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Europe Offshore Support Vessels Market Size, Share, Trends: By Type: Anchor Handling Tug Vessel (AHTV), Platform Supply Vessel, Multipurpose Support Vessel, Crew Vessel, Standby and Rescue Vessel, Others; By Application: Shallow Water, Deep Water; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Europe Offshore Support Vessels Market Outlook
The Europe offshore support vessels market size is projected to grow at a CAGR of 5.1% between 2024 and 2032. The market is being fuelled by the growing demand for oil and gas in the region.
Key Takeaways:
- Offshore oil and gas projects are expected to become an important driver of market growth.
- Deep water is expected to constitute a major portion of the Europe offshore support vessels market share.
- The United Kingdom is expected to dominate the market over the forecast period.
As the UK government is expected to boost its reliance on the North Sea for extracting oil and natural gas, the Europe offshore support vessels market growth is expected to receive a positive impact. The diversification of the UK’s energy mix is expected to lead to a higher demand for oil anchor handling tug vessels, multipurpose support vessels, and platform supply vessels which can assist the oil extraction and distribution processes.
The rising demand for essential minerals such as zinc, cobalt, and copper is expected to drive major European companies towards exploring deep sea beds in the Arctic Ocean for mineral extraction. This is expected to drive the Europe offshore support vessels market expansion over the forecast period. For instance, countries such as Norway are implementing strategies for clean energy transition by deliberating deep sea mining of essential minerals, which can be utilised in improving electric vehicle batteries and other technologies.
Given the increasing demand for energy across the region, oil and gas are still expected to remain a major source of fulfilling the energy requirements, thereby influencing the Europe offshore support vessels market expansion favourably.
Market Segmentation
Europe Offshore Support Vessels Market Report and Forecast 2024-2032 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 Country
- Germany
- United Kingdom
- France
- Italy
- Others
The key Europe offshore support vessels market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Solstad Offshore ASA, Damen Shipyards Group, Royal IHC, DOF Group ASA, Horizon Maritime Services Ltd., Havila Shipping ASA, and Vroon B.V., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Offshore Support Vessels Market Overview
8.1 Key Industry Highlights
8.2 Global Offshore Support Vessels Historical Market (2018-2023)
8.3 Global Offshore Support Vessels Market Forecast (2024-2032)
8.4 Global Offshore Support Vessels Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Offshore Support Vessels Market Overview
9.1 Key Industry Highlights
9.2 Europe Offshore Support Vessels Historical Market (2018-2023)
9.3 Europe Offshore Support Vessels Market Forecast (2024-2032)
10 Europe Offshore Support Vessels Market by Type
10.1 Anchor Handling Tug Vessel (AHTV)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Platform Supply Vessel
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Multipurpose Support Vessel
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Crew Vessel
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Standby and Rescue Vessel
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Europe Offshore Support Vessels Market by Application
11.1 Shallow Water
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Deep Water
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Europe Offshore Support Vessels Market by End Use
12.1 Offshore Oil and Gas
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offshore Wind
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Europe Offshore Support Vessels Market by Country
13.1 Germany
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Kingdom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Tidewater Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 AP Moeller - Maersk A/S
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SEACOR Marine Holdings Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Siem Offshore Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Solstad Offshore ASA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Damen Shipyards Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Royal IHC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 DOF Group ASA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Horizon Maritime Services Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Havila Shipping ASA
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Vroon B.V.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Offshore Support Vessels Market: Key Industry Highlights, 2018 and 2032
2. Europe Offshore Support Vessels Market: Key Industry Highlights, 2018 and 2032
3. Europe Offshore Support Vessels Historical Market: Breakup by Type (USD Million), 2018-2023
4. Europe Offshore Support Vessels Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Europe Offshore Support Vessels Historical Market: Breakup by Application (USD Million), 2018-2023
6. Europe Offshore Support Vessels Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Europe Offshore Support Vessels Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Europe Offshore Support Vessels Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Europe Offshore Support Vessels Historical Market: Breakup by Country (USD Million), 2018-2023
10. Europe Offshore Support Vessels Market Forecast: Breakup by Country (USD Million), 2024-2032
11. Europe Offshore Support Vessels Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The different applications of offshore support vessels are shallow water and deep water.
The different end uses of offshore support vessels include offshore oil and gas, and offshore wind.
The different offshore support vessel types considered in the market report are anchor handling tug vessel (AHTV), platform supply vessel, multipurpose support vessel, crew vessel, and standby and rescue vessel, among others.
The major countries in the market include Germany, the United Kingdom, France, and Italy, among others.
The key market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Solstad Offshore ASA, Damen Shipyards Group, Royal IHC, DOF Group ASA, Horizon Maritime Services Ltd., Havila Shipping ASA, and Vroon B.V., among others.
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