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Tugboat Charter Services Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Tugboat Charter Services Market- (By Vessel Type - Harbor (ship-assist) Tugs, Terminal Tugs, Coastal (Sea-going) Tugs, River Tugs and Others; By Power - <2000 bhp, 2001-4000 bhp, 4001-6000 bhp and Others; By End Users – Shipping Companies, Port Operators and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 18-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322176
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Tugboat Charter Services Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 10,186.9 Mn
Expected Revenue in 2027US$ 18,924.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR10.9%
Segments coveredBy Vessel Type, Power, End-user, and Region
Key CompaniesCrowley Holdings Inc, Swire Pacific Group, Saltchuk Resources Inc, BOURBON Maritime Services, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

A tugboat maneuvers other vessels by pulling or pushing them and this is done with direct contact or a tow line.

Tugboats used for towing the vessel towards the harbor, for providing essentials such as water, air, etc. to the vessel. In addition to this, tugboats become essential elements for non-self-propelled barges, oil platforms, and log rafts among others.

The end use industries in the Global Tug Boat Charter Services Market are shipping companies, port operators and others.

Global Tugboat Charter Services Market was valued at US$ 10,186.9 Mn in 2021. 

Global Tugboat Charter Services Market is estimated to expand at a CAGR of 10.9% over the forecast period.

The market is majorly driven by factors such as growing maritime trade across the globe, growth of the oil & gas industry and development & expansion of seaports.

The international marine fuel regulations and high fuel costs are estimated to hamper the market growth.

The different segments considered to analyze the market are based on vessel type, power, end users and region.

The harbor (ship-assist) tugs have the highest share in the Global Tugboat Charter Services Market in 2021.

Shipping companies are the highest end users in the Global Tugboat Charter Services Market in 2021. 

Asia Pacific dominates the Global Tugboat Charter Services Market. 

The key players in the global tugboat charter services market are Crowley Holdings Inc, BOURBON Maritime Services, Tidewater, Edison Chouest Offshore, and Harley Marine Services Inc., among others.