Global Anchor Handling Tug Supply Vessels Market 2016-2020

This industry research report presents a detailed segmentation of the global anchor handling tug supply vessels market by age of vessel (<20 years, 21-25 years, 26-30 years, 31-35 years, 36-39 years, and > 40 years), by type of engine (< 5000 HP, 5000-9999 HP, and >10,000 HP), and by geography (the Americas, APAC, and EMEA). Leading vendors in the market are BOURBON, Farstad Shipping, Havila Shipping, SEACOR Holdings, Swire Pacific Offshore Operations, and Tidewater.

Outlook of the anchor handling tug supply (AHTS) vessels market

Anchor handling tug supply (AHTS) vessels are specially designed to handle anchors for oil rigs, tow ships to location, anchor ships and oil rigs, and serve as an emergency response and rescue vessel. The increasing number of offshore oil rigs is one of the primary factors driving the growth of this market globally. Oil rigs are offshore oil platforms that facilitate the drilling of wells for exploration and production activities. The increasing drilling of offshore oil and gas reserves will lead to a rise in the number of AHTS vessels. Moreover, the maturing onshore oil reserves in the North Sea and the Gulf of Mexico will also result in an augmented demand for AHTS vessels. Technavio’s market research analysts have estimated the global AHTS vessels market to grow at an impressive CAGR of close to 14% until the end of 2020.

One of the emerging factors spurring the growth prospects for this market is the increasing adoption of LNG-fueled vessels. Since LNG is cost-effective, the market is showing a trend of using LNG-fueled AHTS vessels instead of diesel-fueled ships. LNG is a low-pressure gas and is well suited for AHTS vessels. The LNG-fueled AHTS vessels are also likely to reduce the costs involved in the operation of AHTS, thereby propelling this market’s growth in the coming years.

Segmentation by type of engine and analysis of the AHTS vessels market

• <5,000 HP
• 5,000 - 9,999 HP
• > 10,000 HP

During 2015, the AHTS vessels with engine power between 5000 and 9,999 HP dominated the market and accounted for more than 48% of the market share. The renewal of the jack-up fleet is expected to continue in this period, and floating production units are likely to enter service. The increasing use of these vessels will lead to this segment’s growth during the forecast period.

Geographical segmentation and analysis of the AHTS vessels market

• Americas
• APAC
• EMEA

In terms of geography, the APAC region dominated the market and is expected to reach 2,060 units by 2020. Factors such as the higher offshore CAPEX, increasing number of oil rigs, and new oil platform installation projects will contribute to the growth of this market in the region. Moreover, factors like the increasing offshore activities in India and China will also aid in this market’s growth until the end of 2020.

Competitive landscape and key vendors

The global AHTS vessels market is highly competitive due to the presence of several well-established vendors. The market is characterized by its capital-intensive nature, which requires vessels to adopt hi-tech technologies. The major challenges in this market are the expenses incurred for the maintenance of vessels and the depreciation in the value of sea vessels.

Key vendors in this market are -

• BOURBON
• Farstad Shipping
• Havila Shipping
• SEACOR Holdings
• Swire Pacific Offshore Operations
• Tidewater

Other prominent vendors in the market are Bass Marine, China Oilfield Services, Deep Sea Supply, Eastern Shipbuilding, EMAS Offshore, Halul Offshore Services, Harvey Gulf International Marine, Hornbeck Offshore, Intermarine, Island Offshore Management, Maersk Supply Service, OTTO Marine, Odyssea Marine, Pacific Richfield Marine, Rem Maritime, Remontowa, Rolls Royce, The Sanko Steamship, Siem Offshore, Simon Møkster Shipping, SINOPACIFIC Shipbuilding Group, Solstad Offshore, Topaz Energy and Marine, Vroon Group, Whitesea Shipping and Supply, Zakher Marine International, and Zamil Offshore.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global AHTS market?
• What are the key market trends impacting the growth of the global AHTS market?
• What are the challenges to market growth for AHTS vessels?
• Who are the key vendors in the global AHTS market?
• What are the market opportunities and threats faced by the vendors in the global AHTS market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global AHTS market?

Technavio also offers customization on reports based on specific client requirement.

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