Market Overview:
The global port tugboat market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for port tugboats from commercial and industrial ports across the globe. Additionally, the increasing demand for river tugboats for inland waterway transportation is also contributing to the growth of this market. The global port tugboat market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into deep sea tugboat, harbor tugboat, river tugboat, and others. The harbor towboats segment is expected to account for a major share of this market during the forecast period owing to their high usage in commercial ports across different regions worldwide. On the basis of application, it can be classified into commercial port (import-export terminals), industrial port (refineries & petrochemical complexes), and other applications (government & military installations).
Product Definition:
A port tugboat is a type of tugboat that is specifically designed for towing and maneuvering large ships in tight quarters in a port or harbor. Port tugs are often equipped with powerful engines and propellers, as well as advanced navigational systems, which allow them to move even the largest vessels safely and efficiently.
The importance of port tugs cannot be overstated. In addition to ensuring the safe navigation of ships through crowded ports, they also play a crucial role in offloading cargo and bringing new ships into the harbor.
Deep Sea Tugboat:
Deep sea tugboat is a marine vessel having deep draft (depth of water more than twice its length) and large enough to carry a barge or tow. Tugboats are used for towing, pushing or carrying ships or boats in the ports. They are also used for port services like oil supply, material handling, unloading and loading among others.
Harbor Tugboat:
Harbor Tugboat is a type of vessel used to tow or push other boats and ships from one port to another. It is also known as a tow boat, tugs boat, or pushing (or pulling) ship. The harbor tugboat can be seen in both commercial and recreational settings; it plays an important role in the maritime transportation industry.
The harbor tugboat has several functions that include assisting vessels in docking; providing fuel.
Application Insights:
The commercial port tugboats segment dominated the global market by application in 2017. The segment is expected to witness a CAGR of XX% over the forecast period owing to an increase in demand for tugs with larger seagoing capabilities at major ports across the world. Tugboat services are considered vital as they provide crucial functions such as aids to navigation, berthing, unloading and loading of ships, assisting vessels in tight quarters and protecting against collision at berthages or while moving between piers or into/out of channels.
Industrial port tugboats serve industrial facilities along with deep-water seaports where deep-sea vessels anchor for supplies or repairs. These facilities require assistance from specialized craft that can maneuver through narrow channels into and out of the facility's harborage waters given its size and depth range capability.
Regional Analysis:
Asia Pacific dominated the global port tugboat market in 2016 and is expected to continue over the forecast period. The region’s growth can be attributed to increasing foreign investments in developing countries such as China, India, Singapore, Thailand and Indonesia. In addition, rising demand for tugboats from various industries including oil & gas; chemicals; mining; power generation; water transportation and others are anticipated to drive the regional market growth over the forecast period.
The Middle East & Africa region is projected to grow at a significant rate during the forecast years owing to growing trade activities across its major ports of Egypt, Dubai (UAE), Port Said (EG) and Safaga (Israel). Moreover, increasing government initiatives for marine transportation across this region will boost industry expansion over next few years.
Growth Factors:
- Increasing demand for port tugboats from developing countries owing to the growth of maritime trade.
- Proliferation of large container ships and cruise liners, which has led to an increase in the number of ports and terminals across the world.
- Development of new technologies that have made tugboats more efficient and reliable, thereby increasing their demand in the market.
- Growing awareness about the benefits of using port tugboats among shipping companies and terminal operators worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Port Tugboat Market Research Report
By Type
Deep Sea Tugboat, Harbor Tugboat, River Tugboat, Others
By Application
Commercial Port, Industrial Port, Other
By Companies
Damen Shipyards, Sanmar Tugboat, Ranger Tugs, ODC Marine, Gladding-Hearn, Fremont Tugboat, MERRE, Norfolk Tug, Damen Shipyards
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Port Tugboat Market Report Segments:
The global Port Tugboat market is segmented on the basis of:
Types
Deep Sea Tugboat, Harbor Tugboat, River Tugboat, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Port, Industrial Port, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Damen Shipyards
- Sanmar Tugboat
- Ranger Tugs
- ODC Marine
- Gladding-Hearn
- Fremont Tugboat
- MERRE
- Norfolk Tug
- Damen Shipyards
Highlights of The Port Tugboat Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Deep Sea Tugboat
- Harbor Tugboat
- River Tugboat
- Others
- By Application:
- Commercial Port
- Industrial Port
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Port Tugboat Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A port tugboat is a boat used to move cargo and passengers between ports.
Some of the major companies in the port tugboat market are Damen Shipyards, Sanmar Tugboat, Ranger Tugs, ODC Marine, Gladding-Hearn, Fremont Tugboat, MERRE, Norfolk Tug, Damen Shipyards.
The port tugboat market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Port Tugboat Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Port Tugboat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Port Tugboat Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Port Tugboat Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Port Tugboat Market Size & Forecast, 2018-2028
4.5.1 Port Tugboat Market Size and Y-o-Y Growth
4.5.2 Port Tugboat Market Absolute $ Opportunity
Chapter 5 Global Port Tugboat Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Port Tugboat Market Size Forecast by Type
5.2.1 Deep Sea Tugboat
5.2.2 Harbor Tugboat
5.2.3 River Tugboat
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Port Tugboat Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Port Tugboat Market Size Forecast by Applications
6.2.1 Commercial Port
6.2.2 Industrial Port
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Port Tugboat Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Port Tugboat Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Port Tugboat Analysis and Forecast
9.1 Introduction
9.2 North America Port Tugboat Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Port Tugboat Market Size Forecast by Type
9.6.1 Deep Sea Tugboat
9.6.2 Harbor Tugboat
9.6.3 River Tugboat
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Port Tugboat Market Size Forecast by Applications
9.10.1 Commercial Port
9.10.2 Industrial Port
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Port Tugboat Analysis and Forecast
10.1 Introduction
10.2 Europe Port Tugboat Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Port Tugboat Market Size Forecast by Type
10.6.1 Deep Sea Tugboat
10.6.2 Harbor Tugboat
10.6.3 River Tugboat
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Port Tugboat Market Size Forecast by Applications
10.10.1 Commercial Port
10.10.2 Industrial Port
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Port Tugboat Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Port Tugboat Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Port Tugboat Market Size Forecast by Type
11.6.1 Deep Sea Tugboat
11.6.2 Harbor Tugboat
11.6.3 River Tugboat
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Port Tugboat Market Size Forecast by Applications
11.10.1 Commercial Port
11.10.2 Industrial Port
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Port Tugboat Analysis and Forecast
12.1 Introduction
12.2 Latin America Port Tugboat Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Port Tugboat Market Size Forecast by Type
12.6.1 Deep Sea Tugboat
12.6.2 Harbor Tugboat
12.6.3 River Tugboat
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Port Tugboat Market Size Forecast by Applications
12.10.1 Commercial Port
12.10.2 Industrial Port
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Port Tugboat Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Port Tugboat Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Port Tugboat Market Size Forecast by Type
13.6.1 Deep Sea Tugboat
13.6.2 Harbor Tugboat
13.6.3 River Tugboat
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Port Tugboat Market Size Forecast by Applications
13.10.1 Commercial Port
13.10.2 Industrial Port
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Port Tugboat Market: Competitive Dashboard
14.2 Global Port Tugboat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Damen Shipyards
14.3.2 Sanmar Tugboat
14.3.3 Ranger Tugs
14.3.4 ODC Marine
14.3.5 Gladding-Hearn
14.3.6 Fremont Tugboat
14.3.7 MERRE
14.3.8 Norfolk Tug
14.3.9 Damen Shipyards
