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

Law Enforcement Agencies Segment to Dominate APAC Rescue Hoists and Cargo Winches Market during 2021-2028

According to this research study titled “APAC 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$ 895.67 million by 2028 from US$ 482.11 million in 2021. The market is estimated to grow at a CAGR of 9.3% from 2021 to 2028. The report provides trends prevailing in the APAC rescue hoists and cargo winches market along with the drivers and restraints pertaining to the market growth. Surging investment in research & development by manufacturers and burgeoning advancement in hoists and winches are the major factor driving the growth of the APAC rescue hoists and cargo winches market. However, weight of external hoist systems and limited attraction among air ambulance service providers hinders the growth of APAC rescue hoists and cargo winches market.

In case of COVID-19, India is the worst affected country in APAC region. The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in APAC countries had taken possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China is one of the leading aerospace manufacturing countries in the region, has been one of APAC's most affected countries during Q1 of 2020. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of general aviation and military helicopter production in India and Japan slowed down the demand for various components among the OEMs and aftermarket players. This has been negatively affecting the rescue hoists and cargo winches market.

The APAC rescue hoists and cargo winches market is segmented based on type, application, end users, and country. Based on type, the APAC 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 APAC 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 expected to be fastest growing during forecast period.

Breeze-Eastern, LLC; Collins Aerospace; Dart Aerospace; Honeywell International Inc.; Lite Flite ApS; Sika Interplant Systems Limited; VINCORION; and Zephyr International are among the leading companies in the APAC 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 2018,VINCORION launched a innovated version of Skyhoist 800 with its sophisticated capstan technology, dead weight of maximum 50 kilograms, hoisting capacity of up to 350 kilograms, cable length of 120 meters and maximum hoisting speed of 2 meters per second.

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

APAC Rescue Hoists and Cargo Winches Market - By Type

• Hoists
• Winches
• Ground Support Equipment

APAC Rescue Hoists and Cargo Winches Market - By Application

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

APAC Rescue Hoists and Cargo Winches Market - By End Users

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

APAC Rescue Hoists and Cargo Winches Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC