US$ Mn 2017-2031

    Figure 24: North America Hoist & Winches Market, Incremental Opportunity, by Product Type, US$ Mn 2021 -2031

    Figure 25: North America Hoist & Winches Market Projections, by Capacity (Tons), Thousand Units, 2017-2031

    Figure 26: North America Hoist & Winches Market Projections, by Capacity (Tons), US$ Mn 2017-2031

    Figure 27: North America Hoist & Winches Market, Incremental Opportunity, by Capacity (Tons), US$ Mn 2021 -2031

    Figure 28: North America Hoist & Winches Market Projections, by Operation, Thousand Units, 2017-2031

    Figure 29: North America Hoist & Winches Market Projections, by Operation, US$ Mn 2017-2031

    Figure 30: North America Hoist & Winches Market, Incremental Opportunity, by Operation, US$ Mn 2021 -2031

    Figure 31: North America Hoist & Winches Market Projections, by Application, Thousand Units, 2017-2031

    Figure 32: North America Hoist & Winches Market Projections, by Application, US$ Mn 2017-2031

    Figure 33: North America Hoist & Winches Market, Incremental Opportunity, by Application, US$ Mn 2021 -2031

    Figure 34: North America Hoist & Winches Market Projections, by End-use Industries, Thousand Units, 2017-2031

    Figure 35: North America Hoist & Winches Market Projections, by End-use Industries, US$ Mn 2017-2031

    Figure 36: North America Hoist & Winches Market, Incremental Opportunity, by End-use Industries, US$ Mn 2021 -2031

    Figure 37: North America Hoist & Winches Market Projections, by Distribution Channel, Thousand Units, 2017-2031

    Figure 38: North America Hoist & Winches Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 39: North America Hoist & Winches Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2021 -2031

    Figure 40: North America Hoist & Winches Market Projections, by Region, Thousand Units, 2017-2031

    Figure 41: North America Hoist & Winches Market Projections, by Region, US$ Mn 2017-2031

    Figure 42: North America Hoist & Winches Market, Incremental Opportunity, by Region, US$ Mn 2021 -2031

    Figure 43: Europe Hoist & Winches Market Projections, by Product Type, Thousand Units, 2017-2031

    Figure 44: Europe Hoist & Winches Market Projections, by Product Type, US$ Mn 2017-2031

    Figure 45: Europe Hoist & Winches Market, Incremental Opportunity, by Product Type, US$ Mn 2021 -2031

    Figure 46: Europe Hoist & Winches Market Projections, by Capacity (Tons), Thousand Units, 2017-2031

    Figure 47: Europe Hoist & Winches Market Projections, by Capacity (Tons), US$ Mn 2017-2031

    Figure 48: Europe Hoist & Winches Market, Incremental Opportunity, by Capacity (Tons), US$ Mn 2021 -2031

    Figure 49: Europe Hoist & Winches Market Projections, by Operation, Thousand Units, 2017-2031

    Figure 50: Europe Hoist & Winches Market Projections, by Operation, US$ Mn 2017-2031

    Figure 51: Europe Hoist & Winches Market, Incremental Opportunity, by Operation, US$ Mn 2021 -2031

    Figure 52: Europe Hoist & Winches Market Projections, by Application, Thousand Units, 2017-2031

    Figure 53: Europe Hoist & Winches Market Projections, by Application, US$ Mn 2017-2031

    Figure 54: Europe Hoist & Winches Market, Incremental Opportunity, by Application, US$ Mn 2021 -2031

    Figure 55: Europe Hoist & Winches Market Projections, by End-use Industries, Thousand Units, 2017-2031

    Figure 56: Europe Hoist & Winches Market Projections, by End-use Industries, US$ Mn 2017-2031

    Figure 57: Europe Hoist & Winches Market, Incremental Opportunity, by End-use Industries, US$ Mn 2021 -2031

    Figure 58: Europe Hoist & Winches Market Projections, by Distribution Channel, Thousand Units, 2017-2031

    Figure 59: Europe Hoist & Winches Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 60: Europe Hoist & Winches Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2021 -2031

    Figure 61: Europe Hoist & Winches Market Projections, by Region, Thousand Units, 2017-2031

    Figure 62: Europe Hoist & Winches Market Projections, by Region, US$ Mn 2017-2031

    Figure 63: Europe Hoist & Winches Market, Incremental Opportunity, by Region, US$ Mn 2021 -2031

    Figure 64: Asia Pacific Hoist & Winches Market Projections, by Product Type, Thousand Units, 2017-2031

    Figure 65: Asia Pacific Hoist & Winches Market Projections, by Product Type, US$ Mn 2017-2031

    Figure 66: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Product Type, US$ Mn 2021 -2031

    Figure 67: Asia Pacific Hoist & Winches Market Projections, by Capacity (Tons), Thousand Units, 2017-2031

    Figure 68: Asia Pacific Hoist & Winches Market Projections, by Capacity (Tons), US$ Mn 2017-2031

    Figure 69: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Capacity (Tons) US$ Mn 2021 -2031

    Figure 70: Asia Pacific Hoist & Winches Market Projections, by Operation, Thousand Units, 2017-2031

    Figure 71: Asia Pacific Hoist & Winches Market Projections, by Operation, US$ Mn 2017-2031

    Figure 72: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Operation, US$ Mn 2021 -2031

    Figure 73: Asia Pacific Hoist & Winches Market Projections, by Application, Thousand Units, 2017-2031

    Figure 74: Asia Pacific Hoist & Winches Market Projections, by Application, US$ Mn 2017-2031

    Figure 75: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Application, US$ Mn 2021 -2031

    Figure 76: Asia Pacific Hoist & Winches Market Projections, by End-use Industries, Thousand Units, 2017-2031

    Figure 77: Asia Pacific Hoist & Winches Market Projections, by End-use Industries, US$ Mn 2017-2031

    Figure 78: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by End-use Industries, US$ Mn 2021 -2031

    Figure 79: Asia Pacific Hoist & Winches Market Projections, by Distribution Channel, Thousand Units, 2017-2031

    Figure 80: Asia Pacific Hoist & Winches Market Projections, by Distribution Channel, US$ Mn 2017-2031

    Figure 81: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Distribution Channel, US$ Mn 2021 -2031

    Figure 82: Asia Pacific Hoist & Winches Market Projections, by Region, Thousand Units, 2017-2031

    Figure 83: Asia Pacific Hoist & Winches Market Projections, by Region, US$ Mn 2017-2031

    Figure 84: Asia Pacific Hoist & Winches Market, Incremental Opportunity, by Region, US$ Mn 2021 -2031

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