Transparency Market Research has published a new report "Offshore Support Vessels Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 - 2023 " to its report store.
Albany, NY -- (SBWIRE) -- 12/29/2015 -- The report provides a thorough analysis of the global offshore support vessels market and concludes with a concise trajectory of the market's growth.
In-depth research report on Offshore Support Vessels Market with Full TOC at:
According to the report, the primary growth driver for the global offshore support vessels market is the increased investments made in offshore oil exploration and production. The report states that the macro drivers of the global offshore support vessels market include a strong OSV demand, increasing offshore exploration activities due to a maturing onshore industry, and rising global energy demands.
The global offshore support vessels market is benefitting heavily through the larger investments made in the Gulf of Mexico, the North Sea, and West Africa. The report explains that the Americas are expected to be the leading regions in terms of revenue generated in the near future. The increase in number of offshore rigs is considerably boosting the scope of growth for the global offshore support vessels market. The market is further boosted by a growing demand for marine logistics.
Growth in the global offshore support vessels market comes from a consistent rate of modifications made to vessels by manufacturers in order to improve the quality of marine vessels. Companies offering such services are the ones vying for a greater share in the market through innovation.
One of the more common expansion strategies applied in the global offshore support vessels market, especially by top companies, is the launch of new products along with distribution agreements in order to increase individual players' market penetration in different regions.
The report also provides extensive details on the factors that restrain the global offshore support vessels market, including high cost of maintenance along with a high cost of replacement of offshore support vessels. At the same time, the global offshore support vessels market is also hindered by the growing environmental concerns over the use of materials that are harmful to the environment. There is an increasing emphasis on eco-friendly measures to be taken by the global offshore support vessels market, including clean designs. Government regulations are expected to grow stricter in some regions, especially in the North Sea.
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The competitive landscape of the global offshore support vessels market includes contract agreements, development of new technologies, acquisitions, mergers, investment opportunities, and expansion plans as the most common forms of strategies adopted.
Key players in the global offshore support vessels market include Rem Maritime AS, China Yantai Salvage, Bass Marine Pty Ltd, Bourbon Offshore Marine services, Farstad Shipping ASA, Abdon Callais Offshore, Harvey Gulf, Island Offshore Management AS, Havila Shipping ASA, Gulfmark Offshore Inc., Edison Chouest Offshore, and Intermarine LLC.
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