Technavio has been monitoring the global tugboats market since 2018 and the market is poised to grow by 181 units during the forecast period. Request free sample pages
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200228005113/en/
Technavio has announced its latest market research report titled global tugboats market 2020-2024 (Graphic: Business Wire)
Read the 134-page report with TOC on “Tugboats Market Analysis Report by Type (Sea-going tugboats and River tugboats), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024”.
The market is driven by the construction and expansion of seaports. In addition, the development of autonomous tugboats is anticipated to boost the growth of the tugboats market.
There has been a rise in the number of port expansion projects over recent years. For instance, after the introduction of the Sagarmala plan, India has witnessed a significant rise in port modernization activities and the construction and expansion of ports and terminals since 2017. Similarly, the Tuas Terminal mega port in Singapore is expected to be operational by 2021. Tugboats are widely used in port expansion activities. With the rising number of construction and expansion projects of seaports, the demand for tugboats will increase significantly during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Tugboat Market Companies:
Cheoy Lee Shipyards Ltd.
Cheoy Lee Shipyards Ltd. operates the business through segments such as Yachts and Commercial. The company offers a wide range of tugboats. Some of the popular tugboats offered by the company include ART 80-32 Rotor tug, RAstar 3200 Escort tug, RAmparts 2500-CL, RAmparts 2800, RAmparts 3000, and RAmparts 3200CL.
Damen Shipyards Group NV
Damen Shipyards Group NV operates the business across segments such as Tugs and workboats, Offshore vessels, High speed craft, Shipping, Dredging equipment, Pontoons and barges, Naval vessels, Fishing vessels, Modular constructions, and Others. The company offers a wide range of tugboats. Some of the popular offerings by the company include RSD tugs, ATD tugs, stan tugs, pushbusters, pushers, and offshore support tugs.
Duclos Corp. operates the business across segments such as Pilot boats, Tugboats, Passenger vessels, Patrol boats, Fire boats, Research vessels, and Windfarm service vessels. The company builds various types of tugboats for harbor and deep-sea applications.
Eastern Shipbuilding Group Inc.
Eastern Shipbuilding Group Inc. operates the business across segments such as Tug/Towboats, Specialty vessels, Fireboats, Offshore supply vessels, Ferries, and Fishing vessels. Some of the popular offerings by the company include Rosemary McAllister, Capt. Troy J Hotard, Archie T. Higgins, among others.
Fr. Fassmer GmbH & Co. KG
Fr. Fassmer GmbH & Co. KG operates the business across segments such as Shipbuilding, Boats and davits, Deck equipment, Wind power, and Composite technology. The company builds tugboats such as 32m Tug Boat and 32m Buoy Layer/Ice Breaker through its multipurpose vessel division.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Tugboats Type Outlook (Growth, Units, 2020 – 2024)
- Sea-going tugboats
- River tugboats
Tugboats Regional Outlook (Growth, Units, 2020 – 2024)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials Include:
Global Leisure Boat Market – Global leisure boat market by product (leisure boat accessories, leisure boat motors, and leisure boat building) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.