The automotive winches system market size has grown strongly in recent years. It will grow from $2.51 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historical period can be credited to several factors including the increasing popularity of recreational activities, growing awareness of the benefits offered by winch systems, rising demand for efficient and high-performance winch motors, increased investments in research and development for advanced winch systems, and the expanding production of electric and hydraulic winches.
The automotive winches system market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. Anticipated growth in the forecast period can be attributed to factors such as population growth, increasing sales of recreational vehicles, rising demand for cost-effective and high-quality winches, expanding automobile sales, and the increasing adoption of fully electronically controlled winch systems. Key trends expected during this period include advancements in technology, integration of wireless remote control technologies, smart technology implementation, customizable winch designs, and advancements in winch braking systems.
The automotive winches system market is poised for growth, driven by increasing demand for recreational vehicles (RVs). RVs are motor vehicles or trailers equipped with living spaces and amenities, catering to recreational use, travel, camping, or extended road trips. This demand is fueled by rising interest in outdoor activities, flexible travel options, and advancements in RV technology that enhance traveler comfort and convenience. Automotive winch systems, essential in RVs and off-road vehicles, enhance their capabilities and safety during outdoor adventures. They enable adventurers to navigate challenging terrains, assist others, and handle emergencies effectively. For example, in 2024, Condor Ferries reported a 16% increase in RV shipments from 2021, totaling 53,290 units, underscoring the robust growth in recreational vehicle demand and its impact on the automotive winches system market.
Leading companies in the automotive winches systems market are focused on innovation to enhance product performance, safety, and reliability across various applications, such as winches for trucks and SUVs. These mechanical devices are specifically designed for mounting on trucks and SUVs to facilitate the pulling or lifting of heavy loads. For instance, in June 2024, Warn Industries launched the ZEON XD series, a new line of winches for trucks and SUVs. These winches feature a sturdy and modern design, combining high-performance capabilities with aesthetic appeal. Equipped with advanced motors and geartrains, they offer faster line speeds and greater pulling power, suitable for demanding recovery operations. Utilizing synthetic ropes, these winches provide superior strength while being lightweight and easier to handle compared to traditional steel cables.
In June 2021, TSG Consumer Partners LP, a US-based private equity firm, completed the acquisition of Rough Country LLC for an undisclosed sum. This strategic move aims to capitalize on TSG Consumer Partners' expertise in digital marketing and brand development to enhance Rough Country's digital ecosystem and consumer engagement strategies. The acquisition also targets increasing brand awareness and loyalty, expanding product offerings, and investing in both physical and digital infrastructure. Rough Country LLC, based in the US, is renowned for its high-quality electric winch systems tailored for off-road vehicles.
Major companies operating in the automotive winches system market are Ingersoll-Rand Inc., ARB Corporation Ltd., Curt Manufacturing, MacArtney AS, TJM Products Pty Ltd., Warn Industries Inc., Westin Automotive Products Inc., Ironman 4x4 Pty Ltd., Smittybilt Inc., Dutton-Lainson Company, Mile Marker Industries LLC, Reese Towpower, Engo Industries Inc., Ramsey Winch Inc., Superwinch LLC, Runva Enterprises Ltd., Pierce-Arrow Inc., RED Winches Ltd., ComeUp Industries Inc., Rugged Ridge Inc., Bulldog Winch Co. LLC, X-Bull Auto Accessories Co. Ltd.
North America was the largest region in the automotive winches system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive winches system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive winches system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automotive winch systems are mechanical devices intended for pulling or lifting heavy loads by winding a cable or rope around a rotating drum. They are typically installed on trucks and off-road vehicles to assist in recovery operations and the towing or lifting of heavy objects.
The primary types of automotive winch systems include electric winches, hydraulic winches, and manual winches. Electric winches are powered by electricity and employ a motor-driven drum to pull heavy loads. They find common use in off-road vehicles and industrial settings where consistent pulling power is required without manual exertion. These winches are available for various vehicle types, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles, and are distributed through channels such as direct sales and distributors. They serve diverse end-users such as all-terrain vehicles, off-road vehicles, and agricultural machinery.
The automotive winches systems market research report is one of a series of new reports that provides automotive winches systems market statistics, including automotive winches systems industry global market size, regional shares, competitors with an automotive winches systems market share, detailed automotive winches systems market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive winches systems industry. This automotive winches systems research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive winches systems market consists of sales of mechanical winches, synthetic rope, wire rope, and winch mounting kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive winches system market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. Anticipated growth in the forecast period can be attributed to factors such as population growth, increasing sales of recreational vehicles, rising demand for cost-effective and high-quality winches, expanding automobile sales, and the increasing adoption of fully electronically controlled winch systems. Key trends expected during this period include advancements in technology, integration of wireless remote control technologies, smart technology implementation, customizable winch designs, and advancements in winch braking systems.
The automotive winches system market is poised for growth, driven by increasing demand for recreational vehicles (RVs). RVs are motor vehicles or trailers equipped with living spaces and amenities, catering to recreational use, travel, camping, or extended road trips. This demand is fueled by rising interest in outdoor activities, flexible travel options, and advancements in RV technology that enhance traveler comfort and convenience. Automotive winch systems, essential in RVs and off-road vehicles, enhance their capabilities and safety during outdoor adventures. They enable adventurers to navigate challenging terrains, assist others, and handle emergencies effectively. For example, in 2024, Condor Ferries reported a 16% increase in RV shipments from 2021, totaling 53,290 units, underscoring the robust growth in recreational vehicle demand and its impact on the automotive winches system market.
Leading companies in the automotive winches systems market are focused on innovation to enhance product performance, safety, and reliability across various applications, such as winches for trucks and SUVs. These mechanical devices are specifically designed for mounting on trucks and SUVs to facilitate the pulling or lifting of heavy loads. For instance, in June 2024, Warn Industries launched the ZEON XD series, a new line of winches for trucks and SUVs. These winches feature a sturdy and modern design, combining high-performance capabilities with aesthetic appeal. Equipped with advanced motors and geartrains, they offer faster line speeds and greater pulling power, suitable for demanding recovery operations. Utilizing synthetic ropes, these winches provide superior strength while being lightweight and easier to handle compared to traditional steel cables.
In June 2021, TSG Consumer Partners LP, a US-based private equity firm, completed the acquisition of Rough Country LLC for an undisclosed sum. This strategic move aims to capitalize on TSG Consumer Partners' expertise in digital marketing and brand development to enhance Rough Country's digital ecosystem and consumer engagement strategies. The acquisition also targets increasing brand awareness and loyalty, expanding product offerings, and investing in both physical and digital infrastructure. Rough Country LLC, based in the US, is renowned for its high-quality electric winch systems tailored for off-road vehicles.
Major companies operating in the automotive winches system market are Ingersoll-Rand Inc., ARB Corporation Ltd., Curt Manufacturing, MacArtney AS, TJM Products Pty Ltd., Warn Industries Inc., Westin Automotive Products Inc., Ironman 4x4 Pty Ltd., Smittybilt Inc., Dutton-Lainson Company, Mile Marker Industries LLC, Reese Towpower, Engo Industries Inc., Ramsey Winch Inc., Superwinch LLC, Runva Enterprises Ltd., Pierce-Arrow Inc., RED Winches Ltd., ComeUp Industries Inc., Rugged Ridge Inc., Bulldog Winch Co. LLC, X-Bull Auto Accessories Co. Ltd.
North America was the largest region in the automotive winches system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive winches system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive winches system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automotive winch systems are mechanical devices intended for pulling or lifting heavy loads by winding a cable or rope around a rotating drum. They are typically installed on trucks and off-road vehicles to assist in recovery operations and the towing or lifting of heavy objects.
The primary types of automotive winch systems include electric winches, hydraulic winches, and manual winches. Electric winches are powered by electricity and employ a motor-driven drum to pull heavy loads. They find common use in off-road vehicles and industrial settings where consistent pulling power is required without manual exertion. These winches are available for various vehicle types, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles, and are distributed through channels such as direct sales and distributors. They serve diverse end-users such as all-terrain vehicles, off-road vehicles, and agricultural machinery.
The automotive winches systems market research report is one of a series of new reports that provides automotive winches systems market statistics, including automotive winches systems industry global market size, regional shares, competitors with an automotive winches systems market share, detailed automotive winches systems market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive winches systems industry. This automotive winches systems research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive winches systems market consists of sales of mechanical winches, synthetic rope, wire rope, and winch mounting kits. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Winches System Market Characteristics3. Automotive Winches System Market Trends and Strategies32. Global Automotive Winches System Market Competitive Benchmarking33. Global Automotive Winches System Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Winches System Market
4. Automotive Winches System Market - Macro Economic Scenario
5. Global Automotive Winches System Market Size and Growth
6. Automotive Winches System Market Segmentation
7. Automotive Winches System Market Regional and Country Analysis
8. Asia-Pacific Automotive Winches System Market
9. China Automotive Winches System Market
10. India Automotive Winches System Market
11. Japan Automotive Winches System Market
12. Australia Automotive Winches System Market
13. Indonesia Automotive Winches System Market
14. South Korea Automotive Winches System Market
15. Western Europe Automotive Winches System Market
16. UK Automotive Winches System Market
17. Germany Automotive Winches System Market
18. France Automotive Winches System Market
19. Italy Automotive Winches System Market
20. Spain Automotive Winches System Market
21. Eastern Europe Automotive Winches System Market
22. Russia Automotive Winches System Market
23. North America Automotive Winches System Market
24. USA Automotive Winches System Market
25. Canada Automotive Winches System Market
26. South America Automotive Winches System Market
27. Brazil Automotive Winches System Market
28. Middle East Automotive Winches System Market
29. Africa Automotive Winches System Market
30. Automotive Winches System Market Competitive Landscape and Company Profiles
31. Automotive Winches System Market Other Major and Innovative Companies
35. Automotive Winches System Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Winches System Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive winches system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for automotive winches system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive winches system market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Electric Winches; Hydraulic Winches; Manual Winches2) By Function: Automatic; Manual
3) By Vehicle Type: Passenger Vehicle; Light Commercial Vehicle; Heavy Commercial Vehicle
4) By Distribution Channel: Direct Sales; Distributor
5) By End User: All-Terrain Sports Car; Off-Road Vehicle; Agricultural Vehicle
Key Companies Mentioned: Ingersoll-Rand Inc.; ARB Corporation Ltd.; Curt Manufacturing; MacArtney AS; TJM Products Pty Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Ingersoll-Rand Inc.
- ARB Corporation Ltd.
- Curt Manufacturing
- MacArtney AS
- TJM Products Pty Ltd.
- Warn Industries Inc.
- Westin Automotive Products Inc.
- Ironman 4x4 Pty Ltd.
- Smittybilt Inc.
- Dutton-Lainson Company
- Mile Marker Industries LLC
- Reese Towpower
- Engo Industries Inc.
- Ramsey Winch Inc.
- Superwinch LLC
- Runva Enterprises Ltd.
- Pierce-Arrow Inc.
- RED Winches Ltd.
- ComeUp Industries Inc.
- Rugged Ridge Inc.
- Bulldog Winch Co. LLC
- X-Bull Auto Accessories Co. Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.68 Billion |
Forecasted Market Value ( USD | $ 3.5 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |