Global Platform Supply Vessels (PSV) Market Growth 2025-2031

The global Platform Supply Vessels (PSV) market size is predicted to grow from US$ 3543 million in 2025 to US$ 4033 million in 2031; it is expected to grow at a CAGR of 2.2% from 2025 to 2031.

A Platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from 50 to 100 meters in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and transportation of goods, tools, equipment and personnel to and from offshore oil platforms and other offshore structures. In the recent years a new generation of Platform Supply Vessel entered the market, usually equipped with Class 1 or Class 2 Dynamic Positioning System.

The major players in the global Platform Supply Vessels (PSV) market are COSCO Shipping, Vard Group, Shipyard DeHop, Wuchang Shipbuilding, Eastern Shipbuilding Group, etc. The top five players occupy about 20% of the market share.

The United States is the largest Platform Supply Vessels (PSV) market, with a market share of about 40%, followed by China with about 30%.

LP Information, Inc. (LPI) ' newest research report, the “Platform Supply Vessels (PSV) Industry Forecast” looks at past sales and reviews total world Platform Supply Vessels (PSV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Platform Supply Vessels (PSV) sales for 2025 through 2031. With Platform Supply Vessels (PSV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Platform Supply Vessels (PSV) industry.

This Insight Report provides a comprehensive analysis of the global Platform Supply Vessels (PSV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Platform Supply Vessels (PSV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Platform Supply Vessels (PSV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Platform Supply Vessels (PSV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Platform Supply Vessels (PSV).

This report presents a comprehensive overview, market shares, and growth opportunities of Platform Supply Vessels (PSV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PSV below 3000 DWT
PSV above 3000 DWT

Segmentation by Application:
Oil & Gas Production
Offshore Construction
Military
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
COSCO Shipping
Vard Group
Xiamen Shipbuilding
Nam Cheong
VT Halter Marine
Americasn SB
Damen
SINOPACIFIC
Shipyard DeHoop
Wuchang Shipbuilding
BAE Systems
Ulstein Verft
Bollinger Shipyards
Bordelon Marine SB
Eastern Shipbuilding Group
Remontowa
Harvey Shipyards

Key Questions Addressed in this Report

What is the 10-year outlook for the global Platform Supply Vessels (PSV) market?

What factors are driving Platform Supply Vessels (PSV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Platform Supply Vessels (PSV) market opportunities vary by end market size?

How does Platform Supply Vessels (PSV) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.