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Global 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
Global Offshore Support Vessels Market Outlook
The global offshore support vessels market size reached USD 17.80 billion in 2023. The market is projected to grow at a CAGR of 6.8% between 2024 and 2032, reaching almost USD 32.20 billion by 2032.
Key Takeaways:
- Offshore oil and gas projects are expected to dominate the market over the forecast period.
- Deep water is expected to dominate the global offshore support vessels market.
- The Middle East and Africa is expected to emerge as a leading region in the market.
The Middle East and Africa is expected to constitute a major portion of the global offshore support vessels market share. This is because of the high rate of offshore support vessel (OSV) utilisation (85-90%) in the region, driven by increasing government and foreign direct investments into the construction and maintenance of new oilfields and natural gas projects in Saudi Arabia, Qatar, and the United Arab Emirates. The offshore support vessels market growth is also being driven by the expansion of the offshore oil drilling facilities in the region.
Geopolitical tensions are expected to prompt major military powers to boost cross border collaboration for the procurement of OSVs. This is expected to enhance the security preparedness of nations at sea and propel the global offshore support vessels market expansion in the forecast period.
Ocean exploration is becoming a vital part of many nations’ climate action and energy security strategies. The United States of America, Australia, Iceland, and South Africa are undertaking seabed mapping and exploration activities to discover new mineral and biological sources of energy and study marine hazards and plate tectonics to improve their security against natural disasters. This is expected to drive the offshore support vessels market development in the forecast period.
Market Segmentation
Global 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 Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The key global offshore support vessels market players are Tidewater Inc., AP Moeller - Maersk A/S, Royal IHC, SEACOR Marine Holdings Inc., Austal Ltd., Damen Shipyards Group, Hornbeck Offshore Services, Inc., Siem Offshore Inc., Harvey Gulf International Marine, LLC, Horizon Maritime Services Ltd., 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Offshore Support Vessels Market Analysis
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 by Type
8.4.1 Anchor Handling Tug Vessel (AHTV)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Platform Supply Vessel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Multipurpose Support Vessel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Crew Vessel
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Standby and Rescue Vessel
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Offshore Support Vessels Market by Application
8.5.1 Shallow Water
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Deep Water
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Offshore Support Vessels Market by End Use
8.6.1 Offshore Oil and Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offshore Wind
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Offshore Support Vessels Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Offshore Support Vessels Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Offshore Support Vessels Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Offshore Support Vessels Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Offshore Support Vessels Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Offshore Support Vessels Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
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 for Demand
14.4 Key Indicators for 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 Royal IHC
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 SEACOR Marine Holdings 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 Austal Ltd.
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 Hornbeck Offshore Services, Inc.
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 Siem Offshore Inc.
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 Harvey Gulf International Marine, LLC
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 Horizon Maritime Services Ltd.
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 Otto Candies, LLC
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. Global Offshore Support Vessels Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Offshore Support Vessels Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Offshore Support Vessels Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Offshore Support Vessels Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Offshore Support Vessels Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Offshore Support Vessels Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Offshore Support Vessels Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Offshore Support Vessels Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Offshore Support Vessels Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Offshore Support Vessels Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Offshore Support Vessels Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Offshore Support Vessels Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Offshore Support Vessels Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Offshore Support Vessels Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Offshore Support Vessels Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Offshore Support Vessels Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Offshore Support Vessels Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Offshore Support Vessels Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Offshore Support Vessels Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 17.80 billion in 2023.
The market is projected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 32.20 billion in 2032.
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 different types of offshore support vessels are anchor handling tug vessel (AHTV), platform supply vessel, multipurpose support vessel, crew vessel, and standby and rescue vessel, among others.
The major regions in the market include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The key market players are Tidewater Inc., AP Moeller - Maersk A/S, Royal IHC, SEACOR Marine Holdings Inc., Austal Ltd., Damen Shipyards Group, Hornbeck Offshore Services, Inc., Siem Offshore Inc., Harvey Gulf International Marine, LLC, Horizon Maritime Services Ltd., and Otto Candies, LLC, among others.
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