Offshore Support Vessel Market Is Expected to Reach $71,235.5 Million by 2019

Offshore Support Vessel Market by Type (Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel, Crew Vessel, & Others), by Depth (Shallow & Deepwater), & by Region - Global Forecast to 2020


Pune, India -- (SBWIRE) -- 02/03/2016 -- The report "Offshore Support Vessel Market - Global Trends to 2019", defines and segments the offshore support vessel market with analysis and forecasting of the global revenue.

Browse 70 market data tables and 20 figures spread through 150 pages and in-depth TOC on Offshore Support Vessel Market - Global Trends to 2019.

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Offshore support vessel market is mainly driven by growing offshore exploration and production activities. Furthermore, due to increasing demand of oil & gas, offshore support vessel market is expected to grow immensely. The regions in Asia-Pacific such as China, Malaysia, Australia and Southeast Asia demand more volume of offshore support vessels. Thus these regions provide a big opportunity for the OSV manufacturers.

The market has been estimated from demand side. This report breaks the market into different types of vessel segments. In order to provide a deeper understanding of the competitive landscape, the report profiles the 15 companies in the offshore support vessel market.

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Offshore support vessel manufacturers are constantly trying to modify the vessels in order to increase their market share, which in turn helps them to bag bulk supply contracts. Formation of distribution agreements and new products launched are some key strategies being followed by leading industry players to increase their market penetration in various regions.

Key Players of Market:
Some of the leading players in the offshore support vessel market include Bourbon SA (France), Farstad Shipping ASA (Norway), Seacor Marine LLC (U.S.), Swire Group Ltd. (Hong Kong), Tidewater Inc. (U.S.), among others. Contracts & agreements was the most commonly used strategy by top players in the market, constituting more than half of the total development share.

The report forecasts revenue of offshore support vessel market and its various submarkets with respect to seven main regions such North America, South America, Europe, Asia-Pacific, West & South America, Middle East and Rest of the World (ROW). The Rest of the World (ROW) includes Far East, Black and Mediterranean Sea area and prominently with other regions excluding Europe, Asia-Pacific, and South America. Offshore support vessel market is estimated to grow from $38,718.6 million in 2013 to $ 71,235.5 million by 2019, with a CAGR of 11.3% from 2014 to 2019.

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