Major Group SIC 4492 - Towing And Tugboat Services

SIC 4492 - Towing And Tugboat Services

SIC 44 - Water Transportation
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 449 - Services Incidental To Water Transportation
  SIC 441 - Deep Sea Foreign Transportation Of Freight SIC 442 - Deep Sea Domestic Transportation Of Freight SIC 444 - Water Transportation Of Freight, Not Elsewhere Classified SIC 448 - Water Transportation Of Passengers SIC 449 - Services Incidental To Water Transportation SIC 443 - Freight Transportation On The Great Lakes-st.
  - SIC 4492 - Towing And Tugboat Services
    SIC 4491 - Marine Cargo Handling SIC 4492 - Towing And Tugboat Services SIC 4493 - Marinas SIC 4499 - Water Transportation Services, Not Elsewhere Classified

Establishments primarily engaged in furnishing marine towing and tugboat services in the performance of auxiliary or terminal services in harbor areas. The vessels used in performing these services do not carry cargo or passengers.

Industry trends:

The towing and tugboat services industry (NAICS 4492) has been seeing significant trends in recent years driven largely by technological advancements and changing economic conditions. One prominent trend is the increased adoption of autonomous and remotely controlled tugboats. Companies are investing in advanced navigation and control systems that enhance efficiency and safety, reducing the need for large on-board crews. This technology is also allowing service providers to operate in harsher and more isolated environments, broadening their service offerings.

Environmental considerations are becoming more central as well. Strict regulations on emissions are prompting fleet operators to invest in hybrid and fully electric tugboats. These greener vessels not only comply with regulations but also cater to the growing demand from environmentally conscious clients.

Another notable trend is the consolidation within the industry. Smaller operators are being acquired by larger companies seeking to expand their market share and geographic reach. This trend is expected to continue as companies aim to streamline operations and leverage economies of scale.

In the near future, the industry is likely to see further advancements in automation and electric propulsion technologies. Economic fluctuations and global trade patterns will also heavily influence demand for these services. As international trade volumes recover and grow, the towing and tugboat services sector is poised for moderate growth, especially in regions seeing infrastructure investments in ports and harbors.

This industry is comprised of:

Docking of ocean vessels

Shifting of floating equipment within harbors

Towing services, marine

Tugboat service

Undocking of ocean vessels

Explore related industries:

SIC 3731 - Ship Building And Repairing SIC 4173 - Terminal and Service Facilities for Motor Vehicle Passenger SIC 4231 - Terminal And Joint Terminal Maintenance Facilities For Motor Freight

Buy the detailed report

This report includes the ability to segment your Industry by:

Region
Employees
Net Sales

Company Age
Total Assets
Ownership Type

Download sample reports

With iCFO You Get

What Is iCFO?

A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.

Sound Business Analysis

Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.

Your Business’ Health In Minutes

It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.