Tugger Winches Industry Trends: Market Size and Opportunities
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As of 2023, the tugger winches market globally was valued at USD 1.2 billion and is projected to grow at a CAGR of 6.4% to reach USD 2.1 billion by 2032. Key drivers for this growth include the increasing demand from the marine and offshore industries, as well as heightened oil and gas exploration activities. Technological developments, including IoT integration and automation, have greatly improved the functionality and safety of tugger winches
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