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Offshore Supply Vessel Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 140
  • SKU: IRTNTR44908
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The offshore supply vessel market share is expected to increase by USD 5.14 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.11%.

This offshore supply vessel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers offshore supply vessel market segmentation by type (AHTS, PSV, FSIC, MPSV, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The offshore supply vessel market report also offers information on several market vendors, including AP Moller Maersk AS, Bass Marine Pty Ltd., BOURBON Corp., COSL Drilling Europe AS, DP World, Edison Chouest Offshore Co., Harren Shipping Services GmbH and Co KG, Harvey Gulf International Marine LLC, Havila Shipping ASA, Hornbeck Offshore Services Inc., Island Offshore Management AS, SEACOR Marine Holdings Inc., Siem Offshore Inc., Solstad Offshore ASA, Tidewater Inc., Van Aalst Group, Vroon BV, Whitesea Shipping, and Supply LLC FZC, and Qatar Navigation QPSC among others.

What will the Offshore Supply Vessel Market Size be During the Forecast Period?

Offshore Supply Vessel Market Size

Download Report Sample to Unlock the Offshore Supply Vessel Market Size for the Forecast Period and Other Important Statistics

 

Offshore Supply Vessel Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and after post COVID-19 era. The rapidly increasing demand for offshore supply vessels used in E&P and well development is notably driving the offshore supply vessel market growth, although factors such as space constraints and legal inconsistencies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the offshore supply vessel industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Offshore Supply Vessel Market Driver

The rapidly increasing demand for offshore supply vessels used in E&P and well development is one of the major drivers impacting the offshore supply vessel market growth. AHTS vessels and PSVs constitute almost 90% of the fleets of offshore supply vessels. These ships are mostly used for active offshore rigs that produce oil and gas. As the global offshore supply vessel market is characterized by large overcapacity, the count of AHTS vessels and PSVs far exceeds the global demand for offshore supply vessels. Thus, an increase in global offshore production activities is unlikely to cause a commensurate rise in the demand for AHTS vessels and PSVs. Most of the demand for new AHTS vessels and PSVs will be limited to replacement demand as the existing fleets approach the end of their lifecycles. However, the demand for offshore supply vessels used during the initial phases of E&P, such as seismic surveys, well development or construction, and dive support, is expected to increase significantly. This is because the sustained increase in the demand for oil and gas and the declining cost of offshore E&P activities are driving investments in the exploration and development of new offshore wells. Offshore research vessels, seismic research supply vessels, and construction supply vessels are examples of a few offshore supply vessels used in exploration and well development.

Key Offshore Supply Vessel Market Trend

A drop in CAPEX and deepwater activities is one of the major trends influencing the offshore supply vessel market growth. The oil fields are depleting across the world. Also, there has been a decrease in shallow-water reserves in OPEC countries. Oil and gas companies are under pressure to invest in the exploration of new oil fields or undeveloped fields in deeper and more remote waters. These activities are supported by OSVs services. However, the oil price drop of 2015-2017 forced companies to lower their E&P expenditures. As a result, firms are reducing deepwater activities. The global oil and gas CAPEX remained stagnant in 2017 after witnessing a 20% year-over-year drop in 2016 and a 15% year-over-year drop in 2015. However, the CAPEX of major international oil companies (IOCs) for 2018 is expected to grow by about 6%-7%. It is expected that offshore activity will continue to be slow if oil prices remain below $60 per barrel for a longer duration. Throughout 2018, the oil prices will fluctuate around $70/barrel. The deepwater activities will continue to be slow till the time global oil prices reach about $70/barrel. 

Key Offshore Supply Vessel Market Challenge

Space constraints and legal inconsistencies are one of the major challenges impeding the offshore supply vessel market growth.  The Ballast Water Management Convention is directed at preventing the spread of harmful aquatic organisms across regions by establishing standards and procedures for the management and control of ships' ballast water and sediments. The main challenge is the lack of available space in OSVs to fit the BWMS. While the existing engine rooms are closely packed, BWMS needs substantial floor space. Also, the major challenge for compliance is the lack of standardization among the different parties to the convention. Various jurisdictions impose different ballast water requirements, which creates legal uncertainties. The US, India, and China are among the list of jurisdictions; these economies have officially accepted the convention but have not implemented it as their national law. A supply vessel's service operational area varies as per the project. Therefore, for some projects, vessels need to operate in international waters, which leads to the need for treating water; otherwise, it may endanger aquatic life forms.

This offshore supply vessel market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global offshore supply vessel market as a part of the global oil and gas storage and transportation market within the global oil and gas market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the offshore supply vessel market during the forecast period.

Who are the Major Offshore Supply Vessel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AP Moller Maersk AS
  • Bass Marine Pty Ltd.
  • BOURBON Corp.
  • COSL Drilling Europe AS
  • DP World
  • Edison Chouest Offshore Co.
  • Harren Shipping Services GmbH and Co KG
  • Harvey Gulf International Marine LLC
  • Havila Shipping ASA
  • Hornbeck Offshore Services Inc.
  • Island Offshore Management AS
  • SEACOR Marine Holdings Inc.
  • Siem Offshore Inc.
  • Solstad Offshore ASA
  • Tidewater Inc.
  • Van Aalst Group
  • Vroon BV
  • Whitesea Shipping and Supply LLC FZC
  • Qatar Navigation QPSC

 

This statistical study of the offshore supply vessel market encompasses successful business strategies deployed by the key vendors. The offshore supply vessel market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The offshore supply vessel market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Offshore Supply Vessel Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the offshore supply vessel market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Offshore Supply Vessel Market?

Offshore Supply Vessel Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from APAC during the forecast period. China and Russia are the key markets for the offshore supply vessel market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth is driven by the increase in offshore activities in Asia will facilitate the offshore supply vessel market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic hurt the offshore supply vessel market in the region. The governments of various countries, such as China, India, and Japan, imposed COVID-19-related restrictions and nationwide shutdowns to limit the spread of the disease. This resulted in the closure of many oil and gas refineries. As a result, several offshore oil drilling projects were delayed or postponed indefinitely. 

What are the Revenue-generating Type Segments in the Offshore Supply Vessel Market?

Offshore Supply Vessel Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The offshore supply vessel market share growth by the AHTS segment will be significant during the forecast period. The COVID-19 pandemic had a significant impact on the offshore supply vessel market. Travel restrictions imposed by governments around the world have created considerable hurdles in transporting supplies to the rigs and oil platforms. This has led to a growing concern related to the shipping of supplies, including fuel, freshwater, equipment, consumables, and provisions for the operation of oil platforms and onboard personnel. Such factors are expected to hurt market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the offshore supply vessel market size and actionable market insights on post COVID-19 impact on each segment.

 

Offshore Supply Vessel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.11%

Market growth 2022-2026

$ 5.14 billion

Market structure

Fragmented

YoY growth (%)

3.56

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key consumer countries

US, Saudi Arabia, China, Russia, and Norway

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AP Moller Maersk AS, Bass Marine Pty Ltd., BOURBON Corp., COSL Drilling Europe AS, DP World, Edison Chouest Offshore Co., Harren Shipping Services GmbH and Co KG, Harvey Gulf International Marine LLC, Havila Shipping ASA, Hornbeck Offshore Services Inc., Island Offshore Management AS, SEACOR Marine Holdings Inc., Siem Offshore Inc., Solstad Offshore ASA, Tidewater Inc., Van Aalst Group, Vroon BV, Whitesea Shipping and Supply LLC FZC, and Qatar Navigation QPSC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Offshore Supply Vessel Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive offshore supply vessel market growth during the next five years
  • Precise estimation of the offshore supply vessel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the offshore supply vessel industry across APAC, Europe, North America, Middle East, and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of offshore supply vessel market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 AHTS - Market size and forecast 2021-2026
      • Exhibit 28: Chart on AHTS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on AHTS - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on AHTS - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on AHTS - Year-over-year growth 2021-2026 (%)
    • 5.4 PSV - Market size and forecast 2021-2026
      • Exhibit 32: Chart on PSV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on PSV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on PSV - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on PSV - Year-over-year growth 2021-2026 (%)
    • 5.5 FSIV - Market size and forecast 2021-2026
      • Exhibit 36: Chart on FSIV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on FSIV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on FSIV - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on FSIV - Year-over-year growth 2021-2026 (%)
    • 5.6 MPSV - Market size and forecast 2021-2026
      • Exhibit 40: Chart on MPSV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on MPSV - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on MPSV - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on MPSV - Year-over-year growth 2021-2026 (%)
    • 5.7 others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 48: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Russia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.12 Norway - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Norway - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Norway - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Norway - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 AP Moller Maersk AS
              • Exhibit 101: AP Moller Maersk AS - Overview
              • Exhibit 102: AP Moller Maersk AS - Business segments
              • Exhibit 103: AP Moller Maersk AS - Key offerings
              • Exhibit 104: AP Moller Maersk AS - Segment focus
            • 10.4 Bass Marine Pty Ltd.
              • Exhibit 105: Bass Marine Pty Ltd. - Overview
              • Exhibit 106: Bass Marine Pty Ltd. - Product / Service
              • Exhibit 107: Bass Marine Pty Ltd. - Key offerings
            • 10.5 BOURBON Corp.
              • Exhibit 108: BOURBON Corp. - Overview
              • Exhibit 109: BOURBON Corp. - Business segments
              • Exhibit 110: BOURBON Corp. - Key offerings
              • Exhibit 111: BOURBON Corp. - Segment focus
            • 10.6 Edison Chouest Offshore Co.
              • Exhibit 112: Edison Chouest Offshore Co. - Overview
              • Exhibit 113: Edison Chouest Offshore Co. - Product / Service
              • Exhibit 114: Edison Chouest Offshore Co. - Key offerings
            • 10.7 Harvey Gulf International Marine LLC
              • Exhibit 115: Harvey Gulf International Marine LLC - Overview
              • Exhibit 116: Harvey Gulf International Marine LLC - Product / Service
              • Exhibit 117: Harvey Gulf International Marine LLC - Key offerings
            • 10.8 Hornbeck Offshore Services Inc.
              • Exhibit 118: Hornbeck Offshore Services Inc. - Overview
              • Exhibit 119: Hornbeck Offshore Services Inc. - Product / Service
              • Exhibit 120: Hornbeck Offshore Services Inc. - Key offerings
            • 10.9 Island Offshore Management AS
              • Exhibit 121: Island Offshore Management AS - Overview
              • Exhibit 122: Island Offshore Management AS - Product / Service
              • Exhibit 123: Island Offshore Management AS - Key offerings
            • 10.10 Qatar Navigation QPSC
              • Exhibit 124: Qatar Navigation QPSC - Overview
              • Exhibit 125: Qatar Navigation QPSC - Key offerings
            • 10.11 SEACOR Marine Holdings Inc.
              • Exhibit 126: SEACOR Marine Holdings Inc. - Overview
              • Exhibit 127: SEACOR Marine Holdings Inc. - Business segments
              • Exhibit 128: SEACOR Marine Holdings Inc. - Key offerings
              • Exhibit 129: SEACOR Marine Holdings Inc. - Segment focus
            • 10.12 Tidewater Inc.
              • Exhibit 130: Tidewater Inc. - Overview
              • Exhibit 131: Tidewater Inc. - Business segments
              • Exhibit 132: Tidewater Inc. - Key offerings
              • Exhibit 133: Tidewater Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Offshore Supply Vessel market growth will increase by $5149.96 million during 2022-2026.
              The offshore supply vessel market is expected to grow at a CAGR of 4.11% during 2022-2026.
              Technavio has segmented the offshore supply vessel market by type (AHTS, PSV, FSIV, MPSV, and Others) and geographic (APAC, Europe, North America, Middle East and Africa, and South America).
              AP Moller Maersk AS, Bass Marine Pty Ltd., BOURBON Corp., COSL Drilling Europe AS, DP World, Edison Chouest Offshore Co., Harren Shipping Services GmbH and Co KG, Harvey Gulf International Marine LLC, Havila Shipping ASA, Hornbeck Offshore Services Inc., Island Offshore Management AS, SEACOR Marine Holdings Inc., Siem Offshore Inc., Solstad Offshore ASA, Tidewater Inc., Van Aalst Group, Vroon BV, Whitesea Shipping and Supply LLC FZC, Qatar Navigation QPSC are a few of the key vendors in the offshore supply vessel market.
              APAC will register the highest growth rate of 39.88% among the other regions. Therefore, the offshore supply vessel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Saudi Arabia
              • China
              • Russia
              • Norway
              The key factors driving the offshore supply vessel market growth are:
              • Growing demand for oil and its byproducts
              • Increasing demand for high-capacity and LNG-fueled OSVs
              The offshore supply vessel market vendors should focus on grabbing business opportunities from the ahts segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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