Offshore Support Vessel Service Market
Offshore Support Vessel Service Market Study by Platform Supply Vessels, Multirole Field & ROV Supply Vessels, Offshore Subsea Construction Vessels, and Others from 2024 to 2034
Analysis of Offshore Support Vessel Service Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Offshore Support Vessel Service Market Outlook (2024 to 2034)
The global offshore support vessel service market size is set to account for a valuation of US$ 14.35 billion in 2024 and forecasted to reach US$ 29.03 billion by 2034-end, expanding at a robust 7.3% CAGR between 2024 and 2034.
Offshore support vessel services are crucial for the smooth functioning and operation of any kind of offshore site and the people working on it. Offshore support vessels can be used for construction, material handling, maintenance operations, platform support, etc.
Rapidly expanding world population is driving up the demand for energy on a global level, which in turn, is projected to favor offshore support vessel service demand as well. High investments in the oil & gas industry to establish new offshore rigs and pipeline networks are estimated to primarily augment offshore support vessel service market growth in the long run.
- Demand for offshore support vessel services in the offshore oil & gas industry is projected to increase at 6.2% CAGR over the next 10 years.
Growing adoption of advanced technologies in ships, imposition of stringent safety mandates for offshore facilities, wide adoption of offshore robotics, rising investments in offshore energy projects, and an increasing number of salvage operations all over the world are other offshore support vessel service market trends that could create new opportunities for companies in this space going forward.
“Market Benefiting from Surge in Global Demand for Clean Energy”
The imminent threat of climate change and global warming is fueling the demand for clean energy on a global level. This has led to the increasing establishment of offshore wind farms and hydropower plants, which in turn is forecasted to bolster demand for offshore support vessel services through 2034.
In contrast, high operational risks associated with running an offshore support vessel service business are projected to substantially limit the overall offshore support vessel service market growth potential well beyond the study period.
| Report Attributes | Details |
|---|---|
| Offshore Support Vessel Service Market Size (2024E) | US$ 14.35 Billion |
| Projected Market Value (2034F) | US$ 29.03 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.3% CAGR |
| Japan Market Value (2024E) | US$ 1.2 Billion |
| Demand Growth in China (2024 to 2034) | 7.5% CAGR |
| North America Market Share (2034F) | 29.1% |
| Civil & Commercial Segment Growth Rate (2024 to 2034) | 7.9% CAGR |
| Key Companies Profiled | VroonOffshore Services Pte Ltd.; A.P. Møller – Mærsk A/S; Bumi Armada Berhad; Swire Pacific Limited; Bourbon Corporation; Edison Chouest Offshore (Offshore Service Vessels L.L.C.); Falcon Energy Group; Tidewater Inc.; Seacor Holdings Inc.; SolstadFarstad ASA |
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Which Region Should Offshore Support Vessel Service Providers Target?
“High Demand for Renewable Energy in East Asian Countries”
Awareness regarding climate change and global warming has resulted in a high demand for renewable energy in East Asian countries, which is projected to create the need for offshore support vessel services over the coming years. China, Japan, and South Korea are all making efforts to turn towards renewable energy sources, and this is estimated to benefit offshore support vessel service companies in the East Asian region across the study period and beyond.
Increasing oil & gas exploration activities by companies in China are also forecasted to boost sales of offshore support vessels in the East Asian region going forward. Growing launches of new offshore wind projects in East Asian countries are also set to bolster offshore support vessel service demand over the next 10 years.
- China is projected to account for around 57.3% of the East Asian offshore support vessel service market share by 2034.
Supportive government initiatives to boost economic growth in China are also slated to play a crucial role in determining offshore support vessel service demand in the country over the coming years. South Korea is predicted to come off as a highly opportune country in this region owing to the presence of leading shipbuilding companies in the world and growing shipbuilding activity in the country.
- Offshore support vessel service demand in South Korea is predicted to increase at a phenomenal CAGR of 9.2% from 2024 to 2034.
Fact.MR, a market research and competitive intelligence provider, in this latest offshore support vessel service market study report, gives a detailed regional analysis of the industry with factors such as local supply, pricing trends, product standards, safety regulations, and new developments.
Country-wise Insights
Apart from the profitable East Asian and North American countries, offshore support vessel service companies should direct their efforts towards countries such as Norway, India, Germany, Vietnam, and the United Kingdom to improve their market share in the global competitive landscape.
Why is the United States a Key Market for Offshore Support Vessel Service Providers?
“Low Drilling Costs in Offshore Establishments”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.94 Billion |
| Growth Rate (2024 to 2034) | 7.8% CAGR |
| Projected Value (2034F) | US$ 6.2 Billion |
The oil & gas sector in the United States has been undergoing some major changes as companies are focusing on the exploration of new offshore sites for oil and gas extraction. Low costs of drilling in offshore establishments are a prospect that is projected to boost demand for offshore support vessel services in the country going forward. Moreover, the growing demand for renewable energy is also slated to benefit the adoption of offshore support vessel services for offshore energy generation plants in the United States in the long run.
Which European Countries Should Companies Target?
“Growing Focus on Sustainability in Nordic Countries Will Create Profitable Business Prospects”
Nordic countries are mostly islands, and this is why they are home to some of the most prominent offshore sites in the world. A high focus on sustainability in Nordic countries has led to increased establishment of new offshore renewable energy establishments, which are forecasted to bolster demand for offshore support vessel services in the future. Norway, Sweden, Finland, and Denmark are projected to emerge as the most opportune countries in Europe for offshore support vessel service companies by the end of the study period.
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Category-wise Insights
Offshore support vessel service providers are emphasizing supplying technical services to offshore wind facilities and oil & gas facilities to boost their revenue generation.
Which Type of Offshore Support Vessel Service is in High Demand?
“Strict Worker Safety Mandates Pushing Demand for Technical Offshore Support Vessel Services”
| Attribute | Technical Services |
|---|---|
| Segment Value (2024E) | US$ 2.25 Billion |
| Growth Rate (2024 to 2034) | 7% CAGR |
| Projected Value (2034F) | US$ 4.44 Billion |
Support vessels are crucial for the maintenance and repair operations of any offshore site, and this is why demand for technical offshore support vessel services is projected to be higher than other types of services around the world. Imposition of stringent worker and site safety mandates for offshore facilities is projected to favor demand for technical offshore support vessel services from 2024 to 2034 and beyond.
Which End-use Industry Accounts for High Demand for Offshore Support Vessel Services?
“High Revenue Generation from Offshore Wind Generation Due to Rising Demand for Renewable Energy”
| Attribute | Offshore Wind |
|---|---|
| Segment Value (2024E) | US$ 4.17 Billion |
| Growth Rate (2024 to 2034) | 7.3% CAGR |
| Projected Value (2034F) | US$ 8.44 Billion |
Increasing demand for renewable energy and the presence of high-velocity winds in oceans have resulted in the rapid expansion of the offshore wind energy industry around the world. Offshore wind energy generation facilities require frequent maintenance to keep them running optimally, and this is why the industry employs offshore support vessel services to transport equipment and workers for the same.
Offshore platform supply vessels (PSVs) and anchor handling tug supply (AHTS) vessels play a crucial role in the construction of offshore wind facilities by assisting in the installation and erection of wind turbines. High investments in the renewable wind generation space are also estimated to favor offshore support vessel service demand for the offshore wind industry in the long run.
Competitive Landscape
Offshore support vessel service providers are focusing on the integration of advanced technologies to improve their services and boost profitability in this increasingly risky industry.
- In February 2022, Vroon, a renowned name in the offshore support vessel service business, announced that it had collaborated with Navarino to implement a new IT-as-a-service platform for its fleet of 120 offshore and deep sea support vessels. This move allowed Vroon to move from a CAPEX approach to an OPEX approach for all tech support, hardware, and software needs.
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Competitive landscape highlights only certain players
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Key Segments of Offshore Support Vessel Service Market Research
-
By Vessel Type :
- Platform Supply Vessels (PSVs)
- Multirole field & ROV Supply Vessels (MRSVs)
- Offshore Subsea Construction Vessels (OSCVs)
- Anchor Handling Tug Supply (AHTS) Vessels
- Emergency Response & Rescue Vessels (ERRSVs)
- Chase & Seismic Vessels
- Standby Crew Vessels
- Others
-
By Service Type :
- Financial Services
- Chartering & Brokerage
- Consulting
- Technical Services
- Repair & Maintenance
- Technical Support
- Inspection & Survey
- Building & Design
- Crew Management
- Manpower Supply
- Training & Support
- Logistic & Cargo Management
- Anchor Handling Towage & Offshore Positioning
- Seismic Support
- Assistance, Salvage & Pollution Remediation
- Subsea Services
- Financial Services
-
By End-use Industry :
- Offshore Oil & Gas
- Military
- Civil & Commercial
- Offshore Wind
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, By Vessel Type
- 6.1. Platform Supply Vessels (PSVs)
- 6.2. Multirole Field & ROV Supply Vessels (MRSVs)
- 6.3. Offshore Subsea Construction Vessels (OSCVs)
- 6.4. Anchor Handling Tug Supply (AHTS) Vessels
- 6.5. Emergency Response & Rescue Vessels (ERRSVs)
- 6.6. Chase & Seismic Vessels
- 6.7. Standby Crew Vessels
- 6.8. Others
- 7. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Service Type
- 7.1. Financial Services
- 7.2. Technical Services
- 7.3. Inspection & Survey
- 7.4. Building & Design
- 7.5. Crew Management
- 7.6. Logistic & Cargo Management
- 7.7. Anchor Handling Towage & Offshore Positioning
- 7.8. Seismic Support
- 7.9. Assistance, Salvage & Pollution Remediation
- 7.10. Subsea Services
- 8. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by End-use Industry
- 8.1. Offshore Oil & Gas
- 8.2. Military
- 8.3. Civil & Commercial
- 8.4. Offshore Wind
- 8.5. Others
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. South Asia & Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Vroon Offshore Services Pte Ltd.
- 17.2. A.P. Møller – Mærsk A/S
- 17.3. Bumi Armada Berhad
- 17.4. Swire Pacific Limited
- 17.5. Bourbon Corporation
- 17.6. Edison Chouest Offshore (Offshore Service Vessels L.L.C.)
- 17.7. Falcon Energy Group
- 17.8. Tidewater Inc.
- 17.9. Seacor Holdings Inc.
- 17.10. SolstadFarstad ASA
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Europe Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 41: Europe Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 43: Europe Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 44: Europe Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 46: Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 47: Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 55: East Asia Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 56: East Asia Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 58: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 59: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: MEA Market Value (US$ Mn) Analysis, by Vessel Type, 2018 to 2023
Table 77: MEA Market Value (US$ Mn) Analysis, by Vessel Type, 2024 to 2034
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Vessel Type, 2024 to 2034
Table 79: MEA Market Value (US$ Mn) Analysis, by Service Type, 2018 to 2023
Table 80: MEA Market Value (US$ Mn) Analysis, by Service Type, 2024 to 2034
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Service Type, 2024 to 2034
Table 82: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2018 to 2023
Table 83: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 52: Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Europe Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 57: Europe Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 58: Europe Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 59: Europe Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 60: Europe Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 61: Europe Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 62: Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 63: Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 64: Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 68: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 69: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 71: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 72: East Asia Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 73: East Asia Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 74: East Asia Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 75: East Asia Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 76: East Asia Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 77: East Asia Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 78: East Asia Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 79: East Asia Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 80: East Asia Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2024 to 2034
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2024 & 2034
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 100: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 101: MEA Market Share Analysis by Country, 2024 & 2034
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 103: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: MEA Market Share and BPS Analysis by Vessel Type, 2024 & 2034
Figure 105: MEA Market Y-o-Y Growth Projections by Vessel Type, 2024 to 2034
Figure 106: MEA Market Attractiveness Analysis by Vessel Type, 2024 to 2034
Figure 107: MEA Market Share and BPS Analysis by Service Type, 2024 & 2034
Figure 108: MEA Market Y-o-Y Growth Projections by Service Type, 2024 to 2034
Figure 109: MEA Market Attractiveness Analysis by Service Type, 2024 to 2034
Figure 110: MEA Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 111: MEA Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 112: MEA Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the offshore support vessel service market?
The global offshore support vessel service market is estimated at US$ 14.35 billion in 2024.
What is the demand outlook for offshore support vessel services?
Demand for offshore support vessel services is forecasted to reach a market value of US$ 29.03 billion by 2034-end.
At what rate is the demand for offshore support vessel services predicted to rise?
Demand for offshore support vessel services is set to increase at 7.3% CAGR over the next 10 years.
What are the trends in the offshore support vessel service market?
Providing offshore support vessel services for offshore wind farms is a prominent trend in the market to watch out for.
How is demand for offshore support vessel services progressing in South Korea?
The market in South Korea is projected to rise at a stellar 9.2% CAGR from 2024 to 2034.
Who are the top offshore support vessel service providers?
VroonOffshore Services Pte Ltd., A.P. Møller – Mærsk A/S, Bourbon Corporation, Falcon Energy Group, and Tidewater Inc. are leading companies in the market.
Offshore Support Vessel Service Market