As per the latest industry research study by Technavio, the global offshore support vessel market is estimated to grow at a CAGR of more than 5% during the calculated period 2017 to 2021.
This report by Technavio provides an in-depth study of the global offshore support vessel market in terms of revenue and developing market trends. The report also comprises an up-to-date analysis and forecasts for various market sectors and all geographical regions.
Technavio research analysts categorize the market based on the type
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The top three revenue contributing type segments are discussed below:
Global AHTS vessel market: The increasing use of AHTS vessel in the offshore drilling process in North America and the EMEA region will augment the growth of the offshore support vessel market. AHTS vessels are used for tugging or towing a ship or an oil rig platform and are manufactured to handle anchors for oil rigs. These vessels help place and install oil rigs at specified locations in the sea, and are suited to harsh weather conditions.
“The vessels help provide towing and assistance-related services for tanker loading and deepwater anchor handling. The increase in shipbuilding processes with many emerging players investing in marine infrastructure projects will raise the number of technologically advanced fleets that are available in the market. The growing deep-sea and shallow-sea marine operations in APAC will lead to the development of this market segment during the forecast period,” says Sharan Raj, a lead analyst at Technavio for research on transportation and distribution.
Global PSV market: The growing use of PSV in offshore drilling processes in the Gulf of Mexico and the EMEA will contribute to the growth of this market segment. PSV are specifically designed to carry supplies to and from offshore oil rigs, and these units support marine transportation services catering to oil rigs. Moreover, these vessels are commonly used for moving cargo and transporting marine equipment and personnel from oil platforms to other offshore rigs. The vendors are introducing modern vessels that are built with a dynamic positioning system that helps the vessel navigate digitally.
Global FSIV market: FSIVs are small, rapid, and flexible offshore vessels used for fast transportation on the sea. These vessels are used as crew boats with large capacity for passengers, which allows them to act as safety standby vessels. The FSIVs perform a wide range of offshore and inshore maritime support services. The leading vendors in the market are investing to expand their production capacity to support varied marine logistics services.
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The key players functional in the global offshore support vessel market are:
- Bourbon
- Edison Chouset Offshore
- SEACOR
- Swire Pacific Offshore
- Tidewater
The other prominent retailers in the market include Abdon Callais Offshore, ABG Shipyard, Bass Marine, Bharati Shipyard, BP Shipping, China Oilfield Services, Deep-Sea Supply, Eastern Shipbuilding, EMAS, Farstad Shipping, Gulfmark Offshore, Halul Offshore Services, Harvey Gulf International Marine, Havila Shipping, Hornbeck Offshore, Intermarine, Island Offshore Management, KG Offshore Services, Maersk Supply Service, Nam Cheong, Odyssea Marine, OGX, Pacific Richfield, Pemex, Rem Maritime, Remontowa, Sanko Line, Siem Offshore, Simon Møkster Shipping, Sinopacific, Solstad Offshore, Topaz Energy and Marine, Trico Marine Services, Vroon Group, Whitesea Shipping and Supply, Zakher Marine, and Zamil Operations.
A thorough analysis is offered in the Technavio report titled, ‘Global Offshore Support Vessel Market 2017-2021’. Technavio also customizes reports by other provinces and specific segments upon request.
Other related reports:
- Global Anchor Handling Tug Supply Vessels Market 2016-2020
- Global Maritime Information Market 2016-2020
- Global Marine Electric Vehicles Market 2016-2020
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