Offshore support vessels transport goods, supplies, and major equipment during exploration and production of offshore mineral resources. These vessels are operated by ship owners and are utilized to locate oil & gas bearing areas, towing rigs, and platforms, and positioning them. These vessels are also deployed in subsea operations such as inspection, diving support, and maintenance. Moreover, other facilities provided include transportation, standby capacity, anchor management, and platform support. It also enables in moving the crew members to offshore sites.
This report projects the trends and opportunities of the global offshore support vessel market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
Rise in offshore exploration and production activities drive the offshore support vessel market. Moreover, increase in capital expenditure on offshore oil exploration further leads to offshore developments. The market is projected to grow at a higher rate during the analysis period owing to the rise in demand for oil & gas. However, high replacement and maintenance cost of these vessels hamper the market growth. In addition, lack of technical professionals in the offshore industry also restricts the growth.
The global offshore support vessel market is segmented based on type, depth, and geography. On the basis of type, it is divided into anchor handling tug supply, platform supply vessel, multipurpose support vessel, standby & rescue vessel, crew vessel, chase vessel, and seismic vessel. On the basis of depth, the market can be bifurcated into shallow water and deep water. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector include Rem Maritime As, Bass Marine Pty Ltd., Harvey Gulf, Island Offshore Management, Havila Shipping ASA, and Intermarine LLC, Grupo Coremar S.A., Delta Logistics Limited, Deep Sea Supply PLC, Bumi Armada Berhad, Topaz Energy, and Marine Limited.
Major countries in each region are studied as per the key trends developments, and presence of industry players in the market.
Key players of the market are also listed.