Offshore Support Vessel Market Size, Share, Price | Industry Report 2022

“Offshore Support Vessel Market Size, Share, Price | Industry Report 2022” Market Research Report to It’s a Database.

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The offshore support vessel market is projected to reach USD 20.15 billion by 2022, growing at a CAGR of 4.92%, from 2017 to 2022. Offshore support vessels are ships that are used for transporting supplies, equipment, and personnel to offshore oil & gas production facilities. Increasing focus on offshore field exploration and development, particularly in the deep water sector, all around the globe is a major driver for the offshore support vessel market. The discovery of large oil reserves in the offshore regions of South-East Asia and Africa are other major drivers for this market.

North America is the largest market, by value, for offshore support vessels, followed by Asia-Pacific. The North American market is also projected to be the fastest growing market, during the forecast period, owing to continuing production and exploration activities, particularly in the U.S. and the Gulf of Mexico. As oil prices remain stable, the North American market will grow at the highest pace, as it will witness the quickest rise in exploration and production spending in response to any future recovery in oil prices, with its well-developed offshore industry and status as a low-risk investment region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 45%, Tier 2- 30%, Tier 3- 25%
• By Designation: C-Level- 20%, D-Level- 25%, Others- 55%
• By Region: Asia-Pacific- 32%, North America- 25%, Latin America &the Caribbean- 21%, Europe- 11%, West & South Africa- 7%,Middle East- 4%

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Key points from table of content:

Company Profiles :

• Bourbon Corporation Sa
• Farstad Shipping Asa
• Seacor Marine LLC
• Swire Group, Ltd.
• Tidewater, Inc.
• Gulfmark Offshore, Inc.
• Havila Shipping Asa
• Hornbeck Offshore Services, Inc
• The Maersk Group
• Rem Maritime as
• Siem Offshore, Inc.
• Solstad Offshore Asa
• Vroon Group
• Edison Chouest Offshore
• Harvey Gulf International Marine, LLC
• Island Offshore Management as
• Grupo Cbo
• Tayrona Offshore Services S.A.
• Grupo Coremar S.A.
• Delta Logistics Limited
• Deep Sea Supply PLC
• Bumi Armada Berhad
• Topaz Energy and Marine Limited
• Petroleum Company of Trinidad & Tobago Limited
• The National Gas Company of Trinidad and Tobago Limited

Report Coverage:

The report provides a picture of the offshore support vessel market across its different types and regions. It aims at estimating the market size and future growth potential of this market in terms of supply volume, demand volume, and value. Furthermore, the report also includes in-depth competitive analyses of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the market by providing them the closest approximations of the revenue numbers for the overall offshore support vessel market and its sub segments. This report will help stakeholders better understand the competitive landscape and gain insights to better position their businesses and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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