Factors Driving the Growth of Offshore Supply Vessel Market in Technology Industry

New Market Research Study on “Offshore Supply Vessel Market” by Type and Applications now Available at Arcognizance.com

Offshore Supply Vessel (OSV) Market report firstly introduced the Offshore Supply Vessel (OSV) basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, Offshore Supply Vessel (OSV) market introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Over the next five years, we projects that Offshore Supply Vessel (OSV) will register a 8.3% CAGR in terms of revenue, reach US$ 25000 million by 2023, from US$ 15500 million in 2017.

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The key manufacturers covered in this report:

  • Edison Chouest
  • Tidewater
  • Bourbon Offshore
  • DOF
  • Swires
  • Maersk Supply Service
  • Farstad Shipping
  • Hornbeck
  • Cosl
  • Island Offshore Management
  • Gulf Mark
  • Havila Shipping

Offshore Supply Vessel (OSV) is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore exploration and production equipment across oil platforms. OSV supports marine offshore drilling activities through the transportation of offshore energy resources, and it also facilitates oil rigs installation process. It is mostly used by oil and gas companies for exploration and production (E&P) activities. OSV is operated by ship owners or by companies that take OSV on lease. In addition, OSV facilitates the maritime logistics operation for various other industries such as Subsea and Deep Water Mining.

Deepwater production and exploration activities and investments by emerging economies in offshore exploration will drive the offshore support vessel market.

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Oil & gas exploration and production activities are being carried out, both onshore and offshore, worldwide. The offshore oilfield business consists of the survey, exploration, construction, production, maintenance, upgradation of production facilities, and decommissioning. The activities at various stages of the oilfield lifecycle require different types of specialized offshore support vessels (OSV), which are suited for the project needs.

The offshore supply vessel market has been segmented into vessel type, depth, and region. The market has been further segmented, by vessel type; into anchor handling tug supply vessels, platform supply vessels (PSV), multipurpose support vessels (MPSV), and standby and rescue vessels, crew vessels, chase vessels, seismic vessels, and others. The AHTS vessels segment accounted for the largest share, 45% of the market in 2017, AHTS vessels are principal support vessels used for towing, anchoring, and supplying equipment to drilling rigs and production platforms, making them the largest segment of the Offshore Support Vessel Market. Demand for offshore drilling is projected to recover slowly, particularly in deepwater fields as oil prices stabilize, thus, helping the AHTS market.

On the basis of depth, the market has been segmented into shallow water and deepwater segments. The application of offshore support vessels in shallow water projects is estimated to lead the market, in terms of market value share of 70.7% in 2017. The shallow water basins in the Middle East, Asia-Pacific, Europe, and North America will play a major role in driving the Offshore Support Vessel Market. Shallow water operations are typically less expensive compared to deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activity in shallow water basins compared to deepwater ones.

The OSV market is less concentrated, various enterprises have invested in fleet expansion, so as to replace older vessels, and enhance their position in global market. Key players in offshore support vessel market include Edison Chouest, Tidewater, Bourbon Offshore, DOF, Swires, Maersk Supply Service, Farstad Shipping, Hornbeck, Cosl, Island Offshore Management, Gulf Mark and Havila Shipping.

Segmentation by product type:

  • Anchor Handling Tug Supply
  • Platform Supply Vessel
  • Multipurpose Support Vessel
  • Standby & Rescue Vessel
  • Others

Segmentation by application:

  • Shallow Water
  • Deep Water

Segment in TOC:

Chapter Three: Global Offshore Supply Vessel (OSV) by Players

3.1 Global Offshore Supply Vessel (OSV) Sales Market Share by Players

3.1.1 Global Offshore Supply Vessel (OSV) Sales by Players (2016-2018)

3.1.2 Global Offshore Supply Vessel (OSV) Sales Market Share by Players (2016-2018)

3.2 Global Offshore Supply Vessel (OSV) Revenue Market Share by Players

3.2.1 Global Offshore Supply Vessel (OSV) Revenue by Players (2016-2018)

3.2.2 Global Offshore Supply Vessel (OSV) Revenue Market Share by Players (2016-2018)

3.3 Global Offshore Supply Vessel (OSV) Sale Price by Players

3.4 Global Offshore Supply Vessel (OSV) Manufacturing Base Distribution, Sales Area, Product Types by Players

3.4.1 Global Offshore Supply Vessel (OSV) Manufacturing Base Distribution and Sales Area by Players

3.4.2 Players Offshore Supply Vessel (OSV) Products Offered

3.5 Market Concentration Rate Analysis

3.5.1 Competition Landscape Analysis

3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)

3.6 New Products and Potential Entrants

3.7 Mergers & Acquisitions, Expansion

Chapter Four: Offshore Supply Vessel (OSV) by Regions

4.1 Offshore Supply Vessel (OSV) by Regions

4.1.1 Global Offshore Supply Vessel (OSV) Consumption by Regions

4.1.2 Global Offshore Supply Vessel (OSV) Value by Regions

4.2 Americas Offshore Supply Vessel (OSV) Consumption Growth

4.3 APAC Offshore Supply Vessel (OSV) Consumption Growth

4.4 Europe Offshore Supply Vessel (OSV) Consumption Growth

4.5 Middle East & Africa Offshore Supply Vessel (OSV) Consumption Growth

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