North America Offshore Support Vessels Market Report and Forecast 2025-2034

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.