Global Anchor Handling Tug Supply Vessels Market Set to Reach USD 4.2 Billion by 2032, Driven by Expansion in Offshore Drilling Activities

The global Anchor Handling Tug Supply Vessels (AHTS) market continues to make significant strides, with a projected market size of USD 4.2 Billion by 2032 from USD 2.7 Billion in 2023, according to latest report by Dataintelo. Set to grow at a steady Compound Annual Growth Rate (CAGR) of 5% between 2024 and 2032, the market pulsates with opportunities arising from extensive expansion and advancements in offshore drilling.

The AHTS market is buoyed by proliferating activities involved in global exploration and production, creating significant implementation opportunities for the AHTS vessels. These offshore vessels, critical in the transport of supplies and human resources to offshore drilling rigs, are becoming increasingly indispensable to an energized and thriving energy sector.

Offshore oil and gas sectors are witnessing substantial progression and it's this forward momentum that is providing the impetus to the steady growth of the AHTS vessel marketplace. The thriving energy sector relies heavily on offshore drilling as a source for energy production, increasing the demand for AHTS vessels. Hence, as these exploration and production operations continue to scale globally, the utilization of anchor handling tug supply vessels is anticipated to grow in equal measure.

This report gives a comprehensive insight into market trajectory and trends, highlighting potential growth opportunities, key drivers and restraints, as well as provides a market forecast by regions and segments. The forecast period anticipates a steady growth due to the increasing demand for these vessels along with the opportunities presented by the global increase in offshore drilling activities

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/93314

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The anchor handling tug supply vessels market has been segmented on the basis of𝐓𝐲𝐩𝐞
● 10,000 HP

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Oil & Gas
● Industrial
● Others

𝐅𝐥𝐞𝐞𝐭 𝐒𝐢𝐳𝐞
● Small
● Medium
● Large

𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩
● Owned
● Chartered

𝐁𝐮𝐢𝐥𝐝
● New
● Retrofitted

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Bass Marine
● BOURBON
● 𝐂𝐡𝐢𝐧𝐚 𝐎𝐢𝐥𝐟𝐢𝐞𝐥𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
● Deep Sea Supply
● Eastern Shipbuilding
● EMAS Offshore
● Farstad Shipping
● 𝐇𝐚𝐯𝐢𝐥𝐚 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐀𝐒𝐀
● SEACOR Holdings
● Swire Pacific Offshore Operations
● Tidewater



Segment Analysis:

The anchor handling tug supply vessels (AHTS) market is broadly divided based on type, application, fleet size, ownership, and build. Under the type, the market bifurcates into less than 5,000 HP, 5,000 - 9,999 HP, and more than 10,000 HP. The demand and supply for each type differ according to the specific requirements of the end-users and the operational environment. The application segment of the AHTS vessels market encompasses oil & gas industry, industrial applications, and others. The oil & gas sector is one of the key demand generators for these vessels due to their utilization in offshore oil exploration and drilling activities.

In terms of fleet size, the AHTS market is segmented into small, medium, and large, where the choice of fleet size generally depends upon factors such as the scale of operations, magnitude of the task, and budget constraints of the end users. With regards to ownership, the market is classified into owned and chartered vessels, whereas, based on build, the market is divided between new and retrofitted vessels. Choice between owned or chartered, and new or retrofitted vessels primarily depends upon the financial strength and operational needs of the companies.

Regional Analysis:

The regional split for the AHTS market includes Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The Asia Pacific region, with its expanding offshore exploration and production activities predominantly in countries like China, India, and Australia, is anticipated to contribute significantly to the growth of the AHTS market. North America, particularly the U.S., is also a key market due to the extensive offshore oil & gas activities in the Gulf of Mexico.

Europe, driven by the North Sea offshore activities, is expected to show steady demand for AHTS vessels. Meanwhile, the Middle East & Africa region, with its significant offshore oil reserves, is likely to be a prominent regional market for AHTS vessels. On the other hand, Latin America, though having substantial offshore oil & gas reserves, might present a slower growth rate due to the challenging economic conditions in the region. Some of the key players operating in the AHTS vessels market include Bass Marine, BOURBON, China Oilfield Services Limited, Deep Sea Supply, Eastern Shipbuilding, EMAS Offshore, Farstad Shipping, Havila Shipping ASA, SEACOR Holdings, Swire Pacific Offshore Operations, and Tidewater

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/93314

Market Drivers:

1. Increasing offshore oil and gas exploration: The need for Anchor Handling Tug Supply (AHTS) vessels grows with the increase in offshore oil and gas exploration activities. These vessels are primarily used to anchor and tow oil rigs, provide supplies, and perform emergency rescue operations.

2. Expansion in offshore wind energy projects: The growing trend towards renewable energy has significantly increased the demand for offshore wind farms, which require AHTS vessels for transportation and installation of wind turbines.

3. Increasing maritime trade and transportation: With globalization, the demand for maritime trade and transportation is on the rise. AHTS vessels play a crucial role in supporting these activities, which also drives the market.

4. Growing investments in marine technology: Technological advancements in the marine sector requiring superior marine support systems also function as one of the market drivers.

Opportunities:

1. Exploration in deeper seas: The transportation of goods and establishment of wind farms or drilling rigs in deeper seas can provide potential opportunities for AHTS market.

2. Replacement of aging fleet: Older vessels need to be replaced with modern, more efficient vessels, providing a significant opportunity for vessel manufacturers.

3. Emerging markets: Developing regions such as Asia-Pacific and Africa might offer new opportunities for the AHTS market due to the increasing offshore oil and gas exploration activities.

4. Increasing demand for subsea vessels: The rising demand for subsea vessels for deep-water exploration could open new opportunities for the AHTS market.

5. Development of Arctic reserves: Climate change has made Arctic's vast reserves of oil, gas, and minerals more accessible for exploitation. AHTS vessels will be needed for operations in this challenging and remote environment, providing a new growth opportunity

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/93314

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