The Global Pilot Boats Market size is projected to grow at a CAGR of 3.1% during the forecast period, to reach $7.5 billion by 2028. The rising trend in new-build orders for offshore vessels and increasing demand from countries such as Saudi Arabia, China, India, and Russia are the major factors driving the growth of this market.
Pilot boats are small watercraft that carry pilots (officials responsible for guiding ships into or out of port) on their journey through coastal waters to guide big commercial vessels like container ships or cruise liners into harbor safely. These boats typically have high maneuverability capabilities which differentiate them from other types of smaller marine craft like tugs and ferries; they also have a larger deck space and cockpit. Pilot boats are specially designed to withstand the harsh conditions of open water, such as high wind speeds and heavy waves, in order to ensure that pilots can guide large vessels into port safely.
On the basis of Type, the global pilot boats market is segmented into Diesel and Hybrid.
Diesel-type of pilot boats are able to carry more load than their hybrid counterparts. They also operate effectively in high winds (up to 38 knots) and choppy seas, making them suitable for use in rough conditions. Diesel-type of pilot boats can be used both commercially and noncommercially. They are often longer than their power counterparts with better sea-keeping qualities. Diesel boats can be equipped with larger sails which help them to cover greater distances in the same time frame as compared to other types of pilot vessels.
Hybrid-type of pilot boats are a combination of both Diesel and electric power. The Pilot Boat is a type of boat used for efficient transportation to vessels in the harbor or at sea, especially by commercial fishermen who have chosen this vessel as their means of employment. This system can be fitted on any type of vessel having propulsion engines. Hybrid-type of pilot boats are more fuel-efficient than diesel types, which can save your overall operational cost. Furthermore, it is lighter in weight and easier to transport from one place to another. As a result, one doesn’t need to arrange heavy transportation for moving the vessel to the desired location. It also provides better maneuverability with its small size along with 360° rotating bow thrusters.
On the basis of Application, the global pilot boats market is segmented into Civil and Military.
On the basis of Region, the global pilot boats market is segmented into North America ( U.S., Canada), Latin America ( Brazil, Mexico), Europe ( Germany, France ), Asia Pacific( China Japan South Korea ), and Middle East & Africa. North America has the largest market share in the global pilot boat industry. The U.S., Canada are some of the major countries that have shown significant growth rates for this industry. A large number of vessels were built by these two regions due to an increase in shipping trade volume, development of maritime resources, and deep-sea oil exploration activities which spread across more than 30 states along with Newfoundland & Labrador British Columbia.
The market of pilot boats in Europe is still untapped. It has the potential to grow significantly over the forecast period owing to its use for civil applications such as marine traffic control, rescue operations, and safety inspections. The pilot boat market in the Asia Pacific is expected to show healthy growth during the forecast period. Boating activities and the tourism industry are driving this market for its increasing demand for pilot services, especially in India and China owing to its strong economic base along with rapid urbanization. The market for pilot boats in the Middle East & Africa is growing at a significant rate due to the increasing number of maritime accidents and commercial ships. Governments across the region are using these vessels for search and rescue operations, cargo inspection services, assistance during oil spills, etc., which has resulted in an increased demand for pilot boats.
Pilot boat demand is expected to increase over the next few years due to increasing trade activities across major ports; this has led vessel owners/operators and marine construction companies (shipyards) to favor pilot vessel procurement in the recent past. This trend would be fuelled by an increasing number of ship-to-shore connectivity solutions like landside cranes which decrease turnaround times at ports, leading to higher throughput capacity for ships using these facilities. Moreover, rising e-commerce & cargo movement increases shipping traffic amongst countries worldwide thus fueling the demand for pilot boats. Pilot boat manufacturers are focusing on R&D to develop technologically advanced models in order to increase their competitiveness against competitors while responding effectively to changing customer demands which would fuel product differentiation over the next few years.
Up Market Research published a new report titled “Pilot Boats Market research report which is segmented by Types (Diesel, Hybrid), By Applications (Civil, Military), By Players/Companies Gladding-Hearn Shipbuilding, Arya Shipyard, Armon Shipyard, Alumarine Shipyard, ABCO Industries, H2X Yachts & Ships, Moose Boats, Raidco Marine, Swede Ship Marine, Two Harbours Marine”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Pilot Boats Market Research Report |
By Type | Diesel, Hybrid |
By Application | Civil, Military |
By Companies | Gladding-Hearn Shipbuilding, Arya Shipyard, Armon Shipyard, Alumarine Shipyard, ABCO Industries, H2X Yachts & Ships, Moose Boats, Raidco Marine, Swede Ship Marine, Two Harbours Marine |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 238 |
Number of Tables & Figures | 167 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Diesel, Hybrid and By Application Civil, Military.
Some of the companies that are profiled in this report are:
Pilot Boats Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Pilot Boats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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