Infrastructure and Marine Expansion Drive Hydraulic Hoisting Winch Market Growth
The global hydraulic hoisting winch market was valued at US$ 6.6 Bn in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2034, reaching approximately US$ 13.8 Bn by the end of the forecast period. Growth is being driven by rising infrastructure development, expanding marine and oil & gas activities, and increasing demand for vehicle recovery systems worldwide.
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