Tugboat Market: Top Impacting Factors To Growth Of The Industry By 2018 - 2026
Tugboat performs a variety of functions, such as towing or pushing barges and large ships and moving large container ships, tankers, and cruiser ships by pushing them. It also moves large vessels that are stuck in a crowded harbor or a narrow canal and those that cannot move independently. Tugboats have a robust design and a powerful engine. Earlier, tugboats were powered by steam engines; however, modern tugboats are equipped with diesel engines. Tugboats are incorporated with firefighting guns and monitors and hence are also employed in firefighting duties. Continuous development in the shipping industry have led to the construction of ships that are larger than normal ships. Narrow sea strips and crowded seas are expected to boost the demand for tugboats during the forecast period. Different types of tugboats are used as per their applications. Rise in demand for large and heavy ships for sea transportation is likely to propel the tugboat market during the forecast...