United States Offshore Support Vessels Market

Market Overview:

The United States offshore support vessels market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.

Offshore support vessels are utilized for transporting supplies, goods and equipment during construction activities and subsea exploration. They are also used to locate and inspect oil and gas-bearing areas, offer maintenance facilities and tow and position rigs/platforms. Besides this, they also provide services, such as anchor management, platform support and transportation, and respond to emergencies at offshore installations. At present, crane, diving support, pipe laying vessels, platform supply vessels (PSV’s) and seismic survey ships are some of the common categories of offshore support vessels that find extensive application across the United States.

The offshore supply vessels market in the US is primarily driven by the inflating prices of oil and the declining cost of drilling. As a result, the offshore oil production, along with the offshore rig count, has significantly increased. Moreover, the emerging trends of exploration and development activities to maintain offshore production is positively influencing the market. Apart from this, the rising offshore wind activities in the country are augmenting the construction, maintenance, operation, and other activities, which, in turn, are acting as another growth-inducing factors. However, the ongoing coronavirus disease (COVID-19) pandemic has impacted the offshore supply vessels market growth due to a slump in the demand for goods. The market will witness growth once normalcy is attained post removal of lockdown restrictions.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States offshore support vessels market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, water depth, fuel, service type and application.

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:

• Northeast
• Midwest
• South
• West
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the United States offshore support vessels market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States offshore support vessels market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the 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 the 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 United States offshore support vessels market and who are the key players?
• What is the degree of competition in the industry?