May 28, 2022

| 37% of Market Growth to Originate from APAC | Technavio News provided by Share this article Share this article NEW YORK, May 27, 2022 /PRNewswire/ -- The tugboats market has been by type (sea going tugboats and river tugboats) and geography (APAC, North America, Europe, MEA, and South America). By type, the sea going tugboats segment will have significant market share growth during the forecast period. Tugboats help ships in entering or leaving the ports, berthing and unberthing operations, and icebreaking and navigating through narrow canals. The demand for sea-going tugboats will increase with the rise in port expansion and oil drilling activities. Technavio has announced its latest market research report titledTugboats Market by Type and Geography - Forecast and Analysis 2021-2025 The tugboats market share is expected to grow by 259 units from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 13.61% during the forecast period. For more information about the contribution of each segment of the market, View our Sample Report Now Frequently Asked Questions: What are the major trends in the market? The increasing popularity of eco-friendly tugboats is one of the major trends in the tugboats market. What is the major challenge in the market? Volatility in oil prices will be a major challenge for the global tugboats market during the forecast period. How big is the APAC market? 37% of the market's growth will originate from APAC during the forecast period. What was the year-over-year growth rate of the market in 2021? The year-over-year growth rate of the market in 2021 was 12.07%. Tugboats Market 2021-2025: Scope Tugboats Market 2021-2025: Vendor Analysis The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cheoy Lee Shipyards Ltd., Damen Shipyards Group NV, Duclos Corp., Eastern Shipbuilding Group Inc., Fr. Fassmer GmbH and Co. KG, Jiangsu Zhenjiang Shipyard Co. Ltd., Med Marine AS, Nichols Brothers Boat Builders, Sanmar Denizcilik AS, and Uzmar Shipbuilding and Trade Inc. are some of the major market participants. The key offerings of some of the vendors are listed below: Cheoy Lee Shipyards Ltd. - It offers models such as ART80 32, ART85 32W and other products. Damen Shipyards Group NV - The company offers models such as ASD Tug 2813, ASD Tug 3212 and other products. Duclos Corp. - The company offers models such as Bollard Pull 60 ton, Bollard Pull 45 ton and other products. Tugboats Market 2021-2025: Key Highlights CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist tugboats market growth during the next five years Estimation of the tugboats market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the tugboats market across APAC, North America, Europe, MEA, and South America Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of tugboats market vendors We offer customization at the time of purchase! Speak to our analyst  to gain access to a detailed report based on your requirements Related Reports: Market growth 2021-2025 Performing market contribution Competitive landscape Companies profiled Cheoy Lee Shipyards Ltd., Damen Shipyards Group NV, Duclos Corp., Eastern Shipbuilding Group Inc., Fr. Fassmer GmbH and Co. KG, Jiangsu Zhenjiang Shipyard Co. Ltd., Med Marine AS, Nichols Brothers Boat Builders, Sanmar Denizcilik AS, and Uzmar Shipbuilding and Trade Inc. Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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 3 Market Sizing 3.2 Market segment analysis Exhibit 06: Global - Market size and forecast 2020 - 2025 (units) Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%) 4 Five Forces Analysis 4.2 Bargaining power of buyers Exhibit 09: Bargaining power of buyers 4.3 Bargaining power of suppliers Exhibit 10: Bargaining power of suppliers 4.4 Threat of new entrants Exhibit 11: Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition 5 Market Segmentation by Type 5.1 Market segments 5.2 Comparison by Type 5.3 Sea going tugboats - Market size and forecast 2020-2025 Exhibit 17: Sea going tugboats - Market size and forecast 2020-2025 (units) Exhibit 18: Sea going tugboats - Year-over-year growth 2020-2025 (%) 5.4 River tugboats - Market size and forecast 2020-2025 Exhibit 19: River tugboats - Market size and forecast 2020-2025 (units) Exhibit 20: River tugboats - Year-over-year growth 2020-2025 (%) 5.5 Market opportunity by Type Exhibit 21: Market opportunity by Type 6 Customer landscape 7.2 Geographic comparison Exhibit 25: APAC - Market size and forecast 2020-2025 (units) Exhibit 26: APAC - Year-over-year growth 2020-2025 (%) 7.4 North America - Market size and forecast 2020-2025 Exhibit 27: North America - Market size and forecast 2020-2025 (units) Exhibit 28: North America - Year-over-year growth 2020-2025 (%) 7.5 Europe - Market size and forecast 2020-2025 Exhibit 29: Europe - Market size and forecast 2020-2025 (units) Exhibit 30: Europe - Year-over-year growth 2020-2025 (%) 7.6 MEA - Market size and forecast 2020-2025 Exhibit 31: MEA - Market size and forecast 2020-2025 (units) Exhibit 32: MEA - Year-over-year growth 2020-2025 (%) 7.7 South America - Market size and forecast 2020-2025 Exhibit 33: South America - Market size and forecast 2020-2025 (units) Exhibit 34: South America - Year-over-year growth 2020-2025 (%) 7.8 Key leading countries 7.9 Market opportunity by geography Exhibit 36: Market opportunity by geography 8 Drivers, Challenges, and Trends 8.1 Market drivers 8.3 Market trends Exhibit 42: Market positioning of vendors 10.3 Cheoy Lee Shipyards Ltd. Exhibit 43: Cheoy Lee Shipyards Ltd. - Overview Exhibit 44: Cheoy Lee Shipyards Ltd. - Product and service Exhibit 45: Cheoy Lee Shipyards Ltd. - Key offerings 10.4 Damen Shipyards Group NV Exhibit 46: Damen Shipyards Group NV - Overview Exhibit 47: Damen Shipyards Group NV - Product and service Exhibit 48: Damen Shipyards Group NV – Key news Exhibit 49: Damen Shipyards Group NV - Key offerings 10.5 Duclos Corp. Exhibit 51: Duclos Corp. - Product and service Exhibit 52: Duclos Corp. - Key offerings 10.6 Eastern Shipbuilding Group Inc. Exhibit 53: Eastern Shipbuilding Group Inc. - Overview Exhibit 54: Eastern Shipbuilding Group Inc. - Product and service Exhibit 55: Eastern Shipbuilding Group Inc. – Key news Exhibit 56: Eastern Shipbuilding Group Inc. - Key offerings 10.7 Fr. Fassmer GmbH and Co. KG Exhibit 57: Fr. Fassmer GmbH and Co. KG - Overview Exhibit 58: Fr. Fassmer GmbH and Co. KG - Product and service Exhibit 59: Fr. Fassmer GmbH and Co. KG - Key offerings 10.8 Jiangsu Zhenjiang Shipyard Co. Ltd. Exhibit 60: Jiangsu Zhenjiang Shipyard Co. Ltd. - Overview Exhibit 61: Jiangsu Zhenjiang Shipyard Co. Ltd. - Product and service Exhibit 62: Jiangsu Zhenjiang Shipyard Co. Ltd. – Key news Exhibit 63: Jiangsu Zhenjiang Shipyard Co. Ltd. - Key offerings 10.9 Med Marine AS Exhibit 65: Med Marine AS - Product and service Exhibit 66: Med Marine AS - Key offerings 10.10 Nichols Brothers Boat Builders Exhibit 67: Nichols Brothers Boat Builders - Overview Exhibit 68: Nichols Brothers Boat Builders - Product and service Exhibit 69: Nichols Brothers Boat Builders - Key offerings 10.11 Sanmar Denizcilik AS