Middle East and Africa Rescue Hoists and Cargo Winches Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Application, and End Users

Winches Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to this research study titled “MEA Rescue Hoists and Cargo Winches Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Application, and End Users,” the market is expected to reach US$ 100.17 million by 2028 from US$ 72.95 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the MEA rescue hoists and cargo winches market along with the drivers and restraints pertaining to the market growth. Advancement in hoists and winches and escalating investment in research & development by manufacturers are the major factor driving the growth of the MEA rescue hoists and cargo winches market. However, complications related to weight of external hoist systems and limited attraction among air ambulance service providers hinders the growth of MEA rescue hoists and cargo winches market.

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.

The MEA rescue hoists and cargo winches market is segmented based on type, application, end users, and country. Based on type, the MEA rescue hoists and cargo winches market is sub-segmented into hoists, winches, and ground support equipment. The hoists segment dominated the market in 2020 and winches segment is expected to be fastest growing during forecast period. Based on application, the MEA rescue hoists and cargo winches market is categorized into search and rescue, medical evacuation (MEDEVAC), utility, and law enforcement and firefighting. The search and rescue segment dominated the market in 2020 and law enforcement and firefighting segment is expected to be fastest growing during forecast period. Based on end users, the market is sub-segmented into military forces, law enforcement agencies, fire fighters, and medical evacuation crews. The law enforcement agencies segment dominated the market in 2020 and fire fighters segment is expected to be fastest growing during forecast period.

Breeze-Eastern, LLC; Collins Aerospace; Honeywell International Inc.; Lite Flite ApS; and Zephyr International are among the leading companies in the MEA rescue hoists and cargo winches market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Collin’s Aerospace announced the launch of Pegasus hoist which is completely digitally operated for enabling pilotless helicopter rescue operation to its clients.

The Report Segments the MEA Rescue Hoists and Cargo Winches Market as Follows:

MEA Rescue Hoists and Cargo Winches Market - By Type

• Hoists
• Winches
• Ground Support Equipment

MEA Rescue Hoists and Cargo Winches Market - By Application

• Search and Rescue
• MedEvac
• Utility
• Law Enforcement and Firefighting

MEA Rescue Hoists and Cargo Winches Market - By End Users

• Military Forces
• Law Enforcement Agencies
• Fire Fighters
• Medical Evacuation Crews

MEA Rescue Hoists and Cargo Winches Market - By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of MEA