PUBLISHER: The Business Research Company | PRODUCT CODE: 1929083
PUBLISHER: The Business Research Company | PRODUCT CODE: 1929083
Offshore support vessels are specialized ships tailored for ocean operations, serving a diverse range of functions. These versatile vessels perform tasks such as platform support, anchor handling, construction, maintenance, and transportation of equipment to offshore rigs. Additionally, they are utilized for tasks such as repairing offshore wind turbines and various other offshore operations.
The primary segments within the offshore support vessel markets encompass 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. Anchor-handling tug supply vessels function as pivotal supply ships crucial for oil rig installation in offshore areas and are instrumental in rescue operations. These vessels double up as emergency response and rescue vessels (ERVs) and facilitate supply transportation. Services rendered span technical support, inspections, surveys, and more. These vessels operate across diverse water depths, including shallow, deep, and ultra-deep waters, serving various applications in the oil and gas sector and broader offshore activities.
Tariffs have impacted the offshore support vessel market by increasing costs for imported ship components, marine equipment, and propulsion systems. Higher duties have affected vessel construction and refurbishment, particularly in asia pacific and europe where shipbuilding activity is concentrated. These tariffs have raised capital expenditure and extended vessel delivery timelines. At the same time, tariff pressures have supported domestic shipyards, encouraged local sourcing, and strengthened regional vessel manufacturing capabilities.
The offshore support vessel 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 a 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.
The offshore support vessel market size has grown strongly in recent years. It will grow from $29.85 billion in 2025 to $31.94 billion in 2026 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth of offshore oil and gas exploration, expansion of offshore drilling activities, increasing need for logistics and platform support, development of deepwater fields, reliance on conventional offshore vessels.
The offshore support vessel market size is expected to see strong growth in the next few years. It will grow to $41.51 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growth of offshore wind installations, increasing offshore maintenance activities, rising demand for advanced support vessels, investments in offshore energy projects, focus on safety and cost efficiency. Major trends in the forecast period include rising demand for multi-purpose support vessels, increasing utilization in deepwater and ultra-deepwater operations, growing focus on fleet modernization, expansion of offshore wind support activities, rising emphasis on operational efficiency.
The increasing global energy demand is expected to drive growth in the offshore support vessel market. Energy is the capacity to cause change or perform work, and rising worldwide demand has led to greater exploration efforts in offshore locations. Offshore support vessels are essential for transporting personnel, equipment, and supplies to and from offshore rigs and platforms. For example, in August 2023, ExxonMobil Corporation, a U.S.-based oil and gas company, projected that global energy demand would reach approximately 660 quadrillion British Thermal Units (Btu) by 2050, representing an increase of around 15%. Therefore, the growing global energy demand is fueling the offshore support vessel market.
Key players in the offshore support vessel sector are prioritizing the development of pioneering solutions, notably the Marine Advisory System Operational Planner, aimed at ensuring dependable services for customers. This specialized software module is tailored to enhance the efficiency of offshore operations, specifically for wind farms and diverse marine installations. A notable instance is witnessed in June 2023, when ABB Ltd., a renowned technology company based in Switzerland, introduced the OCTOPUS - Marine Advisory System Operational Planner for offshore support vessels. This software suite serves as a comprehensive tool, leveraging real-time data and insights pertaining to crucial factors such as weather conditions, sea state, and vessel motions, thereby optimizing the operational performance of offshore vessels.
In January 2025, Next Geosolutions Europe S.p.A., an Italy-based provider of marine geoscience and offshore survey services, acquired the offshore vessel Deep Helder, renamed NG Surveyor, for an undisclosed amount. With this acquisition, Next Geosolutions aims to enhance its offshore support capabilities by expanding its fleet for geophysical, geotechnical, environmental, and UXO survey operations, strengthening service offerings for offshore energy projects. Deep Helder/NG Surveyor, a Netherlands-registered offshore survey vessel, provides specialized survey services for offshore support operations.
Major companies operating in the offshore support vessel market are A.P. Moller - Maersk, Swire Pacific Offshore, Wartsila, Kawasaki Kisen Kaisha Ltd., Damen Shipyards Group, McDermott International Inc., Topaz Energy and Marine, K Line Offshore AS, Solstad Offshore ASA, Vroon Offshore Services B.V., DOF ASA, Keppel Corporation, Tidewater Inc., Bourbon Corporation SA, IHC Offshore Marine B.V., Maersk Supply Service A/S, PACC Offshore Services Holdings Ltd., Seacor Marine Holdings, Harvey Gulf International Marine LLC, Siem Offshore, Havila Shipping ASA, Simon Mokster Shipping AS, Sanko Steamship Co Ltd., Island Offshore Management AS, SINOPACIFIC Shipbuilding Group, Gulf Offshore N.S. Ltd., Qingdao Euchuan, Rem Maritime AS
Asia-Pacific was the largest region in the offshore support vessel market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the offshore support vessel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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.
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.
Offshore Support Vessel Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses 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.
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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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