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Global Electric Winch Market is Projected to Reach 2.78 billion USD by 2025

Author: QYResearch | Publish date: 2018-05-31 | Views: 22
The Electric Winch industry was 1501 million USD in 2017 and is projected to reach USD 2780 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 8% between 2017 and 2025.


The key brand include Mile Marker Industries, Ingersoll Rand, Harken, COMEUP Industries, WARN, Superwinch, Ramsey Winch, Winchmax, Taiwan Hoist and Cable, Patterson, KOSTER, Champion, Vulcan, RAM Winch & Hoist. Among them, Mile Marker Industries and Ingersoll Rand are the leaders.


The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.


The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.


The Global Electric Winch Market Research Report 2017 report released by QYResearch provides a basic overview of the Electric Winch industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Electric Winch industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


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