The Europe rescue hoists and cargo winches market is expected to grow from US$ 361.88 million in 2021 to US$ 591.14 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Escalating demand from military forces is expected to surge the Europe rescue hoists and cargo winches market. There is a continuous demand for advance and capable SAR helicopter and rescue hoist and winches from military forces of Europe region. 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. These helicopters will be used for maritime surveillance, SAR, medical evacuation, casualty evacuation, and logistics support to ships as well as pollution response sorties. These instance of continuous procurement of new and advance SAR helicopters has created immense opportunity for component manufacturers of such helicopters including rescue hoists and cargo winches manufacturers across Europe region to develop innovative products with enhanced capabilities. Growing demand of helicopters by military across Europe region is expected to surge the demand of rescue hoists and cargo winches, thereby driving the Europe rescue hoists and cargo winches market.
In case of COVID-19, France and Russia are the worst affected countries in Europe region. The European aviation industry is composed of aircraft OEMs, component suppliers, airlines, and MRO service providers. The outbreak of the COVID – 19 viruses has affected each aviation business stakeholders' business in the region. Several contracts to acquire helicopters and aircraft used for rescue operations among the law enforcement agencies, firefighting teams, medevac teams, and military forces were suspended in order to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has negatively affected the European and international rescue hoists and cargo winches market players. From the retrofitting perspective, the rescue hoists and cargo winches retrofitting industry also witnessed economic loss, as the orders for retrofitting rescue hoists and cargo winches were comparatively less than in earlier years. This showcased lower revenue generation among the retrofitters. France, Italy, and Russia have higher numbers of helicopter retrofitters. The majority of retrofitting service providers observed substantially lower volumes of orders, which highlighted restricted demand for rescue hoists and cargo winches. This negatively impacted the growth of the rescue hoists and cargo winches market in the European countries.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe rescue hoists and cargo winches market. The Europe rescue hoists and cargo winches market is expected to grow at a good CAGR during the forecast period.
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Europe Rescue Hoists and Cargo Winches Market Segmentation
Europe Rescue Hoists and Cargo Winches Market – By Type
- Hoists
- Winches
- Ground Support Equipment
Europe Rescue Hoists and Cargo Winches Market – By Application
- Search and Rescue
- MedEvac
- Utility
- Law Enforcement and Firefighting
Europe Rescue Hoists and Cargo Winches Market – By End Users
- Military Forces
- Law Enforcement Agencies
- Fire Fighters
- Medical Evacuation Crews
Europe Rescue Hoists and Cargo Winches Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Rescue Hoists and Cargo Winches Market -Companies Mentioned
- Breeze-Eastern, LLC
- Collins Aerospace
- Dart Aerospace
- Honeywell International Inc.
- KubanAviaService
- Lite Flite ApS
- VINCORION
- Zephyr International
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End Users
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Rescue Hoists and Cargo Winches Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. Europe Rescue Hoists and Cargo Winches Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Investment by Government Organization
5.1.2 Escalating Demand from Military Forces
5.2 Market Restraints
5.2.1 Problem Related to Weight of External Hoist Systems and Limited Attraction among Air Ambulance Service Providers
5.3 Market Opportunities
5.3.1 Growing Investment in Research & Development by Manufacturers
5.4 Future Trends
5.4.1 Surging Advancement in Hoists and Winches
5.5 Impact Analysis of Drivers and Restraints
6. Rescue Hoists and Cargo Winches Market – Europe Analysis
6.1 Europe Rescue Hoists and Cargo Winches Market Overview
6.2 Europe Rescue Hoists and Cargo Winches Market Overview
7. Europe Rescue Hoists and Cargo Winches Market Analysis– By Type
7.1 Overview
7.2 Europe Rescue Hoists and Cargo Winches Market, by Type (2020 & 2028)
7.3 Hoists
7.3.1 Overview
7.3.2 Hoists: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Winches
7.4.1 Overview
7.4.2 Winches: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Ground Support Equipment
7.5.1 Overview
7.5.2 Ground Support Equipment: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Rescue Hoists and Cargo Winches Market Analysis – By Application
8.1 Overview
8.2 Europe Rescue Hoists and Cargo Winches Market, By Application (2020 & 2028)
8.3 Search and Rescue
8.3.1 Overview
8.3.2 Search and Rescue: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
8.4 MedEvac
8.4.1 Overview
8.4.2 MedEvac: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Utility
8.5.1 Overview
8.5.2 Utility: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Law Enforcement and Firefighting
8.6.1 Overview
8.6.2 Law Enforcement and Firefighting: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Rescue Hoists and Cargo Winches Market Analysis – By End Users
9.1 Overview
9.2 Europe Rescue Hoists and Cargo Winches Market, By End Users (2020 & 2028)
9.3 Military Forces
9.3.1 Overview
9.3.2 Military Forces: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Law Enforcement Agencies
9.4.1 Overview
9.4.2 Law Enforcement Agencies: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Fire Fighters
9.5.1 Overview
9.5.2 Fire Fighters: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Medical Evacuation Crews
9.6.1 Overview
9.6.2 Medical Evacuation Crews: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Rescue Hoists and Cargo Winches Market – Country Analysis
10.1 Overview
10.1.1 Europe: Rescue Hoists and Cargo Winches Market Breakdown, by Country
10.1.1.1 France: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.1.1 France: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.1.2 France: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.1.3 France: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
10.1.1.2 Germany: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.2.1 Germany: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.2.2 Germany: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.2.3 Germany: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
10.1.1.3 Italy: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.3.1 Italy: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.3.2 Italy: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.3.3 Italy: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
10.1.1.4 UK: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.4.1 UK: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.4.2 UK: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.4.3 UK: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
10.1.1.5 Russia: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.5.1 Russia: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.5.2 Russia: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.5.3 Russia: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
10.1.1.6 Rest of Europe: Rescue Hoists and Cargo Winches Market, Revenue and Forecast to 2028
10.1.1.6.1 Russia: Rescue Hoists and Cargo Winches Market Breakdown, by Type
10.1.1.6.2 Rest of Europe: Rescue Hoists and Cargo Winches Market Breakdown, by Application
10.1.1.6.3 Rest of Europe: Rescue Hoists and Cargo Winches Market Breakdown, by End Users
11. Impact of COVID-19 Pandemic on Europe Rescue Hoists and Cargo Winches Market
11.1 Europe
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Breeze-Eastern, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Dart Aerospace
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KubanAviaService
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 VINCORION
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Zephyr International
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Collins Aerospace
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Honeywell International Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Lite Flite ApS
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Rescue Hoists and Cargo Winches Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. France Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 4. France: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. France: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 6. Germany: Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Germany: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Germany: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 9. Italy: Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Italy: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Italy: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 12. UK: Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. UK: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. UK: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 15. Russia: Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 16. Russia: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 17. Russia: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 18. Russia: Rescue Hoists and Cargo Winches Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Europe: Rescue Hoists and Cargo Winches Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. Rest of Europe: Rescue Hoists and Cargo Winches Market, by End Users – Revenue and Forecast to 2028 (USD Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Rescue Hoists and Cargo Winches Market Segmentation
Figure 2. Europe Rescue Hoists and Cargo Winches Market Segmentation – By Country
Figure 3. Europe Rescue Hoists and Cargo Winches Market Overview
Figure 4. Europe Rescue Hoists and Cargo Winches Market, by Type
Figure 5. Europe Rescue Hoists and Cargo Winches Market, by End Users
Figure 6. Europe Rescue Hoists and Cargo Winches Market, by Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. Europe Rescue Hoists and Cargo Winches Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Rescue Hoists and Cargo Winches Market Revenue Share, by Type (2020 & 2028)
Figure 11. Europe Hoists: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Winches: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Ground Support Equipment: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Rescue Hoists and Cargo Winches Market Revenue Share, by Application (2020 & 2028)
Figure 15. Europe Search and Rescue: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe MedEvac: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Utility: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Law Enforcement and Firefighting: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Rescue Hoists and Cargo Winches Market Revenue Share, by End Users (2020 & 2028)
Figure 20. Europe Military Forces: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Law Enforcement Agencies: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Fire Fighters: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Medical Evacuation Crews: Rescue Hoists and Cargo Winches Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Rescue Hoists and Cargo Winches Market, by Key Country – Revenue (2020) (USD Million)
Figure 25. Europe Rescue Hoists and Cargo Winches Market Breakdown, by Country, 2020 & 2028(%)
Figure 26. France Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 27. Germany Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 28. Italy Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 29. UK Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 30. Russia: Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 31. Rest of Europe Rescue Hoists and Cargo Winches Market, Revenue and Forecast, 2018–2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- Breeze-Eastern, LLC
- Collins Aerospace
- Dart Aerospace
- Honeywell International Inc.
- KubanAviaService
- Lite Flite ApS
- VINCORION
- Zephyr International
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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.
A typical research interview fulfils the following functions:
- 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:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
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.
- 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:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 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.
- 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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