Offshore Support Vessel Market by Technology (AHTS, PSV, MPSV, Standby & Rescue Vessels, Crew Vessels, Chase Vessels, Seismic Vessels), Application (Shallow water, Deepwater), End-user Industry, Material, Fuel Type and Region - Global Forecast to 2028

Abstract
The global offshore support vessel market is estimated to grow from USD 22.6 Billion in 2023 to USD 31.4 Billion by 2028; it is expected to record a CAGR of 6.7% during the forecast period. The growing investments in building offshore wind farms will drives the offshore support vessel market in the forecasted period.

“AHTS: The largest segment of the offshore support vessel market, by type “

Based on type, the offshore support vessel market has been split into eight types: AHTS, PSV, MPSV, Standby & Rescue Vessels, Crew Vessels, Chase Vessels, Seismic Vessels and Other Vessels. The AHTS vessels are specialized ships designed for various offshore operations in the oil and gas industry, for example, anchor handling, towing and positioning, supply operations, dynamic positioning, firefighting and safety, construction support, and crew accommodation. AHTS vessels are equipped with powerful winches and towing equipment and have large deck spaces and powerful engines to handle anchors and mooring lines.

“Shallow water segment is expected to emerge as the largest segment based on application”

By application, the offshore support vessel market has been segmented into shallow water and deepwater. Oil and gas activities performed to 1,000 feet have been considered under the shallow water segment. This segment dominates the offshore support vessel market as oil and gas exploration and production activities are primarily concentrated in shallow water areas. During the forecast period, Asia Pacific is estimated to lead the offshore support vessel market for shallow water applications. The market in the Middle East is also booming as most of its offshore oil and gas production activities are carried out in shallow water regions.

“By end-user industry, the Offshore wind segment is expected to be the fastest growing market during the forecast period.”

Based on end-user industry, the offshore support vessel market is segmented into offshore oil & gas and offshore wind. The offshore wind segment is expected to be the fastest-growing segment during the forecast period. Offshore wind is a relatively new renewable energy technology. It plays a key role in renewable power generation. Offshore wind turbines are used worldwide and are gaining importance as countries focus on harnessing the energy of strong winds over oceans.

Offshore wind turbines are used worldwide and are gaining importance as countries focus on harnessing the energy of strong winds over oceans. The power generated through offshore wind is higher than the onshore wind farms because offshore winds blow more uniformly compared to the winds on land. The increasing deployment of these large turbines in deepwater drives the demand for AHTS vessels and PSVs

Europe is expected to be the second largest region in the offshore support vessel market

Europe is expected to be the second largest offshore support vessel market during the forecast period. Europe produces oil and gas through onshore and offshore exploration activities. Regarding offshore areas, E&P activities in the Norwegian North Sea and the UK Continental Shelf (UKCS) dominate Europe's offshore oil and gas production. In addition, new exploration activities in the North Sea and the Arctic are conducted to offset the production decline in the mature basins.

The region is shifting its focus from oil and gas toward offshore wind. From 2019 to 2022, the Netherlands witnessed the highest installation of offshore wind capacity in Europe. The Netherlands aims to achieve zero carbon dioxide (CO2) emissions from the energy supply by 2050. Hence, increasing investments toward developing offshore wind farms and increasing renewable power generation capacity are expected to provide ample opportunities for the providers of offshore support vessels in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:
By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
By Designation: C-Level- 30%, Director Levels- 25%, and Others- 45%
By Region: North America- 10%, Asia Pacific- 35%, Europe- 25%, Middle East- 5%, Africa- 15%, and South America- 10%

Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The offshore support vessel market is dominated by a few major players that have a wide regional presence. The leading players in the offshore support vessel market are DOF ASA (Norway), Solstad Offshore ASA (Norway), Tidewater Inc. (US), A.P. Moller – Maersk (Denmark), Siem Offshore (Norway), BOURBON (France), and Vroon (Netherlands).

Research Coverage:
The report defines, describes, and forecasts the global offshore support vessel market, by type, end-user industry, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the offshore support vessel market.

Key Benefits of Buying the Report
•Increasing investments in offshore wind and oil & gas projects is the main factors driving the offshore support vessel market. Factors such constant fluctuations in oil prices and requirement for huge capital to launch offshore support vessels and supply-demand gap in offshore support vessels still restrain the market. Decommissioning and replacement of aging offshore infrastructure and increased ultra-deepwater exploration activities, especially in Arctic region provide opportunities for the offshore support vessel market to grow. Even though high operational risks for OSVs due to extreme offshore climatic conditions are major challenges faced by countries under OSVs development.
•Product Development/ Innovation: The offshore support vessel market is witnessing significant product development and innovation, driven by the growing demand for renewable energy. Companies are investing in the development of advanced offshore support vessels that are specifically designed for the unique requirements of offshore renewable energy projects. These vessels incorporate innovative features such as hybrid propulsion systems, energy storage solutions, and advanced monitoring and control systems to enhance operational efficiency and reduce environmental impact.
•Market Development: As offshore renewable energy becomes more prominent in the power generation landscape, there is a growing need for specialized vessels to support the development, installation, and maintenance of offshore renewable energy projects. This presents a significant market opportunity for offshore support vessel providers to cater to the increasing demand for services in the expanding renewable energy sector.
•Market Diversification: Vroon Offshore Services, a subsidiary of Vroon Group, signed an agreement with ZITON and MPI Enterprises for the wind-turbine installation and maintenance vessel. As a part of the agreement, ZITON had the option to acquire the vessel. With the purchase option, this bareboat charter was in line with the strategy of Vroon to divest its wind-turbine installation business.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like include DOF ASA (Norway), Solstad Offshore ASA (Norway), Tidewater Inc. (US), A.P. Moller – Maersk (Denmark), Siem Offshore (Norway), BOURBON (France), and Vroon (Netherlands) among others in the offshore support vessel market.

Content
Table of Contents

1INTRODUCTION36
1.1STUDY OBJECTIVES36
1.2MARKET DEFINITION36
1.3INCLUSIONS AND EXCLUSIONS37
1.4MARKET SCOPE38
1.4.1MARKET SEGMENTATION38
1.4.2REGIONAL SCOPE38
1.4.3YEARS CONSIDERED39
1.5CURRENCY CONSIDERED39
1.6DATA IN TERMS OF VOLUME39
1.7LIMITATIONS39
1.8STAKEHOLDERS40
1.9SUMMARY OF CHANGES40
1.10IMPACT OF RECESSION41
2RESEARCH METHODOLOGY42
2.1RESEARCH DATA42
FIGURE 1OFFSHORE SUPPORT VESSEL MARKET: RESEARCH DESIGN42
2.2MARKET BREAKDOWN AND DATA TRIANGULATION43
FIGURE 2DATA TRIANGULATION METHODOLOGY43
2.2.1SECONDARY DATA44
2.2.1.1Key data from secondary sources44
2.2.2PRIMARY DATA44
2.2.2.1Key data from primary sources45
2.2.2.2Breakdown of primaries45
FIGURE 3BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION46
2.3MARKET SIZE ESTIMATION46
2.3.1BOTTOM-UP APPROACH46
FIGURE 4OFFSHORE SUPPORT VESSEL MARKET: BOTTOM-UP APPROACH47
2.3.2TOP-DOWN APPROACH47
FIGURE 5OFFSHORE SUPPORT VESSEL MARKET: TOP-DOWN APPROACH48
2.3.3DEMAND-SIDE METRICS48
FIGURE 6METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR OFFSHORE SUPPORT VESSELS48
2.3.3.1Assumptions for demand-side analysis49
2.3.3.2Calculations49
2.3.4SUPPLY-SIDE ANALYSIS50
FIGURE 7METRICS CONSIDERED TO ASSESS SUPPLY OF OFFSHORE SUPPORT VESSELS50
FIGURE 8OFFSHORE SUPPORT VESSEL MARKET: SUPPLY-SIDE ANALYSIS51
2.3.4.1Assumptions and calculations51
FIGURE 9COMPANY REVENUE ANALYSIS, 202252
2.3.5FORECAST52
2.3.5.1Recession impact on investments in oil & gas sector52
3EXECUTIVE SUMMARY53
TABLE 1OFFSHORE SUPPORT VESSEL MARKET SHARE ANALYSIS FOR EACH SEGMENT, IN TERMS OF VALUE, 2023 VS. 202854
FIGURE 10ANCHOR-HANDLING TUG SUPPLY VESSELS TO HOLD MAJORITY OF OFFSHORE SUPPORT VESSEL MARKET SHARE, IN TERMS OF VALUE, THROUGHOUT FORECAST PERIOD55
FIGURE 11SHALLOW WATER APPLICATIONS TO DOMINATE OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, THROUGHOUT FORECAST PERIOD55
FIGURE 12OFFSHORE WIND INDUSTRY TO RECORD HIGHER CAGR IN OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, DURING FORECAST PERIOD56
FIGURE 13ASIA PACIFIC DOMINATED OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, IN 202257
4PREMIUM INSIGHTS58
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OFFSHORE SUPPORT VESSEL MARKET58
FIGURE 14INCREASED ULTRA-DEEPWATER EXPLORATION ACTIVITIES, ESPECIALLY IN ARCTIC REGION, TO DRIVE MARKET58
4.2OFFSHORE SUPPORT VESSEL MARKET, BY REGION59
FIGURE 15NORTH AMERICA TO WITNESS HIGHEST CAGR IN OFFSHORE SUPPORT VESSEL MARKET DURING FORECAST PERIOD59
4.3OFFSHORE SUPPORT VESSEL MARKET, BY TYPE59
FIGURE 16ANCHOR-HANDLING TUG SUPPLY VESSELS DOMINATED OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, IN 202259
4.4OFFSHORE SUPPORT VESSEL MARKET, BY APPLICATION60
FIGURE 17SHALLOW WATER SEGMENT DOMINATED OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, IN 202260
4.5OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY60
FIGURE 18OFFSHORE OIL & GAS SEGMENT DOMINATED OFFSHORE SUPPORT VESSEL MARKET, IN TERMS OF VALUE, IN 202260
4.6OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY AND COUNTRY61
FIGURE 19OFFSHORE OIL & GAS AND CHINA LED OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, IN TERMS OF VALUE, IN 202261
5MARKET OVERVIEW62
5.1INTRODUCTION62
5.2MARKET DYNAMICS62
FIGURE 20OFFSHORE SUPPORT VESSEL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES62
5.2.1DRIVERS63
5.2.1.1Increasing investments in offshore wind and oil & gas projects63
TABLE 2MAJOR OFFSHORE PROJECTS AND CONTRACTS63
FIGURE 21CUMULATIVE INSTALLED OFFSHORE WIND CAPACITY OF EUROPE, 2011–202264
FIGURE 22CUMULATIVE INSTALLED CAPACITY, BY SEA BASIN, 202065
5.2.2RESTRAINTS65
5.2.2.1Constant fluctuations in oil prices and requirement for huge capital to launch offshore support vessels65
FIGURE 23WEST TEXAS INTERMEDIATE (WTI) CRUDE OIL PRICE, JANUARY 2018–MARCH 202366
5.2.2.2Supply–demand gap in offshore support vessels66
FIGURE 24AVERAGE UTILIZATION RATE OF VESSELS, BY TYPE, JANUARY 202367
5.2.3OPPORTUNITIES67
5.2.3.1Decommissioning and replacement of aging offshore infrastructure67
5.2.3.2Increased ultra-deepwater exploration activities, especially in Arctic region68
5.2.4CHALLENGES69
5.2.4.1High operational risks for OSVs due to extreme offshore climatic conditions69
5.2.4.2Stringent regulations for offshore activities69
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS70
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROVIDERS OF OFFSHORE SUPPORT VESSELS70
FIGURE 25REVENUE SHIFT FOR OFFSHORE SUPPORT VESSEL PROVIDERS70
5.4VALUE/SUPPLY CHAIN ANALYSIS71
FIGURE 26OFFSHORE SUPPORT VESSEL MARKET: SUPPLY CHAIN ANALYSIS71
5.4.1OFFSHORE SUPPORT VESSEL PROVIDERS71
5.4.2BROKERS71
5.4.3END USERS71
TABLE 3LIST OF COMPANIES AND THEIR ROLE IN OFFSHORE SUPPORT VESSEL ECOSYSTEM72
5.5ECOSYSTEM MAPPING73
FIGURE 27OFFSHORE SUPPORT VESSEL MARKET MAP73
5.6TECHNOLOGY ANALYSIS73
5.6.1ADVANCEMENTS IN OFFSHORE SUPPORT VESSEL INDUSTRY73
5.6.1.1Digitalized offshore support vessels73
5.6.1.2Renewable energy transition74
5.6.1.3Remote operations74
5.7PRICING ANALYSIS74
5.7.1AVERAGE DAY RATE74
TABLE 4OFFSHORE SUPPORT VESSEL MARKET: NORTH SEA AVERAGE RATES (USD)74
5.8PATENT ANALYSIS75
5.8.1LIST OF MAJOR PATENTS75
TABLE 5OFFSHORE SUPPORT VESSEL: INNOVATION AND PATENT REGISTRATION, MAY 2015–APRIL 202375
5.9TARIFF AND REGULATORY FRAMEWORK77
5.9.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 6NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 7EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 8ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 9SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS78
TABLE 10MIDDLE EAST AND AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
5.9.2REGULATORY FRAMEWORK79
TABLE 11REGULATORY FRAMEWORK: OFFSHORE SUPPORT VESSEL MARKET, BY REGION79
5.10KEY CONFERENCES AND EVENTS, 2023–202480
TABLE 12OFFSHORE SUPPORT VESSEL MARKET: LIST OF CONFERENCES AND EVENTS80
5.11TRADE ANALYSIS81
5.11.1HS CODE 7281
5.11.1.1Export scenario81
TABLE 13EXPORT SCENARIO FOR HS CODE 72, BY COUNTRY, 2020–2022 (USD)81
FIGURE 28EXPORT DATA FOR HS CODE 72 IN TOP 5 COUNTRIES, 2020–2022 (USD)82
5.11.1.2Import scenario82
TABLE 14IMPORT SCENARIO FOR HS CODE 72, BY COUNTRY, 2020–2022 (USD)82
FIGURE 29IMPORT DATA FOR HS CODE 72 IN TOP 5 COUNTRIES, 2020–2022 (USD)83
5.11.2HS CODE 260683
5.11.2.1Export scenario84
TABLE 15EXPORT SCENARIO FOR HS CODE 2606, BY COUNTRY, 2020–2022 (USD)84
FIGURE 30EXPORT DATA FOR HS CODE 2606 IN TOP 5 COUNTRIES, 2020–2022 (USD)85
5.11.2.2Import scenario85
TABLE 16IMPORT SCENARIO FOR HS CODE 2606, BY COUNTRY, 2020–2022 (USD)85
FIGURE 31IMPORT DATA FOR HS CODE 2606 IN TOP 5 COUNTRIES, 2020–2022 (USD)86
5.11.3HS CODE 701986
5.11.3.1Export scenario86
TABLE 17EXPORT SCENARIO FOR HS CODE 7019, BY COUNTRY, 2020–2022 (USD)87
FIGURE 32EXPORT DATA FOR HS CODE 7019 OF TOP 5 COUNTRIES, 2020–2022 (USD)88
5.11.3.2Import scenario88
TABLE 18IMPORT SCENARIO FOR HS CODE: 7019, BY COUNTRY, 2020–2022 (USD)88
FIGURE 33IMPORT DATA FOR HS CODE 7019 IN TOP 5 COUNTRIES, 2020–2022 (USD)89
5.12CASE STUDY ANALYSIS89
5.12.1ATZ MARINE TECHNOLOGIES RETROFITTED PORT SHAFT OF VROON VESSEL89
5.12.1.1Problem statement89
5.12.1.2Solution89
5.12.2EIDESVIK OFFSHORE IMPROVED ITS ENERGY EFFICIENCY IN VESSELS WITH ONBOARD BATTERY ENERGY STORAGE SYSTEM90
5.12.2.1Problem statement90
5.12.2.2Solution90
5.13PORTER'S FIVE FORCES ANALYSIS90
FIGURE 34OFFSHORE SUPPORT VESSEL MARKET: PORTER’S FIVE FORCES ANALYSIS91
TABLE 19OFFSHORE SUPPORT VESSEL MARKET: PORTER’S FIVE FORCES ANALYSIS91
5.13.1BARGAINING POWER OF BUYERS91
5.13.2BARGAINING POWER OF SUPPLIERS92
5.13.3THREAT OF SUBSTITUTES92
5.13.4INTENSITY OF COMPETITIVE RIVALRY92
5.13.5THREAT OF NEW ENTRANTS92
5.14KEY STAKEHOLDERS AND BUYING CRITERIA93
5.14.1KEY STAKEHOLDERS IN BUYING PROCESS93
FIGURE 35INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION93
TABLE 20INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION93
5.14.2BUYING CRITERIA94
FIGURE 36KEY BUYING CRITERIA FOR APPLICATION OF OFFSHORE SUPPORT VESSELS94
TABLE 21KEY BUYING CRITERIA, BY APPLICATION94
6MATERIALS USED TO BUILD OFFSHORE SUPPORT VESSELS95
6.1INTRODUCTION95
6.2OFFSHORE SUPPORT VESSEL MATERIALS95
6.2.1STEEL95
6.2.2ALUMINUM95
6.2.3FIBERGLASS96
6.2.4COMPOSITE MATERIALS96
6.2.5WOOD96
6.3CLADDING MATERIALS96
6.3.1STAINLESS STEEL96
6.3.2ALUMINUM97
6.3.3COPPER-NICKEL ALLOYS97
6.3.4TITANIUM97
6.3.5INCONEL97
7FUELS USED IN OFFSHORE SUPPORT VESSELS98
7.1INTRODUCTION98
7.2FUEL OIL98
7.3LIQUIFIED NATURAL GAS (LNG)98
8OFFSHORE SUPPORT VESSEL MARKET, BY TYPE99
8.1INTRODUCTION100
FIGURE 37ANCHOR-HANDLING TUG SUPPLY VESSELS HELD LARGEST MARKET SHARE, IN TERMS OF VALUE, IN 2022100
8.2VOLUME- AND VALUE-BASED MARKET ANALYSIS100
8.2.1BY VOLUME101
TABLE 22SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2017–2022 (UNITS)101
TABLE 23SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2023–2028 (UNITS)101
TABLE 24DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2017–2022 (UNITS)102
TABLE 25DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2023–2028 (UNITS)102
8.2.2BY VALUE102
TABLE 26OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2017–2022 (USD MILLION)103
TABLE 27OFFSHORE SUPPORT VESSEL MARKET, BY TYPE, 2023–2028 (USD MILLION)103
8.3ANCHOR-HANDLING TUG SUPPLY VESSELS103
8.3.1RISING SHALLOW WATER ACTIVITIES TO DRIVE DEMAND FOR ANCHOR-HANDLING TUG SUPPLY VESSELS103
8.3.2BY VOLUME104
TABLE 28SUPPLY SIDE: ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (UNITS)104
TABLE 29SUPPLY SIDE: ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (UNITS)104
TABLE 30DEMAND SIDE: ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (UNITS)105
TABLE 31DEMAND SIDE: ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (UNITS)105
8.3.3BY VALUE105
TABLE 32ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)105
TABLE 33ANCHOR-HANDLING TUG SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)106
8.4PLATFORM SUPPLY VESSELS106
8.4.1INCREASING OFFSHORE OIL AND GAS DRILLING OPERATIONS TO GENERATE DEMAND FOR PLATFORM SUPPLY VESSELS106
8.4.2BY VOLUME107
TABLE 34SUPPLY SIDE: PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (UNITS)107
TABLE 35SUPPLY SIDE: PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (UNITS)107
TABLE 36DEMAND SIDE: PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (UNITS)107
TABLE 37DEMAND SIDE: PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (UNITS)108
8.4.3BY VALUE108
TABLE 38PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)108
TABLE 39PLATFORM SUPPLY VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)108
8.5MULTIPURPOSE SUPPORT VESSELS109
8.5.1HIGH INVESTMENTS IN OFFSHORE OIL & GAS SECTOR TO FUEL DEMAND FOR MULTIPURPOSE SUPPORT VESSELS109
8.5.2BY VOLUME109
TABLE 40SUPPLY SIDE: MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (UNITS)109
TABLE 41SUPPLY SIDE: MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (UNITS)110
TABLE 42DEMAND SIDE: MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (UNITS)110
TABLE 43DEMAND SIDE: MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (UNITS)110
8.5.3BY VALUE111
TABLE 44MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)111
TABLE 45MULTIPURPOSE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)111
8.6STANDBY & RESCUE VESSELS111
8.6.1STRINGENT REGULATIONS TO ENSURE SAFE AND SECURE OFFSHORE OPERATIONS TO INCREASE REQUIREMENT FOR STANDBY & RESCUE VESSELS111
8.6.2BY VOLUME112
TABLE 46SUPPLY SIDE: STANDBY & RESCUE VESSEL MARKET, BY REGION, 2017–2022 (UNITS)112
TABLE 47SUPPLY SIDE: STANDBY & RESCUE VESSEL MARKET, BY REGION, 2023–2028 (UNITS)112
TABLE 48DEMAND SIDE: STANDBY & RESCUE VESSEL MARKET, BY REGION, 2017–2022 (UNITS)112
TABLE 49DEMAND SIDE: STANDBY & RESCUE VESSEL MARKET, BY REGION, 2023–2028 (UNITS)113
8.6.3BY VALUE113
TABLE 50STANDBY & RESCUE VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)113
TABLE 51STANDBY & RESCUE VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)113
8.7CREW VESSELS114
8.7.1INCREASING OFFSHORE RIG ACTIVITIES IN ASIA PACIFIC AND MIDDLE EAST TO PROPEL SEGMENTAL GROWTH114
8.7.2BY VOLUME114
TABLE 52SUPPLY SIDE: CREW VESSEL MARKET, BY REGION, 2017–2022 (UNITS)114
TABLE 53SUPPLY SIDE: CREW VESSEL MARKET, BY REGION, 2023–2028 (UNITS)114
TABLE 54DEMAND SIDE: CREW VESSEL MARKET, BY REGION, 2017–2022 (UNITS)115
TABLE 55DEMAND SIDE: CREW VESSEL MARKET, BY REGION, 2023–2028 (UNITS)115
8.7.3BY VALUE115
TABLE 56CREW VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)115
TABLE 57CREW VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)116
8.8SEISMIC VESSELS116
8.8.1UNRELENTING EFFORTS TO LOCATE UNDISCOVERED OIL AND GAS RESERVES TO DRIVE DEMAND FOR SEISMIC VESSELS116
8.8.2BY VOLUME117
TABLE 58SUPPLY SIDE: SEISMIC VESSEL MARKET, BY REGION, 2017–2022 (UNITS)117
TABLE 59SUPPLY SIDE: SEISMIC VESSEL MARKET, BY REGION, 2023–2028 (UNITS)117
TABLE 60DEMAND SIDE: SEISMIC VESSEL MARKET, BY REGION, 2017–2022 (UNITS)117
TABLE 61DEMAND SIDE: SEISMIC VESSEL MARKET, BY REGION, 2023–2028 (UNITS)118
8.8.3BY VALUE118
TABLE 62SEISMIC VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)118
TABLE 63SEISMIC VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)118
8.9CHASE VESSELS119
8.9.1RISING NEED TO PROTECT SURVEY EQUIPMENT TO SUPPORT INSTALLATION OF CHASE VESSELS119
8.9.2BY VOLUME119
TABLE 64SUPPLY SIDE: CHASE VESSEL MARKET, BY REGION, 2017–2022 (UNITS)119
TABLE 65SUPPLY SIDE: CHASE VESSEL MARKET, BY REGION, 2023–2028 (UNITS)119
TABLE 66DEMAND SIDE: CHASE VESSEL MARKET, BY REGION, 2017–2022 (UNITS)120
TABLE 67DEMAND SIDE: CHASE VESSEL MARKET, BY REGION, 2023–2028 (UNITS)120
8.9.3BY VALUE120
TABLE 68CHASE VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)120
TABLE 69CHASE VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)121
8.10OTHER VESSELS121
8.10.1BY VOLUME122
TABLE 70SUPPLY SIDE: OTHER VESSELS MARKET, BY REGION, 2017–2022 (UNITS)122
TABLE 71SUPPLY SIDE: OTHER VESSELS MARKET, BY REGION, 2023–2028 (UNITS)122
TABLE 72DEMAND SIDE: OTHER VESSELS MARKET, BY REGION, 2017–2022 (UNITS)122
TABLE 73DEMAND SIDE: OTHER VESSELS MARKET, BY REGION, 2023–2028 (UNITS)123
8.10.2BY VALUE123
TABLE 74OTHER VESSELS MARKET, BY REGION, 2017–2022 (USD MILLION)123
TABLE 75OTHER VESSELS MARKET, BY REGION, 2023–2028 (USD MILLION)123
9OFFSHORE SUPPORT VESSEL MARKET, BY APPLICATION124
9.1INTRODUCTION125
FIGURE 38SHALLOW WATER SEGMENT ACCOUNTED FOR LARGER SHARE OF OFFSHORE SUPPORT VESSEL MARKET IN 2022125
TABLE 76OFFSHORE SUPPORT VESSEL MARKET, BY APPLICATION, 2017–2022 (USD MILLION)125
TABLE 77OFFSHORE SUPPORT VESSEL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)125
9.2SHALLOW WATER126
9.2.1INCREASING INVESTMENTS IN OFFSHORE SHALLOW WATER PROJECTS TO DRIVE MARKET126
TABLE 78SHALLOW WATER: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)126
TABLE 79SHALLOW WATER: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)127
9.3DEEPWATER127
9.3.1NEW DRILLING ACTIVITIES IN DEEPWATER OFFSHORE AREAS TO FUEL MARKET127
TABLE 80DEEPWATER: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)128
TABLE 81DEEPWATER: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)128
10OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY129
10.1INTRODUCTION130
FIGURE 39OFFSHORE OIL & GAS SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2022130
TABLE 82OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)130
TABLE 83OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)130
10.2OFFSHORE OIL & GAS131
10.2.1INCREASING NUMBER OF OIL AND GAS DECOMMISSIONING PROJECTS TO BOOST DEMAND FOR OFFSHORE SUPPORT VESSELS131
TABLE 84OFFSHORE OIL & GAS: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)131
TABLE 85OFFSHORE OIL & GAS: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)131
10.3OFFSHORE WIND132
10.3.1RISING INSTALLATION OF OFFSHORE WIND FARMS IN EUROPE TO DRIVE MARKET132
TABLE 86OFFSHORE WIND: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)132
TABLE 87OFFSHORE WIND: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)133
11OFFSHORE SUPPORT VESSEL MARKET, BY REGION134
11.1INTRODUCTION135
FIGURE 40OFFSHORE SUPPORT VESSEL MARKET SHARE, BY REGION, 2022 (%)135
FIGURE 41NORTH AMERICA TO REGISTER HIGHEST CAGR IN OFFSHORE SUPPORT VESSEL MARKET DURING FORECAST PERIOD135
11.2VOLUME- AND VALUE-BASED MARKET ANALYSIS136
11.2.1BY VOLUME136
TABLE 88SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (UNITS)136
TABLE 89SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (UNITS)136
TABLE 90DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (UNITS)136
TABLE 91DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (UNITS)137
11.2.2BY VALUE137
TABLE 92OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2017–2022 (USD MILLION)137
TABLE 93OFFSHORE SUPPORT VESSEL MARKET, BY REGION, 2023–2028 (USD MILLION)137
11.3ASIA PACIFIC138
11.3.1RECESSION IMPACT: ASIA PACIFIC138
FIGURE 42SNAPSHOT: OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC139
11.3.2BY TYPE140
11.3.2.1By volume140
TABLE 94SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2017–2022 (UNITS)140
TABLE 95SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2023–2028 (UNITS)140
TABLE 96DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2017–2022 (UNITS)141
TABLE 97DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2023–2028 (UNITS)141
11.3.2.2By value142
TABLE 98OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2017–2022 (USD MILLION)142
TABLE 99OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY TYPE, 2023–2028 (USD MILLION)142
11.3.3BY APPLICATION143
TABLE 100OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY APPLICATION, 2017–2022 (USD MILLION)143
TABLE 101OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY APPLICATION, 2023–2028 (USD MILLION)143
11.3.4BY END-USER INDUSTRY143
TABLE 102OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)143
TABLE 103OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)143
11.3.5BY COUNTRY144
TABLE 104OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2017–2022 (USD MILLION)144
TABLE 105OFFSHORE SUPPORT VESSEL MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)144
11.3.5.1China144
11.3.5.1.1Increasing need for advanced ships in oil and gas drilling activities to boost market144
TABLE 106CHINA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)145
TABLE 107CHINA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)145
11.3.5.2India145
11.3.5.2.1Developments in oil & gas sector to boost demand for offshore support vessels145
TABLE 108INDIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)145
TABLE 109INDIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)146
11.3.5.3Malaysia146
11.3.5.3.1Discovery of new oilfields to offer growth opportunities to OSV providers146
TABLE 110MALAYSIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)146
TABLE 111MALAYSIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)147
11.3.5.4Thailand147
11.3.5.4.1Rising investments to boost oil & gas production to fuel demand for offshore support vessels147
TABLE 112THAILAND: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)147
TABLE 113THAILAND: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)147
11.3.5.5Vietnam148
11.3.5.5.1Government initiatives to phase out coal power to support market growth148
TABLE 114VIETNAM: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)148
TABLE 115VIETNAM: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)148
11.3.5.6Rest of Asia Pacific148
TABLE 116REST OF ASIA PACIFIC: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)149
TABLE 117REST OF ASIA PACIFIC: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)149
11.4EUROPE149
11.4.1RECESSION IMPACT: EUROPE150
FIGURE 43SNAPSHOT: OFFSHORE SUPPORT VESSEL MARKET IN EUROPE151
11.4.2BY TYPE152
11.4.2.1By volume152
TABLE 118SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2017–2022 (UNITS)152
TABLE 119SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2023–2028 (UNITS)152
TABLE 120DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2017–2022 (UNITS)153
TABLE 121DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2023–2028 (UNITS)153
11.4.2.2By value154
TABLE 122OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2017–2022 (USD MILLION)154
TABLE 123OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY TYPE, 2023–2028 (USD MILLION)154
11.4.3BY APPLICATION154
TABLE 124OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY APPLICATION, 2017–2022 (USD MILLION)154
TABLE 125OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY APPLICATION, 2023–2028 (USD MILLION)155
11.4.4BY END-USER INDUSTRY155
TABLE 126OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)155
TABLE 127OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)155
11.4.5BY COUNTRY155
TABLE 128OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY COUNTRY, 2017–2022 (USD MILLION)155
TABLE 129OFFSHORE SUPPORT VESSEL MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)156
11.4.5.1UK156
11.4.5.1.1Rapid developments in offshore wind farm projects to drive market156
TABLE 130UK: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)156
TABLE 131UK: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)156
11.4.5.2Norway157
11.4.5.2.1Government initiatives to mine its continental shelf to generate need for offshore support vessels157
TABLE 132NORWAY: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)157
TABLE 133NORWAY: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)157
11.4.5.3Netherlands158
11.4.5.3.1Increased focus on offshore windfarm development to support market growth158
TABLE 134NETHERLANDS: OFFSHORE SUPPORT VESSEL MARKET IN, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)158
TABLE 135NETHERLANDS: OFFSHORE SUPPORT VESSEL MARKET IN, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)158
11.4.5.4Rest of Europe158
TABLE 136REST OF EUROPE: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)159
TABLE 137REST OF EUROPE: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)159
11.5NORTH AMERICA159
11.5.1RECESSION IMPACT: NORTH AMERICA159
11.5.2BY TYPE160
11.5.2.1By volume160
TABLE 138SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2017–2022 (UNITS)160
TABLE 139SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2023–2028 (UNITS)160
TABLE 140DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2017–2022 (UNITS)161
TABLE 141DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2023–2028 (UNITS)161
11.5.2.2By value162
TABLE 142OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2017–2022 (USD MILLION)162
TABLE 143OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY TYPE, 2023–2028 (USD MILLION)162
11.5.3BY APPLICATION163
TABLE 144OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2022 (USD MILLION)163
TABLE 145OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY APPLICATION, 2023–2028 (USD MILLION)163
11.5.4BY END-USER INDUSTRY163
TABLE 146OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)163
TABLE 147OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)163
11.5.5BY COUNTRY164
TABLE 148OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2022 (USD MILLION)164
TABLE 149OFFSHORE SUPPORT VESSEL MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)164
11.5.5.1US164
11.5.5.1.1Increasing installations of offshore wind farm vessels to boost market164
TABLE 150US: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)165
TABLE 151US: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)165
11.5.5.2Canada165
11.5.5.2.1Government initiatives to promote renewable energy to contribute to market growth165
TABLE 152CANADA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)165
TABLE 153CANADA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)166
11.5.5.3Mexico166
11.5.5.3.1Increasing deepwater activities in Gulf of Mexico to accelerate market growth166
TABLE 154MEXICO: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)166
TABLE 155MEXICO: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)166
11.6SOUTH AMERICA167
11.6.1RECESSION IMPACT: SOUTH AMERICA167
11.6.2BY TYPE167
11.6.2.1By volume167
TABLE 156SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2017–2022 (UNITS)167
TABLE 157SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2023–2028 (UNITS)168
TABLE 158DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2017–2022 (UNITS)168
TABLE 159DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2023–2028 (UNITS)169
11.6.2.2By value169
TABLE 160OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2017–2022 (USD MILLION)169
TABLE 161OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY TYPE, 2023–2028 (USD MILLION)170
11.6.3BY APPLICATION170
TABLE 162OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2022 (USD MILLION)170
TABLE 163OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY APPLICATION, 2023–2028 (USD MILLION)170
11.6.4BY END-USER INDUSTRY171
TABLE 164OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)171
TABLE 165OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)171
11.6.5BY COUNTRY171
TABLE 166OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY COUNTRY, 2017–2022 (USD MILLION)171
TABLE 167OFFSHORE SUPPORT VESSEL MARKET IN SOUTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)171
11.6.5.1Brazil172
11.6.5.1.1Recent FPSO projects to support market growth172
TABLE 168BRAZIL: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)172
TABLE 169BRAZIL: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)172
11.6.5.2Rest of South America172
TABLE 170REST OF SOUTH AMERICA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)173
TABLE 171REST OF SOUTH AMERICA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)173
11.7MIDDLE EAST173
11.7.1RECESSION IMPACT: MIDDLE EAST174
11.7.2BY TYPE174
11.7.2.1By volume174
TABLE 172SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2017–2022 (UNITS)174
TABLE 173SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2023–2028 (UNITS)174
TABLE 174DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2017–2022 (UNITS)175
TABLE 175DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2023–2028 (UNITS)175
11.7.2.2By value176
TABLE 176OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2017–2022 (USD MILLION)176
TABLE 177OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY TYPE, 2023–2028 (USD MILLION)176
11.7.3BY APPLICATION177
TABLE 178OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY APPLICATION, 2017–2022 (USD MILLION)177
TABLE 179OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY APPLICATION, 2023–2028 (USD MILLION)177
11.7.4BY END-USER INDUSTRY177
TABLE 180OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)177
TABLE 181OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)177
11.7.5BY COUNTRY178
TABLE 182OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY COUNTRY, 2017–2022 (USD MILLION)178
TABLE 183OFFSHORE SUPPORT VESSEL MARKET IN MIDDLE EAST, BY COUNTRY, 2023–2028 (USD MILLION)178
11.7.5.1Saudi Arabia178
11.7.5.1.1Recent oilfield developments to contribute to market growth178
TABLE 184SAUDI ARABIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)179
TABLE 185SAUDI ARABIA: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)179
11.7.5.2UAE179
11.7.5.2.1Rapid development of offshore oilfields to boost demand for support vessels179
TABLE 186UAE: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)179
TABLE 187UAE: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)180
11.7.5.3Qatar180
11.7.5.3.1Rising investments in offshore activities to support market growth180
TABLE 188QATAR: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)180
TABLE 189QATAR: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)180
11.7.5.4Rest of Middle East181
TABLE 190REST OF MIDDLE EAST: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2017–2022 (USD MILLION)181
TABLE 191REST OF MIDDLE EAST: OFFSHORE SUPPORT VESSEL MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)181
11.8AFRICA181
11.8.1RECESSION IMPACT: AFRICA182
11.8.2BY TYPE182
11.8.2.1By volume182
TABLE 192SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2017–2022 (UNITS)182
TABLE 193SUPPLY SIDE: OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2023–2028 (UNITS)182
TABLE 194DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2017–2022 (UNITS)183
TABLE 195DEMAND SIDE: OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2023–2028 (UNITS)183
11.8.2.2By value184
TABLE 196OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2017–2022 (USD MILLION)184
TABLE 197OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY TYPE, 2023–2028 (USD MILLION)184
11.8.3BY APPLICATION184
TABLE 198OFFSHORE SUPPORT VESSEL MARKET IN AFRICA, BY APPLICATION, 2017–2022 (USD MILLION)18