Offshore Support Vessel Market Report: Trends, Forecast and Competitive Analysis to 2030

Offshore Support Vessel Trends and Forecast

The future of the global offshore support vessel market looks promising with opportunities in the oil & gas, offshore wind, patrolling, and research & surveying markets. The global offshore support vessel market is expected to reach an estimated $25 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing investments in offshore oil and gas exploration and production activities, expansion of offshore renewable energy projects, as well as, rising trend of upgrading older vehicle fleets.

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Offshore Support Vessel by Segment

The study includes a forecast for the global offshore support vessel by water depth, vessel type, application, and region.

Offshore Support Vessel Market by Water Depth [Shipment Analysis by Value from 2018 to 2030]:

• Shallow Water
• Deepwater
• Ultra-Deepwater

Offshore Support Vessel Market by Vessel type [Shipment Analysis by Value from 2018 to 2030]:

• Anchor Handling Tug Supply Vessel
• Platform Supply Vessels
• Crew Vessel
• Others

Offshore Support Vessel Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oil & Gas
• Offshore Wind
• Patrolling
• Research & Surveying
• Others

Offshore Support Vessel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Offshore Support Vessel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies offshore support vessel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the offshore support vessel companies profiled in this report include-

• DOF
• Solstad Offshore
• Tidewater
• A.P. Moller - Maersk
• Siem Offshore
• BOURBON
• Vroon

Offshore Support Vessel Market Insights

Lucintel forecasts that anchor handling tug supply vessel will remain the largest segment over the forecast period because the AHTS units provide a strong design and variety of extra characteristics to push massive oil and gas buildings from shore to the appropriate site.

APAC will remain the largest region over the forecast period due to existence of vast offshore reserves, growing enthusiasm for sustainable energy alternatives, and growing demand for OSVs for port support and logistics services.

Features of the Global Offshore Support Vessel Market

Market Size Estimates: Offshore support vessel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Offshore support vessel market size by water depth, vessel type, application, and region in terms of value ($B).

Regional Analysis: Offshore support vessel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different water depth, vessel type, application, and regions for the offshore support vessel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the offshore support vessel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the offshore support vessel market size?

Answer: The global offshore support vessel market is expected to reach an estimated $25 billion by 2030.

Q.2 What is the growth forecast for offshore support vessel market?

Answer: The global offshore support vessel market is expected to grow with a CAGR of 7.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the offshore support vessel market?

Answer: The major drivers for this market are increasing investments in offshore oil and gas exploration and production activities, expansion of offshore renewable energy projects, as well as, rising trend of upgrading older vehicle fleets.

Q4. What are the major segments for offshore support vessel market?

Answer: The future of the global offshore support vessel market looks promising with opportunities in the oil & gas, offshore wind, patrolling, and research & surveying markets.

Q5. Who are the key offshore support vessel market companies?

Answer: Some of the key offshore support vessel companies are as follows:

• DOF
• Solstad Offshore
• Tidewater
• A.P. Moller - Maersk
• Siem Offshore
• BOURBON
• Vroon

Q6. Which offshore support vessel market segment will be the largest in future?

Answer: Lucintel forecasts that anchor handling tug supply vessel will remain the largest segment over the forecast period because the AHTS units provide a strong design and variety of extra characteristics to push massive oil and gas buildings from shore to the appropriate site.

Q7. In offshore support vessel market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to existence of vast offshore reserves, growing enthusiasm for sustainable energy alternatives, and growing demand for OSVs for port support and logistics services.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the offshore support vessel market by water depth (shallow water, deepwater, and ultra-deepwater), vessel type (anchor handling tug supply vessel, platform supply vessels, crew vessel, and others), application (oil & gas, offshore wind, patrolling, research & surveying, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?