Europe Rescue Hoists and Cargo Winches Market
The European market is witnessing significant opportunity owing to extensive investment plan by government of the respective countries. The region has one of the strongest military forces and the government set a huge budget for upgradation and procurement of military equipment. In December 2018, The NSPA aviation programme has completed the procurement of a new H215 Super Puma helicopter for the Spanish Air Force. The helicopter configuration with its specific mission equipment allows the performance of search and rescue (SAR) missions. This configuration includes additional fuel tanks to increase the operational range, emergency floatation system to allow missions over the sea to be conducted, and provisions to install a rescue hoist. The cockpit of the helicopter incorporates the advance technologies with multi-functional displays and allows night vision goggles operations. Not only Spain, other countries such as the UK and Germany have also invested in advancing their search and rescue (SAR) helicopters, thereby creating opportunity and demand for advance rescue hoists and cargo winches. In 2019, the Italian government decided to procure the AW169M -a twin-engine, 10-seat, 4.8t helicopter developed and manufactured by the helicopter division of Leonardo. The purchase decision was made under the broad Armed Forces Procurement Program. There was a mention of all the technical specification that included a dedicated configuration of rescue hoists, emergency floatation system, traffic collision avoidance system, and helicopter terrain awareness warning system, among others.
In case of COVID-19, France and Russia are the worst affected countries in Europe region. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of the COVID – 19 viruses has affected each aviation business stakeholders' business in the region. Several contracts to acquire helicopters and aircraft used for rescue operations among the law enforcement agencies, firefighting teams, medevac teams, and military forces were suspended in order to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has negatively affected the European and international rescue hoists and cargo winches market players. From the retrofitting perspective, the rescue hoists and cargo winches retrofitting industry also witnessed economic loss, as the orders for retrofitting rescue hoists and cargo winches were comparatively less than in earlier years. This showcased lower revenue generation among the retrofitters. France, Italy, and Russia have higher numbers of helicopter retrofitters. The majority of retrofitting service providers observed substantially lower volumes of orders, which highlighted restricted demand for rescue hoists and cargo winches. This negatively impacted the growth of the rescue hoists and cargo winches market in the European countries.
Strategic insights for the Europe Rescue Hoists and Cargo Winches provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 361.88 Million |
| Market Size by 2028 | US$ 591.14 Million |
| Global CAGR (2021 - 2028) | 7.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Rescue Hoists and Cargo Winches refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe rescue hoists and cargo winches market is expected to grow from US$ 361.88 million in 2021 to US$ 591.14 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028. Surging advancement in hoists and winches is expected to catalyze the market growth. The design and technology of rescue hoists have advanced steadily. At present, hoists and winches have become powerful and reliable components for rescue and other emergency services. Manufacturers operating in the Europe market have invested ample time and money to enhance the quality and capability of hoists and winches. For instance, Collin Aerospace introduced rescue hoists with an improved traction drive, better cable handling, and a level wind system to enhance the reliability. There has also been mechanical improvement in the hoist and winches, which has made them user friendly. For instance, Pegasus rescue hoists (developed by Collin Aerospace) is the next generation rescue hoists that has multiple features, such as data acquisition sensing and health (DASR) system, which makes sure that the rescue mission is completed effectively and efficiently. Apart from hoists, there have been advancements in hoists hooks. Therefore, continuous improvement in the products over a period is creating further competition and opportunity in the market. Not only established players, but start-ups are also investing time and money in building best in class hoists and winches. Besides, there have been advancements in winches system. The availability of portable winches has made rope rescue less dependent on the rescuer-constructed mechanical advantage system. With significant improvement in battery power, these winches have become more reliable for rescue purpose. So, advancement in winches is expected to drive the Europe market growth.
In terms of type, the hoists segment accounted for the largest share of the Europe rescue hoists and cargo winches market in 2020. In terms of application, the search and rescue segment held a larger market share of the Europe rescue hoists and cargo winches market in 2020. Further, the law enforcement agencies segment held a larger share of the Europe rescue hoists and cargo winches market based on end users in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe rescue hoists and cargo winches market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Breeze-Eastern, LLC; Collins Aerospace; Dart Aerospace; Honeywell International Inc.; KubanAviaService; Lite Flite ApS; VINCORION; and Zephyr International.
The Europe Rescue Hoists and Cargo Winches Market is valued at US$ 361.88 Million in 2021, it is projected to reach US$ 591.14 Million by 2028.
As per our report Europe Rescue Hoists and Cargo Winches Market, the market size is valued at US$ 361.88 Million in 2021, projecting it to reach US$ 591.14 Million by 2028. This translates to a CAGR of approximately 7.3% during the forecast period.
The Europe Rescue Hoists and Cargo Winches Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Rescue Hoists and Cargo Winches Market report:
The Europe Rescue Hoists and Cargo Winches Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Rescue Hoists and Cargo Winches Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Rescue Hoists and Cargo Winches Market value chain can benefit from the information contained in a comprehensive market report.
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