Tugboats services market size to grow by USD 2,720.79 million; Driven by continuous advancements in the maritime sector – Technavio

Mining 31 thomaseder Tugboats services market size to grow by USD 2,720.79 million; Driven by continuous advancements in the maritime sector - Technavio

NEW YORK, Feb. 14, 2023 /PRNewswire/ — The tugboats services market size is forecast to increase by USD 2720.79 million from 2022 to 2027, at a CAGR of 14.28%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 1,727.24 million. The growth of the market will be driven by the increase in maritime trade and fleet size, continuous advancements in the maritime sector, and the construction and expansion of seaports. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ABB Ltd., BOLUDA CORPORACION MARITIMA S.L., Damen Shipyards Group, FM Global Logistics Sdn Bhd, Fremont Tugboat Co. Inc., Haven Shipping FZE, John Swire and Sons Ltd., KOTUG, Moran Towing Corp., NAIKAI TUG BOAT SERVICE Co. Ltd., Norfolk Tug Co., P and O Maritime Logistics, Pacific Maritime Group Inc., Qatar Navigation QPSC, Sanmar Denizcilik AS, SEACOR Marine Holdings Inc., Tidewater Inc., Whitesea Shipping and Supply LLC FZC, YILDIRIM HOLDING INC., and Gulf Agency Co. Ltd.

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Key Benefits for Industry Players & Stakeholders – 

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by application (commercial and military), power rating (less than 1000 HP, between 1000 and 2000 HP, between 2000 and 5000 HP, and more than 5000 HP), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Segmentation by Application (Inclusion/Exclusion)

  • The market growth in the commercial segment will be significant during the forecast period. The segment is driven by the increased demand for commercial tugboat services in dredging operations, bunkering ships, transferring liquid products between berths, and cargo operations.

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What are the key data covered in this tugboats services market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the tugboats services market between 2023 and 2027
  • Precise estimation of the size of the tugboats services market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the tugboats services market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of tugboats services market vendors

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Tugboats Services Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 14.28%

Market growth 2023-2027

USD 2720.79 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.2

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., BOLUDA CORPORACION MARITIMA S.L., Damen Shipyards Group, FM Global Logistics Sdn Bhd, Fremont Tugboat Co. Inc., Haven Shipping FZE, John Swire and Sons Ltd., KOTUG, Moran Towing Corp., NAIKAI TUG BOAT SERVICE Co. Ltd., Norfolk Tug Co., P and O Maritime Logistics, Pacific Maritime Group Inc., Qatar Navigation QPSC, Sanmar Denizcilik AS, SEACOR Marine Holdings Inc., Tidewater Inc., Whitesea Shipping and Supply LLC FZC, YILDIRIM HOLDING INC., and Gulf Agency Co. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Power Rating
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global tugboats services market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global tugboats services market 2017 – 2021 ($ million)
  • 4.2 Application Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)
  • 4.3 Power Rating Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – Power Rating Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Commercial – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Commercial – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Commercial – Year-over-year growth 2022-2027 (%)
  • 6.4 Military – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Military – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Military – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Military – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Military – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Application 
    • Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Power Rating

  • 7.1 Market segments 
    • Exhibit 43: Chart on Power Rating – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Power Rating – Market share 2022-2027 (%)
  • 7.2 Comparison by Power Rating 
    • Exhibit 45: Chart on Comparison by Power Rating
    • Exhibit 46: Data Table on Comparison by Power Rating
  • 7.3 Less than 1000 HP – Market size and forecast 2022-2027
    • Exhibit 47: Chart on Less than 1000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Less than 1000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Less than 1000 HP – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Less than 1000 HP – Year-over-year growth 2022-2027 (%)
  • 7.4 Between 1000 and 2000 HP – Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Between 1000 and 2000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Between 1000 and 2000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Between 1000 and 2000 HP – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Between 1000 and 2000 HP – Year-over-year growth 2022-2027 (%)
  • 7.5 Between 2000 and 5000 HP – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Between 2000 and 5000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Between 2000 and 5000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Between 2000 and 5000 HP – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Between 2000 and 5000 HP – Year-over-year growth 2022-2027 (%)
  • 7.6 More than 5000 HP – Market size and forecast 2022-2027
    • Exhibit 59: Chart on More than 5000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on More than 5000 HP – Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on More than 5000 HP – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on More than 5000 HP – Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Power Rating 
    • Exhibit 63: Market opportunity by Power Rating ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 67: Chart on Geographic comparison
    • Exhibit 68: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 APAC – Market size and forecast 2022-2027
    • Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027
    • Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 China – Market size and forecast 2022-2027
    • Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.9 US – Market size and forecast 2022-2027
    • Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.10 Japan – Market size and forecast 2022-2027 
    • Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.11 India – Market size and forecast 2022-2027
    • Exhibit 101: Chart on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 9.12 Germany – Market size and forecast 2022-2027
    • Exhibit 105: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 112: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 113: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 115: Matrix on vendor position and classification
  • 12.3 ABB Ltd. 
    • Exhibit 116: ABB Ltd. – Overview
    • Exhibit 117: ABB Ltd. – Business segments
    • Exhibit 118: ABB Ltd. – Key news
    • Exhibit 119: ABB Ltd. – Key offerings
    • Exhibit 120: ABB Ltd. – Segment focus
  • 12.4 BOLUDA CORPORACION MARITIMA S.L. 
    • Exhibit 121: BOLUDA CORPORACION MARITIMA S.L. – Overview
    • Exhibit 122: BOLUDA CORPORACION MARITIMA S.L. – Product / Service
    • Exhibit 123: BOLUDA CORPORACION MARITIMA S.L. – Key news
    • Exhibit 124: BOLUDA CORPORACION MARITIMA S.L. – Key offerings
  • 12.5 FM Global Logistics Sdn Bhd 
    • Exhibit 125: FM Global Logistics Sdn Bhd – Overview
    • Exhibit 126: FM Global Logistics Sdn Bhd – Product / Service
    • Exhibit 127: FM Global Logistics Sdn Bhd – Key offerings
  • 12.6 Fremont Tugboat Co. Inc. 
    • Exhibit 128: Fremont Tugboat Co. Inc. – Overview
    • Exhibit 129: Fremont Tugboat Co. Inc. – Product / Service
    • Exhibit 130: Fremont Tugboat Co. Inc. – Key offerings
  • 12.7 Gulf Agency Co. Ltd. 
    • Exhibit 131: Gulf Agency Co. Ltd. – Overview
    • Exhibit 132: Gulf Agency Co. Ltd. – Product / Service
    • Exhibit 133: Gulf Agency Co. Ltd. – Key news
    • Exhibit 134: Gulf Agency Co. Ltd. – Key offerings
  • 12.8 Haven Shipping FZE 
    • Exhibit 135: Haven Shipping FZE – Overview
    • Exhibit 136: Haven Shipping FZE – Product / Service
    • Exhibit 137: Haven Shipping FZE – Key offerings
  • 12.9 KOTUG 
    • Exhibit 138: KOTUG – Overview
    • Exhibit 139: KOTUG – Product / Service
    • Exhibit 140: KOTUG – Key offerings
  • 12.10 Moran Towing Corp. 
    • Exhibit 141: Moran Towing Corp. – Overview
    • Exhibit 142: Moran Towing Corp. – Product / Service
    • Exhibit 143: Moran Towing Corp. – Key offerings
  • 12.11 NAIKAI TUG BOAT SERVICE Co. Ltd. 
    • Exhibit 144: NAIKAI TUG BOAT SERVICE Co. Ltd. – Overview
    • Exhibit 145: NAIKAI TUG BOAT SERVICE Co. Ltd. – Product / Service
    • Exhibit 146: NAIKAI TUG BOAT SERVICE Co. Ltd. – Key offerings
  • 12.12 Norfolk Tug Co. 
    • Exhibit 147: Norfolk Tug Co. – Overview
    • Exhibit 148: Norfolk Tug Co. – Product / Service
    • Exhibit 149: Norfolk Tug Co. – Key offerings
  • 12.13 P and O Maritime Logistics 
    • Exhibit 150: P and O Maritime Logistics – Overview
    • Exhibit 151: P and O Maritime Logistics – Product / Service
    • Exhibit 152: P and O Maritime Logistics – Key offerings
  • 12.14 Pacific Maritime Group Inc. 
    • Exhibit 153: Pacific Maritime Group Inc. – Overview
    • Exhibit 154: Pacific Maritime Group Inc. – Product / Service
    • Exhibit 155: Pacific Maritime Group Inc. – Key offerings
  • 12.15 Qatar Navigation QPSC 
    • Exhibit 156: Qatar Navigation QPSC – Overview
    • Exhibit 157: Qatar Navigation QPSC – Business segments
    • Exhibit 158: Qatar Navigation QPSC – Key offerings
    • Exhibit 159: Qatar Navigation QPSC – Segment focus
  • 12.16 Sanmar Denizcilik AS 
    • Exhibit 160: Sanmar Denizcilik AS – Overview
    • Exhibit 161: Sanmar Denizcilik AS – Product / Service
    • Exhibit 162: Sanmar Denizcilik AS – Key offerings
  • 12.17 SEACOR Marine Holdings Inc. 
    • Exhibit 163: SEACOR Marine Holdings Inc. – Overview
    • Exhibit 164: SEACOR Marine Holdings Inc. – Business segments
    • Exhibit 165: SEACOR Marine Holdings Inc. – Key offerings
    • Exhibit 166: SEACOR Marine Holdings Inc. – Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 167: Inclusions checklist
    • Exhibit 168: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 169: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 170: Research methodology
    • Exhibit 171: Validation techniques employed for market sizing
    • Exhibit 172: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 173: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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rt Tugboats services market size to grow by USD 2,720.79 million; Driven by continuous advancements in the maritime sector - Technavio

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