The global offshore supply vessel market to grow at a CAGR of 6.61% during the period 2018-2022.
The global offshore supply vessel market facilitates the transportation and other activities in the oil and gas drilling exploration sites.
Global Offshore Supply Vessel Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. This industry research report provides a detailed analysis of the market by product (AHTS, PSV, FSIV, MPSV, and other OSVs).
Deep-water activities have increased globally, which in turn have resulted in a demand for high capacity vessels with high engine capacity, high propeller efficiency, high bollard pull, large decks, large below-deck space, helipad space, and strong winches. The demand for LNG fueled OSV's is also increasing since LNG is more cost effective and eco-friendly than diesel. These trends are expected to contribute to the growth of the offshore supply vessel market during the forecast period.
According to the report, one of the major drivers for this market is the increasing number of offshore oil and gas drills globally. Recovery of oil prices has seen increased E&P activities in regions such as the US and the Gulf of Mexico. Onshore and offshore drilling activities have also improved in Canada, Europe and APAC. This will create a demand for offshore supply vessels for transporting various drilling equipment such as drilling rigs, drill pipes, mud tanks, and blowout preventer, thus leading to the growth of the market.
Further, the report states that one of the major factors hindering the growth of this market is the increase in operational costs of offshore supply vessel. Huge capital investments and infrastructure is required for building and maintaining OSV fleet. The maintenance costs of OSV is very high due to the presence of various high cost components such as engine maintenance, crew expenses and repair and operations (MRO) expenses. Moreover, the increasing depreciation of OSV value is reducing the profit margins of OSV operators, which in turn is impeding the market growth.
Edison Chouest Offshore
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Increasing demand for high-capacity and LNG-fueled OSVs