Winch Market - Top Companies and Manufacturers

Companies Dominating the Winch Landscape

Key companies in the winch market are driving innovation through advanced technologies like remote-controlled systems, hydraulic and electric winches with improved efficiency, and enhanced safety features such as overload protection and automatic braking. In November 2024, Signia Aerospace acquired the Goodrich Hoist & Winch business from Collins Aerospace, specializing in helicopter rescue hoists and cargo winches. They are also integrating smart sensors and IoT connectivity for real-time monitoring, catering to diverse applications, in construction, marines, and energy sectors, ensuring higher reliability and performance. These strategic moves inspire other global leaders to introduce more innovative products, propelling the winch market. Such key players include:

Columbus McKinnon Corporation
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Warn Industries Inc.
Dover Corporation
EMCE WINCHES
Ingersoll Rand, Inc.
Mile Marker Industries, LLC
PACCAR Inc.
Okeanus
Ramsey Industries
Smittybilt Inc.

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Winch Market Size & Share, Global Report 2025-2037

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In October 2024, Dover Corporation announced that its subsidiary, Dover Resources, has successfully completed the acquisition of Warn Industries Inc. This strategic move was finalized for approximately USD 325 million in cash, enhancing Dover's portfolio and market presence significantly.
In October 2023, TWG, a Dover Corporation division, launched the dp EL22 Electric Winch, which features a rated line pull of 22,000 lbs. The EL22 offers an industrial-grade, high-performance DC electric winch, setting it apart from typical consumer-grade electric winches.
In February 2020, ITOCHU Corporation has announced a significant strategic investment in Winch Energy Limited. This investment will be conducted through its wholly owned subsidiary, ITOCHU Europe PLC, to enhance energy solutions.
In August 2020, Okeanus delivered an active heave compensated umbilical winch and A-Frame style LARS to NiGK Corporation, deployed by JOGMEC for deep-sea mining missions. The system was crucial for handling a seabed drill and was manufactured at Okeanus’ Houston facility.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the winch market was over USD 2.1 billion.

The market size for the winch market is projected to reach USD 3.7 billion by the end of 2037 expanding at a CAGR of 5% during the forecast period i.e., between 2025-2037.

The major players in the market are Warn Industries Inc., Dover Corporation, EMCE WINCHES, Ingersoll Rand, Inc., and others.

In terms of the applications segment, the planetary segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 39.2% by the end of 2037 and provide more business opportunities in the future.

Winch Market - Top Companies and Manufacturers

Companies Dominating the Winch Landscape

Browse Key Market Insights with Data Illustration:

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Frequently Asked Questions (FAQ)

How big is the winch market?

What is the outlook for the winch market?

Who are the major players dominating the winch market?

Which product type segment will capture the significant market share for the winch market by 2037?

Which region will provide more business opportunities for the growth of the winch market in the future?