Global Offshore Support Vessels Market 2025-2035

Description

List of Tables

Offshore Support Vessels Market Size, Share & Trends Analysis Report by Type (Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, and Seismic Vessel), by Propulsion System (Diesel-Electric, Hybrid (Battery + Diesel/Electric), LNG-Fueled Vessels, and Conventional Diesel), and by Application (Shallow Water and Deep Water), Forecast Period (2025-2035)

Industry Overview

Offshore Support Vessels (OSVs) market, estimated at $24.7 billion in 2024, is projected to reach $54.4 billion in 2035, growing at a CAGR of 7.4% during the forecast period (2025-2035). The rising international trade through ocean routes is the major factor driving the growth of the offshore support vessels market. Offshore support vessels are specialized ships or vessels designed to provide various services and support gas exploration and offshore oil production processes. These vessels play a significant role in the logistics and operations of offshore oil and gas platforms and their installation.

Market Dynamics

Increasing Demand for Operational Flexibility of Port Infrastructure and Supply Chains

The OSV market is evolving toward a carbon-neutral future, with vessels designed to seamlessly integrate with offshore fields, port infrastructure, and global supply chains. Future OSVs will be fully connected, digitalized, and highly automated, enabling them to operate as part of a broader, intelligent ecosystem. Powering this transition will be the adoption of green alternative fuels, hybrid-propulsion systems, and energy storage solutions (ESS). Equipped with advanced emission-tracking and performance-monitoring systems, these vessels will not only optimize operational efficiency but also comply with tightening environmental standards.

Next-generation OSVs will be multi-functional assets, capable of serving multiple offshore sectors. They feature expanded accommodation facilities, helidecks, heavy-lift cranes, and streamlined hull forms engineered for complex support operations. Their capabilities will span platform supply, anchor handling, installation, maintenance, repair, subsea construction, pipelaying, decommissioning, as well as support for diving systems and remotely operated vehicles (ROVs).

Market Segmentation

Based on the type, the market is segmented into anchor handling tug supply, platform supply vessel, multipurpose support vessel, standby & rescue vessel, crew vessel, chase vessel, and seismic vessel.
Based on the propulsion system, the market is segmented into diesel-electric, hybrid (battery + diesel/electric), LNG-fueled vessels, and conventional diesel.
Based on the application, the market is segmented into shallow water and deep water.

Regional Outlook

The global offshore support vessels market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

North America to hold a Considerable Share in the Global Offshore Support Vessels Market

The North American region holds the major share of the global offshore support vessels market, driven by the increasing offshore investments in the US and the Gulf of Mexico, alongside growing interest in potential deepwater discoveries. Several companies continue to support the demand for OSVs in offshore operations. For example, instance, in August 2024, DOF secured a subsea contract in the U.S. Gulf of Mexico, covering hull pipes, subsea infrastructure, engineering, procurement, construction, and offshore installation of a water injection flowline. Additionally, in July 2024, Hornbeck Offshore Services partnered with Eastern Shipbuilding Group to transform a 280-foot OSV into a service operation vessel (SOV), addressing the surging demand in the United States offshore wind market.

Market Players Outlook

The global offshore support vessels market is highly competitive with a significant number of global and regional players. A.P. Moller - Maersk, Bourbon Maritime, Seacor Marine Holdings Inc., Solstad Offshore ASA, and Tidewater Inc. are some of the market leaders for offshore support vessels. These players are continuously expanding their product offerings to increase their market presence.

Recent Developments

In April 2025, Vard signed a contract worth €113.5 ($126.0) million with Dong Fang Offshore (DFO) to design and build a subsea operations vessel, with an option for additional units, expanding their collaboration in the offshore wind sector. This new vessel will be the third built by Vard for DFO, following two commissioning service operations vessels ordered in May 2024.
In February 2025, EDT Offshore, a Cyprus-based provider of marine and subsea services, and Singapore-based ship management group Synergy Marine, launched a joint venture aimed at providing ship management solutions for the offshore industry. The partners said that the new entity, EDT Synergy Ship Management, would leverage the expertise of both companies while addressing decarbonization and digitalization challenges in the unique offshore sector.
In August 2024, Wartsila signed a contract with Norwegian shipowner Eidesvik to supply the equipment for the conversion of the offshore supply vessel Viking Energy to run on ammonia fuel. The ship, which works for Equinor, will be converted in early 2026 and is expected to start operating on ammonia in the first half of that year, becoming the world's first working ship powered by ammonia.
In February 2024, BMT announced the launch of its 48m SOV at the Annual Offshore Support Journal Conference, scheduled from February 6-8, 2024. The vessel is designed to offer high levels of comfort, safety, and efficiency while minimizing environmental impact. Building on BMT's track record of over 70 crew transfer vessels operating globally, the 48m SOV is tailored to meet the complex and long-duration operation and maintenance needs of modern offshore projects.
In February 2023, Damen Shipyards Group modified its FLOW-SV vessel concept, which can fast-track the expansion of the vessel concept and accelerate the development of this maritime segment. The Damen FLOW-SV is mainly designed for the installation of ground attacks for offshore-turbine floaters. Moreover, the vessel can load an enormous length of chain required to install and secure nine suction piles or anchors.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global offshore support vessels market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2026707

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Offshore Support Vessel Market Sales Analysis - Type | Propulsion System | Application ($ Million)
Offshore Support Vessel Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Offshore Support Vessel Market Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For the Global Offshore Support Vessel Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For the Global Offshore Support Vessel Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For the Global Offshore Support Vessel Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - Offshore Support Vessel Market Revenue and Share by Manufacturers
Offshore Support Vessel Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. A.P. Moller - Maersk
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Bourbon Maritime
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. SEACOR Marine Holdings Inc.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Solstad Offshore ASA
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Tidewater Inc.
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Offshore Support Vessel Market Sales Analysis by Type ($ Million)

5.1. Anchor Handling Tug Supply
5.2. Platform Supply Vessel
5.3. Multipurpose Support Vessel
5.4. Standby & Rescue Vessel
5.5. Crew Vessel
5.6. Chase Vessel
5.7. Seismic Vessel

6. Global Offshore Support Vessel Market Sales Analysis by Application ($ Million)

6.1. Shallow Water
6.2. Deep Water

7. Global Offshore Support Vessel Market Sales Analysis by Propulsion System ($ Million)

7.1. Diesel-Electric
7.2. Hybrid (Battery + Diesel/Electric)
7.3. LNG-Fueled Vessels
7.4. Conventional Diesel

8. Regional Analysis

8.1. North American Offshore Support Vessel Market Sales Analysis - Type | Propulsion System | Application | Country ($ Million)
Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
8.2. European Offshore Support Vessel Market Sales Analysis - Type | Propulsion System | Application | Country ($ Million)
Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
8.3. Asia-Pacific Offshore Support Vessel Market Sales Analysis - Type | Propulsion System | Application | Country ($ Million)
Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
8.4. Rest of the World Offshore Support Vessel Market Sales Analysis - Type | Propulsion System | Application | Country ($ Million)
Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa

9. Company Profiles

9.1. A.P. Moller - Maersk
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
9.2. Bourbon Maritime
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
9.3. Deltamarin Ltd
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
9.4. DOF Group
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
9.5. Galliano Marine Service
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
9.6. Grupo CBO (CBO Holding S.A.)
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
9.7. Havila Shipping ASA
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
9.8. Harvey Gulf International Marine
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
9.9. Hornbeck Offshore Services, Inc.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
9.10. Island Offshore Group
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
9.11. Kawasaki Kisen Kaisha Ltd.
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
9.12. MMA Offshore (Cyan Offshore Pty Ltd)
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
9.13. Nam Cheong Ltd.
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
9.14. Ostensjo Rederi
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
9.15. Pacific Radiance Ltd.
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
9.16. PACC Offshore Services Holdings Ltd (POSH)
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
9.17. Sea1 Offshore Inc.
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
9.18. SEACOR Marine Holdings Inc.
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
9.19. Solstad Offshore ASA
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
9.20. Tidewater Inc.
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
9.21. Vallianz Holdings Ltd.
- 9.21.1. Quick Facts
- 9.21.2. Company Overview
- 9.21.3. Product Portfolio
- 9.21.4. Business Strategies
9.22. Vroon Group
- 9.22.1. Quick Facts
- 9.22.2. Company Overview
- 9.22.3. Product Portfolio
- 9.22.4. Business Strategies