Offshore Support Vessel Market by Application, Product, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 174
  • SKU: IRTNTR72777

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Offshore Support Vessel market growth will increase by $525.58 million during 2023-2027.
The offshore support vessel market is expected to grow at a CAGR of 5.41% during 2023-2027.
Technavio has segmented the offshore support vessel market by application (Oil, gas, Offshore wind, FSIV, and Others) ,product (AHTS, PSV, MPSV, FSIV, and Others) , and geography (North America, Europe, APAC, Middle East and Africa, and South America).
AP Moller Maersk AS, BOURBON Corp, China National Offshore Oil Corp., COSCO Shipping Co. Ltd., Damen Shipyards Group, DP World, Eastern Shipbuilding Group Inc., Edison Chouest Offshore Co., Fincantieri Spa, Harvey Gulf International Marine LLC, Hornbeck Offshore Services Inc., John Swire and Sons Ltd., Kawasaki Kisen Kaisha Ltd., Nam Cheong Ltd., Reliance Naval and Engineering Ltd., Siem Offshore Inc., Singapore Technologies Engineering Ltd., Solstad Offshore ASA, Tidewater Inc., Zamil Offshore Services Co. are a few of the key vendors in the offshore support vessel market.
North America will register the highest growth rate of 53.2% among the other regions. Therefore, the offshore support vessel market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • United Arab Emirates
  • China
  • Germany
The key factors driving the offshore support vessel market growth are:
  • Rise in global demand for oil and natural gas
  • Reduction in cost of offshore E and P activities
The offshore support vessel market vendors should focus on grabbing business opportunities from the Oil segment as it accounted for the largest market share in the base year.
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