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Report Overview

The Asia Pacific offshore support vessels market size reached nearly USD 5085.40 Million in 2025. The market is projected to grow at a CAGR of 7.50% between 2026 and 2035, reaching almost USD 10481.17 Million by 2035.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

  • The construction of 514 GW of new oil and gas capacity in the Asia Pacific is expected to drive the market growth.

  • The demand for natural gas in China is expected to grow by 40% between 2021-2030.

  • The application of offshore support vessels in deep water is expected to record a significant increase over the forecast period.

Compound Annual Growth Rate

7.5%

Value in USD Million

2026-2035


*this image is indicative*

The global demand for natural gas is expected to witness continuous growth throughout the forecast period. This has led to a 13% increase in the global oil and gas production capacity. Nearly 3/4th of the overall capacity increase is attributed to the Asia Pacific, with countries such as China, Bangladesh, Philippines, and Vietnam leading the construction of new projects. This is expected to accelerate the Asia Pacific offshore support vessels market development.

The development of offshore oil and gas projects in the South China Sea is expected to make China a leading market for offshore support vehicles. The discovery of 100 million tons of oil in the Pearl River Delta of China in the Guangdong province has attracted significant attention from the government. This is also expected to favour foreign investments into the oil and gas sector, thereby influencing the Asia Pacific offshore support vessels market growth favourably.

As the world moves towards clean sources of energy, developing economies such as India, Bangladesh, and Vietnam are expected to boost their reliance on liquefied natural gas to power domestic households and further industrial development. This is expected to drive the expansion of the oil and gas sector in these countries, thereby contributing towards the Asia Pacific offshore support vessels market growth.

Market Segmentation

"Asia Pacific Offshore Support Vessels Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Anchor Handling Tug Vessel (AHTV)
  • Platform Supply Vessel
  • Multipurpose Support Vessel
  • Crew Vessel
  • Standby and Rescue Vessel
  • Others

Market Breakup by Application

  • Shallow Water
  • Deep Water

Market Breakup by End Use

  • Offshore Oil and Gas
  • Offshore Wind

Market Breakup by Region

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Competitive Landscape

The key Asia Pacific offshore support vessels market players are:

  • Tidewater Inc.
  • AP Moeller - Maersk A/S
  • SEACOR Marine Holdings Inc.
  • Austal Ltd.
  • Solstad Offshore ASA
  • PACC Offshore Pte. Ltd.
  • Siem Offshore Inc.
  • Nam Cheong Limited
  • Damen Shipyards Group
  • MMA Offshore Ltd.
  • others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at nearly USD 5085.40 Million in 2025.

The market is projected to grow at a CAGR of 7.50% between 2026 and 2035.

The market is assessed to witness a healthy growth in the forecast period to reach around USD 10481.17 Million in 2035.

The various applications of offshore support vessels are shallow water and deep water.

The different end uses of the product include offshore oil and gas and offshore wind.

The major countries in the market include the ASEAN, China, India, Japan, and Australia, among others.

The key market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Austal Ltd., Solstad Offshore ASA, PACC Offshore Pte. Ltd., Siem Offshore Inc., Nam Cheong Limited, Damen Shipyards Group, and MMA Offshore Ltd., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Anchor Handling Tug Vessel (AHTV)
  • Platform Supply Vessel
  • Multipurpose Support Vessel
  • Crew Vessel
  • Standby and Rescue Vessel
  • Others
Breakup by Application
  • Shallow Water
  • Deep Water
Breakup by End Use
  • Offshore Oil and Gas
  • Offshore Wind
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tidewater Inc.
  • AP Moeller - Maersk A/S
  • SEACOR Marine Holdings Inc.
  • Austal Ltd.
  • Solstad Offshore ASA
  • PACC Offshore Pte. Ltd.
  • Siem Offshore Inc.
  • Nam Cheong Limited
  • Damen Shipyards Group
  • MMA Offshore Ltd.
  • Others

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