Summary
The global economy is expected to expand 5.6% in 2021,global recovery is strong but uneven as many emerging market and developing economies continue to struggle with the COVID-19 pandemic, the world is unlikely to ever reach global herd immunity. However, the recovery in many countries is being held back by a resurgence of COVID-19 cases and lagging vaccination progress, as well as the withdrawal of policy support in some instances.
The annual U.S. economic growth rate slipped to -3.5% in 2020, but grew at a yearly pace of more than 6% in the previous two quarters of 2021. The economy of continental Europe bounced back in the second quarter after having contracted in both the fourth quarter of 2020 and the first quarter of 2021, as the vaccinations accelerated, and governments eased restrictions. Among major economies, the annualized growth rate was 6.1% in Germany, 3.6% in France, 11.2% in Italy, and 11.7% in Spain. The especially rapid growth in Spain and Italy was attributed to a surge in consumer spending, likely the result of an easing of economic restrictions.
Regional Economic Prospects: Growth in the East Asia and Pacific is projected to accelerate by 7.7% in 2021, Central Asia is forecast to grow by 3.9% this year, economic activity in the Middle East and North Africa is forecast to advance by 2.4%, South Asia is projected to expand by 6.8%.
The global Traction Winches market size was USD XX billion in 2021. It is likely to progress at a CAGR of XX% during the forecast period of 2022-2027, according to XYZResearch analysis, The segment in Traction Winches market is estimated to reach a market value of USD XX billion by 2021 from an initial market value of USD XX billion in 2021. China market value in 2021 is about USD XX billion, and China Traction Winches production is XX (K Units). US market value in 2021 is about USD XX billion, and US Traction Winches production is XX (K Units). Europe market value in 2021 is about USD XX billion, and Europe Traction Winches production is XX (K Units).
Regional Segmentation (Value; Revenue, USD Million, 2017 - 2027) of Traction Winches Market by XYZResearch Include
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Traction Winches Market?
David Round
Tulsa Winch, Inc. (TWI)
Rolls-Royce
Verlinde
Favelle Favco
SAS Winches
DEP Marine Engineering (Shanghai)
Wale Marine
Dynacon
Jakob Thaler
Tractel
Ningbo Lift Winch
ACE Winches
Wintech International
Hawboldt Industries
Major Type of Traction Winches Covered in XYZResearch report:
Electric Traction Winches
Hydraulic Traction Winches
Manual Traction Winches
Application Segments Covered in XYZResearch Market
Marine
Automotive
Aviation/Aerospace
Oil & Gas
Pharmaceutical
Pulp and Paper
Other
For any other requirements, please feel free to contact us and we will provide you customized report.
Summary:
Get latest Market Research Reports on Traction Winches. Industry analysis & Market Report on Traction Winches is a syndicated market report, published as (Post-pandemic Era)-Global Traction Winches Market Segment Research Report 2021. It is complete Research Study and Industry Analysis of Traction Winches market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.