The global marine winches market was valued at USD 1,675.7 million in 2019 and is projected to reach USD 2,306.0 million by 2027, expanding at a CAGR of 4.2% during the forecast period. In terms of volume, the market is projected to expand at a CAGR of 4.1% during the forecast period. Marine winches are mechanical devices that assists in pulling and lifting equipment used on docks/shores, boats/ships, ports, and offshore platforms.