North America Offshore Support Vessels Market Report and Forecast 2025-2034
Description
The North America offshore support vessels market size is projected to grow at a CAGR of 5.30% between 2025 and 2034. The growing interest in deep sea exploration in the region is propelling the market growth
The increasing emphasis on deep sea exploration is expected to propel the North America offshore support vessels market expansion. For instance, the Jet Propulsion Laboratory of NASA is developing an autonomous underwater vehicle named Orpheus to study the diversity of marine life in the Hadal zone, where high temperature and low-pressure environments make life difficult. The increasing collaboration of NASA with the Massachusetts-based Woods Hole Oceanographic Institution is also expected to increase the opportunities for ocean exploration, thereby contributing towards the North America offshore support vessels market growth.
In 2023, the United States and Canada produced 41 billion barrels of oil per day, while the Middle East produced a relatively lesser quantity. The anticipated increase in the drilling of (500) new oil wells in Canada is expected to drive the North America offshore support vessels market development over the forecast period. The introduction of favourable government policies aimed at increasing oil and gas exploration, along with a well-developed infrastructure, is expected to increase the demand for offshore support vessels in the coming years.
Surging deep water applications are expected to become a major driver for the growth of the North America offshore support vessels market in the forecast period.
Market Segmentation
North America Offshore Support Vessels Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Anchor Handling Tug Vessel (AHTV)
Platform Supply Vessel
Multipurpose Support Vessel
Crew Vessel
Standby and Rescue Vessel
Others
Market Breakup by Application
Shallow Water
Deep Water
Market Breakup by End Use
Offshore Oil and Gas
Offshore Wind
Market Breakup by Country
United States of America
Canada
Competitive Landscape
The key North America offshore support vessels market players are:
Tidewater Inc.
AP Moeller - Maersk A/S
SEACOR Marine Holdings Inc.
Austal Ltd.
Hornbeck Offshore Services, Inc.
Siem Offshore Inc.
Harvey Gulf International Marine
LLC, Horizon Maritime Services Ltd.
Damen Shipyards Group
Otto Candies, LLC
others.
The increasing emphasis on deep sea exploration is expected to propel the North America offshore support vessels market expansion. For instance, the Jet Propulsion Laboratory of NASA is developing an autonomous underwater vehicle named Orpheus to study the diversity of marine life in the Hadal zone, where high temperature and low-pressure environments make life difficult. The increasing collaboration of NASA with the Massachusetts-based Woods Hole Oceanographic Institution is also expected to increase the opportunities for ocean exploration, thereby contributing towards the North America offshore support vessels market growth.
In 2023, the United States and Canada produced 41 billion barrels of oil per day, while the Middle East produced a relatively lesser quantity. The anticipated increase in the drilling of (500) new oil wells in Canada is expected to drive the North America offshore support vessels market development over the forecast period. The introduction of favourable government policies aimed at increasing oil and gas exploration, along with a well-developed infrastructure, is expected to increase the demand for offshore support vessels in the coming years.
Surging deep water applications are expected to become a major driver for the growth of the North America offshore support vessels market in the forecast period.
Market Segmentation
North America Offshore Support Vessels Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Anchor Handling Tug Vessel (AHTV)
Platform Supply Vessel
Multipurpose Support Vessel
Crew Vessel
Standby and Rescue Vessel
Others
Market Breakup by Application
Shallow Water
Deep Water
Market Breakup by End Use
Offshore Oil and Gas
Offshore Wind
Market Breakup by Country
United States of America
Canada
Competitive Landscape
The key North America offshore support vessels market players are:
Tidewater Inc.
AP Moeller - Maersk A/S
SEACOR Marine Holdings Inc.
Austal Ltd.
Hornbeck Offshore Services, Inc.
Siem Offshore Inc.
Harvey Gulf International Marine
LLC, Horizon Maritime Services Ltd.
Damen Shipyards Group
Otto Candies, LLC
others.
Table of Contents
102 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Offshore Support Vessels Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Offshore Support Vessels Historical Market (2018-2024)
- 5.3 Global Offshore Support Vessels Market Forecast (2025-2034)
- 5.4 Global Offshore Support Vessels Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Offshore Support Vessels Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Offshore Support Vessels Historical Market (2018-2024)
- 6.3 North America Offshore Support Vessels Market Forecast (2025-2034)
- 7 North America Offshore Support Vessels Market by Type
- 7.1 Anchor Handling Tug Vessel (AHTV)
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Platform Supply Vessel
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Multipurpose Support Vessel
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Crew Vessel
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Standby and Rescue Vessel
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Others
- 8 North America Offshore Support Vessels Market by Application
- 8.1 Shallow Water
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Deep Water
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 North America Offshore Support Vessels Market by End Use
- 9.1 Offshore Oil and Gas
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Offshore Wind
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 North America Offshore Support Vessels Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Tidewater Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 AP Moeller - Maersk A/S
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 SEACOR Marine Holdings Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Austal Ltd.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Hornbeck Offshore Services, Inc.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Siem Offshore Inc.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Harvey Gulf International Marine, LLC
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Horizon Maritime Services Ltd.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Damen Shipyards Group
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Otto Candies, LLC
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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