The global rescue hoists and cargo winches market size was valued at $1,477.37 million in 2020, and is projected to reach $2,344.39 million by 2026, growing at a CAGR of 8.0% during the forecast period.
• Growing investment by government organization and increasing demand from military forces are expected to augment the industry growth in foreseeable future.
• Additionally, there is a continuous demand for advance and capable SAR helicopter and rescue hoist and winches from military forces of developing countries. These helicopters will be used for maritime surveillance, SAR, medical evacuation, casualty evacuation, and logistics support to ships as well as pollution response sorties.
• However, the disruption in electronics and mechanical parts supply chain due to border closures have negatively impacted the production volumes of rescue hoists and cargo winches. This factor hindered the growth of rescue hoists and cargo winches market.
• Moreover, the Rescue and Salvage Bureau (CRS) of the Chinese Ministry of Transport (MOT) expanded its medium class search and rescue helicopter fleet with the Airbus H175. These new H175 were procured to perform SAR mission in busiest areas for marine traffic (seven of the 10 busiest container ports in the world are in China) as well as various offshore areas such as the Bohai Sea and the Yellow Sea.
Around four government-owned helicopters employ rescue hoists around the world. During rescue, insertion, or extraction operations, rescue hoists and cargo winches are utilised to assist personnel. To replace rescue hoists and cargo winches, governments around the world are investing in innovative pre-installed helicopters. Almost every government-owned helicopter now has a rescue hoist. Rescue operations, medical evacuations, humanitarian aid, disaster relief, and surveillance and targeting are all carried out by these helicopters.
By End User, the Major Market Share is Held by Law Enforcement Agencies Segment
The law enforcement agencies segment accounted for a significant share in the global rescue hoists and cargo winches market. Helicopter-equipped law enforcement agencies from local and national police forces have since been committed to executing search and rescue (SAR) duties as additional assignments. Helicopters used for law enforcement SAR range from light single-engine ships to heavy twins.
By Geography, North America Region is Projected to Strong Presence in the Global Market
North America was the leading regional market. In the US, the most common SAR aircraft for police units is the Airbus H125 and its derivatives. With no national police force, single-engine rescue ships are the standard within local and state agencies. Larger and busier police rescue units, on the other hand, are adding Airbus H145s and Bell 429s to their fleets, with one serving as the principal rescue ship and the other single-engine ships mostly serving as law enforcement patrol ships. The Department of Defense provides a unique supply of helicopters for US law enforcement: retired military helicopters, such as the Bell UH-1 Huey, can be handed to civilian government organisations at no cost.
List of the Key Players Profiled in the Market Include:
• Breeze-Eastern, LLC
• Collins Aerospace
• Dart Aerospace
• Honeywell International Inc.
• KubanAviaService
• LIFT-IT MANUFACTURING COMPANY, INC
• Lite Flite ApS
• Sika Interplant Systems Limited
• VINCORION
• Zephyr International
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Type:
• Ground Support Equipment
• Hoists
• Winches
Market by, Application:
• Law Enforcement and Firefighting
• MedEvac
• Search and Rescue
• Utility
Market by, End User:
• Fire Fighters
• Law Enforcement Agencies
• Medical Evacuation Crews
• Military Forces
Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Rising investment by government organization
4.1.2 Increasing demand from military forces
4.2 Market Restraints
4.2.1 Disruption in electronics and mechanical parts supply
4.3 Market Opportunities
4.3.1 Investment in research & development by manufacturers
4.4 Market Challenges
4.4.1 Lower output of fixed wing aircraft and helicopters
4.5 Impact of COVID-19 on Rescue Hoists and Cargo Winches Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Rescue Hoists and Cargo Winches Market by, Type
6.1 Overview
6.2 Ground Support Equipment
6.3 Hoists
6.4 Winches
7 Global Rescue Hoists and Cargo Winches Market by, Application
7.1 Overview
7.2 Law Enforcement and Firefighting
7.3 MedEvac
7.4 Search and Rescue
7.5 Utility
8 Global Rescue Hoists and Cargo Winches Market by, End User
8.1 Overview
8.2 Fire Fighters
8.3 Law Enforcement Agencies
8.4 Medical Evacuation Crews
8.5 Military Forces
9 Global Rescue Hoists and Cargo Winches Market by, Geography
9.1 Overview
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 Breeze-Eastern, LLC
10.1.1 Business Overview
10.1.2 Product/Service Offering
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Activities
11.2 Collins Aerospace
11.3 Dart Aerospace
11.4 Honeywell International Inc.
11.5 KubanAviaService
11.6 LIFT-IT MANUFACTURING COMPANY, INC
11.7 Lite Flite ApS
11.8 Sika Interplant Systems Limited
11.9 VINCORION
11.10 Zephyr International
Report Details
SKU Code | : DI2054 |
Industry | : Automotive & Transportation |
Region | : Global |
Tables | : 120 |
Format | : Electronic PDF |
Published | : 2023 |
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