Offshore Support Vessel Market

Offshore Support Vessel Market Forecasts to 2028 – Global Analysis By Water Depth (Shallow water, Deepwater, Ultra Deepwater), Fuel (Fuel Oil, Liquefied Natural Gas (LNG)), Application (Oil & Gas, Patrolling), and By Geography

4.8 (60 reviews)
Published: October 2021 ID: SMRC21057
4.8 (60 reviews)
Published: October 2021 ID: SMRC21057

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Offshore Support Vessel Market is accounted for $19.44 billion in 2020 and is expected to reach $29.83 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Increasing oil and gas exploratory activities, rising demand for PSVs across the globe, and extensive research and development (R&D) activities are the major factors propelling the market growth. However, huge capital requirements for offshore projects and fluctuations in the oil prices are hampering the market growth.

The offshore support vessels refer to various marine vessels that are used for transporting goods, supplies and equipment during subsea exploration and construction activities. These vessels are primarily used for locating and inspecting oil and gas-bearing areas, towing and positioning rigs/platforms and offering maintenance facilities. Some of the common types of offshore support vessels include diving support, crane, and pipe laying vessels, seismic survey ships, and platform supply vessels (PSVs). They are equipped with powerful small-sized boats that respond to emergencies at offshore installations and also provide various other services, such as transportation, anchor management and platform support.

Based on type, the platform support vessels (PSV) segment is estimated to have a lucrative growth due to the increasing demand for these vessels driven by the uptake in offshore drilling activities. As these wells come into the production stage, the demand is further expected to be boosted. This is anticipated to result in the improvement of the overall utilization of platform supply vessels in the coming years.

By geography, North America is going to have a lucrative growth during the forecast period due to the increasing offshore exploration across the region. In addition, the offshore wind power sector is seen as the major area of development, as the large coastal area is available for leasing, where wind power plants can be built. As a result, the increasing offshore wind activities in the United States are likely to increase the need for construction, operation, maintenance, and other activities, which, in turn, is expected to increase the use of offshore support vessels in the country in the next few years.

Some of the key players profiled in the Offshore Support Vessel Market include Abdon Callais Offshore LLC, Bourbon Corporation SA, Edison Chouest Offshore, GulfMark Offshore Inc, Havila Shipping, Maersk Supply Service A/S, Ostenjso Rederi, Seacor Marine Holdings Inc, Siem Offshore AS, Solstad Offshore ASA, Tidewater Inc, and Vroon Group.
Types Covered:

• Anchor Handling Tug/Anchor Handling Towing Supply (AHT/AHTS) Vessels
• Cable and Pipe Laying Vessels
• Chase Vessels
• Crew Vessels
• Diving Support Vessels (DSVs)
• Emergency Response/Standby and Rescue Vessels
• Multipurpose Support Vessels (MPSV)
• Platform Support Vessels (PSV)
• Remotely Operated Vessels (ROVs)
• Seismic Vessels
• Well Intervention Vessels
• Well Stimulation Vessels

Service Types Covered:
• Anchor Handling, Towage & Offshore Positioning
• Assistance, Salvage, & Pollution Remediation
• Crew Management
• Financial Services
• Technical Services
• Inspections & Survey
• Logistic & Cargo Management
• Seismic Supports
• Subsea Services

Water Depths Covered:
• Shallow water
• Deepwater
• Ultra Deepwater

Fuels Covered:
• Fuel Oil
• Liquefied Natural Gas (LNG)

Applications Covered:
• Offshore Wind
• Oil & Gas
• Patrolling
• Research & Surveying

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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