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Tugboats Market Will Register an Accelerating CAGR of almost 14% by 2025 |Technavio
Increasing construction of new ports and surging development of autonomous tugboats will boost the market growth
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NEW YORK, May 3, 2021 /PRNewswire/
The tugboats market is projected to grow by 259 units at a CAGR of 14% during 2021-2025, as per the latest market research report by Technavio. This report offers exclusive analysis on the market drivers, trends, challenges, and opportunities to be leveraged by stakeholders from the machinery sector for making informed business and investment-related decisions. Technavio has also monitored the impact and outcome of the COVID-19 pandemic on the tugboats market during the forecast period.