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The global offshore support vessels market was valued at US$ 39.57 Billion in 2020.
The increasing number of oil and gas exploratory activities across the globe, along with rising requirement of platform supply vessels (PSVs), is currently driving the global offshore support vessels market.
The sudden outbreak of the COVID-19 pandemic had resulted in the implementation of stringent regulations across several nations resulting in the temporary halt in numerous cross-border trade activities, thereby hampering the demand for offshore support vessels.
Based on the type, the global offshore support vessels market can be segmented into anchor handling towing supply vessel, platform supply vessel, fast supply intervention vessel, multi-purpose service vessel, and others. Among these, anchor handling towing supply vessel holds the majority of the total market share.
Based on the water depth, the global offshore support vessels market has been divided into shallow water vessels and deep-water vessels. Currently, shallow water vessels hold the largest market share.
Based on the fuel, the global offshore support vessels market can be segregated into fuel oil and LNG, where fuel oil currently exhibits a clear dominance in the market.
Based on the service type, the global offshore support vessels market has been bifurcated into technical services, inspection & survey, crew management, logistics & cargo management, anchor handling & seismic support, and others. Among these, anchor handling & seismic support holds the majority of the total market share.
Based on the application, the global offshore support vessels market can be categorized into oil and gas applications and offshore applications. Currently, oil and gas applications account for the largest segment.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global offshore support vessels market include Bourbon, Grupo CBO, Gulfmark, Havila, Maersk, Seacor Marine, SIEM Offshore, Solstad, Swire, Tayrona Offshore, Tidewater, and Vroon Group.
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