According to IMARC Group’s latest report, titled “Offshore Support Vessel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global offshore support vessel market reached a value of US$ 39.57 Billion in 2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during 2021-2026.
Offshore support vessels are marine vessels used for transporting goods, supplies and equipment during subsea exploration and construction activities. These ships help locate and inspect oil and gas-bearing areas, towing and positioning rigs and platforms, and providing maintenance services. Offshore support vessels include small boats that respond to emergencies at offshore installations and provide transportation, anchor control, and platform support.
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A significant increase in oil and gas exploratory activities is one of the key factors driving the growth of the global offshore support vessel market growth. The rising need for support vessels in the production of offshore drilling, casting and cement transportation is further boosting the market growth. Additionally, the integration of dynamic positioning (DP) systems in marine vessels is another growth-inducing factor in the market. Other factors, such as rapid technological advancements in the manufacturing processes and extensive research and development (R&D) activities, are creating a positive outlook for the market.
Offshore Support Vessel Market 2021-2026 Segmentation and Competitive Analysis:
The report has segmented the global offshore support vessel market on the basis of type, water depth, fuel, service type, application and region.
Breakup by Type:
Breakup by Water Depth:
Breakup by Fuel:
Breakup by Service Type:
Breakup by Application:
Breakup by Region:
Competitive Landscape with Key Players:
The competitive landscape of the offshore support vessel market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Key highlights of the report:
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