
Offshore Support Vessel (OSV) Market Size, Share, and Analysis, By Vessel Type (Anchor Handling Tug Supply Vessel, Platform Supply Vessels, Crew Vessel, and Others), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), By Application (Oil & Gas
Description
Offshore Support Vessel (OSV) Market Size, Share, and Analysis, By Vessel Type (Anchor Handling Tug Supply Vessel, Platform Supply Vessels, Crew Vessel, and Others), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), By Application (Oil & Gas, Offshore Wind, Patrolling, Research & Surveying, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Offshore Support Vessel (OSV) Market Size, Share, and Analysis, By Vessel Type (Anchor Handling Tug Supply Vessel, Platform Supply Vessels, Crew Vessel, and Others), By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), By Application (Oil & Gas, Offshore Wind, Patrolling, Research & Surveying, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Offshore Support Vessel Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 39.1 billion and is projected to reach USD 95.5 billion by the completion of 2034.
Offshore support vessel (OSV) is an advanced maritime craft which is designed to provide essential support and logistical services for offshore oil and gas exploration activities and production endeavors. These vessels play an extremely important role in remote and challenging offshore locations, transporting workers and goods to and from offshore sites, delivering critical materials, assisting with anchor handling, and carrying out emergency response and rescue operations. Additionally, OSVs serve an important role in facilitating the smooth flow of resources and personnel between onshore bases and offshore installations, which improves the efficiency, safety, and sustainability of offshore energy projects. Therefore, the versatility and adaptability of OSVs highlight their significance in supporting the complex operations associated with offshore oil and gas activities.
MARKET HIGHLIGHTS
Offshore Support Vessel (OSV) Market is projected to reach USD 95.5 billion over the forecast period, due to the global surge in offshore oil and gas exploration and production activities. The increased demand for energy and exploration of deepwater and ultra-deepwater reserves are major factors pushing the growing requirement for offshore support vessels. Additionally, improvements in vessel design that prioritize sustainability and safety features help in promoting market growth. There is a growing demand for specialized OSVs that provide services including platform supply, anchor management, and emergency response. Furthermore, the industry is progressively integrating digital technologies to improve operational efficiency with a focus on sustainability initiatives. However, OSV market is facing significant challenges such as fluctuating oil prices and changing regulations, which requires strategic planning and adaptability among industry players to maintain competitiveness.
Offshore Support Vessel Market Segments:
- By Vessel Type
- Anchor Handling Tug Supply Vessel
- Platform Supply Vessels
- Crew Vessel
- Others
- By Water Depth
- Shallow Water
- Deepwater
- Ultra-Deepwater
- By Application
- Oil & Gas
- Offshore Wind
- Patrolling
- Research & Surveying
- Others
Growth Drivers
Transition to Renewable Energy Provides Opportunities for Development
Technological Developments to Create New Opportunities for Growth
Restraint
Oil Price Volatility Could Restrict the Industry's Expansion
Key Players
- Edison Chouest Offshore
- Siem Offshore Inc.
- DOF ASA
- Solstad Offshore ASA
- Hornbeck Offshore Services, Inc.
- Vroon Offshore Services
- Island Offshore Management AS
- Swire Pacific Offshore
- Harvey Gulf International Marine
- GulfMark Offshore, Inc.
- SEACOR Marine Holdings Inc.
- Farstad Shipping ASA
- Bumi Armada Berhad
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
425 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2.Business Trends
- 1.3. Offshore Support Vessel (OSV) Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1.Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4.Primary Research
- 2.5.Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1.Market Definition
- 3.2.Offshore Support Vessel (OSV) Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4.Key Developments
- 3.5.Allied Industry Data
- 4.Offshore Support Vessel (OSV) Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2.COVID-19 overview on world economy
- 4.3.Industry ecosystem Channel analysis
- 4.4.Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1.Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4.Market Restraints
- 7.5. Market Trends
- 8.Risk Analysis
- 9. Market Analysis
- 9.1.Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1.Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10.Offshore Support Vessel (OSV) Market
- 10.1.Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 11.1. Overview
- 11.2.Key Findings
- 11.3.Market Segmentation
- 11.3.1.By Vessel Type
- 11.3.1.1. Anchor Handling Tug Supply Vessel
- 11.3.1.1.1.By Value (USD Million) 2024-2034F
- 11.3.1.1.2. Market Share (%) 2024-2034F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.2.Platform Supply Vessels
- 11.3.1.2.1. By Value (USD Million) 2024-2034F
- 11.3.1.2.2.Market Share (%) 2024-2034F
- 11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.1.3.Crew Vessel
- 11.3.1.3.1. By Value (USD Million) 2024-2034F
- 11.3.1.3.2.Market Share (%) 2024-2034F
- 11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.1.4.Others
- 11.3.1.4.1. By Value (USD Million) 2024-2034F
- 11.3.1.4.2.Market Share (%) 2024-2034F
- 11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2. By Water Depth
- 11.3.2.1.Shallow Water
- 11.3.2.1.1. By Value (USD Million) 2024-2034F
- 11.3.2.1.2.Market Share (%) 2024-2034F
- 11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2.2. Deepwater
- 11.3.2.2.1.By Value (USD Million) 2024-2034F
- 11.3.2.2.2. Market Share (%) 2024-2034F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2.3. Ultra-Deepwater
- 11.3.2.3.1.By Value (USD Million) 2024-2034F
- 11.3.2.3.2. Market Share (%) 2024-2034F
- 11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.By Application
- 11.3.3.1.Oil & Gas
- 11.3.3.1.1. By Value (USD Million) 2024-2034F
- 11.3.3.1.2.Market Share (%) 2024-2034F
- 11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.3.2. Offshore Wind
- 11.3.3.2.1.By Value (USD Million) 2024-2034F
- 11.3.3.2.2. Market Share (%) 2024-2034F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.3. Patrolling
- 11.3.3.3.1.By Value (USD Million) 2024-2034F
- 11.3.3.3.2. Market Share (%) 2024-2034F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.4. Research & Surveying
- 11.3.3.4.1.By Value (USD Million) 2024-2034F
- 11.3.3.4.2. Market Share (%) 2024-2034F
- 11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.5. Others
- 11.3.3.5.1.By Value (USD Million) 2024-2034F
- 11.3.3.5.2. Market Share (%) 2024-2034F
- 11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
- 12.North America Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 12.1.Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1.By Vessel Type
- 12.3.2. By Water Depth
- 12.3.3. By Application
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13.Europe Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 13.1.Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1.By Vessel Type
- 13.3.2. By Water Depth
- 13.3.3. By Application
- 13.4.Country
- 13.4.1.Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14.Asia-Pacific Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 14.1. Overview
- 14.2. Key Findings
- 14.3.Market Segmentation
- 14.3.1.By Vessel Type
- 14.3.2. By Water Depth
- 14.3.3. By Application
- 14.4. Country
- 14.4.1.India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4.Japan
- 14.4.5.Rest of APAC
- 15.Middle East and Africa Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1.By Vessel Type
- 15.3.2. By Water Depth
- 15.3.3. By Application
- 15.4.Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4.South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Offshore Support Vessel (OSV) Market Size & Forecast 2024A-2034F
- 16.1.Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1.By Vessel Type
- 16.3.2. By Water Depth
- 16.3.3. By Application
- 16.4.Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1.Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1. Edison Chouest Offshore
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1.Product Portfolio
- 18.1.4.2.Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Siem Offshore Inc.
- 18.3. DOF ASA
- 18.4. Swire Pacific Offshore
- 18.5. GulfMark Offshore, Inc.
- 18.6. Hornbeck Offshore Services, Inc.
- 18.7. Farstad Shipping ASA
- 18.8. Solstad Offshore ASA
- 18.9. Vroon Offshore Services
- 18.10.Island Offshore Management AS
- 18.11.Harvey Gulf International Marine
- 18.12. SEACOR Marine Holdings Inc.
- 18.13. Bumi Armada Berhad
- 18.14. Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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