Offshore Support Vessel Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

Published: Oct 2023 Pages: 174 SKU: IRTNTR72777

Offshore Support Vessel Market Forecast 2023-2027

The Offshore Support Vessel Market size is forecast to increase by USD 525.58 million at a CAGR of 5.41% between 2022 and 2027. Market growth hinges on several factors, notably the escalating global demand for oil and natural gas, driving investments in exploration and production (E&P) activities. With the rise in deep-water and ultra-deep-water E&P ventures, companies are tapping into previously untapped reserves, bolstering supply chains, and expanding production capabilities. Additionally, the surge in oil and gas exploration activities reflects the industry's efforts to meet growing energy needs while leveraging advanced technologies for resource extraction. These trends underscore the sector's resilience and adaptability, positioning it for sustained growth amidst fluctuating market dynamics. As the quest for energy security continues, the oil and gas market remains a key driver of global economic development, shaping the future of energy production and consumption worldwide.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by application (oil and gas and offshore wind), product (AHTS, PSV, MPSV, FSIV, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Dynamics and Customer Landscape

In the market, drivers include the rise in deepwater activities and offshore oil and gas production processes. Trends indicate a shift towards renewables like offshore wind farms, impacting traditional oil and gas companies. Challenges include pricing pressures due to overcapacity and fluctuations in carbon emissions regulations. Companies like Hermitage Offshore Services face challenges in maintaining profitability amidst rising operating costs and decommissioning efforts. Adapting to logistical demands and equipping vessels for diverse tasks remain crucial amid evolving offshore platforms and wind turbine installations. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the rise in global demand for oil and natural gas. The global demand for oil and natural gas is increasing steadily owing to improvements in global economic growth. For instance, according to the EIA, global oil consumption is projected to reach 104.1 mb/d by 2026. This will represent an increase of 4.4 mb/d from 2019 levels. According to the IEA, the demand for oil will continue to grow till 2040, and the use of natural gas will rise by 45% by the same year, with high scope for expansion in the power sector.

Though the costs involved in the production of oil and gas from offshore locations are higher than those of onshore locations, the proven reserves in offshore wells are far higher when compared to onshore wells. These vast reserves are expected to attract upstream companies to exploit and produce oil and gas. In addition, with the rise in fuel consumption from developing economies such as China and India, the demand for natural gas is expected to grow significantly during the forecast period.

Significant Market Trends

Reduction in cost of offshore E&P activities is one of the key market trends that is expected to impact the industry positively. The global price of crude oil has been gradually increasing and is expected to average USD 74/bbl in 2022. Though this increase is not yet significant enough to revive investments in global offshore drilling projects to pre-2020 levels, it is sufficient to cause a moderate increase in the global count of active offshore rigs. The biggest factor that bodes well for offshore E&P activities and the demand for new technological and managerial initiatives taken by oil E&P companies that have decreased the cost of offshore exploration, drilling, and production.

For instance, Shell's Vito, a deep-water development project in the US Gulf of Mexico, has a break-even price of less than USD 35 per barrel. This was achieved by reducing the cost of production by almost 70%. Thus, offshore rig operators have started to operate wells that were previously not commercially viable. This is expected to lessen the impact of onshore fracturing activities on global offshore E&P activities. As a result, investments in offshore projects can be taken with more certainty. This trend is likely to positively impact the demand during the forecast period.

Major Market Challenge

One of the key challenges to market growth is the environmental concerns associated with offshore E&P activities. Factors such as, owing to the pollution of air and water by the accidental release of toxic chemicals and global warming due to large emissions of greenhouse gases such as methane. In addition, in offshore drilling, produced water accounts for about one-fifth of the waste generated during the process. Offshore exploration activities also involve the firing of air guns, which send a strong shock across the seabed and can damage the hearing ability of marine animals.

Moreover, fracking also produces large amounts of wastewater that contains dissolved chemicals and contaminants. The global warming potential of methane is far higher than that of carbon dioxide. There is uncertainty about the amount of methane that is released into the atmosphere during the fracking process, and it cannot be captured. Such factors are expected to limit the growth of the market in the forecast period.

Customer Landscape

The report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AP Moller Maersk AS: The company has an offshore support vessel, vega, which includes carrying and transporting large quantities of cargo. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • 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.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

In the realm of offshore support vessels, market segmentation is crucial to meet the diverse needs of the industry. With a focus on deepwater activities and offshore oil production processes, specialized OSVs play a pivotal role in supporting exploration and extraction operations. As decommissioning becomes increasingly important, companies require OSVs equipped for efficient and safe asset removal. With a growing emphasis on renewables and reducing carbon emissions, OSVs supporting offshore wind farms are in high demand. However, challenges like overcapacity and pricing pressures affect profitability for OSV operators serving oil and gas companies. Innovations in logistics and equipment are essential to adapt to evolving demands in offshore oil and gas platforms and offshore wind turbines, ensuring the efficiency and effectiveness of OSV operations in this dynamic market.

The market share growth by the oil and gas segment will be significant during the forecast period. The demand in the oil and gas segment is expected to increase during the forecast period. This is primarily because of the rising demand for oil and gas E&P projects. 

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The oil and gas segment was valued at USD 964.90 million in 2017 and continued to grow until 2021This segment growth is due to the shift of the oil and gas business from land-based activities to locations such as deep water areas, away from end-users. The growing demand for liquid fuels is attributed to increasing demand from developing countries in Asia, such as China and India. For example, Oil and Natural Gas Corporation (ONGC) Ltd. in India in February 2023 will invest approximately USD 2 billion over the next two to three years to conduct offshore exploration in 103 wells.

Production from the onshore oil and gas segment has increased owing to growing investments in unconventional exploration and production activities. For instance, the capital expenditure in the oil and gas industry in the US increased from USD 131.9 billion in 2018 to USD 144.1 billion in 2021. Therefore, the increase in fuel demand and a rise in offshore E and P activities are expected to drive the growth of the global market in this segment during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 53% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America dominated the focused regional market in 2022. It is expected to maintain its dominance during the forecast period. The region's shale revolution has caused oil prices to plummet, but a modest rise has led the region to resume deepwater and ultra-deepwater oil and gas projects in the Gulf of Mexico. This could encourage the chartering of offshore supply vessels in the region.  

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Oil and gas
    • Offshore wind
  • Product Outlook
    • AHTS
    • PSV
    • MPSV
    • FSIV
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview 

In the dynamic Offshore Support Vessels (OSVs) market, a wide array of vessels cater to diverse needs within the oil and gas sector and offshore wind projects. From crew vessels facilitating personnel transport to standby and rescue vessels ensuring safety, each vessel type serves a specific function in supporting offshore operations. Seismic vessels conduct crucial surveys while diving support vessels enable underwater maintenance. Innovations like remotely operated vessels and subsea intervention systems enhance efficiency and safety. With the rise of renewable oil and gas sources, OSVs also support offshore structures for these projects. Major players like Swire Pacific Offshore drive advancements in subsea equipment and remotely operated vehicles, ensuring operational excellence in decommissioning work and offshore drilling rigs maintenance. As the industry expands with new contracts and expansions, OSVs remain indispensable for offshore operations worldwide.

Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.41%

Market growth 2023-2027

USD 525.58 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.08

Regional analysis

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

Performing market contribution

North America at 53%

Key countries

US, Canada, United Arab Emirates, China, and Germany

Competitive landscape

Leading companies, market positioning of companies, competitive strategies, and industry risks

Key companies profiled

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., and Zamil Offshore Services Co.

Market dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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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 Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global offshore support vessel market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global offshore support vessel market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Oil and gas - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
    • 6.4 Offshore wind - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Offshore wind - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Offshore wind - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Offshore wind - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Offshore wind - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 AHTS - Market size and forecast 2022-2027
      • Exhibit 48: Chart on AHTS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on AHTS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on AHTS - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on AHTS - Year-over-year growth 2022-2027 (%)
    • 7.4 PSV - Market size and forecast 2022-2027
      • Exhibit 52: Chart on PSV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on PSV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on PSV - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on PSV - Year-over-year growth 2022-2027 (%)
    • 7.5 MPSV - Market size and forecast 2022-2027
      • Exhibit 56: Chart on MPSV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on MPSV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on MPSV - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on MPSV - Year-over-year growth 2022-2027 (%)
    • 7.6 FSIV - Market size and forecast 2022-2027
      • Exhibit 60: Chart on FSIV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on FSIV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on FSIV - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on FSIV - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Product
      • Exhibit 68: Market opportunity by Product ($ million)
      • Exhibit 69: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 United Arab Emirates - Market size and forecast 2022-2027
      • Exhibit 111: Chart on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on United Arab Emirates - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on United Arab Emirates - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AP Moller Maersk AS
              • Exhibit 123: AP Moller Maersk AS - Overview
              • Exhibit 124: AP Moller Maersk AS - Business segments
              • Exhibit 125: AP Moller Maersk AS - Key news
              • Exhibit 126: AP Moller Maersk AS - Key offerings
              • Exhibit 127: AP Moller Maersk AS - Segment focus
            • 12.4 BOURBON Corp
              • Exhibit 128: BOURBON Corp - Overview
              • Exhibit 129: BOURBON Corp - Business segments
              • Exhibit 130: BOURBON Corp - Key offerings
              • Exhibit 131: BOURBON Corp - Segment focus
            • 12.5 China National Offshore Oil Corp.
              • Exhibit 132: China National Offshore Oil Corp. - Overview
              • Exhibit 133: China National Offshore Oil Corp. - Business segments
              • Exhibit 134: China National Offshore Oil Corp. - Key offerings
              • Exhibit 135: China National Offshore Oil Corp. - Segment focus
            • 12.6 COSCO Shipping Co. Ltd.
              • Exhibit 136: COSCO Shipping Co. Ltd. - Overview
              • Exhibit 137: COSCO Shipping Co. Ltd. - Product / Service
              • Exhibit 138: COSCO Shipping Co. Ltd. - Key offerings
            • 12.7 Damen Shipyards Group
              • Exhibit 139: Damen Shipyards Group - Overview
              • Exhibit 140: Damen Shipyards Group - Product / Service
              • Exhibit 141: Damen Shipyards Group - Key news
              • Exhibit 142: Damen Shipyards Group - Key offerings
            • 12.8 DP World
              • Exhibit 143: DP World - Overview
              • Exhibit 144: DP World - Business segments
              • Exhibit 145: DP World - Key news
              • Exhibit 146: DP World - Key offerings
              • Exhibit 147: DP World - Segment focus
            • 12.9 Edison Chouest Offshore Co.
              • Exhibit 148: Edison Chouest Offshore Co. - Overview
              • Exhibit 149: Edison Chouest Offshore Co. - Product / Service
              • Exhibit 150: Edison Chouest Offshore Co. - Key offerings
            • 12.10 Fincantieri Spa
              • Exhibit 151: Fincantieri Spa - Overview
              • Exhibit 152: Fincantieri Spa - Business segments
              • Exhibit 153: Fincantieri Spa - Key offerings
              • Exhibit 154: Fincantieri Spa - Segment focus
            • 12.11 Harvey Gulf International Marine LLC
              • Exhibit 155: Harvey Gulf International Marine LLC - Overview
              • Exhibit 156: Harvey Gulf International Marine LLC - Product / Service
              • Exhibit 157: Harvey Gulf International Marine LLC - Key offerings
            • 12.12 John Swire and Sons Ltd.
              • Exhibit 158: John Swire and Sons Ltd. - Overview
              • Exhibit 159: John Swire and Sons Ltd. - Business segments
              • Exhibit 160: John Swire and Sons Ltd. - Key offerings
              • Exhibit 161: John Swire and Sons Ltd. - Segment focus
            • 12.13 Nam Cheong Ltd.
              • Exhibit 162: Nam Cheong Ltd. - Overview
              • Exhibit 163: Nam Cheong Ltd. - Product / Service
              • Exhibit 164: Nam Cheong Ltd. - Key offerings
            • 12.14 Siem Offshore Inc.
              • Exhibit 165: Siem Offshore Inc. - Overview
              • Exhibit 166: Siem Offshore Inc. - Business segments
              • Exhibit 167: Siem Offshore Inc. - Key offerings
              • Exhibit 168: Siem Offshore Inc. - Segment focus
            • 12.15 Singapore Technologies Engineering Ltd.
              • Exhibit 169: Singapore Technologies Engineering Ltd. - Overview
              • Exhibit 170: Singapore Technologies Engineering Ltd. - Business segments
              • Exhibit 171: Singapore Technologies Engineering Ltd. - Key offerings
              • Exhibit 172: Singapore Technologies Engineering Ltd. - Segment focus
            • 12.16 Tidewater Inc.
              • Exhibit 173: Tidewater Inc. - Overview
              • Exhibit 174: Tidewater Inc. - Business segments
              • Exhibit 175: Tidewater Inc. - Key offerings
              • Exhibit 176: Tidewater Inc. - Segment focus
            • 12.17 Zamil Offshore Services Co.
              • Exhibit 177: Zamil Offshore Services Co. - Overview
              • Exhibit 178: Zamil Offshore Services Co. - Product / Service
              • Exhibit 179: Zamil Offshore Services Co. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
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              offshore support vessel market

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              • What are the key global market and the regional market share?
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              • 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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