Market Overview:
The global offshore vessels market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increase in demand for oil & gas production and offshore construction activities. The global offshore vessels market is segmented by type, application, and region. By type, the market is divided into multi purpose vessel, offshore support vessel (OSV), platform supply vessel (PSV), construction vessel, and others. By application, the market is classified into oil & gas production, offshore construction,, military,, and others). Geographically,,themarketis segmentedinto North America,, Latin America,, Europe,,,, Asia Pacific,,,,and Middle East & Africa). Some of the key players operating in this market are Royal Dutch Shell plc., BP plc., Chevron Corporation., ExxonMobil Corporation., Total SA., ConocoPhillips Company,. Schlumberger Limited,. Halliburton Company,. Baker Hughes Incorporated,.
Product Definition:
Offshore vessels are those which typically operate in the open sea, as opposed to inland waterways. They are used for a variety of purposes, including fishing, dredging, and transporting goods and personnel to offshore oil rigs and other installations.
-Small craft: These include boats, dinghies, and jet skis.
-Workboats: Used for performing tasks such as surveying or laying cables.
-Tugboats: Used for hauling cargo or pushing barges.
-Supply boats: Transport food, water, fuel supplies, and other essentials to offshore installations.
Multi Purpose Vessel:
Multi-purpose vessel (MPV) is a type of offshore support vessel that is built for carrying out multiple tasks. MPVs are used in the offshore oil & gas industry to carry out operations such as drilling, well cleaning, production testing and other related activities. The global market for multi purpose vessels has been witnessing significant growth over the past few years owing to its rising demand from various end-use industries including oil & gas and marine among others.
Offshore Support Vessel:
An offshore support vessel (OSV) is a type of service vessel used to assist oil and gas production facilities in various tasks including transportation, storage, handling crude oil and other liquids, etc. The global offshore support vessel market size was valued at USD 5.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand for energy coupled with growing exploration activities globally.
Application Insights:
The oil & gas production segment held the largest share of over 40.0% in 2017. The growth can be attributed to the increasing demand for crude oil and natural gas from countries, such as Brazil, Mexico, Saudi Arabia and U.A.E., among others in the region. Furthermore, growing investments by companies including BP plc, StatoilHydro ASA and Repsol SAB are expected to propel industry expansion over the forecast period.
Offshore construction is anticipated to grow at a significant rate over the forecast period owing to rising demand for platforms.
Regional Analysis:
Asia Pacific offshore vessels market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing offshore construction activities in countries such as China, India, Vietnam and Indonesia. Furthermore, rising oil & gas production in these regions coupled with growing military operations is anticipated to drive the demand for heavy lift equipment which will further propel market growth over the forecast period.
North America was estimated at USD X billion in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing high investments made by governments for developing offshore structures along with growing oil & gas production activities off U.S.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries is expected to drive the offshore vessels market.
- Proliferation of new oil and gas reserves in deepwater and ultra-deepwater regions is anticipated to boost the demand for offshore vessels over the forecast period.
- Stringent environmental regulations pertaining to emissions from shipping vessels are likely to propel the adoption of more fuel-efficient technologies, which will benefit the offshore vessels market growth.
- The increasing popularity of liquefied natural gas (LNG) as a marine fuel is projected to create opportunities for players operating in the offshore vessel market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Vessels Market Research Report
By Type
Multi Purpose Vessel, Offshore Support Vessel, Platform Supply Vessel, Construction Vessel, Others
By Application
Oil & Gas Production, Offshore Construction, Military, Others
By Companies
Wartsila, ABB, Bumi Armada, Damen, VARD, Chouest, Rolls-Royce, Kleven, Sembcorp Marine, Metalships Docks & S.A., De Hoop, Simek, Eastern Shipbuilding Group
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Vessels Market Report Segments:
The global Offshore Vessels market is segmented on the basis of:
Types
Multi Purpose Vessel, Offshore Support Vessel, Platform Supply Vessel, Construction Vessel, 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 Production, Offshore Construction, Military, 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:
- Wartsila
- ABB
- Bumi Armada
- Damen
- VARD
- Chouest
- Rolls-Royce
- Kleven
- Sembcorp Marine
- Metalships Docks & S.A.
- De Hoop
- Simek
- Eastern Shipbuilding Group
Highlights of The Offshore Vessels 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:
- Multi Purpose Vessel
- Offshore Support Vessel
- Platform Supply Vessel
- Construction Vessel
- Others
- By Application:
- Oil & Gas Production
- Offshore Construction
- Military
- 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 Vessels 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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- Correctly Positioning New Products
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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 vessels are vessels that are not registered or licensed in a particular country and may be subject to different regulations than domestic vessels. Offshore vessels may also be used for transportation of goods between countries without having to pay customs duties.
Some of the major companies in the offshore vessels market are Wartsila, ABB, Bumi Armada, Damen, VARD, Chouest, Rolls-Royce, Kleven, Sembcorp Marine, Metalships Docks & S.A., De Hoop, Simek, Eastern Shipbuilding Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Vessels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Vessels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Vessels Market - Supply Chain
4.5. Global Offshore Vessels Market Forecast
4.5.1. Offshore Vessels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Vessels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Vessels Market Absolute $ Opportunity
5. Global Offshore Vessels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Vessels Market Size and Volume Forecast by Type
5.3.1. Multi Purpose Vessel
5.3.2. Offshore Support Vessel
5.3.3. Platform Supply Vessel
5.3.4. Construction Vessel
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Vessels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Vessels Market Size and Volume Forecast by Application
6.3.1. Oil & Gas Production
6.3.2. Offshore Construction
6.3.3. Military
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Vessels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Vessels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Vessels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Vessels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Vessels Demand Share Forecast, 2019-2026
9. North America Offshore Vessels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Vessels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Vessels Market Size and Volume Forecast by Application
9.4.1. Oil & Gas Production
9.4.2. Offshore Construction
9.4.3. Military
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Vessels Market Size and Volume Forecast by Type
9.7.1. Multi Purpose Vessel
9.7.2. Offshore Support Vessel
9.7.3. Platform Supply Vessel
9.7.4. Construction Vessel
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Vessels Demand Share Forecast, 2019-2026
10. Latin America Offshore Vessels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Vessels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Vessels Market Size and Volume Forecast by Application
10.4.1. Oil & Gas Production
10.4.2. Offshore Construction
10.4.3. Military
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Vessels Market Size and Volume Forecast by Type
10.7.1. Multi Purpose Vessel
10.7.2. Offshore Support Vessel
10.7.3. Platform Supply Vessel
10.7.4. Construction Vessel
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Vessels Demand Share Forecast, 2019-2026
11. Europe Offshore Vessels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Vessels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Vessels Market Size and Volume Forecast by Application
11.4.1. Oil & Gas Production
11.4.2. Offshore Construction
11.4.3. Military
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Vessels Market Size and Volume Forecast by Type
11.7.1. Multi Purpose Vessel
11.7.2. Offshore Support Vessel
11.7.3. Platform Supply Vessel
11.7.4. Construction Vessel
117.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Vessels Demand Share, 2019-2026
12. Asia Pacific Offshore Vessels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Vessels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Vessels Market Size and Volume Forecast by Application
12.4.1. Oil & Gas Production
12.4.2. Offshore Construction
12.4.3. Military
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Vessels Market Size and Volume Forecast by Type
12.7.1. Multi Purpose Vessel
12.7.2. Offshore Support Vessel
12.7.3. Platform Supply Vessel
12.7.4. Construction Vessel
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Vessels Demand Share, 2019-2026
13. Middle East & Africa Offshore Vessels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Vessels Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Vessels Market Size and Volume Forecast by Application
13.4.1. Oil & Gas Production
13.4.2. Offshore Construction
13.4.3. Military
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Vessels Market Size and Volume Forecast by Type
13.7.1. Multi Purpose Vessel
13.7.2. Offshore Support Vessel
13.7.3. Platform Supply Vessel
13.7.4. Construction Vessel
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Vessels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Vessels Market: Market Share Analysis
14.2. Offshore Vessels Distributors and Customers
14.3. Offshore Vessels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wartsila
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bumi Armada
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Damen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VARD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chouest
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rolls-Royce
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kleven
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sembcorp Marine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Metalships Docks & S.A.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. De Hoop
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Simek
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eastern Shipbuilding Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook