Press release
Offshore Support Vessel Market to reach revenue of US$ 23.2 Bn by 2031 at 7.1% CAGR
Offshore Support Vessel Market Forecast to 2031
The global offshore support vessel services market is currently valued at close to US$ 11.7 Bn. Demand for offshore support vessel services is slated to expand at 7.1% CAGR to reach a market revenue of US$ 23.2 Bn by 2031. Surge in global sea trade, offshore wind market, and vast prospects for offshore oil & gas exploration activities will generate continued demand for offshore support vessel services.
Persistence Market Research recently published a report on the offshore support vessel services market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the market will grow over the forecast period of 2021 to 2031.
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Offshore Support Vessel Services Market Segmented By Platform Supply Vessels, Multirole field & ROV Supply Vessels, Offshore Subsea Construction Vessels, Offshore Subsea Construction Vessels, Emergency Response and Rescue Vessels, Chase & Seismic Vessels, Standby Crew Vessels Type
Key Players-
• BOURBON Corporation
• A.P. Møller - Mærsk A/S
• Falcon Energy Group
• Delta marine Industries Inc
• Swire Pacific Limited
• Edison ChouestOffshore(Offshore Service Vessels L.L.C. )
• Greatship (India) Limited
• VroonOffshore Services PteLtd
• Vallianz Holdings. Limited
• Bumi Armada Berhad
• SolstadFarstad ASA
• Seacor Holdings Inc.
• GulfMarkOffshore, Inc
• Tidewater Inc
• Pacific Radiance Ltd
• Hornbeck
• M3 Marine Group Pte. Ltd and more
Offshore support vessel services are critical for various offshore operations such as oil and gas exploration, production, drilling, and more. Due to the industry's ever-evolving nature and increasing demand for offshore activities, the Offshore Support Vessel Services Market has grown exponentially in recent years.
The Offshore Support Vessel Services Market is driven by factors such as growing offshore exploration and production activities in deepwater areas, rising demand for transporting personnel and equipment to offshore locations, technological advancements in vessels used for support service operations, greater availability of skilled personnel for these operations, and increasing investments in the sector. Offshore support vessels are also increasingly being used for defense purposes due to their flexibility and adaptability to changing conditions.
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As regulations become stricter around the world, Offshore Support Vessel Services Market players are exploring new technologies and processes to remain competitive. These include the use of remote-controlled vessels, automation, and artificial intelligence (AI) capabilities. This is expected to drive further growth in the Offshore Support Vessel Services Market over the next few years.
In addition, government incentives for offshore activities such as tax credits, grants and subsidies are also likely to boost demand for Offshore Support Vessels services in the near future. Therefore, Offshore Support Vessel Services Market is projected to experience a positive outlook in the coming years.
Key Market Segments
Persistence Market Research's study on the offshore support vessel services market is divided into four significant segments - vessel type, service type, end-use industry, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Vessel Type
Platform Supply Vessels (PSVs)
Multirole field & ROV Support Vessels (MRSVs)
Offshore Subsea Construction Vessels (OSCVs)
Anchor Handling Tug Supply (AHTS)
Emergency Response and Rescue Vessels (ERRSV)
Chase & Seismic Vessels
Standby Crew Vessels
Others
Service Type
Financial Services ( Chartering & Brokerage, Consulting )
Technical Services ( Repair & Maintenance, Technical Support)
Inspection & Survey
Building & Design
Crew Management
Manpower Supply
Training & Support
Logistics & Cargo Management
Anchor Handling, Towage and Offshore Positioning
Seismic Support
Assistance, Salvage & Pollution Remediation
Subsea Services
End-use Industry
Offshore Oil & Gas
Military
Civil & Commercial
Offshore Wind
Others
Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
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Key Questions Answered in Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling demand for offshore support vessel services during the forecast period?
How will current trends impact the market?
Who are the significant participants in the offshore support vessel services Market?
What are the crucial strategies of prominent players to upscale their positions in this landscape?
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