Offshore Support Vessels Market
Global Offshore Support Vessels Market Size, Share, and Trends Analysis Report by Type (Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, and Seismic Vessel), and by Application (Shallow Water and Deep Water), Forecast Period (2022-2028)
The global offshore support vessels market is anticipated to grow at a CAGR of 4.8% during the forecast period. The rising international trade through ocean routes is the major factor driving the growth of the offshore support vessels market. According to the United Nations Conference on Trade and Development, around 80% of global trade by volume and over 70% of global trade by value are carried by sea and are handled by ports globally in 2018.
However, the trade tensions between China and the US, as well as those between the US and Russia are escalating trade frictions that may lead to a trade war that could derail the recovery, reshape global maritime trade patterns, and dampen the outlook. This may hamper the growth of the market during the forecast period. Moreover, However, the rising maritime accidents are a major challenging factor for the market growth. According to the Allianz SE, a total of 2,185 shipping accidents were recorded in 2019, in which 41 large ships were completely lost. The six days blockage of the Suez Canal in March 2021 is another major instance that had cost a loss of $9.6 billion per day as Ever Given container ship got stuck. Due to this factor, various organizations are preferring air logistics services as it also takes lesser time for transportation as compared to sea transportation. This report will further analyze all the factors that are directly or indirectly influencing the market growth.
Segmental Outlook
The global offshore support vessels market is segmented based on the type and application. Based on the type, the market is segmented into anchor handling tug supply, platform supply vessel, multipurpose support vessel, standby & rescue vessel, crew vessel, chase vessel, and seismic vessel. Among these types, the platform supply vessel segment holds a considerable share in the market. These vessels are used for the transportation of equipment, other goods, and rig crew to the offshore drilling and production platforms. The rising shipment of heavy materials is a major factor driving the growth of this segment globally.
Based on the application, the market is sub-segmented into shallow water and deep water. Among these depths, the deep water segment is expected to grow fastest during the forecast period owing to the rising oil and gas exploration projects globally. The above-mentioned segments can also be customized as per the requirements.
Regional Outlooks
The global offshore support vessels market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can also be analyzed for a particular region or country level as per the requirement.
Global Offshore Support Vessels Market Growth by Region, 2022-2028
The North American Region Holds the Major Share in the Global Offshore Support Vessels Market
The North American region holds the major share in the global offshore support vessels market. The market in this region is expected to be driven by the rising offshore investments in the US and the Gulf of Mexico, and a focus on the potential deepwater discoveries in the US. For instance, Kosmos Energy started deepwater oil discovery in the Gulf of Mexico, the US in January 2021. Similarly, Shell Offshore Inc., the subsidiary of Royal Dutch Shell, announced a deepwater oil discovery at the Leopard well in the same region. This well has reported more than 600 feet (183 meters) of net oil pay at multiple levels.
Market Players Outlook
The major companies serving the global offshore support vessels market include Island Offshore Management, Seacor Marine Holdings Inc., Havila Shipping ASA, Deep Sea Supply PLC, Solstad Offshore, Tidewater Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Norway-based Island Offshore received new support vessel contracts worth around $52 million in March 2022. These contracts include delivery of platform supply vessels, anchor handling tug supply (AHTS) vessels, and light well intervention vessels.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global offshore support vessels market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Offshore Support Vessels Market
• Recovery Scenario of Global Offshore Support Vessels Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Offshore Support Vessels Market by Type
4.1.1. Anchor Handling Tug Supply
4.1.2. Platform Supply Vessel
4.1.3. Multipurpose Support Vessel
4.1.4. Standby & Rescue Vessel
4.1.5. Crew Vessel
4.1.6. Chase Vessel
4.1.7. Seismic Vessel
4.2. Global Offshore Support Vessels Market by Application
4.2.1. Shallow Water
4.2.2. Deep Water
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bass Marine Pty Ltd.
6.2. BOURBON Maritime,
6.3. Bumi Armada Berhad
6.4. Delta Logistics Ltd.
6.5. DOF Group
6.6. Grupo Coremar S.A.
6.7. Havila Shipping ASA
6.8. Intermarine LLC
6.9. Island Offshore Management
6.10. Maersk Supply Service
6.11. P&O Maritime Logistics
6.12. Rem Maritime As
6.13. Seacor Marine Holdings Inc.
6.14. Siem Offshore
6.15. Solstad Offshore ASA
6.16. Swire Pacific
6.17. Tidewater Inc.
1. GLOBAL OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL ANCHOR HANDLING TUG SUPPLY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PLATFORM SUPPLY VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MULTIPURPOSE SUPPORT VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL STANDBY & RESCUE VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL CREW VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CHASE VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SEISMIC VESSEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL OFFSHORE SUPPORT VESSELS FOR SHALLOW WATER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL OFFSHORE SUPPORT VESSELS FOR DEEP WATER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. EUROPEAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. REST OF THE WORLD OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD OFFSHORE SUPPORT VESSELS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL OFFSHORE SUPPORT VESSELS MARKET, 2021-2028 ($ MILLION)
2. GLOBAL OFFSHORE SUPPORT VESSELS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
3. GLOBAL ANCHOR HANDLING TUG SUPPLY MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL PLATFORM SUPPLY VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL MULTIPURPOSE SUPPORT VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL STANDBY & RESCUE VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL CREW VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL CHASE VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL SEISMIC VESSEL MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL OFFSHORE SUPPORT VESSELS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
11. GLOBAL OFFSHORE SUPPORT VESSELS FOR SHALLOW WATER MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL OFFSHORE SUPPORT VESSELS FOR DEEP WATER MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL OFFSHORE SUPPORT VESSELS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
16. UK OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD OFFSHORE SUPPORT VESSELS MARKET SIZE, 2021-2028 ($ MILLION)
