Market Overview:
The global offshore support vessels (OSV) market is expected to grow from USD 9.5 billion in 2018 to USD 16.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global offshore support vessels (OSV) market can be attributed to the increase in demand for oil & gas and submarine communications across the globe. Based on type, the platform supply vessels segment is projected to lead the global offshore support vessels (OSV) market during the forecast period. The growth of this segment can be attributed to an increase in drilling activities for extracting hydrocarbons from deepwater and ultra-deepwater reservoirs across various regions worldwide.
 Industry Outlook.svg)
Product Definition:
An offshore support vessel (OSV) is a boat or ship that provides services to support offshore drilling, production, and pipeline operations. These vessels include anchor handling tugs, supply boats, barges, crew boats, and crane ships. OSVs are used to transport personnel and cargo to and from oil rigs and platforms in the Gulf of Mexico and other offshore areas.
Platform Supply Vessels:
Platform supply vessels are a type of vessel designed to carry out operations at an offshore location. They are used for the transportation of goods and materials such as oil, gas, chemicals, food items and other commodities in large quantities from the supplier's platform to various platforms.
The global Platform Supply Vessels (PSV) market size was valued at USD 1.8 billion in 2016.
Multi-purpose Supply vessels:
Multi-purpose supply vessels are designed to fulfill the basic requirements of offshore facilities including storage, transportation and distribution of goods. They can be used in various applications such as oil & gas production, port operations and other utility services.
Application Insights:
The oil & gas segment accounted for the largest market share in 2017 and is anticipated to maintain its dominance over the forecast period. The growth of this application can be attributed to increasing demand for crude oil from emerging economies such as China, India, and Brazil. OSVs are used in offshore fields for a variety of tasks including drilling, exploration activities, maintenance services along with providing accommodation facilities for personnel working onshore.
Offshore support vessels are also used in various other applications such as submarine communications (comms) which is expected to grow at a significant rate over the forecast period owing to growing military expenditure by countries such as China and India along with Russia¢â‚¬â„¢s navy expansion program which was mentioned earlier.
Regional Analysis:
Europe accounted for the largest market share of over 40% in 2017. The region is expected to continue its dominance over the forecast period owing to factors such as increasing offshore projects, stringent regulations regarding emission and noise, and rising demand for renewable energy. Moreover, growing oil & gas exploration activities in North Sea are anticipated to drive regional growth.
Asia Pacific is estimated to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing high economic development along with increasing government spending on infrastructure development across emerging economies including China and India.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investments in oil & gas exploration and production activities
- Proliferation of offshore drilling rigs and installations
- Stringent safety norms for maritime operations by regulatory authorities
- Technological advancements in OSV design, construction, and operation
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Support Vessels (OSV) Market Research Report
By Type
Platform Supply Vessels, Multi-purpose Supply vessels, Anchor Handling Vessels, Others
By Application
Oil & Gas, Submarine Communications, Power, Others
By Companies
Keppel Corporation, Qingdao Euchuan, IHC Offshore, Marine B.V, CSSC, SINOPACIFIC Shipbuilding Group, Keppel Corporation
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Support Vessels (OSV) Market Report Segments:
The global Offshore Support Vessels (OSV) market is segmented on the basis of:
Types
Platform Supply Vessels, Multi-purpose Supply vessels, Anchor Handling Vessels, 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
Oil & Gas, Submarine Communications, Power, Others
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:
- Keppel Corporation
- Qingdao Euchuan
- IHC Offshore
- Marine B.V
- CSSC
- SINOPACIFIC Shipbuilding Group
- Keppel Corporation
 Market Overview.svg)
Highlights of The Offshore Support Vessels (OSV) 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:
- Platform Supply Vessels
- Multi-purpose Supply vessels
- Anchor Handling Vessels
- Others
- By Application:
- Oil & Gas
- Submarine Communications
- Power
- Others
- 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 Vessels (OSV) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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 Vessels are a type of vessel that is specifically designed to provide logistical support to offshore oil and gas operations. They are typically larger than traditional fishing vessels, and have more advanced navigational and communication capabilities. OSVs can also carry heavier equipment and supplies than traditional fishing boats, making them ideal for tasks such as drilling rig support, cargo transfer, or providing environmental monitoring services.
Some of the major players in the offshore support vessels (osv) market are Keppel Corporation, Qingdao Euchuan, IHC Offshore, Marine B.V, CSSC, SINOPACIFIC Shipbuilding Group, Keppel Corporation.
The offshore support vessels (osv) market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Support Vessels (OSV) 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 Vessels (OSV) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Support Vessels (OSV) 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 Vessels (OSV) 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 Vessels (OSV) Market Size & Forecast, 2020-2028
4.5.1 Offshore Support Vessels (OSV) Market Size and Y-o-Y Growth
4.5.2 Offshore Support Vessels (OSV) 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 Platform Supply Vessels
5.2.2 Multi-purpose Supply vessels
5.2.3 Anchor Handling Vessels
5.2.4 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 Oil & Gas
6.2.2 Submarine Communications
6.2.3 Power
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Support Vessels (OSV) 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 Vessels (OSV) 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 Platform Supply Vessels
9.6.2 Multi-purpose Supply vessels
9.6.3 Anchor Handling Vessels
9.6.4 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 Oil & Gas
9.10.2 Submarine Communications
9.10.3 Power
9.10.4 Others
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 Platform Supply Vessels
10.6.2 Multi-purpose Supply vessels
10.6.3 Anchor Handling Vessels
10.6.4 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 Oil & Gas
10.10.2 Submarine Communications
10.10.3 Power
10.10.4 Others
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 Platform Supply Vessels
11.6.2 Multi-purpose Supply vessels
11.6.3 Anchor Handling Vessels
11.6.4 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 Oil & Gas
11.10.2 Submarine Communications
11.10.3 Power
11.10.4 Others
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 Platform Supply Vessels
12.6.2 Multi-purpose Supply vessels
12.6.3 Anchor Handling Vessels
12.6.4 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 Oil & Gas
12.10.2 Submarine Communications
12.10.3 Power
12.10.4 Others
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 Platform Supply Vessels
13.6.2 Multi-purpose Supply vessels
13.6.3 Anchor Handling Vessels
13.6.4 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 Oil & Gas
13.10.2 Submarine Communications
13.10.3 Power
13.10.4 Others
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 Vessels (OSV) Market: Competitive Dashboard
14.2 Global Offshore Support Vessels (OSV) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keppel Corporation
14.3.2 Qingdao Euchuan
14.3.3 IHC Offshore
14.3.4 Marine B.V
14.3.5 CSSC
14.3.6 SINOPACIFIC Shipbuilding Group
14.3.7 Keppel Corporation
