Offshore Support Vessel Market | Global OSV Market Outlook Forecast 2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global offshore support vessels market reached a value of US$ 39.57 Billion in 2020. Offshore support vessels refer to various marine vessels that are used for transporting goods, supplies and equipment during subsea exploration and construction activities. Some of the common types of offshore support vessels include diving support, crane, and pipe laying vessels, seismic survey ships, and platform supply vessels (PSVs). These vessels are primarily used for locating and inspecting oil and gas-bearing areas, towing and positioning rigs/platforms and offering maintenance facilities. They are equipped with powerful small-sized boats that respond to emergencies at offshore installations and also provide various other services, such as transportation, anchor management and platform support.

Global Offshore Support Vessel Market Growth Drivers:

Increasing oil and gas exploratory activities is one of the key factors driving the growth of the market. Furthermore, the rising demand for PSVs across the globe is also providing a boost to the market growth. PSVs are used in the production stage of offshore drilling and for the transportation of cement, casting and drilling pipes and completion fluids. Additionally, various technological advancements in the manufacturing processes of offshore support vessels and the integration of Dynamic Positioning (DP) systems in marine vessels, is acting as another growth-inducing factor. Manufacturers are emphasizing on producing computer-controlled vessels that can automatically control their propellers and thrusters to maintain a specific position.

Other factors, including rapid industrialization and extensive research and development (R&D) activities, along with growing investments in the oil and gas sector across the globe, especially in the emerging economies, are projected to drive the global offshore support vessel market further. Looking forward, IMARC Group expects the global offshore support vessels market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global offshore support vessels market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, water depth, fuel, service type, application and region.

Breakup by Type:

Anchor Handling Towing Supply Vessel
Platform Supply Vessel
Fast Supply Intervention Vessel
Multi-Purpose Service Vessel
Others

Breakup by Water Depth:

Shallow Water
Deepwater

Breakup by Fuel:

Fuel Oil
LNG

Breakup by Service Type:

Technical Services
Inspection & Survey
Crew Management
Logistics & Cargo Management
Anchor Handling & Seismic Support
Others

Breakup by Application:

Oil and Gas Applications
Offshore Applications

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bourbon, Grupo CBO, Gulfmark, Havila, Maersk, Seacor Marine, SIEM Offshore, Solstad, Swire, Tayrona Offshore, Tidewater, Vroon Group.

Key Questions Answered in This Report:

How has the global offshore support vessels market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global offshore support vessels market?
What is the breakup of the market based on the type?
What is the breakup of the market based on water depth?
What is the breakup of the market based on the fuel?
What is the breakup of the market based on the service type?
What is the breakup of the market based on application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global offshore support vessels market and who are the key players?
What is the degree of competition in the industry?