Global Emergency Towing Vessel Market 2023-2030

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    A multipurpose boat known as an emergency tow vehicle (ETV) is employed by state authorities to tow crippled vessels on rough seas in order to reduce risks to people and the environment.


    Until commercial assistance from tug boats arrives on the scene or the damaged vessel has been sufficiently repaired to be able to navigate on its own, it is either towed to a safe haven or maintained in place against wind and current.


    Due to a decrease in the number of professional salvage tugs available and an increase in the risk posed by specific vessels, ETVs are now required as a preventive measure.


    The measures are available to distressed vessels that ask to be towed in order to make towing as safe as feasible.


    Oil tankers are equipped with emergency towing equipment that is fastened to the forward and aft portions of the vessel and allows the towing line to be connected.




    infographic: Emergency Towing Vessel Market, Emergency Towing Vessel Market Size, Emergency Towing Vessel Market Trends, Emergency Towing Vessel Market Forecast, Emergency Towing Vessel Market Risks, Emergency Towing Vessel Market Report, Emergency Towing Vessel Market Share


    The Global emergency towing vessel Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.



    When a crippled vessel needs help getting to a location of safety, an Emergency Towing System (ETS) is a pre-staged kit of gear that can be used.


    The system comes with a documentation that explains how to use the system and how to install it to a location. The method is meant to help disabled vessels that are in Alaskan seas by using available vessels.


    It comprises a buoy with lights, chafing gear, a lightweight, high-performance towline, and a messenger line for deploying the towline. These parts could be set up to drop from a helicopter or deploy from the stern of a tugboat to a ship that is disabled.


    According to class criteria, the connection of these equipment to the vessel’s hull is reinforced.It is not necessary for bulk carriers and regular cargo ships to have a specialised emergency towing arrangement.


    Depending on the type of vessel and the date the keel was laid, it is required that they have an emergency towing procedure handbook on board.


    This ship-specific document outlines the steps necessary to tow the vessel with its own gear.Standard mooring tools including mooring ropes, bits, rollers, and Panama chocks should be used during the procedure.



    • Tokyo Kisen
    • Tanktech Co., Ltd.
    • Wuhan Marine Machinery Plant Co., Ltd.
    • Jin Tan Lead Marine Equipment Co., Ltd. 



    1. How many emergency towing vessels are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global emergency towing vessel and key vendor selection criteria
    3. Where are the emergency towing vessels manufactured? What is the average margin per unit?
    4. Market share of Global emergency towing vessel market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global emergency towing vessel in-house
    6. key predictions for next 5 years in Global emergency towing vessel market
    7. Average B-2-B emergency towing vessel market price in all segments
    8. Latest trends in emergency towing vessel market, by every market segment
    9. The market size (both volume and value) of the emergency towing vessel market in 2023-2030 and every year in between?
    10. Production breakup of emergency towing vessel market, by suppliers and their OEM relationship



    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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