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The global tugger winches market, estimated at USD 1.2 billion in 2023, is expected to expand at a CAGR of 6.4% to reach USD 2.1 billion by 2032. This growth is driven by increasing demand from the marine and offshore sectors, as well as rising exploration and production activities in the oil and gas industry. Technological advancements, particularly the integration of IoT and automation, have greatly enhanced the performance, safety, and reliability of tugger winches, making them a vital component in various industries and accelerat... more