Offshore Support Vessel Global Market Report 2023

Description

“Offshore Support Vessel Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on offshore support vessel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for offshore support vessel? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The offshore support vessel market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Anchor-handling tug supply vessels; Platform Support Vessels; Multipurpose Support Vessels; Emergency Response or Standby and Rescue Vessels; Crew Vessels; Seismic Vessels; Chase Vessels

2) By Service: Technical Services; Inspection and Survey; Other Services

3) By Water Depth: Shallow water; Deepwater; Ultra-Deepwater

4) By Application: Oil and Gas Applications; Offshore Applications

Companies Mentioned: Solstad Offshore ASA; Seacor Marine Holdings; Swire Pacific Offshore; Tidewater; Havila Shipping

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the offshore support vessel market are: Solstad Offshore ASA, Seacor Marine Holdings, Swire Pacific Offshore, Tidewater, Havila Shipping, Maersk, Siem Offshore, Bourbon Corporation SA, and Havila Shipping ASA.

The global offshore support vessel market grew from $24.18 billion in 2022 to $26.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore support vessel market is expected to grow to $31.62 billion in 2027 at a CAGR of 5.0%.

The offshore support vessel market consists of sales of well intervention vessels, and accommodation vessels. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Offshore support vessels are specialty ships designed for operating on the ocean, serving multiple purposes. They serve as platform support, anchor handling, construction, maintenance, and anything from bringing equipment to rigs to repairing offshore wind turbines and more.

Asia-Pacific was the largest region in the offshore support vessel market in 2022. North America is expected to be the fastest growing market in the forecast period. The regions covered in the offshore support vessel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of offshore support vessel markets are anchor-handling tug supply vessels, platform support vessels, multipurpose support vessels, emergency response or standby vessels, rescue vessels, crew vessels, seismic vessels, and chase vessels. An anchor-handling tug supply vessel is a type of supply ship that helps in installing oil rigs in mid-sea and also for rescue purposes. These vessels also serve as emergency response and rescue vessels (ERVs) and as supply transports. The various services include technical services, inspections, surveys, and others. The various water depth includes shallow water, deep water and ultra-deep-water. The various application includes oil and gas applications, and offshore applications.

Increasing exploration and production activities for oil and gas are expected to propel the growth of the offshore support vessel market. A substantial presence of proven oil reserves in various countries is set to increase production activities. Innovations from such reserves are transforming into demand for well drilling and production activities, which, in turn, are maintaining the offshore support vessel market growth. Increasing oil and gas exploratory activities in the golden triangle, including the Gulf of Mexico, Brazil, and West Africa, are anticipated to drive offshore E&P activities in the region. For instance, in March 2022, according to a survey report published by S&P Global, a US-based publicly traded corporation, production, capital expenditures, employment, and overall operating costs all increased dramatically in Q1 in the oil and gas exploration industry. In addition, nearly 52% of respondents reported an increase in oil production, along with 47% reporting an increase in natural gas production during the quarter of 2022. Therefore, increasing exploration and production activities for oil and gas are driving the growth of the offshore support vessel market.

New product innovations have emerged as the key trend gaining popularity in the offshore support vessel market. Major companies operating in the offshore support vessel sector are introducing new products to reinforce their position. For instance, in December 2020, Siem Offshore's PSV, a Norway-based company that manufactures offshore vessels, launched its first hybrid vessel, Siem Symphony. This vessel is fitted with a 600-kWh chargeable battery pack as an additional power supply, which helps to lower the fuel consumption of the vessel. These hybrid vessels are effective during standby mode.

In July 2020, Seacor Marine, a US-based international ship manufacturing company, acquired Seacosco for a deal amount of USD28.15 million. This acquisition will expand Seacor's existing portfolio of support vehicles and solutions and boost the company's capabilities. The acquisition helps Seacor's Marine strategy to transform their operations by advancing the technological capabilities and giving their customers the best possible solutions with high efficiency. Seacosco is a US-based offshore support vessel company.

The countries covered in the offshore support vessel market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The offshore support vessels market research report is one of a series of new reports from The Business Research Company that provides offshore support vessel market statistics, including offshore support vessel industry global market size, regional shares, competitors with an offshore support vessel market share, detailed offshore support vessel market segments, market trends and opportunities, and any further data you may need to thrive in the offshore support vessel industry. This offshore support vessel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3902

1. Executive Summary

2. Offshore Support Vessel Market Characteristics

3. Offshore Support Vessel Market Trends And Strategies

4. Offshore Support Vessel Market - Macro Economic Scenario

4.1 COVID-19 Impact On Offshore Support Vessel Market
4.2 Ukraine-Russia War Impact On Offshore Support Vessel Market
4.3 Impact Of High Inflation On Offshore Support Vessel Market

5. Offshore Support Vessel Market Size And Growth

5.1. Global Offshore Support Vessel Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Offshore Support Vessel Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Offshore Support Vessel Market Segmentation

6.1. Global Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Anchor-Handling Tug Supply Vessels
Platform Support Vessels
Multipurpose Support Vessels
Emergency Response or Standby and Rescue Vessels
Crew Vessels
Seismic Vessels
Chase Vessels
6.2. Global Offshore Support Vessel Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Technical Services
Inspection and Survey
Other Services
6.3. Global Offshore Support Vessel Market, Segmentation By Water Depth, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Shallow Water
Deepwater
Ultra-Deepwater
6.4. Global Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Oil and Gas Applications
Offshore Applications

7. Offshore Support Vessel Market Regional And Country Analysis

7.1. Global Offshore Support Vessel Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Offshore Support Vessel Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Offshore Support Vessel Market

8.1. Asia-Pacific Offshore Support Vessel Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Offshore Support Vessel Market

9.1. China Offshore Support Vessel Market Overview
9.2. China Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Offshore Support Vessel Market

10.1. India Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Offshore Support Vessel Market

11.1. Japan Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Offshore Support Vessel Market

12.1. Australia Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Offshore Support Vessel Market

13.1. Indonesia Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Offshore Support Vessel Market

14.1. South Korea Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Offshore Support Vessel Market

15.1. Western Europe Offshore Support Vessel Market Overview
15.2. Western Europe Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Offshore Support Vessel Market

16.1. UK Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Offshore Support Vessel Market

17.1. Germany Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Offshore Support Vessel Market

18.1. France Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Offshore Support Vessel Market

19.1. Eastern Europe Offshore Support Vessel Market Overview
19.2. Eastern Europe Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Offshore Support Vessel Market

20.1. Russia Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Offshore Support Vessel Market

21.1. North America Offshore Support Vessel Market Overview
21.2. North America Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Offshore Support Vessel Market

22.1. USA Offshore Support Vessel Market Overview
22.2. USA Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Offshore Support Vessel Market

23.1. South America Offshore Support Vessel Market Overview
23.2. South America Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Offshore Support Vessel Market

24.1. Brazil Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Offshore Support Vessel Market

25.1. Middle East Offshore Support Vessel Market Overview
25.2. Middle East Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Offshore Support Vessel Market

26.1. Africa Offshore Support Vessel Market Overview
26.2. Africa Offshore Support Vessel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Offshore Support Vessel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Offshore Support Vessel Market Competitive Landscape And Company Profiles

27.1. Offshore Support Vessel Market Competitive Landscape
27.2. Offshore Support Vessel Market Company Profiles
- 27.2.1. Seacor Marine Holdings
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Swire Pacific Offshore
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Tidewater
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Havila Shipping
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Maersk
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Offshore Support Vessel Market

29. Offshore Support Vessel Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer