Le Lézard
Classified in: Oil industry, Covid-19 virus
Subject: MRR

Offshore Support Vessel Market size is set to grow by USD 525.58 million from 2022 to 2027; Rise in global demand for oil and natural gas to boost the market - Technavio

NEW YORK, May 31, 2023 /PRNewswire/ -- The global offshore support vessel market size is estimated to grow by USD 525.58 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.41%, however, the growth momentum will progress during the forecast period. North America is estimated to account for 53% of the global market growth during the forecast period. The region's shale revolution causes oil prices to plummet, however, a modest rise has led the region to resume deepwater and ultra-deepwater oil and gas projects in the Gulf of Mexico. This encourages chartering of offshore supply vessels in the region. This dominated the focused regional market in 2022 and is expected to maintain its dominance during the forecast period. Hence, such factors drive regional growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

Offshore Support Vessel Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (oil and gas and offshore wind), product (AHTS, PSV, MPSV, FSIV, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Offshore Support Vessel Market ? Market Dynamics
Key factor driving market growth

Leading trends influencing the market 

Major challenges hindering the market growth

Get Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

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Offshore Support Vessel Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.41%

Market growth 2023-2027

USD 525.58 million

Market structure


YoY growth 2022-2023 (%)


Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 53%

Key countries

US, Canada, United Arab Emirates, China, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AP Moller Maersk AS, BOURBON Corp, China National Offshore Oil Corp., COSCO Shipping Co. Ltd., Damen Shipyards Group, DP World, Eastern Shipbuilding Group Inc., Edison Chouest Offshore Co., Fincantieri Spa, Harvey Gulf International Marine LLC, Hornbeck Offshore Services Inc., John Swire and Sons Ltd., Kawasaki Kisen Kaisha Ltd., Nam Cheong Ltd., Reliance Naval and Engineering Ltd., Siem Offshore Inc., Singapore Technologies Engineering Ltd., Solstad Offshore ASA, Tidewater Inc., and Zamil Offshore Services Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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