Global Offshore Supply Vessel Market Overview:
An Offshore Supply Vessel (OSV) is referred to as a sea motor vessel used for transmitting cargo, supplies, goods, crews, and offshore exploration and production equipment across the oil platforms. The offshore Supply Vessel basically supports marine offshore drilling activities through offshore energy resources transportation, and it also facilitates the process of oil rig installation. It is mostly used by the companies of oil and gas for exploration and production (E&P) activities. OSV is only been operated by ship owners or by the companies that take OSV on lease. In addition to this, OSV facilitates the maritime logistics operation for other various industries such as Deep Water Mining and Subsea.
As per latest study released by AMA Research, the Global Offshore Supply Vessel market is expected to see growth rate of 8.1%Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Deep and Ultra-deep Water Hydrocarbon Exploration Activities in the Asia Pacific and Technological Advancements Involving Product Innovations and Environmental Performance
Market Growth Drivers:
Deepwater Production and Exploration Activities and Investments in Offshore Oil & Gas and Renewable Sectors
Challenges:
High Operational Risks and Government Regulations for Offshore Activities in Key Regions
Restraints:
Market is Capital-Intensive and Oversupply of Offshore Vessels
Opportunities:
Aging Offshore Infrastructure Leading to Replacement and Decommissions and Increased Exploration Actives in Ultra-Deepwater and Arctic Region
Competitive Landscape:
Several Offshore Supply Vessel companies are investing in powerful, state-of-the-art control instrumentations as a result of spiraling demand for technologically advanced supply vessels from emerging end-use industries. This is poised to result in growing competitive, environmental, and economic pressures to offer high-rated products with a shorter return on investment.
Some of the key players profiled in the report are Edison Chouest Offshore (United States), Tidewater (United States), Bourbon (France), DOF (Norway), Swire Group (United Kingdom), The Maersk Group (Denmark), Guangxin shipbuilding & heavy industry co,.ltd. (China), Damen Shipyards (Netherlands), Seacor Marine (United States) and Harvey Gulf International Marine (United States). Additionally, following companies can also be profiled that are part of our coverage like Siem Offshore (Norway), Farstad Shipping (Norway), Hornbeck (United States) and Cosl (China). Considering Market by Depth, the sub-segment i.e. Shallow water will boost the Offshore Supply Vessel market. Considering Market by End User, the sub-segment i.e. Oil & Gas will boost the Offshore Supply Vessel market.
What Can be Explored with the Offshore Supply Vessel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Offshore Supply Vessel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Offshore Supply Vessel
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Offshore Supply Vessel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Offshore Supply Vessel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material suppliers, Distributors/traders/wholesalers/suppliers, Regulatory bodies, including government agencies and NGO, Commercial research and development (RandD) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.