Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global offshore support vessels market size reached US$ 43.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Offshore support vessels refer to various marine vessels that are used for transporting goods, supplies and equipment during subsea exploration and construction activities. 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). These vessels are primarily used for locating and inspecting oil and gas-bearing areas, towing and positioning rigs/platforms and offering maintenance facilities. 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.
Offshore Support Vessels Market Trends:
Increasing oil and gas exploratory activities is one of the key factors driving the growth of the market. Furthermore, the rising demand for PSVs across the globe is also providing a boost to the market growth. PSVs are used in the production stage of offshore drilling and for the transportation of cement, casting and drilling pipes and completion fluids. Additionally, various technological advancements in the manufacturing processes of offshore support vessels and the integration of Dynamic Positioning (DP) systems in marine vessels, is acting as another growth-inducing factor. Manufacturers are emphasizing on producing computer-controlled vessels that can automatically control their propellers and thrusters to maintain a specific position. Other factors, including rapid industrialization and extensive research and development (R&D) activities, along with growing investments in the oil and gas sector across the globe, especially in the emerging economies, are projected to drive the global offshore support vessels market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global offshore support vessels market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, water depth, fuel, service type, and application.
Breakup by Type:
Anchor Handling Towing Supply Vessel
Platform Supply Vessel
Fast Supply Intervention Vessel
Multi-Purpose Service Vessel
Others
Breakup by Water Depth:
Shallow Water
Deepwater
Breakup by Fuel:
Fuel Oil
LNG
Breakup by Service Type:
Technical Services
Inspection & Survey
Crew Management
Logistics & Cargo Management
Anchor Handling & Seismic Support
Others
Breakup by Application:
Oil and Gas Applications
Offshore Applications
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Bourbon, Grupo CBO, Gulfmark, Havila, Maersk, Seacor Marine, SIEM Offshore, Solstad, Swire, Tayrona Offshore, Tidewater, and Vroon Group.
Key Questions Answered in This Report
1. What was the size of the global offshore support vessels market in 2022?
2. What is the expected growth rate of the global offshore support vessels market during 2023-2028?
3. What are the key factors driving the global offshore support vessels market?
4. What has been the impact of COVID-19 on the global offshore support vessels market?
5. What is the breakup of the global offshore support vessels market based on the type?
6. What is the breakup of the global offshore support vessels market based on the water depth?
7. What is the breakup of the global offshore support vessels market based on the fuel?
8. What is the breakup of the global offshore support vessels market based on the application?
9. What are the key regions in the global offshore support vessels market?
10. Who are the key players/companies in the global offshore support vessels market?