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Winch Market Share
In 2023, dominant market players, including Warn Industries, Ramsey Winch, and Ingersoll Rand Inc. collectively hold a substantial 46% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their winch designs and incorporate new technologies, allowing them to stay ahead of the competition.
Winch Market Companies
Major players operating in the winch industry include:
- Ingersoll Rand plc
- Ramsey Winch
- Superwinch
- Warn Industries
Why is the use of planetary winches rising?
Demand for planetary winches is expected to reach a revenue of USD 1.04 billion in 2023, attributed to its superior efficiency for translating power more readily and minimizing energy losses.
What factors are driving North America winch market growth?
North America recorded 37.2% share of the winch industry in 2023 and will witness expansion between 2024 and 2032, due to the rapid economic growth and industrial development
How big is the winch market?
The market size of winch was worth over USD 1.74 billion in 2023 and is anticipated to witness over 4.7% CAGR between 2024 and 2032, due to higher adoption to wind up or unwind a rope or cable to haul or lift heavy loads.
Who are the major winch market players?
Ingersoll Rand plc, Ramsey Winch, Superwinch, and Warn Industries are a few of the leading winch companies worldwide.