UAE Winches Market (2021-2027)
Market Forecast By Type (Electric Winches, Hydraulic Winches, Manual Winches), By Applications (Mining, Construction, Utility, Freight, Oceaneering, Others) And Competitive Landscape
According to 6Wresearch, UAE Winches Market size is projected to grow at CAGR of 7.6% during 2021-27.UAE Winches Market has declined over the past few years on account of reduced government expenditure due to low crude oil prices, which resulted in the cancellation of many large-scale construction projects, thereby affecting the demand negatively. However, the rising government infrastructure spending, underpinned by initiatives such as “Abu Dhabi Economic Vision 2030” and “Dubai Industrial Strategy 2030” coupled with rising FDI and private sector investment in the infrastructure and logistics sectors would drive the winches market in the country.
UAE winches market has witnessed a decline over the last year on account of the current outbreak of the COVID-19 pandemic, due to which the construction sector witnessed a massive hit, thus, negatively impacting the market in the country. Further, halting and cancellation of several projects in the wake of factors such as decreased government revenues due to contraction of hydrocarbon exports has also negatively affected the market.
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Market Analysis by Types
Based on types, Electrical Winches acquired the highest revenue share for the year 2020 owing to the huge requirements of high-capacity electric winches in the construction and oil & gas sectors and manual winches and winches for truck acquired the maximum volume share for the year 2020 owing to their increased usage for towing and lifting purposes in the automotive and oceaneering sectors.
Key Highlights of the Report
UAE Winches Market Overview
UAE Winches Market Trends & Industry Life Cycle
UAE Winches Market Outlook
UAE Winches Market Forecast
Market Opportunity Assessment
UAE Winches Market Share, By Players
Market Drivers and Restraints
Porter’s Five Force Analysis
Market Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Historical Data and Forecast of Market Revenues, By Applications for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Regions for the Period 2017-2027F
Historical Data and Forecast of UAE Winches Market Revenues for the Period 2017-2027F
Historical Data and Forecast of Market Revenues, By Types for the Period 2017-2027F
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