According to a research report published by Spherical Insights & Consulting, The Global Tugboat Market Size Expected to Grow from USD 495.12 Million in 2023 to USD 1,214.21 Million by 2033, at a CAGR of 9.39% during the forecast period 2023-2033. A vital part of the marine sector is tugboats, which are specialized boats made to help larger ships maneuver and dock. A number of important market factors are contributing to the notable expansion of the worldwide tugboat services industry.