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Tugboat and Towboat Manufacturing in the United States from 2017-2023: A Comprehensive Market and Competitive Analysis of the Size,  Segmentation, Competition, Trends and Outlook in the  Manufacture and Supply of Tugboats and Towboats

Tugboat and Towboat Manufacturing in the United States from 2017-2023: A Comprehensive Market and Competitive Analysis of the Size, Segmentation, Competition, Trends and Outlook in the Manufacture and Supply of Tugboats and Towboats

  • February 2019
  • 160 pages
  • ID: 5744677
  • Format: PDF

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Tugboat and Towboat Manufacturing in the United States from 2017-2023: A Comprehensive Market and Competitive Analysis of the Size, Segmentation (Harbor/Escort, Ocean, ATB, Inland, Multipurpose), Competition, Trends and Outlook in the Manufacture and Supply of Tugboats and Towboats in the United States

Abstract

This report provides a unique, first-time market and competitive analysis of the size, segmentation, competition, trends and outlook in the manufacture and supply of Tugboats and Towboats in the United States. Products analyzed include Harbor/Escort, Ocean, ATB, Inland and Multipurpose Tugboats and Towboats. 
 
Tugboats and Towboats are a family of marine vessels with disproportionately large power compared to their size. Tugboats and Towboats carry out a large variety of operations each of which have a different power requirement from very low power like standing by, waiting for a pilot’s orders, to very high-power requirements like arresting the momentum of a large ship, and all points in between, e.g. in transit, during ship berthing, barge towing, anchors, etc. Without Tugboats and Towboats, Waterborne transportation in the U.S. would not be possible. Further, besides its commercial significance, Waterborne transportation also is of great strategic importance and is protected from foreign competition by the Jones Act. 
 
The Tugboat and Towboat industry in the U.S. is fragmented across several small to mid-size regional manufacturers. With more than 50 active commercial boat builders, and more than 100 inactive ones, few new companies have entered the business in recent years. However, several foreign Tugboat and Towboat manufacturers have entered the U.S. market to get a toehold and comply with the Jones Act. Some industry consolidation is inevitable, especially given the increase in steel and aluminum tariffs by the Trump Administration. Key factors driving the market are booming oil and natural gas markets, increased grain shipments, new petrochemicals capacity and the low cost of marine transportation.

This database and analysis bring together 40 identified Tugboat and Towboat fabricators in the United States. Breakouts are by Tugboat/Towboat type with units and dollar sales, and prices unique to each segment. The report provides a wide scope and coverage in providing crucial competitive estimates. Market size and shares by Tugboat/Towboat type in units and dollars are given.

In addition, to support this analysis, the report contains 54 tables and 75 figures. 

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