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Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • June 2020
  • 110 pages
  • ID: 5917326
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global offshore support vessels market grew at a CAGR of around 6% during 2014-2019.

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.

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 market further. Looking forward, the analyst expects the market to continue its moderate growth during the next five years.

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:
Financial Services
Technical Services
Inspection & Survey
Crew Management
Logistics & Cargo Management
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, Vroon Group.

Key Questions Answered in This Report:
How has the global offshore support vessel market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on water depth?
What is the breakup of the market based on the fuel?
What is the breakup of the market based on the service type?
What is the breakup of the market based on application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global offshore support vessel market and who are the key players?
What is the degree of competition in the industry?

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