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 t%li%exhibit a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 39.1 billion and is projected t%li%reach USD 95.5 billion by the completion of 2034.
Offshore support vessel (OSV) is an advanced maritime craft which is designed t%li%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 t%li%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 t%li%reach USD 95.5 billion over the forecast period, due t%li%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 t%li%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 t%li%maintain competitiveness.
Offshore Support Vessel Market Segments:
Growth Drivers
Transition t%li%Renewable Energy Provides Opportunities for Development
Technological Developments t%li%Create New Opportunities for Growth
Restraint
Oil Price Volatility Could Restrict the Industry's Expansion
Key Players
PRODUCT OVERVIEW
Offshore Support Vessel Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 39.1 billion and is projected t%li%reach USD 95.5 billion by the completion of 2034.
Offshore support vessel (OSV) is an advanced maritime craft which is designed t%li%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 t%li%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 t%li%reach USD 95.5 billion over the forecast period, due t%li%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 t%li%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 t%li%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 t%li%Renewable Energy Provides Opportunities for Development
Technological Developments t%li%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 t%li%witness the fastest growth as well as t%li%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 t%li%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 int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
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
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
