Global Offshore Support Vessel Market to Grow at a CAGR of 5.05% During the Period 2017-2021

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Albany, NY -- (SBWIRE) -- 03/24/2017 -- An offshore supply vessel is a sea motor vessel used for transporting cargos, goods, supplies, crews, and offshore exploration and production (E&P) across oil platforms. OSVs support marine offshore drilling activities through transportation of offshore energy resources, and they also facilitate the installation process of oil rigs. They are mostly used by oil and gas companies for E&P activities. The OSVs are operated by ship owners or by companies that take OSVs on lease. In addition, the OSVs facilitate maritime logistics operations for different industries such as subsea and deepwater mining.

Technavios analysts forecast the global offshore support vessel market to grow at a CAGR of 5.05% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global offshore support vessel market for 2017-2021. To calculate the market size, the report considers the revenue generated by vendors of OSV service providers in the different OSV type.

The market is divided into the following segments based on geography:

Technavio's report, Global Offshore Support Vessel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Edison Chouset Offshore
Swire Pacific Offshore

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Other prominent vendors
Abdon Callais Offshore
ABG Shipyard
Bass Marine
Bharati Shipyard
BP Shipping
China Oilfield Services
Deep-Sea Supply
Eastern Shipbuilding
Farstad Shipping
Gulfmark Offshore
Halul Offshore Services
Harvey Gulf International Marine
Havila Shipping
Hornbeck Offshore
Island Offshore Management
KG Offshore Services
Maersk Supply Service
Nam Cheong
Odyssea Marine
Pacific Richfield
Rem Maritime
Sanko Line
Siem Offshore
Simon Mkster Shipping
Solstad Offshore
Topaz Energy and Marine
Trico Marine Services
Vroon Group
Whitesea Shipping and Supply
Zakher Marine
Zamil Operations

Market driver
Geographical diversification of crude oil markets.
For a full, detailed list, view our report

Market challenge
High injury rates and vulnerability to natural phenomena.
For a full, detailed list, view our report

Market trend
Increasing demand for higher-capacity and LNG-fueled vessels.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?