Rescue Hoists and Cargo Winches Market Trends, Share, Trends By 2028

Rescue Hoists and Cargo Winches Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Hoists, Winches, and Ground Support Equipment), Application (Search and Rescue, MedEvac, Utility, and Law Enforcement and Firefighting), and End Users (Military Forces, Law Enforcement Agencies, Fire Fighters, and Medical Evacuation Crews)

Publication Month : Apr 2021

  • Report Code : TIPRE00019428
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 162
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The rescue hoists and cargo winches market was valued at US$ 1638.42 million in 2020 and is projected to reach US$ 2734.50 million by 2028; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.

Governments across the world 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 global rescue hoists and cargo winches market

Governments of developed as well as developing countries are now procuring new helicopters for search rescue and medical evacuation purpose. For instance, in 2016, Ministry of Defense (MOD), government of India decided to procure ~111 Naval Utility Helicopters (NUH) along-with two flight simulators, one maintenance simulator, and infrastructure. The intended use of these helicopters was for search and rescue, medical evacuation, communication duties, and surveillance & targeting, among others. The technical specification clearly mentioned about the installation of advance rescues hoists that has defined load capacity and minimal usable cable length. Like India, the US government has also been procuring new and advance helicopters that has comprehensive rescue hoists. For instance, US has Sikorsky S-92, twin-engine medium-lift helicopter that is equipped with dual rescue hoist with spotlight, one or two triple NATO-standard litter kits, wire strike protection, and cargo hook. In 2020, European countries such as Norway, the Netherlands, Ireland, and the UK, decided to replace their old search and rescue (SAR) helicopters with new and advance one. The tender pre-selection for the ‘Search-and-Rescue Helicopter Capacity (SARHC) for the Netherlands Coastguard’ was released in April 2020 by the Defence Materiel Organisation (DMO) of the Ministry of Defense of the Netherlands (MOD NL). The tender mentions various technical specifications including that of rescue hoists. Therefore, the ongoing procurement of new SAR helicopters and need for advance rescue hoist is propelling the growth of the rescue hoists and cargo winches market.

Impact of COVID-19 Pandemic on Rescue Hoists and Cargo Winches Market

The recent outbreak of the COVID – 19 has significantly affected the world and is continuing to shatter several countries. Until the outbreak of COVID–19, the aerospace industry was experiencing substantial growth in terms of production and services, despite huge backlogs from the aircraft (both fixed wing aircraft and helicopters) manufacturers; the global aviation industry witnessed a significant rise in the number aircraft procurement (both commercial and military), as well as rise growth in MRO activities. Unfortunately, the COVID–19 outbreak has decimated the demand for aircraft (both fixed wing aircraft and helicopters) globally, which reflected significantly lower volumes of orders among the airframe manufacturers, which resulted in a lower number of airframe production. The decline in production volumes adversely affected the businesses of various component manufacturers. Thus, FY2020 has turned the aviation industry upside down as the aircraft manufacturer (both fixed wing aircraft and helicopters) refrained from procuring various components during the first two quarters of 2020. Thus, the businesses of rescue hoist and cargo winches market players have been severely affected by destabilization in aircraft (both fixed wing aircraft and helicopters) production.


Lucrative Regional Markets for Rescue Hoists and Cargo Winches Providers

Lucrative Regional Markets for Rescue Hoists and Cargo Winches Providers
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Rescue Hoists and Cargo Winches Market Insights

Continuous Demand from Military Forces Fuels the Market Growth

There is a continuous demand for advance and capable SAR helicopter and rescue hoist and winches from military forces of developing countries. The UK, one of the prominent countries in Europe, is investing on the procurement of the second-generation or 2G SAR service. The UK’s Maritime & Coastguard Agency (MCA) is looking for helicopters that are equipped with emerging technologies such as UAVs or even high-altitude pseudo-satellites for surveillance. Similarly, Government of India decided to procure 14 Twin-Engine Heavy Helicopters (TEHH), for Indian Coat Guards, in January 2021. These helicopters will be operational by FY 2025–2026. These helicopters will be used for maritime surveillance, SAR, medical evacuation, casualty evacuation, and logistics support to ships as well as pollution response sorties.

Similarly, in March 2019, the Rescue and Salvage Bureau (CRS) of the Chinese Ministry of Transport (MOT) expanded its medium class search and rescue helicopter fleet with the Airbus H175. These new H175 were procured to perform SAR mission in busiest areas for marine traffic (seven of the 10 busiest container ports in the world are in China) as well as various offshore areas such as the Bohai Sea and the Yellow Sea. These instances of continuous procurement of new and advance SAR helicopters have created immense opportunity for component manufacturers of such helicopters including rescue hoists and cargo winches manufacturers to develop innovative products with enhanced capabilities.

Type - Based Market Insights

Based on type, the rescue hoists and cargo winches market is further segmented into hoists, winches, and ground support equipment. In 2020, the hoists segment accounted for a significant share in the global rescue hoists and cargo winches market.

Rescue Hoists and Cargo Winches Market, by Type – 2020 and 2028

Rescue Hoists and Cargo Winches Market, by Type – 2020 and 2028
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Application-Based Market Insights

Based on application, the rescue hoists and cargo winches market is further segmented into search and rescue, medevac, utility, and law enforcement and firefighting. In 2020, the search and rescue segment accounted for a significant share in the global rescue hoists and cargo winches market.

End Users-Based Market Insights

Based on end users, the rescue hoists and cargo winches market is further segmented into military forces, law enforcement agencies, fire fighters, and medical evacuation crews. In 2020, the law enforcement agencies segment accounted for a significant share in the global rescue hoists and cargo winches market.

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Rescue Hoists and Cargo Winches Market: Strategic Insights

rescue-hoists-and-cargo-winches-market
Market Size Value inUS$ 1638.42 Million in 2020
Market Size Value byUS$ 2734.50 Million by 2028
Growth rateCAGR of 7.3% from 2021-2028
Forecast Period2021-2028
Base Year2021
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The players operating in the rescue hoists and cargo winches market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In March 2021, Dart Aerospace with Talon Helicopters have received approval from the Canada transport department to perform night hover refill operations. this operation of firefighting through air will also increase the demand for its rescue hoists across the country.

In February 2018, VINCORION launched an 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.


By Type

  • Hoists
  • Winches
  • Ground Support Equipment

By Application

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

By End-Users

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

By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Company Profiles

  • Breeze-Eastern, LLC
  • Dart Aerospace
  • KubanAviaService
  • Lift-It Manufacturing Company, Inc
  • VINCORION
  • Zephyr International
  • Collins Aerospace
  • Honeywell International Inc.
  • Sika Interplant Systems Limited
  • Lite Flite ApS
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Application , and End Users

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region led the rescue hoists and cargo winches market in 2020?

Presently, North America held the largest revenue share of global rescue hoists and cargo winches market. North America has seen significant technological advances, which has resulted in highly competitive markets. In the region, governments are strongly focusing on expanding and enhancing the military equipment. The governments have also increased the overall investment and have been keen in replacing components and equipment with new and advance ones.

Which factor is driving growth of the rescue hoists and cargo winches market?

Investment by government organization and continuous demand from military forces are driving the growth of the global rescue hoists and cargo winches market.

Which type segment led the rescue hoists and cargo winches market?

The global rescue hoist and cargo winches market is segmented into hoist, winches and ground support equipment. The hoist segment held the largest market in 2020 and is expected to hold its dominating share throughout the forecast period. However, the winches segment is anticipated to grow at a strong pace during the forecast period, owing to the rising demand for the same. The winches have the capability to lift and hold more weights than hoists, and pertaining to this, the demand for winches is rising among the end users. This factor is analyzed to project the growth of rescue hoists and cargo winches market.

The List of Companies - Rescue Hoists and Cargo Winches Market

  1. Breeze-Eastern, LLC
  2. Dart Aerospace
  3. KubanAviaService
  4. LIFT-IT MANUFACTURING COMPANY, INC
  5. VINCORION
  6. Zephyr International
  7. Collins Aerospace, a Raytheon Technologies Corporation Company
  8. Honeywell International Inc.
  9. Sika Interplant Systems Limited
  10. Lite Flite ApS

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

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  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

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  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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