Hydraulic Winches Market: Regional Overview & Cost analysis - Porter's by 2018

Global hydraulic winch market is anticipated to grow at a steady CAGR in the forecast period. Technically, a winch is a mechanical device generally deployed to pull up or let down or in some cases adjust the tension of a wire rope. Simply, it comprises a spool and an attached hand crank. Moreover, winches are particularly used for large operations into trucks, steam shovels and elevators. Winches can be further used as pneumatic, hydraulic or internal combustion devices. Solenoid or mechanical brakes or a ratchet and pawl device may be mounted in some devices that refrains the winch from unwinding.

Commercially, the hydraulic winch consists of a multi-disc brake, spring applied and hydraulically released with a hydraulic motor to supply higher mechanical efficiency with a large torque and low speed features. Custom built hydraulic winches are also available that can be directly equipped on the motor. Advantages in using a hydraulic winch includes performance with good safety, highly efficient, low torque, low speed, enhanced stability, low noise and most importantly reliable operations. Therefore, verticals such as shipbuilding, railways, engineering, petroleum, machinery, metallurgy, geological exploration and other industries particularly use the hydraulic winch for various purposes.

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Overall, the hydraulic winch industry is expected to grow at a higher CAGR in the forecast period owing to market dynamics coupled with market driving factors. Hydraulic winch industry is driven by factors such as rising industrialization and growth in small number of mechanical industries across the world. Additionally, the extensive use of sophisticated machines such as tow trucks and elevators are propelling the use of hydraulic winch in the forecast period. Hydraulic winch industry is segmented into mooring winch, engineering winch, mine winch and cable winch, based on product. Based on type, the hydraulic winch industry is segmented into pull pressure less than 10 MT, pull pressure between 10 MT and 30 MT and pull pressure more than 30 MT.

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Hydraulic winch industry is segmented into mining & construction, marine and utility, based on application. Geographically, the hydraulic winch market spans North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. APAC regions are anticipated to rise at a higher CAGR in the forecast period owing to rising industrialization and commercialization of services. North America and Europe are expected to grow in the market owing to extensive use of mechanical devices and machines to conduct mechanical operations. Middle-East regions such as Kuwait, Iran and Saudi Arabia are expected to rise at a higher CAGR in the forecast period owing to growth in industries. African regions are expected to grow at a low CAGR in the forecast period owing to low industrial infrastructure. The key players in the winch industry include TWG, Paccarwinch, Ingersoll Road, Ini Hydraulic, Brevini, Esco Power, TTS, Muir, WanTong Heavy, Ramsey Winch, Superwinch, Comeup Industry, Shandong Run, Mile Marker Industries, and Markey Machinery.