PUBLISHER: TechNavio | PRODUCT CODE: 1270866
PUBLISHER: TechNavio | PRODUCT CODE: 1270866
Technavio has been monitoring the offshore support vessel market and is forecast to grow by USD 525.58 mn during 2022-2027, accelerating at a CAGR of 5.41% during the forecast period. Our report on the offshore support vessel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in global demand for oil and natural gas, a rise in deep-water and ultra-deep-water e and p activities, and an increase in global offshore oil and gas exploration activities.
Technavio's offshore support vessel market is segmented as below:
By Application
By Product
By Geographical Landscape
This study identifies the reduction in the cost of offshore e and p activities as one of the prime reasons driving the offshore support vessel market growth during the next few years. Also, under capacity in the global offshore support vessel market and rapidly increasing demand for offshore support vessels used in E and P and well development will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore support vessel market vendors that include AP Moller Maersk AS, BOURBON Corp, China National Offshore Oil Corp., COSCO Shipping Co. Ltd., Damen Shipyards Group, DP World, Eastern Shipbuilding Group Inc., Edison Chouest Offshore Co., Fincantieri Spa, Harvey Gulf International Marine LLC, Hornbeck Offshore Services Inc., John Swire and Sons Ltd., Kawasaki Kisen Kaisha Ltd., Nam Cheong Ltd., Reliance Naval and Engineering Ltd., Siem Offshore Inc., Singapore Technologies Engineering Ltd., Solstad Offshore ASA, Tidewater Inc., and Zamil Offshore Services Co.. Also, the offshore support vessel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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