North Sea offshore support vessels market

North Sea Offshore Support Vessels Market by Types (Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS), Platform Supply Vessels (PSVs) and Other Types), End-users (Oil & Gas and Offshore Wind Facilities), and Geography (United Kingdom, Norway, Denmark, Germany, and Rest of North Sea) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1874
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 180
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The North Sea offshore support vessels market size is estimated to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the increasing offshore exploration and production activities and rapid growth in a number of offshore oil & gas fields.

North Sea offshore support vessels market summary

Offshore support vessels are special type of ships designed to carry out essential duties and supplies for smooth functioning of offshore oil and gas operations. The functions of an offshore vessel include, act as support vessel, carry out maintenance and construction, fulfil logistical needs, and anchor handling.  Offshore support vessels bring equipment to rigs for repairing and maintenance of facilities located offshore, they are crucial in getting supplies and materials, and for construction and upgradation these facilities. Offshore support vessels are very versatile and can be implemented for just about any type of project.  There are various types of offshore support vessels which include, seismic survey ships, platform supply vessels (PSVs), construction support vessels, driving support vessels, and inspection & maintenance vessels.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for offshore oil and gas industries are anticipated to drive the market expansion during the forecast period.  
  • Growing investments and increasing number of exploration activities in the North Sea are major factors spurring the market growth in the coming years.
  • Capital-intensive pricing dynamics of the offshore support vessel market is projected to hamper the market expansion during the forecast period.
  • Decreasing petroleum prices in the recent years and reduced spending power of the top players in the market are expected to impede the market growth in the coming years.
  • R&D investment, technological advancements, and less environmental impact off the offshore support vessels are estimated to create lucrative opportunities for the market players.

Scope of the Report

The report on the North Sea offshore support vessels market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

North Sea Offshore Support Vessels Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS), Platform Supply Vessels (PSVs) and Other Types), End-users (Oil & Gas and Offshore Wind Facilities)

Regional Scope

United Kingdom, Norway, Denmark, Germany, and Rest of North Sea

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Gulfmark Offshore Inc, Tidewater Inc, SEACOR Marine LLC, Bourbon Corporation SA, and Siem Offshore Inc

North Sea Offshore Support Vessels Market Segment Insights

Platform Supply Vessels (PSVs) segment is projected to account for major market share

Based on types, the North Sea offshore support vessels market is segmented into anchor handling tug vessel/ anchor handling towing supply vessels (AHT/ AHTS), platform supply vessels (PSVs) and other types. The platform supply vessels (PSVs) segment in anticipated to represent large market share during the forecast period. PSVs are designed to supply necessary equipment to offshore drilling rigs and production platforms. PSVs carry drill pipes, equipment, and other large items on the deck, segregation of cargo is carried out on the vessel, dry cargo is stored in special pneumatic pressure tanks and liquid cargo is stored in double bottom tanks. Drilling consumables such as, cement, baryte, and bentonite are transported as dry powders.

North Sea offshore support vessels market types

Oil & Gas segment is anticipated to constitute for large market share

In terms of end-users, the North Sea offshore support vessels market is bifurcated into oil & gas and offshore wind facilities. The oil & gas segment is anticipated to constitute for key market share due to increasing demand for offshore facilities and limited onshore resources in the region. Offshore support vessels carry out essential operations of delivering support services to these drilling rings and oil-producing facilities. They are used to lay pipes, deliver platforms, floating production storage, offloading units, and decommissioning of offshore rigs. North Sea has over 450 platforms, 10,000 kms of pipelines, and 5000 wells which are projected to be decommissioned by 2040.

North Sea offshore support vessels market end-users

United Kingdom is expected to dominate the market

On the basis of geography, the North Sea offshore support vessels market is categorized as United Kingdom, Norway, Denmark, Germany, and Rest of North Sea. The market of United Kingdom is anticipated to dominate the market during the forecast period due to increasing offshore facilities and growing number of offshore support vessels in the country. As of 2019, the number of offshore support vessels was more than 125 and is projected to in the coming years. The government has implied on adopting and increasing more offshore facilities owing to their less environmental impacts in comparison to onshore facilities.

North Sea offshore support vessels market geography

Segments

Segments Covered in the North Sea Offshore Support Vessels Market Report
Types

  • Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
  • Platform Supply Vessels (PSVs)
  • Other Types

End-users

  • Oil & Gas
  • Offshore Wind Facilities

Geography

  • United Kingdom
  • Norway
  • Denmark
  • Germany
  • Rest of North Sea

Key Players

  • Gulfmark Offshore Inc
  • Tidewater Inc
  • SEACOR Marine LLC
  • Bourbon Corporation SA
  • Siem Offshore Inc

 

Competitive Landscape

Key players competing in the North Sea offshore support vessels market include Gulfmark Offshore Inc, Tidewater Inc, SEACOR Marine LLC, Bourbon Corporation SA, and Siem Offshore Inc.

North Sea offshore support vessels market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. offshore support vessels Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. offshore support vessels Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. offshore support vessels Market - Supply Chain
  4.5. Global offshore support vessels Market Forecast
     4.5.1. offshore support vessels Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. offshore support vessels Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. offshore support vessels Market Absolute $ Opportunity
5. Global offshore support vessels Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. offshore support vessels Market Size and Volume Forecast by Types
     5.3.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     5.3.2. Platform Supply Vessels (PSVs)
     5.3.3. Other Types
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global offshore support vessels Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. offshore support vessels Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global offshore support vessels Demand Share Forecast, 2019-2026
7. North America offshore support vessels Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America offshore support vessels Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America offshore support vessels Market Size and Volume Forecast by Types
     7.4.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     7.4.2. Platform Supply Vessels (PSVs)
     7.4.3. Other Types
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America offshore support vessels Demand Share Forecast, 2019-2026
8. Latin America offshore support vessels Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America offshore support vessels Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America offshore support vessels Market Size and Volume Forecast by Types
     8.4.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     8.4.2. Platform Supply Vessels (PSVs)
     8.4.3. Other Types
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America offshore support vessels Demand Share Forecast, 2019-2026
9. Europe offshore support vessels Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe offshore support vessels Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe offshore support vessels Market Size and Volume Forecast by Types
     9.4.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     9.4.2. Platform Supply Vessels (PSVs)
     9.4.3. Other Types
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe offshore support vessels Demand Share Forecast, 2019-2026
10. Asia Pacific offshore support vessels Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific offshore support vessels Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific offshore support vessels Market Size and Volume Forecast by Types
     10.4.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     10.4.2. Platform Supply Vessels (PSVs)
     10.4.3. Other Types
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific offshore support vessels Demand Share Forecast, 2019-2026
11. Middle East & Africa offshore support vessels Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa offshore support vessels Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa offshore support vessels Market Size and Volume Forecast by Types
     11.4.1. Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
     11.4.2. Platform Supply Vessels (PSVs)
     11.4.3. Other Types
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa offshore support vessels Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global offshore support vessels Market: Market Share Analysis
  12.2. offshore support vessels Distributors and Customers
  12.3. offshore support vessels Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Gulfmark Offshore Inc
     12.4.2. Tidewater Inc
     12.4.3. SEACOR Marine LLC
     12.4.4. Bourbon Corporation SA
     12.4.5. Siem Offshore Inc

Segments Covered in the North Sea Offshore Support Vessels Market Report
Types

  • Anchor Handling Tug Vessel/ Anchor Handling Towing Supply Vessels (AHT/ AHTS)
  • Platform Supply Vessels (PSVs)
  • Other Types

End-users

  • Oil & Gas
  • Offshore Wind Facilities

Geography

  • United Kingdom
  • Norway
  • Denmark
  • Germany
  • Rest of North Sea

Key Players

  • Gulfmark Offshore Inc
  • Tidewater Inc
  • SEACOR Marine LLC
  • Bourbon Corporation SA
  • Siem Offshore Inc

 

Key players competing in the North Sea offshore support vessels market include Gulfmark Offshore Inc, Tidewater Inc, SEACOR Marine LLC, Bourbon Corporation SA, and Siem Offshore Inc.

North Sea offshore support vessels market keyplayers

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