Offshore Support Vessel Global Market Report 2018-2023 – Aging of Offshore Infrastructure Leading to Replacement and Decommissions – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Offshore
Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel,
Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and
Deepwater), End-User (Oil & Gas and Offshore Wind), and Region – Global
Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The global offshore support vessel market is expected to grow at a CAGR
of 5.04%, from 2018 to 2023, to reach a market size of USD 25.66 Billion
by 2023.

This growth is attributed to the increasing focus on oil & gas
production at offshore fields. The aging infrastructure leading to
replacement and decommissioning offers lucrative opportunities for
market players in the coming five years.

The Asia Pacific market led the offshore support vessel market, with the
largest market share, by value, in 2018, and the trend is projected to
continue until 2023. The market in Europe will also play an important
role in driving demand for offshore support vessels. The North America
is a fast-growing market for offshore support vessels during the
forecast period. This growth is due to the increasing focus on offshore
robust investments in offshore oil & gas sector, and growing offshore
exploration activities, combined with the growth in offshore wind farms
and in order to replace production from mature onshore fields.
Some
of the leading players in the offshore support vessel market, on the
basis of their recent developments and other strategic industrial
activities, are Bourbon (France), Seacor Marine (US), Swire Group (Hong
Kong), Tidewater (US), Gulfmark Offshore, Inc. (US), Havila Shipping
(Norway), Hornbeck Offshore Services (US), The Maersk (Denmark), and
Siem Offshore (Norway), among others.
These players have
adopted growth strategies such as new product launches, contracts &
agreements, partnerships, collaborations, alliances, and joint ventures,
mergers & acquisitions, and investments & expansions to capture a larger
share of the offshore support vessel market.

Market Dynamics

Drivers

• Investments in Offshore Oil & Gas and Renewable Sectors

Restraints

• Capital-Intensive Market
• Oversupply of Offshore Vessels

Opportunities

• Aging of Offshore Infrastructure Leading to Replacement and
  Decommissions
• Increased Exploration Actives in Ultra-Deep Water and Artic Region

Challenges

• High Operational Risks
• Governmental Regulations for Offshore Activities in Key Regions

Key Topics Covered
1 Introduction
2
Research Methodology
3 Executive Summary
4 Premium
Insights
5 Market Overview
6 Offshore Support
Vessel Market, by Type
7 Offshore Support Vessel Market, by
Application
8 Offshore Support Vessel Market, by End-User
9
Offshore Support Vessel Market, by Region
10 Competitive
Landscape
11 Company Profiles

• Bourbon
• Grupo CBO
• Gulfmark
• Havila
• Maersk
• SIEM Offshore
• Seacor Marine
• Solstad
• Swire
• Tayrona Offshore
• Tidewater
• Vroon Group

For more information about this report visit https://www.researchandmarkets.com/research/gf3nft/offshore_support?w=4

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Related
Topics: Maritime