The global demand for Offshore Support Vessel Market is presumed to reach the valuation of nearly USD 32.39 BN by 2030 from USD 17.37 BN in 2022 with a CAGR of 8.1% under the study period of 2023-2030.
Offshore support vessels or OSVs are designed to carry out different operations, which are necessary for floating drilling rigs, as well as moored or fixed production platforms. These are specially designed ships for transporting goods and personnel to offshore oil platform that operate deep in oceans. These vessels support in accomplishing a variety of tasks in the supply chain. On the basis of operations, OSVs can be divided into various types including seismic survey ships, platform supply vessels (PSV), anchor handling tugs, anchor handling tug and supply vessels (AHTS), offshore construction vessels (OCV), ROV support vessels, dive support vessels, standby vessels, inspection and maintenance and repair vessels (IMR) among others.
Market Dynamics
The increasing investments in offshore oil & gas and renewable sectors across the globe are likely to propel the market growth. However, capital-intensive market and oversupply of offshore vessels in the market are likely to hamper the demand of OSVs in the near future. Whereas, replacement and decommissions of aging offshore infrastructure coupled with increasing exploration actives in ultra-deepwater and arctic region are expected to spur an opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of offshore support vessel.
Market Segmentation
The entire offshore support vessel market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vessel Type
- Anchor Handling Tug Supply Vessel
- Platform Supply Vessels
- Crew Vessel
- Others
By Water Depth
- Shallow Water
- Deepwater
- Ultra-Deepwater
By Application
- Oil & Gas
- Offshore Wind
- Patrolling
- Research & Surveying
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for offshore support vessel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Offshore Support Vessel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the offshore support vessel market include Wartsila (Finland), Damen Shipyards Group (Netherlands), Solstad Offshore ASA (Norway), Maersk Supply Service (Denmark), SEACOR Marine Holdings (U.S.), Tidewater Marine (U.S.), Siem Offshore (Norway), BOURBON (France), K line (Kawasaki Kisen Kaisha, Ltd) (Japan), MMA Offshore Limited (Australia), Havila Shipping ASA (Norway), Edison Chouest Offshore (U.S.), Nam Cheong Offshore Pte. Ltd (Malaysia), Hornbeck Offshore (U.S.), Vroon (Netherlands). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.