Tugboats, also known as tugs, are powerful boats used for maneuvering larger containerships, tankers, and cruiser ships in and around dockyards and harbors. Tugboats are also employed for pushing or pulling non-self-propelled vessels such as barges and oil platforms. These boats are quintessential in docking/harboring operations and help larger vessels and ships to pass through slender passages. Engines required to empower these tugs are also large and powerful. These engines provide power to move huge vessels around.
This report contains market size and forecasts of Tugboat Engine in global, including the following market information:
Global Tugboat Engine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tugboat Engine Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Tugboat Engine companies in 2021 (%)
The global Tugboat Engine market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
up to 700 HP Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tugboat Engine include Rolls Royce, Perkins, Man Diesel & Turbo, Cummins and Caterpillar, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tugboat Engine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tugboat Engine Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tugboat Engine Market Segment Percentages, by Type, 2021 (%)
up to 700 HP
700 to 1500 HP
1500 to 3000 HP
3000 HP & above
Global Tugboat Engine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tugboat Engine Market Segment Percentages, by Application, 2021 (%)
Deep Sea Tugboat
Harbor Tugboat
River Tugboat
Global Tugboat Engine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tugboat Engine Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tugboat Engine revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tugboat Engine revenues share in global market, 2021 (%)
Key companies Tugboat Engine sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Tugboat Engine sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Rolls Royce
Perkins
Man Diesel & Turbo
Cummins
Caterpillar