Middle East & Africa Rescue Hoists and Cargo Winches Market
Geographically, the rescue hoists and cargo winches market in the Middle East and Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East and Africa. The market growth in this region is attributed to the increasing focus on military budget and improving search and rescue operation. The governments of Middle East and African countries such as Saudi Arabia, South Africa, the UAE, Qatar, Kuwait, and Iran have been investing in technological advance equipment that has propelled the adoption of rescue hoists and cargo winches. This factor has resulted in the entrance of OEMs in the region, thereby creating competition in the Middle East market. Established OEMs players including Collins Aerospace, Breeze- Eastern LLC, and Dart Aerospace have strengthened their distribution network in the region. These players have been investing in R&D to fill the gap of supply and demand and cater the pre-requisite needs of military forces.
In case of COVID-19, MEA region is highly affected especially Saudi Arabia. The MEA rescue hoists and cargo winches market is majorly affected by the disruption in the supply chain. Pertaining to the closure of countries' borders, the supply chain of several components and parts has been disturbed. The demand for aircraft and helicopter components, including rescue hoists and cargo winches for line fitting and retrofitting activities on military aircraft fleet and general aviation fleet among the aircraft manufacturers, military forces, and MRO service providers, has weakened over the past couple of months. This has resulted in a loss of business among the rescue hoists and cargo winches market players offering their products to respective customers in the MEA region. Saudi Arabian government spends substantial amounts toward its military force, law enforcement teams, and firefighting teams, thereby continuously supporting the teams with upgraded technologies in order to remain mission ready. However, the COVID-19 outbreak in the country has decimated the demand for general aviation and military helicopters, which reflected limited demand for rescue hoists and cargo winches among the retrofitters in the country and OEMs present internationally.
Strategic insights for the Middle East & Africa 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$ 72.95 Million |
| Market Size by 2028 | US$ 100.17 Million |
| Global CAGR (2021 - 2028) | 4.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa 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 MEA rescue hoists and cargo winches market is expected to grow from US$ 72.95 million in 2021 to US$ 100.17 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Burgeoning investment by government organization across MEA region will drive the market. Governments across the MEA region have been investing in procuring advance helicopters that have preinstalled rescue hoists and cargo winches to replace the old one. At present, almost all the government owned helicopters have rescue hoists. Such helicopters are used in rescue mission, medical evacuation, humanitarian assistance, disaster relief, and surveillance and targeting. There is stringent regulation regarding the manufacturing of rescue hoists and cargo winch system. For instance, there are specifications laid down on basic design and raw material used. Usually, austenitic stainless steel is used for the manufacture of rescue hoists and cargo winch to offer corrosion resistant property. Also, wire rope fabrication should be in a specified manner. Therefore, manufacturers of rescue hoists and cargo winches need to be careful while testing the capabilities of the products. These factors are driving the growth of the MEA rescue hoists and cargo winches market. Government of MEA countries are now procuring new helicopters for search rescue and medical evacuation purpose. The ongoing procurement of new SAR helicopters and need for advance rescue hoist is propelling the growth of the MEA rescue hoists and cargo winches market.
In terms of type, the hoists segment accounted for the largest share of the MEA rescue hoists and cargo winches market in 2020. In terms of application, the search and rescue segment held a larger market share of the MEA rescue hoists and cargo winches market in 2020. Further, the law enforcement agencies segment held a larger share of the MEA 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 MEA 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; Honeywell International Inc.; Lite Flite ApS; and Zephyr International.
The Middle East & Africa Rescue Hoists and Cargo Winches Market is valued at US$ 72.95 Million in 2021, it is projected to reach US$ 100.17 Million by 2028.
As per our report Middle East & Africa Rescue Hoists and Cargo Winches Market, the market size is valued at US$ 72.95 Million in 2021, projecting it to reach US$ 100.17 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Rescue Hoists and Cargo Winches Market report:
The Middle East & Africa 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 Middle East & Africa Rescue Hoists and Cargo Winches Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Rescue Hoists and Cargo Winches Market value chain can benefit from the information contained in a comprehensive market report.
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