Global Sailboat Electric Winch Market Size By Type (Single-Speed, 2-Speed, and 3-Speed), By Application (Classic Sailboats, Racing Sailboats), By Geographic Scope And Forecast

Sailboat Electric Winch Market Size And Forecast

Sailboat Electric Winch Market size was valued at USD 784.49 Million in 2020 and is projected to reach USD 1.30 Billion by 2028, growing at a CAGR of 6.34% from 2021 to 2028.

The US is home to a lot of sailboats. The country is backed with a lot of coastlines and has a very large population, making it a lucrative market for sailboats. The Global Sailboat Electric Winch Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Sailboat Electric Winch Market Definition

Electric winches are becoming increasingly common. Electric winches are used to reduce the stress of trimming and hoisting sails, making sailing more accessible. Strength is no longer an obstacle, and it is easy to sail short-handed or with minimal crew. There are four main factors to consider when choosing an electric winch:

• Speed (1, 2 or 3)
• Motor Placement
• Drum Material
• Size

Initially, Electric winches were found only on yachts over 60 feet and were considered too expensive and too sissy for many traditional seafarers. Later on, it all changed. Electric winches are now found on sailboats from 35 feet and up.

The most common use of electric winches is as a single utility winch in the cabin top where the halyard and steering line return from the mast to the cockpit. These can include the main and jib halyards, the roller furling control lines for a roller furling genoa and an in-mast or in-boom roller furling mainsail. In addition, one will have control lines for the boom vang and the mainsheet traveller.

With the aid of blocks or line organizers, one can also use this single utility winch to hoist an outboard from the dinghy to the stern rail, hoist a dinghy onto the foredeck and hoist a person up the mast for rig inspections and repairs. A single electric winch can be a real boon for sailors who are small or those who are getting to the ends of their sailing careers.

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Global Sailboat Electric Winch Market Overview

The US is home to a lot of sailboats. The country is backed with a lot of coastlines and has a very large population, making it a lucrative market for sailboats. There are strict registration laws in the United States. Not all countries monitor and record sailboats and their owners with the utmost care as the United States. It may seem inconvenient, but it’s a good way to protect people and be accountable. Currently, there are anywhere between five to seven thousand sold each year in the country. California, Texas, Florida, and New York, and Illinois all have more sailboats. California, Florida, and Texas have the most pleasant sailing conditions. Sailing around the northern United States is going to be very cold. Hence, many people might prefer to stay inside their boat. Newport, in Rhode Island, is known as the world’s sailing capital and is one of the most popular sailing destinations in the United States.

Europe boasts close to 70,000 km coastline and 37,000 km of navigable inland waterways. It is a leading destination for boating and water sports enthusiasts from across the world. Europe offers the perfect environment for the 48 million European citizens who regularly participate in recreational marine activities (36 million of whom are boaters), as well as countless numbers of tourists. Over 6 million boats are kept in European waters while 10,000 marinas provide over 1 million berths both inland and in coastal areas.

Racing events occur in various parts of the world. Some of the leading racing events in the world include:
• Cowes Week: Largest annual sailing regattas of its kind in the world, Cowes Week take place in the United Kingdom. It is one of the longest-running regular regattas in the world. With 40 daily sailing races, up to 1,000 boats, and 8,000 competitors ranging from Olympic and world-class professionals to weekend sailors.
• Volvo Ocean Race: The Volvo Ocean Race has taken place every three years since 1973. Starting in Europe in October, it is known as the longest and the most challenging professional event worldwide as its duration is almost nine months and the competitors face strong weather conditions.
America’s Cup: It is one of the oldest international sailboat racing events. The competition is not only focused on sailing skills but also on sail design.

Global Sailboat Electric Winch Market: Segmentation Analysis

The Global Sailboat Electric Winch Market is segmented on the basis of Type, Application, and Geography.

Sailboat Electric Winch Market, By Type

• Single-Speed
• 2-Speed
• 3-Speed

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Based on Type, the market is bifurcated into Single-Speed, 2-Speed, and 3-Speed. Single-Speed accounted for the largest market share and is projected to grow at a CAGR of 5.46% during the forecast period. The single-speed electric winch is considered a high-quality series wound motor. This motor matched with the optimal gearbox to deliver the high speed at low load for fast sheeting in and low speed at high load for safe fine-tuning when trimming. For instance: The Harken UniPower 900 single-speed electric winch is comprised of a motor that is partially embedded inside a drum and extends only 105 mm below the base. This beneficial design provides a crew with more headroom as well as space to move around.

Sailboat Electric Winch Market, By Application

• Classic Sailboats
• Racing Sailboats

On the basis of Application, the Global Sailboat Electric Winch Market has been segmented into Classic Sailboats, Racing Sailboats. Classic Sailboats accounted for the largest market share and is projected to grow at a CAGR of 5.40% during the forecast period. The word classic refers to the wooden yachts; the boats are classically based on age and the traditional design. The electric winch system used on the sailing yachts is just as cup holders on a pontoon boat that is the core element in their design. The relatively large yachts are being sailed owing to the use of electric winches. One of the main reasons for the rising use of electric winches in the classic sailboats is its revolutionized capability by taking all of the strain out of hoisting and trimming. There is an availability of retrofitting electric winches that can be used to be getting fitted for the cabin top and cockpit. The electric winches manufacturers are offering the kits for converting the larger winches from manual to electric.

Sailboat Electric Winch Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

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On the basis of regional analysis, the Global Sailboat Electric Winch Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share and is projected to grow at a CAGR of 5.77% during the forecast period. The sailboat winches market is anticipated to grow at a stable pace owing to its attaining stability. The market for recreational boats in this region increases largely with the increasing trend of the tourism industry. In the United States, the removal of the emission regulation for recreational boating has surged a demand for personal watercraft. The local tourism and sports around the lakes, rivers, and beaches have developed for water sports. In the North American region, the rising demand for leisure boating and water sports is increasing. With government support, the United States is experiencing faster growth. Moreover, the increasing number of boat tourism led to increasing demand for electric winches owing to their advantageous features.

Key Players

The “Global Sailboat Electric Winch Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Harken, Lewmar, Rondal, Selden Mast, Antal, Andersen, Barton Marine, Forespar, Harken, Holt, PONTOS, and others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

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