Market Overview:
The global offshore support vessel services market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for offshore support vessels from the military, civil & commercial sectors across the globe. In terms of type, the financial services segment is expected to hold a major share of the global offshore support vessel services market during the forecast period. This can be attributed to factors such as rising expenditure on newbuilds and retrofits by oil & gas companies and operators in order to comply with stringent safety and environmental regulations across regions. In terms of application, civil & commercial applications are anticipated to account for a larger share of the global offshore support vessel services market during 2018-2030 owing higher spending on infrastructure development projects in emerging economies coupled with increasing exploration and production activities in mature markets such as North America.
Product Definition:
Offshore Support Vessel Services are services that are used to support offshore activities. This can include things like providing transportation to and from the offshore location, supplying goods and services to the workers on the platform, and assisting in any repairs or maintenance work that needs to be done. Offshore support vessels are an important part of the oil and gas production process, as they allow companies to safely and efficiently conduct their operations in a challenging environment.
Financial Services:
The global financial services market is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is increasing offshore business activities in various countries across the globe. Financial service includes payment systems, such as checks and electronic funds transfer, which are used to manage money or financial instruments between two parties. These services help businesses in managing cash flow and making payments easily without involving physical presence of the parties involved in a transaction.
Technical Services:
Technical services are the set of tools, techniques, and procedures that help to improve efficiency in a service offering. It can be used for any industry or business process.
Application Insights:
The military application segment held the largest share of over 60.0% in 2017. The growth can be attributed to the growing importance of offshore oil and gas exploration for national security purposes coupled with a government¢â‚¬â„¢s determination to protect its resources at any cost. In addition, it is also presumed that countries such as China, India and Japan are likely to have large offshore oil & gas discoveries which may drive demand for support vessels in near future.
Offshore support vessels are used by defense agencies or armed forces for logistics & operations supporting deepwater drilling activities across the globe owing to their ability to provide flexibility in deployment.
Regional Analysis:
Asia Pacific offshore support vessel services market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing offshore projects in countries such as China, India, Vietnam and Indonesia. For instance, there are currently around 34 ongoing oil & gas exploration projects in Indonesia with an investment worth USD X billion as of 2017. Such investments have led to a significant rise in the number of jobs onshore thus triggering the demand for FSO services among Indonesian employers.
The Middle East & Africa region accounted for over 18% share of global revenue in 2017 owing to rising government spending on infrastructure development along with increasing military expenditure by governments across Saudi Arabia and UAE has triggered growth within this regional market space.
Growth Factors:
- Increasing demand for offshore support vessels from the oil and gas industry to cater to the growing exploration and production activities in the offshore areas.
- Proliferation of new deepwater and ultra-deepwater drilling projects, which is expected to drive the demand for support vessels in coming years.
- Stringent safety regulations by regulatory authorities that mandate use of certified/approved vessels for certain operations in offshore areas are expected to fuel the growth of OSV market over next few years.
- Growing trend of outsourcing non-core functions by oil and gas companies is anticipated to create opportunities for OSV service providers over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Support Vessel Services Market Research Report
By Type
Financial Services, Technical Services, Inspections & Survey, Crew Management, Logistic & Cargo Management, Subsea Services, Others
By Application
Military, Civil & Commercial
By Companies
M3 Marine Group, Bourbon, Deltamarin, VroonOffshore Services, Pacific Radiance, Swire Pacific, Bumi Armada Berhad, Falcon Energy Group, Vallianz Holdings, OPS Group, Greatship (India), Tidewater, SolstadFarstad, Edison Chouest Offshore, GulfMark Offshore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Support Vessel Services Market Report Segments:
The global Offshore Support Vessel Services market is segmented on the basis of:
Types
Financial Services, Technical Services, Inspections & Survey, Crew Management, Logistic & Cargo Management, Subsea Services, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil & Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- M3 Marine Group
- Bourbon
- Deltamarin
- VroonOffshore Services
- Pacific Radiance
- Swire Pacific
- Bumi Armada Berhad
- Falcon Energy Group
- Vallianz Holdings
- OPS Group
- Greatship (India)
- Tidewater
- SolstadFarstad
- Edison Chouest Offshore
- GulfMark Offshore
Highlights of The Offshore Support Vessel Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Financial Services
- Technical Services
- Inspections & Survey
- Crew Management
- Logistic & Cargo Management
- Subsea Services
- Others
- By Application:
- Military
- Civil & Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Support Vessel Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Offshore Support Vessel Services (OSV) is a maritime industry term for providing support to vessels at sea. OSVs can provide a range of services including fuel, food, water and crew assistance.
Some of the major players in the offshore support vessel services market are M3 Marine Group, Bourbon, Deltamarin, VroonOffshore Services, Pacific Radiance, Swire Pacific, Bumi Armada Berhad, Falcon Energy Group, Vallianz Holdings, OPS Group, Greatship (India), Tidewater, SolstadFarstad, Edison Chouest Offshore, GulfMark Offshore.
The offshore support vessel services market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Support Vessel Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Offshore Support Vessel Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Support Vessel Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Offshore Support Vessel Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Offshore Support Vessel Services Market Size & Forecast, 2020-2028
4.5.1 Offshore Support Vessel Services Market Size and Y-o-Y Growth
4.5.2 Offshore Support Vessel Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Financial Services
5.2.2 Technical Services
5.2.3 Inspections & Survey
5.2.4 Crew Management
5.2.5 Logistic & Cargo Management
5.2.6 Subsea Services
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil & Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Support Vessel Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Offshore Support Vessel Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Financial Services
9.6.2 Technical Services
9.6.3 Inspections & Survey
9.6.4 Crew Management
9.6.5 Logistic & Cargo Management
9.6.6 Subsea Services
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil & Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Financial Services
10.6.2 Technical Services
10.6.3 Inspections & Survey
10.6.4 Crew Management
10.6.5 Logistic & Cargo Management
10.6.6 Subsea Services
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil & Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Financial Services
11.6.2 Technical Services
11.6.3 Inspections & Survey
11.6.4 Crew Management
11.6.5 Logistic & Cargo Management
11.6.6 Subsea Services
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil & Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Financial Services
12.6.2 Technical Services
12.6.3 Inspections & Survey
12.6.4 Crew Management
12.6.5 Logistic & Cargo Management
12.6.6 Subsea Services
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil & Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Financial Services
13.6.2 Technical Services
13.6.3 Inspections & Survey
13.6.4 Crew Management
13.6.5 Logistic & Cargo Management
13.6.6 Subsea Services
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil & Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Offshore Support Vessel Services Market: Competitive Dashboard
14.2 Global Offshore Support Vessel Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 M3 Marine Group
14.3.2 Bourbon
14.3.3 Deltamarin
14.3.4 VroonOffshore Services
14.3.5 Pacific Radiance
14.3.6 Swire Pacific
14.3.7 Bumi Armada Berhad
14.3.8 Falcon Energy Group
14.3.9 Vallianz Holdings
14.3.10 OPS Group
14.3.11 Greatship (India)
14.3.12 Tidewater
14.3.13 SolstadFarstad
14.3.14 Edison Chouest Offshore
14.3.15 GulfMark Offshore
