SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Offshore Support Vessels - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 414
Companies: 48 - Players covered include BOURBON Corporation SA; Grupo CBO; GulfMark Offshore, Inc.; Havila Shipping ASA; John Swire & Sons (H.K.) Ltd.; Maersk A/S; SEACOR Marine Holdings, Inc.; Siem Offshore Inc.; Solstad Offshore ASA; Tidewater Inc.; Vroon B.V. and Others.
Coverage: All major geographies and key segments
Segments: Application (Shallow Water, Deepwater); Type (Anchor-handling Tug Supply Vessels, Platform Supply Vessels, Multipurpose Supply Vessels, Emergency Response/Standby & Rescue Vessels, Crew Vessels, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Offshore Support Vessels Market to Reach $27.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Offshore Support Vessels estimated at US$20.5 Billion in the year 2020, is projected to reach a revised size of US$27.3 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Anchor-handling Tug Supply Vessels, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform Supply Vessels segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.4 Billion in 2021, While China is Forecast to Reach $4.8 Billion by 2026
The Offshore Support Vessels market in the U.S. is estimated at US$6.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2026 trailing a CAGR of 4.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Multipurpose Supply Vessels Segment to Reach US$4.9 Billion by the year 2026
In the global Multipurpose Supply Vessels segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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