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Rescue Hoist Systems Market

Market Insights on Rescue Hoist Systems covering sales outlook, demand forecast & up-to-date key trends

Rescue Hoist Systems Market By Type (Chain Type Rescue Hoist Systems, Wire Type Rescue Hoist Systems), Source (Electric Rescue Hoist Systems, Hydraulic Rescue Hoist Systems), Design (Level Wind Translating Drum Rescue Hoist System), Source of Capacity, End User (Coast Guards, Medical Evacuation Crews), Aircraft Type (Rotary-wing Aircraft, Civil Helicopters) & Region - Forecast 2022-2032

Rescue Hoist Systems Market Overview

The rescue hoist systems market is expected to register a CAGR of 7% during the forecast period, up from US$ 1753.11 Mn in 2021 to reach a valuation of US$ 3690.04 Mn by 2032.

The rescue hoist systems market is anticipated to show promising growth prospects during the forecasted period owing to a substantial increase in the use of rescue hoist systems by disaster relief and rescue organizations all around the world.

Attributes

Details

CAGR (2022-2032)

7%

Rescue Hoist Systems Market Value 2021

US$ 1753.11 Mn

Rescue Hoist Systems Market Value 2032

US$ 1753.11 Mn

Sales of rescue hoist systems are expected to rise as natural disasters that strike land and sea bodies on a regular basis have resulted in an increase in property and human life loss in recent years. This resulted in opening up the lucrative potential for participants in the global rescue hoist systems market.

In addition to this, demand for rescue hoist systems is rising on account of significant growth in the use of emergency rescue and response vessels by disaster response and rescue assistance groups around the world.

Furthermore, factors such as strict guidelines and standards from regulating authorities for rescue equipment design are also projected to contribute to the growth of the rescue hoist systems market share.

Some of the key rescue hoist systems market trends promoting the demand for rescue hoist systems include the prevalent trend to use better technology components for better results. This will contribute towards the growth of the rescue hoist systems market share during the forecast period.

The fact that market maturity will be achieved in a short period of time from the fulfilment of the demand for rescue hoist systems in existing and new territories, as well as a longer product shelf life, may have a restraining effect on rescue hoist system market growth.

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What are the Key Contributors to the Rescue Hoist Systems Market Share?

Demand for rescue hoists systems is expected to rise exponentially during the forecasted period as they are employed to save lives during rescue missions and disaster relief activities.

The rescue hoists systems market share is anticipated to grow as coast guards, medical evacuation crews, armies, firefighters, and police forces, as well as private operators and security groups, use rescue hoists all over the world. This also resulted in increased sales of rescue hoists systems.

For extraction and insertion from a rescue site, the helicopter hoist is a frequently used and efficient operation.

On the basis of the source, there are primarily two types of rescue hoist systems supporting the overall market: hydraulic and electric. The level wind translating drum rescue hoist system and the level wind translating cable rescue hoist system are the two main rescue hoist designs.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Region holds the Highest Growth Potential in the Rescue Hoist Systems Market?

North America, the Middle East and Africa, Western Europe, Eastern Europe, Latin America, East Asia Pacific, South Asia, and Oceania are the eight regions that make up the rescue hoist systems market.

Europe and America are predicted to lead the global rescue hoist systems market during the forecast period. The Asia Pacific is expected to dominate the rescue hoist systems market during the forecast period due to considerable government investment.

In the Asia Pacific rescue hoist systems market, the aviation industry is likely to rise rapidly, and major increases in defence spending in Asia Pacific nations such as China, India, and Vietnam are expected to contribute to the expansion of regional demand for rescue hoist systems.

How is the Competitive Landscape in the Rescue Hoist Systems Market?

Some of the market participants operating across the value chain of the global rescue hoist systems market are Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll-Rand plc, Columbus McKinnon, Konecranes Oyj, SWF Krantechnik GmbH, KITO Group, UTC Aerospace Systems, RUAG Group, Breeze-Eastern LLC, JAMCO Corporation.

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Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 7% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Type, Source, Design, End Use, Aircraft type, Source of capacity, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll-Rand plc, Columbus McKinnon, Konecranes Oyj, SWF Krantechnik GmbH, KITO Group, UTC Aerospace Systems, RUAG Group, Breeze-Eastern LLC, JAMCO Corporation.

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Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The rescue hoist systems market is predicted to register a CAGR of 7% during the forecast period.

Key players holding substantial rescue hoist systems market share include Hitachi Industrial Equipment Systems Co., Ltd., Ingersoll-Rand plc, Columbus McKinnon, Konecranes Oyj, SWF Krantechnik GmbH, KITO Group, UTC Aerospace Systems, RUAG Group, Breeze-Eastern LLC, JAMCO Corporation.

As per the analysis, the rescue hoist systems market share is likely to be US$ 3690.04 Mn by 2032.

Demand for rescue hoist systems is likely to rise on the back of increasing natural disasters that strike land and sea bodies on a regular basis have resulted in an increase in property and human life loss in recent years

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Rescue Hoist Systems Market