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COVID-19 Recovery Analysis: Tugboats Market | Construction And Expansion Of Seaports to boost the Market Growth | Technavio

·5-min read

Technavio has been monitoring the tugboats market and it is poised to grow by 181 units during 2020-2024, decelerating at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Tugboats Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Cheoy Lee Shipyards Ltd., Damen Shipyards Group NV, Duclos Corp., Eastern Shipbuilding Group Inc., Fr. Fassmer GmbH & 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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Construction and expansion of seaports has been instrumental in driving the growth of the market. However, high operational costs of tug boats might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Tugboats Market 2020-2024: Segmentation

Tugboats Market is segmented as below:

  • Type

    • Sea-going Tugboats

    • River Tugboats

  • Geographic Landscape

    • APAC

    • Europe

    • MEA

    • North America

    • South America

Tugboats Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The tugboats market report covers the following areas:

  • Tugboats Market Size

  • Tugboats Market Trends

  • Tugboats Market Industry Analysis

This study identifies development of autonomous tugboats as one of the prime reasons driving the tugboats market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Tugboats Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • 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

  • 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

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface

  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type

  • Comparison by type

  • Sea-going tugboats - Market size and forecast 2019-2024

  • River tugboats - Market size and forecast 2019-2024

  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Increasing popularity of eco-friendly tugboats

  • Adoption of additive manufacturing technique for manufacturing

  • tugboat components

  • Development of autonomous tugboats

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Cheoy Lee Shipyards Ltd.

  • Damen Shipyards Group NV

  • Duclos Corp.

  • Eastern Shipbuilding Group Inc.

  • Fr. Fassmer GmbH & Co. KG

  • Jiangsu Zhenjiang Shipyard Co. Ltd.

  • Med Marine AS

  • Nichols Brothers Boat Builders

  • Sanmar Denizcilik AS

  • Uzmar Shipbuilding and Trade inc.

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200921005541/en/

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