Europe Offshore Support Vessels Market Share, Growth, Scope and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Europe Offshore Support Vessels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.”, The Europe offshore support vessels market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.93% during 2023-2028.

Offshore support vessels refer to the marine infrastructures used for carrying goods, resources, and equipment during subsea exploration and construction activities. These support vessels majorly include diving support, crane, pipe laying vessels, seismic survey ships, and platform supply vessels (PSVs). They are used for locating and examining oil and gas-bearing fields, towing or positioning rigs/platforms, supplying maintenance facilities, etc. Offshore support vessels also comprise of powerful small-sized boats that aid in emergencies at offshore installations. They also provide other services, including transportation, anchor management, platform support, etc.

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Europe Offshore Support Vessels Market Trends:

Growing offshore exploratory activities in the oil and gas industry are primarily driving the European market. Furthermore, the rising demand for PSVs during the production stage of offshore drilling has augmented the market for offshore support vessels in the region. Additionally, various technological developments in vessel manufacturing have led to the integration of Dynamic Positioning (DP) systems in marine installations. Several regional manufacturers are launching digitalized vessels to automate the controlling process of propellers and thrusters. Additionally, rapid industrialization, coupled with rising investments for upgrading marine infrastructures, is anticipated to bolster the growth of the Europe offshore support vessels market. Looking forward, IMARC Group expects the Europe offshore support vessels market to continue its robust growth during the forecast period (2021-2026).

Key Market Segmentation:

The report has categorized the market based on type, water depth, fuel, service type and application.

Breakup by Type:

  • Anchor Handling Towing Supply Vessel
  • Platform Supply Vessel
  • Fast Supply Intervention Vessel
  • Multi-Purpose Service Vessel
  • Others

Breakup by Water Depth:

  • Shallow Water
  • Deepwater

Breakup by Fuel:

  • Fuel Oil
  • LNG

Breakup by Service Type:

  • Technical Services
  • Inspection & Survey
  • Crew Management
  • Logistics & Cargo Management
  • Anchor Handling & Seismic Support
  • Others

Breakup by Application:

  • Oil and Gas Applications
  • Offshore Applications

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others

Key Highlights of the Report:                                                    

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Europe Offshore Support Vessels Market Share, Growth, Scope and Forecast 2023-2028
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