ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
Related topics
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Insights on the Offshore Support Vessels Global Market to 2027 - Featuring Maersk, Siem Offshore and Tidewater Among Others - ResearchAndMarkets.com

September 3, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Sep 3, 2021--

The “Offshore Support Vessels - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Offshore Support Vessels estimated at US$20.5 Billion in the year 2020, is projected to reach a revised size of US$28.5 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.

Anchor-handling Tug Supply Vessels, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$9.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Platform Supply Vessels segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

ADVERTISEMENT

The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 4.5% CAGR

The Offshore Support Vessels market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Multipurpose Supply Vessels Segment to Record 5.5% CAGR

In the global Multipurpose Supply Vessels segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2027.

Select Competitors (Total 48 Featured):

  • BOURBON Corporation SA
  • Grupo CBO
  • GulfMark Offshore, Inc.
  • Havila Shipping ASA
  • John Swire & Sons (H.K.) Ltd.
  • Maersk A/S
  • SEACOR Marine Holdings, Inc.
  • Siem Offshore Inc.
  • Solstad Offshore ASA
  • Tidewater Inc.
  • Vroon B.V.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

ADVERTISEMENT

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bkxc7i

View source version on businesswire.com:https://www.businesswire.com/news/home/20210903005377/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT MARITIME

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 09/03/2021 12:26 PM/DISC: 09/03/2021 12:26 PM

http://www.businesswire.com/news/home/20210903005377/en