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
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.
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 |
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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 |
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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.
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.
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.
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.
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
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.
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