Automotive Winches System (AWS) Market size to grow by USD 145.44 million from 2022 to 2027, the market is fragmented due to the presence of prominent companies like Aeroklas Asia Pacific Group, American Wheel and Tire 2 Ltd. and BHW Group Ltd., and many more - Technavio

NEW YORK, Jan. 7, 2024 /PRNewswire/ -- The automotive winches system (AWS) market is estimated to grow by USD 145.44 million from 2022 to 2027, growing at a CAGR of 5.31%. The automotive winches system (AWS) market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive winches system (AWS) market are Aeroklas Asia Pacific Group, American Wheel and Tire 2 Ltd., BHW Group Ltd., Dover Corp., Ingersoll Rand Inc., Ironman 4X4 Pty Ltd., MacArtney AS, Mile Marker Industries, Naust Marine ehf., Pierce Arrow Inc., Ramsey Industries, Red Winches Ltd., Robert Bosch GmbH, Smittybilt Inc., Stemmler Winches, Superwinch, T Max Products Pty Ltd., Trelleborg AB, Westin Automotive Inc., and Winches Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying

Company Offering:

• Aeroklas Asia Pacific Group - The company offers products such as TORQ WINCH 12000LB, 9500LB, and 4000LB, under its subsidiary TJM 4X4.
• American Wheel and Tire 2 Ltd. - The company offers automotive winches systems such as Jeep winches, Truck winches, and SUV winches through its subsidiary AWT Offroad.
• Dover Corp. - The company offers automotive winches system products such as VR EVO 10 S WINCH 103253 and AXON 45S POWERSPORT WINCH 101140, under its subsidiary Warn Industries Inc.
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market. The region will contribute 43% to the growth of the global market during the forecast period. Large vehicles such as high-performance pickup trucks and full-size SUVs are preferred by consumers in the US and Canada, supporting the growth of the AWS market in North America. Additionally, vehicles with high ground clearance, off-road ability, and towing capacity are preferred by consumers. The region also serves as a key hub for leading automakers operating in regional and global markets. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.

Market Dynamics

Impactful driver- The rising preference for pickup trucks in emerging economies stands as a significant driver of the Automotive Winches System (AWS) market. This growth fuels demand for Electric Winches, Hydraulic Winches, Integrated winchs, and Utility Winch units. Furthermore, the rise in Off-road Winching, Winch Cover, Winch Solenoid, Winch Cable Guide, and Recovery Winch products aligns with the rising uptake of pickup trucks, indicating a robust growth trajectory for the Automotive Winches System (AWS) market.

Key Trend - The Automotive Winches System (AWS) market experiences a prominent trend in the innovation of sophisticated winch systems, notably featuring remote control clutch systems. This trend aligns with advancements in Planetary Gearing, Worm Gear, Cable Drum, Synthetic Rope, and Steel Cable technologies. Enhanced Load Capacity and Pulling Power, coupled with Remote Control functionalities, epitomize this trend, complemented by innovations in Fairlead, Braking System, Mounting Plate, and Clutch mechanisms, driving the market towards increased efficiency and user convenience.

Significant Challenge - The Automotive Winches System (AWS) market faces the challenge of an intensifying competitive value chain, causing diminishing profit margins for suppliers. This issue significantly impedes market growth, impacting Power Source diversity, Tow Hooks, Winch Bumper innovation, Drum Size variations, and Load Rating optimization. Furthermore, challenges in Anchor Point availability, Winch Controller advancements, Overload Protection integration, Low-Speed Torque enhancement, and Free Spooling mechanisms exacerbate the struggle for suppliers, hampering the market's expansion.

 Market Segmentation

• The electric winches segment will contribute the largest share of the market. These systems have most of their applications for non-industrial purposes as well as being able to work quite well with enough traction on the tap. Additionally, market players operating in the Electric segment AWS offer winch systems with a wider range of configurations and prolific designs

Technavio Research experts have provided more insights on the market share of segments - View a Free Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Vehicle Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio