Market Overview:
The global tugboat market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tugboats from various end-use industries, such as food, oil, chemical and others. In terms of type, the deep sea tugboat segment is expected to lead the global tugboat market during the forecast period. This can be attributed to its ability to operate in open waters and handle large vessels.
Product Definition:
A tugboat is a boat that maneuvers other boats or ships by pushing or pulling them with cables or ropes. Tugboats are important for moving large boats and ships in and out of harbors, as well as for towing barges and other cargo.
Deep Sea Tugboat:
Deep sea tugboat is a marine vessel having a length of 25 to 40 m and breadth of 4.5 to 6 m. It is used for towing other vessels or barges along the seabed and also for carrying out rescue operations at great depth in the ocean. They are built with steel hulls, equipped with powerful engines, have an open deck and are often propelled by diesel-electric or diesel engines coupled with electric motors on the decks.
Harbor Tugboat:
Harbor Tugboat is a type of vessel used to tow or push other vessels in port or along the shore. They are generally powered by two (2) engines, which can provide a top speed of up to 15 knots. Harbor tugs usually have an enclosed cabin for the master and/or pilot where the deckhands can rest during trips.
Application Insights:
The other application segment includes labor, chemical, and other general cargoes. Harbor tugboats are used for moving ships from one harbor to another with the help of cranes on board. River tugs are used for moving barges along riverine networks such as the Volga River System in Russia and China. The food segment is expected to witness a significant growth over the forecast period owing to increasing production of oilseeds in Canada, United States and Brazil which require large number of harvesters that pull boats upstream. Chemical is also likely to be lucrative due these boats providing flexibility in terms of scheduling while transporting various cargoes across different water bodies at same time avoiding double trips thereby generating higher revenue compared with their counterparts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of ports, which makes it a lucrative destination for tugboat operators. China, India, South Korea and Japan are among the largest markets in Asia Pacific. Factors such as increasing foreign investments coupled with growing port activities are anticipated to drive regional growth over the coming years.
Europe is also estimated to witness significant growth during the same period owing to an increase in port traffic along with rising oil & gas production across countries such as Russia and Norway that will lead to an increase in maritime transportation activities across water bodies such as rivers and canals leading towards increased demand for tugs boats from 2018-2030 The Middle East & Africa region is projected to grow at a significant rate due high dependence on maritime transport especially for oil exports from countries including Saudi Arabia, UAE (Emirates), Kuwait etc.
Growth Factors:
- Increasing demand for maritime transport: The global trade is growing at a healthy pace and the demand for maritime transport is increasing to meet the rising needs. This will drive the growth of tug boat market in coming years.
- Proliferation of new port development projects: A large number of port development projects are underway across the globe, which will require an increased number of tug boats for assistance. This will spur the growth of tug boat market in near future.
- Rising popularity of coastal tourism: The coastal tourism is gaining immense popularity, especially in developing countries. This is resulting in increased traffic on waterways, thereby boosting the need for tug boats services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tug Boat Market Research Report
By Type
Deep Sea Tugboat, Harbor Tugboat, River Tugboat, Others
By Application
Food, Oil, Chemical, Other
By Companies
Damen Shipyards, Sanmar Tugboat, Ranger Tugs, ODC Marine, Gladding-Hearn, Fremont Tugboat, MERRE, Norfolk Tug
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Tug Boat Market Report Segments:
The global Tug Boat 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
Food, Oil, Chemical, 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
Highlights of The Tug Boat 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:
- Food
- Oil
- Chemical
- 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 Tug Boat 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 tugboat is a boat designed to move vessels by pulling them along with ropes or cables.
Some of the major companies in the tug boat market are Damen Shipyards, Sanmar Tugboat, Ranger Tugs, ODC Marine, Gladding-Hearn, Fremont Tugboat, MERRE, Norfolk Tug.
The tug boat market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tug Boat Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tug Boat Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tug Boat Market - Supply Chain
4.5. Global Tug Boat Market Forecast
4.5.1. Tug Boat Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tug Boat Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tug Boat Market Absolute $ Opportunity
5. Global Tug Boat Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tug Boat Market Size and Volume Forecast by Type
5.3.1. Deep Sea Tugboat
5.3.2. Harbor Tugboat
5.3.3. River Tugboat
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tug Boat Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tug Boat Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Oil
6.3.3. Chemical
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tug Boat Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tug Boat Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tug Boat Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tug Boat Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tug Boat Demand Share Forecast, 2019-2026
9. North America Tug Boat Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tug Boat Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tug Boat Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Oil
9.4.3. Chemical
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tug Boat Market Size and Volume Forecast by Type
9.7.1. Deep Sea Tugboat
9.7.2. Harbor Tugboat
9.7.3. River Tugboat
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tug Boat Demand Share Forecast, 2019-2026
10. Latin America Tug Boat Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tug Boat Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tug Boat Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Oil
10.4.3. Chemical
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tug Boat Market Size and Volume Forecast by Type
10.7.1. Deep Sea Tugboat
10.7.2. Harbor Tugboat
10.7.3. River Tugboat
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tug Boat Demand Share Forecast, 2019-2026
11. Europe Tug Boat Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tug Boat Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tug Boat Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Oil
11.4.3. Chemical
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tug Boat Market Size and Volume Forecast by Type
11.7.1. Deep Sea Tugboat
11.7.2. Harbor Tugboat
11.7.3. River Tugboat
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyss
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tug Boat Demand Share, 2019-2026
12. Asia Pacific Tug Boat Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tug Boat Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tug Boat Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Oil
12.4.3. Chemical
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tug Boat Market Size and Volume Forecast by Type
12.7.1. Deep Sea Tugboat
12.7.2. Harbor Tugboat
12.7.3. River Tugboat
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tug Boat Demand Share, 2019-2026
13. Middle East & Africa Tug Boat Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tug Boat Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tug Boat Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Oil
13.4.3. Chemical
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tug Boat Market Size and Volume Forecast by Type
13.7.1. Deep Sea Tugboat
13.7.2. Harbor Tugboat
13.7.3. River Tugboat
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tug Boat Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tug Boat Market: Market Share Analysis
14.2. Tug Boat Distributors and Customers
14.3. Tug Boat Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Damen Shipyards
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sanmar Tugboat
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ranger Tugs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ODC Marine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gladding-Hearn
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Fremont Tugboat
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MERRE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Norfolk Tug
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
