Offshore Support Vessels Market - Global Industry Analysis

Offshore Support Vessels Market By Type (Anchor-Handling Tug Supply Vessels, Platform Support Vessels, Multipurpose Support, Vessels, Emergency Response/Standby And Rescue Vessels, Crew Vessels, Seismic Vessels, Chase Vessels, Others), By Application (Shallow Water, Deepwater), By End User (Oil & Gas, Offshore Wind), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Mar-2022 Category: Energy & Mining Report Format : PDF Pages: 180 Report Code: ZMR-198 Status : Published

The global offshore support vessels market was worth around USD 21.80 billion in 2021 and is estimated to grow to about USD 27.42 billion by 2028, with a compound annual growth rate (CAGR) of approximately 3.9 percent over the forecast period.

Description

Industry Prospective:

The global offshore support vessels market was worth around USD 21.80 billion in 2021 and is estimated to grow to about USD 27.42 billion by 2028, with a compound annual growth rate (CAGR) of approximately 3.9 percent over the forecast period. The report analyzes the offshore support vessels market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the offshore support vessels market.

Offshore Support Vessels Market: Overview

Offshore support vessels are crucial in energy operations in the sea and are a very important cog in the energy generation and distribution system of the world.  The offshore support vessels market growth is governed by rising demand for energy generation, increased sea trade activity, the rising establishment of offshore energy generation plants, etc.

However, the offshore support vessels market growth through 2028 is expected to be hindered by the high costs of offshore support vessels construction and operations. Another challenge that constrains offshore support vessels market potential is fluctuating crude oil prices which could make offshore support vessels operations a complete loss for the market on a global scale.

COVID-19 Impact:

The COVID-19 pandemic massively influenced the offshore support vessels market and resulted in huge losses for the industry in 2020 due to restrictions across the world. The energy industries across the world faced issues and many industries were shuttered due to lack of raw material, disrupted demand and supply chains, lack of skilled labor, etc. The impact on the oil and gas industry was catastrophic and as these are high investment potential industries the losses were also huge as compared to other industry verticals.

Sea trade and consumption of oil and gas were drastically affected by lockdown mandates across the globe as multiple countries closed their borders for trade and travel activity in order to contain the spread of infections. The market is expected to make a speedy recovery in the post-pandemic era as demand returns to normal. The offshore support vessels growth is expected to see a shaky trend with a sudden spike in demand after the restrictions are lifted.

Global Offshore Support Vessels Market

Offshore Support Vessels Market: Growth Drivers

Increasing Installation of Sustainable Energy Generation Plants

The demand for energy has significantly increased over the past few years and has spawned a highly lucrative market for energy generation across the world. However, the world is still heavily reliant on fossil fuels which are majorly governing offshore support vessels market growth through 2028. Increasing focus on clean energy and rising demand for energy is anticipated to boost the offshore support vessels market growth. Offshore support vessels are crucial in the establishment of offshore energy generation plants and this is anticipated to be a major trend driving offshore support vessels market growth through 2028.

Offshore Support Vessels Market: Restraints

High Capital Investments

Offshore support vessel construction is associated with high investments in capital as well as a skilled workforce and this makes it a highly investment-intensive marketplace. From construction to operation of these vessels they require special infrastructure and a skilled set of crew to operate smoothly, all of these factors make it a highly capital intensive task and act as a restraining factor for the offshore support vessels market growth over the forecast period.

Offshore Support Vessels Market: Opportunities

Increasing Demand for Energy From Developing Countries

Emerging economies like India, China, Brazil, and Mexico are seeing rapid urbanization and industrialization and this has fostered a high demand for energy in these countries which is expected to provide lucrative opportunities for major offshore support vessels companies operating in the global landscape. Construction of high sea energy generation plants, oil rigs, and increasing popularity of offshore wind energy generation plants are expected to drive offshore support vessels market growth in emerging economies across the globe.

Offshore Support Vessels Market: Challenges

Crude Oil Price Fluctuations

Crude oil prices change every day in wake of changing economic climate of the world and this means the prices are never static and are always on a volatile trend. This is a major challenge for offshore support vessels market growth as these price fluctuations make or break a company’s profit margin. The deployment of offshore support vessels is largely influenced by crude oil prices as lower prices result in losses due to diminished profit margins and high operational costs of offshore support vessels.

Global Offshore support vessels Market: Segmentation

The global offshore support vessels market is segregated based on type, application, end user, and region.

By type, the market is divided into anchor-handling tug supply vessels, platform support vessels, multipurpose support, vessels, emergency response/standby and rescue vessels, crew vessels, seismic vessels, chase vessels, and others. The anchor-handling tug supply vessels are projected to maintain a dominant outlook through the forecast period. Their popularity is expected to be driven by their many features and robust design that is capable of handling multiple tasks.

By end user, the offshore support vessels market is segmented into oil & gas, offshore wind. The increasing focus on sustainability and rising demand for clean energy is anticipated to propel the demand for offshore wind energy plants and this segment is expected to be crucially important to the offshore support vessels market growth through 2028. Lucrative government initiatives and increasing sustainability focus are expected to drive demand for offshore wind energy generation plants.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In May 2021 – B.W. Offshore announced the funding for a floating vessel for storage and production of offshore gas field development Santos’ Barossa in Australia.

Regional Landscape

An increasing number of clean energy establishments, favorable government policies, presence of key offshore support vessels companies are anticipated to be major factors governing offshore support vessels market growth in the European region. Increasing investments in explorations from the U.K in the North Sea are expected to provide lucrative market opportunities for offshore support vessels market players.

The market for offshore support vessels in North America is expected to experience robust growth over the forecast period as the region sees a major shift in energy generation from conventional sources to sustainable sources. High energy consumption from the United States and increasing adoption of sustainable energy generation are anticipated to boost the offshore support vessels market growth in this region.

Competitive Landscape

Some of the main competitors dominating the global offshore support vessels market include - Maersk (Denmark), BOURBON (France), Ostenjso Rederi (Norway), MMA Offshore (Australia), SEACOR Marine (US), Solstad Offshore (Norway), Tidewater (US), PACC Offshore Services Holdings (Switzerland), DOF Group (Norway), Vroon Group (Netherlands), Siem Offshore (Norway), Swire Pacific (UK), Grupo CBO (Brazil), Royal IHC (Netherlands), Edison Chouest Offshore (US), Havila Shipping (Norway), Nam Cheong Limited (Malaysia), Kawasaki Kisen Kaisha (Japan), Harvey Gulf International Marine (US), and GC Rieber (Norway)

Global offshore support vessels market is segmented as follows:

By Type

  • Anchor-handling tug supply vessels
  • Platform support vessels
  • Multipurpose support vessels
  • Emergency response/standby and rescue vessels
  • Crew vessels
  • Seismic vessels
  • Chase vessels
  • Others

By Application

  • Shallow Water
  • Deepwater

By Type

  • Oil & Gas
  • Offshore Wind

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global offshore support vessels market, 2015 - 2024 (USD Million)
    • 2.2. Global offshore support vessels market: snapshot
  •  
  • Chapter 3. Offshore Support Vessels Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global offshore support vessels market drivers: impact analysis
      • 3.2.2. Investments in offshore oil & gas and renewable sectors
    • 3.3. Market Restraints
      • 3.3.1. Global offshore support vessels market restraints: impact analysis
      • 3.3.2. Capital-intensive market
    • 3.4. Opportunities
      • 3.4.1. Increased exploration actives in ultra-deep water and Arctic region
    • 3.5. Porter's five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by vessel type segment
      • 3.6.2. Market attractiveness analysis, by depth segment
      • 3.6.3. Market attractiveness analysis, by end-user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Offshore Support Vessels Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global offshore support vessels market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Offshore Support Vessels Market- Vessel Type Segment Analysis
    • 5.1. Global offshore support vessels market: vessel type overview
      • 5.1.1. Global offshore support vessels market revenue share, by vessel type, 2017 and 2024
    • 5.2. Anchor Handling Tug Supply (AHTS)
      • 5.2.1. Global offshore support vessels market for Anchor Handling Tug Supply (AHTS) market, 2015 - 2024 (USD Million)
    • 5.3. Platform Supply Vessel (PSV)
      • 5.3.1. Global offshore support vessels market for Platform Supply Vessel (PSV) market, 2015 - 2024 (USD Million)
    • 5.4. Multipurpose Support Vessel (MPSV)
      • 5.4.1. Global offshore support vessels market for Multipurpose Support Vessel (MPSV) market, 2015 - 2024 (USD Million)
    • 5.5. Standby and Rescue Vessel
      • 5.5.1. Global offshore support vessels market for Standby and Rescue Vessel market, 2015 - 2024 (USD Million)
    • 5.6. Crew Vessel
      • 5.6.1. Global offshore support vessels market for Crew Vessel market, 2015 - 2024 (USD Million)
    • 5.7. Others
      • 5.7.1. Global offshore support vessels market for Others market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Offshore Support Vessels Market- Depth Segment Analysis
    • 6.1. Global offshore support vessels market: depth overview
      • 6.1.1. Global offshore support vessels market revenue share, by depth, 2017 and 2024
    • 6.2. Shallow Water
      • 6.2.1. Global offshore support vessels market for shallow water market, 2015 - 2024 (USD Million)
    • 6.3. Deepwater
      • 6.3.1. Global offshore support vessels market for deepwater market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Offshore Support Vessels Market- End-User Segment Analysis
    • 7.1. Global offshore support vessels market: end-user overview
      • 7.1.1. Global offshore support vessels market revenue share, by end-user, 2017 and 2024
    • 7.2. Oil & Gas
      • 7.2.1. Global offshore support vessels market for oil & gas, 2015 - 2024 (USD Million)
    • 7.3. Offshore Wind
      • 7.3.1. Global offshore support vessels market for offshore wind, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Global Offshore Support Vessels Market- Regional Segment Analysis
    • 8.1. Global offshore support vessels market: regional overview
      • 8.1.1. Global offshore support vessels market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
      • 8.2.2. North America offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
      • 8.2.3. North America offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.2.4.2. U.S. offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.2.4.3. U.S. offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.2.5.2. Canada offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.2.5.3. Canada offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.2.6.2. Mexico offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.2.6.3. Mexico offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
      • 8.3.2. Europe offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
      • 8.3.3. Europe offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.3.4.2. UK offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.3.4.3. UK offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.3.5.2. Germany offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.3.5.3. Germany offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.3.6.2. France offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.3.6.3. France offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.7. Spain
        • 8.3.7.1. Spain offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.3.7.2. Spain offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.3.7.3. Spain offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.8. Russia
        • 8.3.8.1. Russia offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.3.8.2. Russia offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.3.8.3. Russia offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.4.2. China offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.4.3. China offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.5.2. Japan offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.5.3. Japan offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.6.2. India offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.6.3. India offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.7.2. Southeast Asia offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.7.3. Southeast Asia offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.8.2. Australia offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.8.3. Australia offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.4.9.2. South Korea offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.4.9.3. South Korea offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.5.4.2. Brazil offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.5.4.3. Brazil offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.5.5. Argentina
        • 8.5.5.1. Argentina offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.5.5.2. Argentina offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.5.5.3. Argentina offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.6.4.2. GCC Countries offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.6.4.3. GCC Countries offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa offshore support vessels market revenue, by vessel type, 2015 - 2024 (USD Million)
        • 8.6.5.2. South Africa offshore support vessels market revenue, by depth, 2015 - 2024 (USD Million)
        • 8.6.5.3. South Africa offshore support vessels market revenue, by end-user, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Edison Chouest Offshore
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Havila Shipping ASA
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Abdon Callais Offshore
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Swire Pacific
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Gulfmark Offshore Inc.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Harvey Gulf
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Bourbon Offshore Marine Services
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Island Offshore Management AS
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Zamil Co.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Farstad Shipping ASA
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Vallianz Holdings Limited
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. Homebeck
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments

Table Of Figures

List of Figures
 
1. Market research process
2. Market research methodology
3. Global offshore support vessels market revenue, 2015 – 2024 (USD Million) 
4. Porter’s five forces analysis
5. Offshore Support Vessels market attractiveness analysis, by vessel type segment
6. Offshore Support Vessels market attractiveness analysis, by depth segment
7. Offshore Support Vessels market: market attractiveness analysis, by end-user segment
8. Offshore Support Vessels market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017 
10. Global offshore support vessels market revenue share by vessel type, 2017 and 2024
11. Global offshore support vessels market for Anchor Handling Tug Supply (AHTS) market, 2015 – 2024 (USD Million)
12. Global offshore support vessels market for Platform Supply Vessel (PSV) market, 2015 – 2024 (USD Million)
13. Global offshore support vessels market for Multipurpose Support Vessel (MPSV) market, 2015 – 2024 (USD Million)
14. Global offshore support vessels market for standby and rescue vessel market, 2015 – 2024 (USD Million)
15. Global offshore support vessels market for crew vessel market, 2015 – 2024 (USD Million)
16. Global offshore support vessels market for others market, 2015 – 2024 (USD Million)
17. Global offshore support vessels market revenue share by depth, 2017 and 2024
18. Global offshore support vessels market for shallow water market, 2015 – 2024 (USD Million)
19. Global offshore support vessels market for deepwater market, 2015 – 2024 (USD Million)
20. Global offshore support vessels market revenue share by end-user, 2017 and 2024
21. Global offshore support vessels market for oil & gas market, 2015 – 2024, (USD Million) 
22. Global offshore support vessels market for offshore wind market, 2015 – 2024, (USD Million) 


Table Of Tables

List of Tables

1. Offshore Support Vessels market: market snapshot                                                                                                                    
2. Drivers of global offshore support vessels market: impact analysis 
3. Restraints of global offshore support vessels market: impact analysis  
4. North America offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
5. North America offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
6. North America offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
7. U.S. offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
8. U.S. offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
9. U.S. offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
10. Canada offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
11. Canada offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
12. Canada offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
13. Mexico offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million) 
14. Mexico offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
15. Mexico offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
16. Europe offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
17. Europe offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
18. Europe offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
19. UK offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
20. UK offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
21. UK offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
22. Germany offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
23. Germany offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
24. Germany offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
25. France offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
26. France offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
27. France offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
28. Spain offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million) 
29. Spain offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
30. Spain offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
31. Russia offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million) 
32. Russia offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
33. Russia offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
34. Asia pacific offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
35. Asia pacific offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
36. Asia pacific offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
37. China offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
38. China offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million) 
39. China offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
40. Japan offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
41. Japan offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million) 
42. Japan offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
43. India offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
44. India offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)  
45. India offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
46. Southeast Asia offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
47. Southeast Asia offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
48. Southeast Asia offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)  
49.  South Korea offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
50. South Korea offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
51. Australia offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
52. Australia offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million) 
53. Australia offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
54. Australia offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
55. Latin America offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
56. Latin America offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
57. Latin America offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)  
58. Brazil offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
59. Brazil offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
60. Brazil offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
61. Argentina offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
62. Argentina offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
63. Argentina offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
64. Middle East and Africa offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
65. Middle East and Africa offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
66. Middle East and Africa offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million) 
67. GCC Countries offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
68. GCC Countries offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
69. GCC Countries offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)
70. South Africa offshore support vessels market revenue, by vessel type, 2015 – 2024 (USD Million)
71. South Africa offshore support vessels market revenue, by depth, 2015 – 2024 (USD Million)
72. South Africa offshore support vessels market revenue, by end-user, 2015 – 2024 (USD Million)  

Methodology

Free Analysis

Offshore vessels are ships that serve an exclusively operational purpose such as oil exploration and construction work at high seas. There are various offshore vessels, which help in the examination and drilling of oil and also provide necessary supplies to the excavation and construction facilities located on the high seas. Offshore ships provide transition and relieve crew staff from the operational areas of high seas, as and when required. Offshore vessels provide required workforce and technical reinforcement so that the operational processes continue efficiently in the high seas without any disruption. Such vessels are known as offshore support vessels. Over the recent years, the offshore oil and gas industries are experiencing significant growth, which is expected to upsurge demand for the offshore support vessels (OSVs) to carry out various operations essential for suspended drilling rigs and moored or fixed production platforms. 
   
The ever-increasing demand to explore and properly harness the potential that high seas offer to provide huge growth in the need and demand for the offshore ships. The ships designed and used for the transportation purpose of materials, stores, liquid cargo, equipment and personnel to the offshore oil platform which functions deep in the oceans are known as offshore support vessels. Services offered by the offshore support vessels include drilling rigs; offshore pipe laying and oil production platforms used in the exploration and production activities. These vessels are used in the supply chain for various tasks. These vessels are essential components for oil & gas industries. The offshore support vessels vary in the properties and functions as per the type of operation. The advantages of technological research and suitable developments, the offshore vessels across the world portray the huge strides used in the maritime sector. 

Global Offshore Support Vessels Market

Based on vessel type, the offshore support vessels market is segmented into Platform Supply Vessel (PSV), Standby and Rescue Vessel, Anchor Handling Tug Supply (AHTS), Multipurpose Support Vessel (MPSV), crew vessel, and others. Based on depth, the market is segmented into shallow water and deep water. On the basis of end-user, the market is segmented as oil & gas and offshore wind. 
 
The Asia Pacific is expected to account for a highest market share in the global offshore support vessels market in 2017 and the region is likely to grow at significant growth rate over the forecast timeframe. Growing demand for energy security using offshore oil & gas field development is expected to drive industry growth in the Asia Pacific region. Steady oil prices led to oil & gas operators with rising exploration and production expenditure in the Chinese offshore market. The offshore support vessels in the Middle East and North America regions are also projected to grow over the forecast period owing to the increased focus on mounting offshore reserves to replace mature onshore fields.  
  
Some of the key players operating in offshore support vessels market include Edison Chouest Offshore, Havila Shipping ASA, Abdon Callais Offshore, Swire Pacific, Gulfmark Offshore Inc., Harvey Gulf, Bourbon Offshore Marine Services, Island Offshore Management AS, Zamil Co., Farstad Shipping ASA, Vallianz Holdings Limited and Abdon Callais, and Homebeck.   

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FrequentlyAsked Questions

Increasing demand for offshore energy generation and rapid advancements in oil and gas industry are some major trends that guide offshore support vessels market growth.

According to the Zion Market Research report, the global offshore support vessels market was worth about US$ 21.80 billion in 2021 and is predicted to grow to around US$ 27.42 billion by 2028, with a compound annual growth rate (CAGR) of around 3.90 percent.

The zzz market growth in Europe is expected to see a bright outlook owing to rising investments in energy generation and the growing establishment of offshore sustainable energy generation plans to meet sustainability goals.

 

Some of the main competitors dominating the global offshore support vessels market include -- Maersk (Denmark), BOURBON (France), Ostenjso Rederi (Norway), MMA Offshore (Australia), SEACOR Marine (US), Solstad Offshore (Norway), Tidewater (US), PACC Offshore Services Holdings (Switzerland), DOF Group (Norway), Vroon Group (Netherlands), Siem Offshore (Norway), Swire Pacific (UK), Grupo CBO (Brazil), Royal IHC (Netherlands), Edison Chouest Offshore (US), Havila Shipping (Norway), Nam Cheong Limited (Malaysia), Kawasaki Kisen Kaisha (Japan), Harvey Gulf International Marine (US), and GC Rieber (Norway)

 

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