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North America Offshore Support Vessels Market Size, Share: 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
North America Offshore Support Vessels Market Outlook
The North America offshore support vessels market size is projected to grow at a CAGR of 5.3% between 2024 and 2032. The growing interest in deep sea exploration in the region is propelling the market growth.
Key Takeaways:
- The increasing demand for AHTVs is expected to influence the market growth favourably.
- The United States of America is expected to constitute a major portion of the North America offshore support vessels market share.
- Canada is expected to record an 8% increase in new oil well drillings in 2024.
The increasing emphasis on deep sea exploration is expected to propel the North America offshore support vessels market expansion. For instance, the Jet Propulsion Laboratory of NASA is developing an autonomous underwater vehicle named Orpheus to study the diversity of marine life in the Hadal zone, where high temperature and low-pressure environments make life difficult. The increasing collaboration of NASA with the Massachusetts-based Woods Hole Oceanographic Institution is also expected to increase the opportunities for ocean exploration, thereby contributing towards the North America offshore support vessels market growth.
In 2023, the United States and Canada produced 41 billion barrels of oil per day, while the Middle East produced a relatively lesser quantity. The anticipated increase in the drilling of (500) new oil wells in Canada is expected to drive the North America offshore support vessels market development over the forecast period. The introduction of favourable government policies aimed at increasing oil and gas exploration, along with a well-developed infrastructure, is expected to increase the demand for offshore support vessels in the coming years.
Surging deep water applications are expected to become a major driver for the growth of the North America offshore support vessels market in the forecast period.
Market Segmentation
North America 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
- United States of America
- Canada
The key North America offshore support vessels market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Austal Ltd., Hornbeck Offshore Services, Inc., Siem Offshore Inc., Harvey Gulf International Marine, LLC, Horizon Maritime Services Ltd., Damen Shipyards Group, and Otto Candies, LLC, 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 North America Offshore Support Vessels Market Overview
9.1 Key Industry Highlights
9.2 North America Offshore Support Vessels Historical Market (2018-2023)
9.3 North America Offshore Support Vessels Market Forecast (2024-2032)
10 North America 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 North America 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 North America 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 North America Offshore Support Vessels Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 Austal Ltd.
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 Hornbeck Offshore Services, Inc.
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 Siem Offshore Inc.
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 Harvey Gulf International Marine, LLC
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 Horizon Maritime Services Ltd.
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 Damen Shipyards Group
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 Otto Candies, LLC
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 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. North America Offshore Support Vessels Market: Key Industry Highlights, 2018 and 2032
3. North America Offshore Support Vessels Historical Market: Breakup by Type (USD Million), 2018-2023
4. North America Offshore Support Vessels Market Forecast: Breakup by Type (USD Million), 2024-2032
5. North America Offshore Support Vessels Historical Market: Breakup by Application (USD Million), 2018-2023
6. North America Offshore Support Vessels Market Forecast: Breakup by Application (USD Million), 2024-2032
7. North America Offshore Support Vessels Historical Market: Breakup by End Use (USD Million), 2018-2023
8. North America Offshore Support Vessels Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. North America Offshore Support Vessels Historical Market: Breakup by Country (USD Million), 2018-2023
10. North America Offshore Support Vessels Market Forecast: Breakup by Country (USD Million), 2024-2032
11. North America Offshore Support Vessels Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The different 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 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 the United States of America and Canada.
The key market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Austal Ltd., Hornbeck Offshore Services, Inc., Siem Offshore Inc., Harvey Gulf International Marine, LLC, Horizon Maritime Services Ltd., Damen Shipyards Group, and Otto Candies, LLC, among others.
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