HOME Top Market Reports Offshore Support Vessel Market by Type (Anchor Handling, Towing and Supply Vessel, Platform Supply Vessel, Multi-Purpose Service Vessel, Crew Vessels, Standby and Rescue Vessels, Others), by Geography (North America, South America, Asia-Pacific, Europe, West & South Africa, Middle East and ROW) - Global Trends to 2019

Offshore Support Vessel Market by Type (Anchor Handling, Towing and Supply Vessel, Platform Supply Vessel, Multi-Purpose Service Vessel, Crew Vessels, Standby and Rescue Vessels, Others), by Geography (North America, South America, Asia-Pacific, Europe, West & South Africa, Middle East and ROW) - Global Trends to 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: EP 2894

 

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This report estimates the ’Offshore support vessel market in terms of value and volume. The offshore support vessel market is segmented on the basis of the vessel type which includes Anchor Handling, Towing and Supply Vessel (AHTS), Platform Supply Vessel (PSV), Multi-Purpose Service Vessel(MPSV), Crew vessels, Standby and Rescue vessels, and Others. The market is further segmented on the basis of geographies such as North America, South America, Asia-Pacific, Europe, West & South Africa, Middle East and Rest of the World (ROW).

Offshore support vessels are required to provide logistic facility along with various other supporting activities. These support vessels provide transport facility along with various other supporting activities on platform support, anchor handling, standby facility, rescue and many more. These vessels are also used to carry crew members to the offshore sites.
The offshore support vessel market is witnessing a huge demand across the Asia-Pacific because of the increased deep-water exploration activities in the Southeast Asia. Increase in the day rate cost of the vessels like AHTS and PSV also caters the increase in market size of offshore support vessel. Rise in the offshore rig count also increases the market for offshore support vessels.

We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the offshore support vessel market. The primary sources– experts, vessel providers and service providers from the industry –have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the offshore support vessels.

We have also profiled leading players of this industry, along with their recent developments and other strategic activities. Some of these include companies such as Bourbon SA (France), The Mearsk Group (Denmark), Seacor Marine LLC (The U.S.), Tidewater Inc. (The U.S.), Swire Group Ltd. (U.K.), Farstad Shipping ASA (Norway) among others.

The report also touches upon various important aspects of the market. These include analysis of the value chain, drivers, restraints, burning issues, winning imperatives, opportunities, challenges as per the Porter’s Five Forces model along with, the competitive landscape. In addition to this, 15 key players of this market have also been profiled.

The global offshore support vessel market is expected to grow owing to the need to satisfy rising marine logistics demand. The lucrative and high-investment areas of offshore regions such as North Sea, U.S Gulf of Mexico and new discoveries in West Africa are the key driving factors for the high growth of offshore support vessel market.

The offshore support vessels or OSVs are vessels used in the marine industry. The designs of the OSV are unique, and each type has its own properties and features, as per the type of operation. OSVs are efficient and vital components of the oil & gas industry. They provide logistic facility along with various other supporting activities including platform support, anchor handling, standby facility, rescue and many more.

The report analyzes the number of offshore support vessels with respect to demand and supply. The study segments the global offshore support vessel market by types which include Anchor Handling, Towing and Supply Vessel (AHTS), Platform Supply Vessels (PSV), Multi-Purpose Service Vessel (MPSV), Crew boats ,Standby and Rescue vessels and Others. The report also analyze OSV market in different geographic regions including North America, South America, Europe, Asia-Pacific, West & South Africa,Middle East and ROW.

Continuous progress in offshore oil & gas industry, increase in rigs count and exploration rate create strong prospects for the future of offshore support vessel market globally.The market for offshore support vessels is expected to reach a value of $71.23 billion by 2019, at a CAGR of 11.3%. Anchor Handling, Towing and Supply Vessel (AHTS) and Platform Supply Vessels (PSV) lead the market and are expected to reach a value of $40.21 billion and $16.06 billion respectively, by the year 2019.

Offshore Support Vessel: Market Share(Value), by Type, 2013

Offshore Support Vessel Market

Source: Expert Interviews and MarketsandMarkets Analysis

The offshore support vessel market is also analyzed with respect to Porter's Five Forces model. Different market forces such as suppliers’ power, buyers’ power, degree of competition, threat of substitutes, and threat of new entrants are analyzed with respect to the industry. The report also provides a competitive landscape of major market players around the globe that includes developments, mergers & acquisition, expansion and investments, agreements and contracts, new technologies developments, and others. A number of these developments are pertaining to the key industry players that suggest the growth strategy of these companies as well as of the overall industry.

The report also provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key burning issues in the offshore support vessel market. Key players in the industry are profiled in detail with their recent developments.

Table of Content

1. Introduction
     1.1. Objectives of The Study
     1.2. Assumptions
     1.3. Markets Covered
     1.4. Stakeholders
     1.5. Market Scope

2. Research Methodology
     2.1. Market Size Estimation
     2.2. Market Share Estimation
            2.2.1. Key Data Taken From Secondary Sources
            2.2.2. Key Data Taken From Primary Sources
            2.2.3. Key Secondary Sources Used

3. Executive Summary

4. Premium Insights

5. Offshore Support Vessel Market Overview
     5.1. Introduction
     5.2. Types
            5.2.1. Anchor Handling, Towing and Supply Vessel (AHTS)
            5.2.2. Platform Supply Vessel (PSV)
            5.2.3. Multi-Purpose Service Vessel (MPSV)
            5.2.4. Crew Boats
            5.2.5. Standby and Rescue Vessel
            5.2.6. Others                      

6. Offshore Support Vessel Market Dynamics
     6.1. Drivers
            6.1.1. Increase In offshore and Subsea Spending
            6.1.2. Increasing offshore Fields
            6.1.3. Oil & Gas Market Demand
     6.2. Restraints
            6.2.1. High Day Rates For Support Vessel
     6.3. Opportunities
            6.3.1. High Oil Prices Will Result In More offshore Development
     6.4. Challenges
            6.4.1. High Operational Risks
     6.5. Burning Issues
            6.5.1. Lack of Technical Professionals In offshore Trade
     6.6. Winning Imperatives
            6.6.1. Dynamic Positioning Systems

7. Industry Trends
     7.1. offshore Support Vessel Value Chain
            7.1.1. OSV Manufacturers
            7.1.2. OSV Operators
            7.1.3. Oil Field Operators
     7.2. Porter’s Five Forces Analysis
            7.2.1. Threat of New Entrants
            7.2.2. Threat of Substitutes
            7.2.3. Bargaining Power of Buyers
            7.2.4. Bargaining of Suppliers
            7.2.5. Competitive Rivalry Within An Industry

8. offshore Support Vessel, By Types
     8.1. Introduction
     8.2. Offshore Support Vessel Market Analysis
            8.2.1. Anchor Handling, Towing and Supply Vessel (AHTS)
            8.2.2. Platform Supply Vessel (PSV)
            8.2.3. Multi-Purpose Service Vessel (MPSV)
            8.2.4. Crew Vessel
            8.2.5. Standby and Rescue Vessel
            8.2.6. Others

9. offshore Support Vessel, By Geography
     9.1. Introduction
     9.2. Offshore Support Vessel Market Analysis
            9.2.1. North America
                      9.2.1.1. Industry Trend
                      9.2.1.2. Market Analysis
            9.2.2. South America
                      9.2.2.1. Industry Trend
                      9.2.2.2. Market Analysis
                      9.2.2.3. Key Trends In Trinidad and Suriname
            9.2.3. Europe
                      9.2.3.1. Industry Trend
                      9.2.3.2. Market Analysis
            9.2.4. Asia-Pacific
                      9.2.4.1. Industry Trend
                      9.2.4.2. Market Analysis
            9.2.5. Middle East
                      9.2.5.1. Industry Trend
                      9.2.5.2. Market Analysis
            9.2.6. West & South Africa
                      9.2.6.1. Industry Trend
                      9.2.6.2. Market Analysis
                      9.2.6.3. Key Market Trends In West Africa
            9.2.7. Rest of The World (ROW)
                      9.2.7.1. Industry Trend
                      9.2.7.2. Market Analysis

10. Competitive Landscape
      10.1. Overview
      10.2. Market Share Analysis, offshore Support Vessel (By Key Players)
      10.3. Competitive Situation and Trends

11. Company Profiles
      11.1. Introduction
      11.2. Bourbon Sa
               11.2.1. Business Overview
               11.2.2. Product Portfolio
               11.2.3. Key Strategy
               11.2.4. Recent Developments
               11.2.5. SWOT Analysis
               11.2.6. MNM View
      11.3. Edison Chouest offshore
               11.3.1. Business Overview
               11.3.2. Product Portfolio
               11.3.3. Key Strategy
               11.3.4. Recent Developments
      11.4. Farstad Shipping Asa
               11.4.1. Business Overview
               11.4.2. Product Portfolio
               11.4.3. Key Strategy
               11.4.4. Recent Developments
               11.4.5. SWOT Analysis
               11.4.6. MNM View
      11.5. Gulfmark offshore
               11.5.1. Business Overview
               11.5.2. Product Portfolio
               11.5.3. Key Strategy
               11.5.4. Recent Developments
      11.6. Harvey Gulf International Marine Llc
               11.6.1. Business Overview
               11.6.2. Product Portfolio
               11.6.3. Key Strategy
               11.6.4. Recent Developments
      11.7. Havila Shipping Asa
               11.7.1. Business Overview
               11.7.2. Product Portfolio
               11.7.3. Key Strategy
               11.7.4. Recent Developments
      11.8. Island Offshore Asa
               11.8.1. Business Overview
               11.8.2. Product Portfolio
               11.8.3. Key Strategy
               11.8.4. Recent Developments
      11.9. Rem Maritime As
               11.9.1. Business Overview
               11.9.2. Product Portfolio
               11.9.3. Key Strategy
               11.9.4. Recent Developments
      11.10. Seacor Marine Llc
               11.10.1. Business Overview
               11.10.2. Product Portfolio
               11.10.3. Key Strategy
               11.10.4. Recent Developments
      11.11. Siem Offshore
               11.11.1. Business Overview
               11.11.2. Product Portfolio
               11.11.3. Key Strategy
               11.11.4. Recent Developments
      11.12. Solstad Offshore Asa
               11.12.1. Business Overview
               11.12.2. Product Portfolio
               11.12.3. Key Strategy
               11.12.4. Recent Developments
      11.13. Swire Group Ltd.
               11.13.1. Business Overview
               11.13.2. Product Portfolio
               11.13.3. Key Strategy
               11.13.4. Recent Developments
               11.13.5. SWOT Analysis
               11.13.6. MNM View
      11.14. The Maersk Group
               11.14.1. Business Overview
               11.14.2. Product Portfolio
               11.14.3. Key Strategy
               11.14.4. Recent Developments
               11.14.5. SWOT Analysis
               11.14.6. MNM View
      11.15. Tidewater Inc
               11.15.1. Business Overview
               11.15.2. Product Portfolio
               11.15.3. Key Strategy
               11.15.4. Recent Developments
               11.15.5. SWOT Analysis
               11.15.6. MNM View
      11.16. Vroon Group
               11.16.1. Business Overview
               11.16.2. Product Portfolio
               11.16.3. Key Strategy
               11.16.4. Recent Developments

12. Appendix
      12.1. Discussion Guide
      12.2. Related Reports

List of Tables (70 Tables) 
 
Table 1 OSV: Market Revenue, By Types, 2012 – 2019 ($Million)
Table 2 OSV: Key Facts, By Geography
Table 3 OSV: Market Growth, By Geography
Table 4 OSV: Developing Market Segments
Table 5 OSV: Market Trends
Table 6 OSV: Market Revenue & Share, 2013
Table 7 OSV: Market Growth, By AHTS & PSV, 2014 – 2019
Table 8 Offshore & Subsea Capex: Market Revenue, By Geography ($Million)
Table 9 OSV: Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 10 AHTS: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019
Table 11 PSV: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019
Table 12 MPSV: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019
Table 13 Crew Vessels: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 14 Standby & Rescue Vessels: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 15 Others: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 16 North America: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 17 South America: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 18 Europe: OSV Market- Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 19 Asia-Pacific: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 20 Middle East: OSV Market Revenue ($Million) & Vessel Count (Demand), 2012 – 2019 
Table 21 West & South Africa: OSV Market Revenue ($Million) & Vessel Count (Units), 2012 – 2019
Table 22 ROW: OSV Market Revenue ($Million) & Vessel Count (Units), 2012 – 2019
Table 23 Offshore Oil Wells: Well Count, By Geography, 2013
Table 24 Crude Oil: OSV Demand, By Geography 
Table 25 Crude Oil: OSV Supply, By Region
Table 26 Natural Gas: OSV Demand By Region
Table 27 Natural Gas: OSV Supply, By Region
Table 28 OSV: Vessel Count (Demand), By Types, 2012 – 2019 
Table 29 OSV: Vessel Count (Supply), By Types, 2012 – 2019
Table 30 OSV: Utilization Rate, 2012 – 2019 
Table 31 AHTS: OSV Market Revenue, By Geography, 2012 – 2019  ($Million) 
Table 32 AHTS: OSV Vessel Count (Demand), By Geography, 2012 – 2019
Table 33 AHTS: Offshore Support Vessel Utilization Rate, 2012 – 2019
Table 34 PSV: OSV Market Revenue, By Geography, 2012 – 2019  ($Million)
Table 35 PSV: OSV Vessel Count (Demand), By Geography, 2012 – 2019
Table 36 PSV: OSV Utilization Rate, 2012 – 2019
Table 37 MPSV: Offshore Support Vessel Market Revenue, By Geography, 2012 – 2019  ($Million) 
Table 38 MPSV: OSV Vessel Count (Demand), By Geography, 2012 – 2019 
Table 39 Standby & Rescue Support Vessels: OSV Market Revenue, By Geography, 2012 – 2019  ($Million) 
Table 40 Standby & Rescue Support Vessels: OSV Vessel Count (Demand), By Geography, 2012 – 2019
Table 41 Crew Vessel: OSV Market Revenue, By Geography, 2012 – 2019  ($Million) 
Table 42 Crew Vessel: OSV Vessel Count (Demand), By Geography, 2012 – 2019
Table 43 Others: Offshore Support Vessel Market Revenue, By Geography, 2012 – 2019  ($Million) 
Table 44 Others: OSV Vessel Count (Demand), By Geography, 2012 – 2019
Table 45 Others: Offshore Support Vessel Utilization Rate, 2012 – 2019
Table 46 OSV: Vessel Count (Demand), By Geography, 2012 – 2019
Table 47 OSV: Vessel Count (Supply), By Geography, 2012 – 2019
Table 48 North America: OSV Market Revenue, By Types, 2012 – 2019  ($Million) 
Table 49 North America: OSV Vessel Count (Demand), By Types, 2012 – 2019
Table 50 North America: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 51 South America: OSV Market Revenue, By Types, 2012 – 2019  ($Million) 
Table 52 South America: OSV Vessel Count (Demand), By Types, 2012 – 2019
Table 53 South America: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 54 Europe: OSV Market Revenue, By Types, 2012 – 2019  ($Million)
Table 55 Europe: Offshore Support Vessel Count (Demand), By Types, 2012 – 2019
Table 56 Europe: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 57 Asia-Pacific: OSV Market Revenue, By Types, 2012 – 2019  ($Million) 
Table 58 Asia-Pacific: OSV Vessel Count (Demand), By Types, 2012 – 2019
Table 59 Asia-Pacific: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 60 Middle East: OSV Market Revenue, By Types, 2012 – 2019  ($Million) 
Table 61 Middle East: Offshore Support Vessel Count (Demand), By Types, 2012 – 2019
Table 62 Middle East: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 63 West & South Africa: OSV Market Revenue, By Types, 2012 – 2019  ($Million) 
Table 64 West & South Africa: OSV Vessel Count (Demand), By Types, 2012 – 2019
Table 65 West & South Africa: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 66 ROW: OSV Market Revenue, By Types, 2012 – 2019  ($Million)
Table 67 ROW: OSV Vessel Count (Demand), By Types, 2012 – 2019
Table 68 ROW: OSV Vessel Count (Supply), By Types, 2012 – 2019
Table 69 Mergers & Acquisitions, 2011 – 2014
Table 70 Agreements, Partnerships, Collaborations & Joint Ventures, 2011 – 2014

List of Figures (20 Figures)

Figure 1 OSV: Market Revenue, By Geography, 2012 – 2019 ($Million)
Figure 2 Offshore Support Vessel: Regional Market Dynamics
Figure 3 OSV: Market Share, By Types, 2014 – 2019
Figure 4: AHTS Dominates The OSV Market In 2013
Figure 5 OSV: Market Share, By Types & By Geography, 2013
Figure 6 Asia-Pacific Dominates The OSV Market In 2013
Figure 7 Offshore Support Vessel: Market Revenue, By Types, Geography, 2013
Figure 8 Offshore Support Vessel: Market Revenue, By Types & Geography
Figure 9 OSV: Market Segmentation
Figure 10 Offshore Support Vessel: Value Chain
Figure 11offshore Market: Capital Spending ($Million)
Figure 12 Oil & Gas: Annual Investments, 2006 – 2011 ($Millions)
Figure 13 Porter’s Five Force Analysis: OSV
Figure 14 Offshore Support Vessel: Market Share Analysis, 2013
Figure 15 Offshore Support Vessel: Patent Analysis, By Geography, 2009 – 2013
Figure 16 Offshore Vessel: Market Growth Strategies, 2011 – 2014
Figure 17 Mergers & Acquisitions, 2011 - 2014
Figure 18 Agreements, Partnerships, Collaborations & Joint Ventures, 2011 - 2014
Figure 19 New Products Launch, 2011 - 2014
Figure 20 Investments, Expansions & Other Developments, 2011 – 2014

Offshore support vessel (OSV) market: The market is estimated to be valued at $71.23 billion by 2019 growing with a CAGR of 11.3% from 2014 to 2019.

The Offshore support vessel market has significant growth lined up for large scale development. The key driving factor for this market is the increase in offshore exploration and production activities around the globe. Day by day the demand for oil & gas around the world is on a rise. To meet this demand new offshore oilfield are discovered and explored. Thus the demand for OSVs is increasing in order to cater different type of support vessels for exploration and production activities.

Favorable demand in Asia-Pacific and growing number of offshore platforms is also expected to be the major demand drivers for the market.

The companies involved in offshore support vessel business are thus expanding into emerging markets such as North America, West Africa, Europe, Asia-Pacific and Middle East among others. Technological advancements and innovative new vessels are the key strategies that are helping the companies to maximize their revenues.

Anchor Handling, Towing and Supply Vessel (AHTS) is the major vessel type for offshore support vessel market. AHTS will continue to dominate the OSV market in the next few years. The other type of support vessels included in the report are Platform Supply Vessels (PSV), Multi-Purpose Service Vessel (MPSV), Crew boats, Standby and Rescue vessels.

Geographically, the market is studied for different regions such as Asia Pacific, North America, South America, West & South Africa, Middle East and Rest of the World (ROW). The value and volume market for offshore support vessel (by demand) is analyzed in detail for all the micro and macro markets. The study covers different growth strategies such as products launch, expansions, contracts and agreements followed by key manufacturers over a period of time.

Offshore Support Vessel Market Share, by Geography, 2013

Offshore Support Vessel Market

Source: MarketsandMarkets Analysis

The offshore support vessel market is worth $38.71 billion in 2013 and is estimated to reach $71.23 billion by 2019, growing at a CAGR of 11.3% from 2014 to 2019. AHTS and PSV are expected to be the key revenue generators for offshore support vessel market.

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