Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region - Global Forecast to 2023
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Request NowMarketsandMarkets forecasts the offshore support vessel market to grow from USD 20.1 billion in 2018 to USD 25.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.04% during the forecast period. The major factors that are expected to be driving the offshore support vessel market are deepwater production and exploration activities in Europe and Middle East would boost the growth of the offshore support vessel market. The growth in deployment of offshore wind farms in countries such as China and the US would drive the offshore support vessel, for installation, maintenance, and during the replacement of offshore wind turbines.
By type, the AHTS segment is expected to grow at the highest growth rate during the forecast period
Anchor-handling tug supply (AHTS) vessels constitute the largest segment of the offshore support vessel market, by type, in terms of volume as well as value. AHTS vessels are designed to provide anchor-handling and towage services and are also used for supplying deck cargo, water, fuel, dry bulk, and mud-to-oil rigs and platforms. These vessels can also be used for emergencies and are well equipped for firefighting, rescue, and oil recovery operations. The demand from Asia Pacific and Europe is projected to drive the market for AHTS vessels during the forecast period. Countries such as Vietnam, Malaysia, Thailand, and Australia increased their E&P activities in offshore areas in the recent past. Malaysia is the largest contributor to the short-term oil & gas production growth mainly due to the Kebabangan Gas Project. Also, there is a strong support from Petroliam Nasional Berhad (PETRONAS), which provides approximately USD 15.6 billion a year toward capital expenditure in the oil & gas industry. Moreover, local laws have been implemented to protect the local OSV operators as PETRONAS will prioritize Malaysian-flagged vessels over foreign vessels.
By application, the shallow water segment to hold the largest share of the offshore support vessel market during the forecast period
The shallow segment is the fastest-growing market during the forecast period and is projected to dominate the market during the forecast period. The application of offshore support vessels in shallow water projects is estimated to lead the market, both in terms of market value and growth. The shallow water basins in Asia-Pacific, Europe, and North America will play a major role in driving the offshore support vessel market. Shallow water operations are typically less expensive compared with deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activities in shallow water basins compared with deepwater ones.
Asia Pacific to account for the largest market size during the forecast period.
The Asia Pacific market was estimated to be the largest market, by value, for offshore support vessels in 2018, driven largely by China. Stabilizing oil prices have already led to oil & gas operators increasing exploration and production spending in the Chinese offshore market, with capital expenditures allocations estimated to resume steadily. The market for offshore support vessels in North America and the Middle East regions is also expected to grow during the forecast period due to the growing focus on developing offshore reserves to replace maturing onshore fields.
Market Dynamics
Driver: Rising offshore investment in emerging economies
Rising population and increasing demand of primary energy consumption are the major factors for rising investments in emerging economies. Countries in the Western African region, especially Congo, Liberia, Senegal, and Ghana are planning to increase the offshore expenditures and drill more offshore wells. West Africa and Brazil have been very active in the offshore market. There have been new offshore discoveries in other African countries, such as, Mozambique, Kenya, and Tanzania. In the southern part of Africa, 265 wells have been drilled offshore and yet there is plenty of unexplored offshore land in this region. Asia- Pacific is the other major region, which is planning to increase its offshore production due to tremendous pressure to meet energy demand as a result of increased industrialization, population, and growing consumption. India has 56% of oil reserves in offshore, and Government of India has planned to add 91 million barrels of crude oil by 2017, to improve energy security and protect the country from supply disruptions. China National Offshore Oil Corporation, a state-owned Chinese E&P company, has expanded its presence in offshore zones in Bohai Bay and South China Sea. Moreover, with policy change, several private players have entered the business. So, the increasing investments in emerging economies would positively contribute to the offshore support vessel market.
Restraint: Significant decrease in oil prices
Declining oil prices has resulted in a drop in drilling activities and has severely affected revenues of offshore drilling companies. In 2015, the U.S. drilling activities dropped by 20%, and Russias oil & gas expenditure dropped by 15%. Due to low crude oil prices, global drilling outside the U.S. fell by 6.8% and global offshore drilling fell by 8.8% in 2014. As a result of sustained lower crude oil prices, several offshore drilling companies have begun cutting costs by reducing the size of their operation, which has affected the revenue of offshore support vessel companies. Demand for offshore support vessel dropped by significant margin in 2015 and is expected to decrease by same rate in 2017. Crude oil prices are stabilized between USD 55 to USD 60 barrels for the past few times, which may be a positive news for offshore support vessel providers.
Opportunity: Modern technology for working in deepwater & ultra-deepwater
With the gradual maturity of shallow water fields, oil & gas operators are exploring for deep and ultra-deep water opportunities to meet the growing oil & gas demand. This has stimulated growth in investments in offshore and subsea activities. The shallow water covers majority of the market share, but the vessels used here are not capable of working in deepwater and ultra-deepwater due to harsh climatic conditions. This factor offers great opportunity for the manufacturers to manufacture technologically equipped vessels to face the challenging environmental condition. For instance, invention of Dynamic Positioning (DP) system for marine vessels is very remarkable and has been accepted worldwide. With the changing requirements and need of upgradation, DP-1 vessels are almost in their last phase and used in crew supply vessels only, DP-2 and DP-3 vessels are more frequently used in PSVs and gaining more importance in the market. The evolution of DP vessels is one such example of technological upgradation that enables vessels to work in tough conditions. Hence, technological advancement is one of the key drivers fueling the growth of the offshore support vessel market.
Challenge: High operational risk
Working in the offshore industry involves high operational risks, especially in offshore support vessel operations. Offshore support vessels carry limited quantity of hazardous and noxious liquid stuff in bulk. There can be environmental risks because of these, and hence offshore support vessel market has to abide by certain policies of Safety of Life at Sea (SOLAS) and Prevention of Pollution from Ships (MARPOL). Still errors can occur due to the lack of operational perfection, human errors, and natural calamities. It takes a lot of effort to work in an offshore support vessels and perform tasks such as anchor handling, platform support, search, and rescue. All these tasks are risky and prone to technological failures.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
Billion (USD) |
|
Segments covered |
By Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region |
|
Geographies covered |
North America, Europe, Asia-Pacific, South America, Africa, Middle East |
|
Companies covered |
Bourbon (France), Seacor Marine LLC (US), Swire Group (Hong Kong), Tidewater (US), Gulfmark Offshore (US), Havila Shipping (Norway), Hornbeck Offshore Services (US), the Maersk Group (Denmark), and Siem Offshore (Norway). |
The research report categorizes the offshore support vessel to forecast the revenues and analyze the trends in each of the following sub-segments:
Offshore Support Vessel Market By Type
- Anchor-handling tug supply vessels
- Platform supply vessels
- Multipurpose supply vessels
- Emergency response/standby and rescue vessels
- Crew vessels
- Chase vessels
- Seismic vessels
- Others
Offshore Support Vessel Market By Application
- Shallow water
- Deepwater
Offshore Support Vessel Market By End-User
- Oil & Gas
- Offshore Wind
Offshore Support Vessel Market By Region
- Asia-Pacific
- North America
- South America
- Europe
- Africa
- Middle East
Key Market Players
Bourbon (France), Seacor Marine LLC (US), Swire Group (Hong Kong), Tidewater (US), Gulfmark Offshore (US), Havila Shipping (Norway), Hornbeck Offshore Services (US), the Maersk Group (Denmark), and Siem Offshore (Norway).
Bourbon, one of the leading players, provides offshore subsea and marine services for offshore oil & gas fields. It is considered one of the leading players of the offshore shipping industry, providing ship-borne supplies to oil and oil-related companies all over the world. Bourbon has nearly 514 operating offshore support vessels, out of which 444 vessels are owned by the company. It has used contracts & agreements as a key strategy to enhance its product portfolio. For instance, in July 2017, Bourbon received a contract to assist Saipem with pipe-laying operations at the Zohr gas field in Egypt
Recent Developments
- In January 2017, Bourbon and Saipem (Italy) signed a contract to provide offshore equipment by barge to pipe laying vessels. This operation was performed in Nigeria. Saipem entered in this contract on behalf of Total (France).
- In February 2017, Farstad Shipping, ASA along with Deep Sea Supply, merged with Solstad Offshore to form the biggest offshore support vessel fleet of 157 vessels.
- In April, 2016, Seacor Marine LLC expanded its fleet by obtaining the fast support vessel Najla McCall from Incat Crowther (Australia).
- In December 2016, Swire Seabed AS, a wholly owned subsidiary of Swire Pacific Limited, expanded its fleet by taking delivery of its fourth subsea vessel, Seabed Constructor. This ship would serve a contract signed with U.K.-based Ocean Infinity.
- In January 2017, GulfMark Offshore, Inc. and ASCO Marine, Ltd. (Scotland) signed a contract for utilizing Highland Prince, a platform support vessel, for its U.K. continental shelf operations.
Critical questions the report answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the offshore support vessel market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 33)
4.1 Attractive Market Opportunities in the Offshore Support Vessel Market
4.2 OSV Market, By Country
4.3 OSV Market, By End User
4.4 OSV Market, By Type
4.5 Asia Pacific Offshore Support Vessel: Application Vs. Country
4.6 Offshore Support Vessel, By Application
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Investments in Offshore Oil & Gas and Renewable Sectors
5.2.2 Restraints
5.2.2.1 Capital-Intensive Market
5.2.2.2 Oversupply of Offshore Vessels
5.2.3 Opportunities
5.2.3.1 Aging Offshore Infrastructure Leading to Replacement and Decommissions
5.2.3.2 Increased Exploration Actives in Ultra-Deepwater and Artic Region
5.2.4 Challenges
5.2.4.1 High Operational Risks
5.2.4.2 Government Regulations for Offshore Activities in Key Regions
6 Offshore Support Vessel Market, By Type (Page No. - 47)
6.1 Introduction
6.2 Volume & Value Market Analysis
6.2.1 By Volume
6.2.2 By Value
6.3 Anchor Handling Tug Supply Vessel (AHTS)
6.3.1 By Volume
6.3.2 By Value
6.4 Platform Supply Vessel (PSV)
6.4.1 By Volume
6.4.2 By Value
6.5 Multipurpose Support Vessel (MPSV)
6.5.1 By Volume
6.5.2 By Value
6.6 Standby & Rescue Vessel
6.6.1 By Volume
6.6.2 By Value
6.7 Crew Vessel
6.7.1 By Volume
6.7.2 By Value
6.8 Seismic Vessel
6.8.1 By Volume
6.8.2 By Value
6.9 Chase Vessel
6.9.1 By Volume
6.9.2 By Value
6.1 Others
6.10.1 By Volume
6.10.2 By Value
7 Offshore Support Vessel, By Application (Page No. - 67)
7.1 Introduction
7.2 Shallow Water
7.3 Deepwater
8 Offshore Support Vessel, By End User (Page No. - 71)
8.1 Introduction
8.2 Oil & Gas
8.3 Offshore Wind
9 Offshore Support Vessel, By Region (Page No. - 76)
9.1 Introduction
9.2 Volume & Value Market Analysis
9.2.1 By Volume
9.2.2 By Value
9.3 Asia Pacific
9.3.1 By Vessel Type
9.3.1.1 By Volume
9.3.1.2 By Value
9.3.2 By Application
9.3.3 By End User
9.3.4 By Country
9.3.4.1 India
9.3.4.2 China
9.3.4.3 Thailand
9.3.4.4 Malaysia
9.3.4.5 Vietnam
9.3.4.6 Rest of Asia Pacific
9.4 North America
9.4.1 By Vessel Type
9.4.1.1 By Volume
9.4.1.2 By Value
9.4.2 By Application
9.4.3 By End User
9.4.4 By Country
9.4.4.1 US
9.4.4.2 Canada
9.4.4.3 Mexico
9.5 South America
9.5.1 By Vessel Type
9.5.1.1 By Volume
9.5.1.2 By Value
9.5.2 By Application
9.5.3 By End User
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.2 Venezuela
9.5.4.3 Rest of South America
9.6 Europe
9.6.1 By Vessel Type
9.6.1.1 By Volume
9.6.1.2 By Value
9.6.2 By Application
9.6.3 By End User
9.6.4 By Country
9.6.4.1 Norway
9.6.4.2 UK
9.6.4.3 Netherlands
9.6.4.4 Rest of Europe
9.7 Middle East
9.7.1 By Vessel Type
9.7.1.1 By Volume
9.7.1.2 By Value
9.7.2 By Application
9.7.3 By End User
9.7.4 By Country
9.7.4.1 Saudi Arabia
9.7.4.2 UAE
9.7.4.3 Qatar
9.7.4.4 Rest of the Middle East
9.8 Africa
9.8.1 By Vessel Type
9.8.1.1 By Volume
9.8.1.2 By Value
9.8.2 By Application
9.8.3 By End User
9.8.4 By Country
9.8.4.1 Nigeria
9.8.4.2 Angola
9.8.4.3 Rest of Africa
10 Competitive Landscape (Page No. - 116)
10.1 Introduction
10.2 Ranking of Players and Industry Concentration, 2016
10.3 Competitive Scenario
10.3.1 New Product Developments
10.3.2 Investments & Expansions
10.3.3 Mergers & Acquisitions
10.3.4 Contracts & Agreements
10.3.5 Others (Partnerships/Collaborations/Joint Ventures)
11 Company Profiles (Page No. - 121)
11.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, Mnm View)*
11.2 Bourbon
11.3 Maersk
11.4 Seacor Marine
11.5 Tidewater
11.6 SIEM Offshore
11.7 Grupo CBO
11.8 Gulfmark
11.9 Havila
11.10 Solstad
11.11 Swire
11.12 Tayrona Offshore
11.13 Vroon Group
*Details on Business Overview, Products Offered, Recent Developments, Mnm View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 175)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing Rt: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (103 Tables)
Table 1 Global Offshore Support Vessel Industry Snapshot
Table 2 Major Offshore Projects & Contracts
Table 3 Cabotage Laws for Offshore Activities
Table 4 Supply Side: Offshore Vessel Market Size, By Type, 20162023 (Units)
Table 5 Demand Side: Offshore Vessel Market Size, By Type, 20162023 (Units)
Table 6 Market Size, By Type, 20162023 (USD Million)
Table 7 Supply Side: Anchor Handling Tug Supply Vessel (AHTS) Market Size, By Region, 20162023 (Units)
Table 8 Demand Side: Anchor Handling Tug Supply Vessel (AHTS) Market Size, By Region, 20162023 (Units)
Table 9 Anchor Handling Tug Supply Vessel: Market Size, By Region, 20162023 (USD Million)
Table 10 Supply Side: Platform Supply Vessel (PSV) Market Size, By Region, 20162023 (Units)
Table 11 Demand Side: Platform Supply Vessel (PSV) Market Size, By Region, 20162023 (Units)
Table 12 Platform Supply Vessel (PSV): Market Size, By Region, 20162023 (USD Million)
Table 13 Supply Side: Multipurpose Support Vessel (MPSV) Market Size, By Region, 20162023 (Units)
Table 14 Demand Side: Multipurpose Support Vessel (MPSV) Market Size, By Region, 20162023 (Units)
Table 15 Multipurpose Support Vessel (MPSV) Market: Market Size, By Region, 20162023 (USD Million)
Table 16 Supply Side: Standby & Rescue Vessel Market Size, By Region, 20162023 (Units)
Table 17 Demand Side: Standby & Rescue Vessel Market Size, By Region, 20162023 (Units)
Table 18 Standby & Rescue Vessel: Market Size, By Region, 20162023 (USD Million)
Table 19 Supply Side: Crew Vessel Market Size, By Region, 20162023 (Units)
Table 20 Demand Side: Crew Vessel Market Size, By Region, 20162023 (Units)
Table 21 Crew Vessel: Market Size, By Region, 20162023 (USD Million)
Table 22 Supply Side: Seismic Vessel Market Size, By Region, 20162023 (Units)
Table 23 Demand Side: Seismic Vessel Market Size, By Region, 20162023 (Units)
Table 24 Seismic Vessel: Market Size, By Region, 20162023 (USD Million)
Table 25 Supply Side: Chase Vessel Market Size, By Region, 20162023 (Units)
Table 26 Demand Side: Chase Vessel Market Size, By Region, 20162023 (Units)
Table 27 Chase Vessel: Market Size, By Region, 20162023 (USD Million)
Table 28 Supply Side: Market Size, By Region, 20162023 (Units)
Table 29 Demand Side: Market Size, By Region, 20162023 (Units)
Table 30 Others: Market Size, By Region, 20162023 (USD Million)
Table 31 Market Size, By Application, 20162023 (USD Million)
Table 32 Shallow Water: Market Size, By Region, 20162023 (USD Million)
Table 33 Deepwater: Market Size, By Region, 20162023 (USD Million)
Table 34 OSV Market Size, By End User, 20162023 (USD Million)
Table 35 Oil & Gas: Offshore Support Vessel Size, By Region, 20162023 (USD Million)
Table 36 Offshore Wind: Market Size, By Region, 20162023 (USD Million)
Table 37 Supply Side: Market Size, By Region, 20162023 (Units)
Table 38 Demand Side: Market Size, By Region, 20162023 (Units)
Table 39 Market Size, 20162023 (USD Million)
Table 40 Supply Side: Asia Pacific Market Size, By Type, 20162023 (Units)
Table 41 Demand Side: Asia Pacific Market Size, By Type, 20162023 (Units)
Table 42 Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 43 Asia Pacific: OSV Market Size, By Application, 20162023 (USD Million)
Table 44 Asia Pacific: Market Size, By End User, 20162023 (USD Million)
Table 45 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 46 India: Market Size, By End User, 20162023 (USD Million)
Table 47 China: Market Size, By End User, 20162023 (USD Million)
Table 48 Thailand: Market Size, By End User, 20162023 (USD Million)
Table 49 Malaysia: Market Size, By End User, 20162023 (USD Million)
Table 50 Vietnam: Market Size, By End User, 20162023 (USD Million)
Table 51 Rest of Asia Pacific: Market Size, By End User, 20162023 (USD Million)
Table 52 Supply Side: North America Market Size, By Type, 20162023 (Units)
Table 53 Demand Side: North America Market Size, By Type, 20162023 (Units)
Table 54 North America: Market Size, By Type, 20162023 (USD Million)
Table 55 North America: OSV Market Size, By Application, 20162023 (USD Million)
Table 56 North America: Market Size, By End User, 20162023 (USD Million)
Table 57 North America: Market Size, By Country, 20162023 (USD Million)
Table 58 US: Market Size, By End User, 20162023 (USD Million)
Table 59 Canada: Market Size, By End User, 20162023 (USD Million)
Table 60 Mexico: Market Size, By End User, 20162023 (USD Million)
Table 61 Supply Side: South America Market Size, By Type, 20162023 (Units)
Table 62 Demand Side: South America Market Size, By Type, 20162023 (Units)
Table 63 South America: OSV Market Size, By Type, 20162023 (USD Million)
Table 64 South America: Market Size, By Application, 20162023 (USD Million)
Table 65 South America: Market Size, By End User, 20162023 (USD Million)
Table 66 South America: Market Size, By Country, 20162023 (USD Million)
Table 67 Brazil: Market Size, By End User, 20162023 (USD Million)
Table 68 Venezuela: Market Size, By End User, 20162023 (USD Million)
Table 69 Rest of South America: Market Size, By End User, 20162023 (USD Million)
Table 70 Supply Side: Europe Market Size, By Type, 20162023 (Units)
Table 71 Demand Side: Europe Market Size, By Type, 20162023 (Units)
Table 72 Europe: Market Size, By Type, 20162023 (USD Million)
Table 73 Europe: Market Size, By Application, 20162023 (USD Million)
Table 74 Europe: Market Size, By End User, 20162023 (USD Million)
Table 75 South America: OSV Market Size, By Country, 20162023 (USD Million)
Table 76 Norway: Market Size, By End User, 20162023 (USD Million)
Table 77 UK: Market Size, By End User, 20162023 (USD Million)
Table 78 Netherlands: Market Size, By End User, 20162023 (USD Million)
Table 79 Rest of Europe: Market Size, By End User, 20162023 (USD Million)
Table 80 Supply Side: Middle East Market Size, By Type, 20162023 (Units)
Table 81 Demand Side: Middle East Market Size, By Type, 20162023 (Units)
Table 82 Middle East: Market Size, By Type, 20162023 (USD Million)
Table 83 Middle East: Market Size, By Application, 20162023 (USD Million)
Table 84 Middle East: Market Size, By End User, 20162023 (USD Million)
Table 85 Middle East: Market Size, By Country, 20162023 (USD Million)
Table 86 South Arabia: Market Size, By End User, 20162023 (USD Million)
Table 87 UAE: Market Size, By End User, 20162023 (USD Million)
Table 88 Qatar: Market Size, By End User, 20162023 (USD Million)
Table 89 Rest of the Middle East: Market Size, By End User, 20162023 (USD Million)
Table 90 Supply Side: Africa Market Size, By Type, 20162023 (Units)
Table 91 Demand Side: Africa Market Size, By Type, 20162023 (Units)
Table 92 Africa: Market Size, By Type, 20162023 (USD Million)
Table 93 Africa: Market Size, By Application, 20162023 (USD Million)
Table 94 Africa: Market Size, By End User, 20162023 (USD Million)
Table 95 Africa: Market Size, By Country, 20162023 (USD Million)
Table 96 Nigeria: Market Size, By End User, 20162023 (USD Million)
Table 97 Angola: Market Size, By End User, 20162023 (USD Million)
Table 98 Rest of Africa: Market Size, By End User, 20162023 (USD Million)
Table 99 New Product Developments, 20172018
Table 100 Investments & Expansions, 20152016
Table 101 Mergers & Acquisitions, 2016
Table 102 Contracts & Agreements, 2017
Table 103 Others (Partnerships/Collaborations/Joint Ventures), 20162018
List of Figures (43 Figures)
Figure 1 Markets Covered: OSV Market
Figure 2 Offshore Support Vessel: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia Pacific Dominated the Offshore Support Vessel Industry in 2017
Figure 8 Anchor Handling Tug Supply (AHTS) Segment is Expected to Dominate the OSV Market During the Forecast Period
Figure 9 Shallow Water Segment to Dominate the OSV Market During the Forecast Period
Figure 10 Oil & Gas End User Segment to Dominate the Offshore Support Vessel Industry During the Forecast Period
Figure 11 Robust Investments in the Offshore Oil & Gas and Renewable Sectors is Driving the Offshore Support Vessel Industry During the Forecast Period
Figure 12 China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 Offshore Wind Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Anchor Handling Tug Supply (AHTS) Segment is Expected to Dominate the Offshore Support Vessel Industry, During the Forecast Period
Figure 15 Shallow OSV Segment Held the Largest Market Share in 2017
Figure 16 Market Share (Value), By Application, 20182023
Figure 17 Offshore Support Vessels Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Europes Cumulative Installed Offshore Wind Capacity (20102017)
Figure 19 Cumulative Installed Capacity Share By Sea Basin (20102017)
Figure 20 Average Day Rates Per Supply Dead Weight Tonnage
Figure 21 West Texas Intermediate (Wti) Crude Oil Price, 20132017
Figure 22 Average Utilization Rate Per Supply Dwt
Figure 23 Platform Supply Vessel to Rigs Ratio
Figure 24 Anchor Handling Tug Supply Vessel (AHTS) is Estimated to Be the Largest Segment for the Offshore Support Vessel Industry, By Type, in 2018 (Value)
Figure 25 Shallow Water is Estimated to Be the Largest Segment for the OSV Market, 20182023
Figure 26 Oil & Gas Segment is Expected to Have the Largest Offshore Support Vessel Industry Share During the Forecast Period (Value)
Figure 27 North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Asia Pacific Was the Largest Market for Offshore Support Vessels, By Region, 2017 (Value)
Figure 29 Asia Pacific: Market Snapshot
Figure 30 US Accounted for the Largest Market Share in North America in 2017
Figure 31 Europe: Market Snapshot
Figure 32 Key Developments in the Offshore Support Vessel Industry, January 2014March 2018
Figure 33 Bourbon Led the Market for Offshore Support Vessels in 2016
Figure 34 Bourbon: Company Snapshot
Figure 35 Maersk: Company Snapshot
Figure 36 Seacor: Company Snapshot
Figure 37 Tidewater: Company Snapshot
Figure 38 SIEM: Company Snapshot
Figure 39 Grupo CBO: Company Snapshot
Figure 40 Gulfmark: Company Snapshot
Figure 41 Havila: Company Snapshot
Figure 42 Solstad: Company Snapshot
Figure 43 Swire: Company Snapshot
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Growth opportunities and latent adjacency in Offshore Support Vessel Market