The global offshore support vessels market is anticipated to grow at a CAGR of 4.8% during the forecast period. The rising international trade through ocean routes is the major factor driving the growth of the offshore support vessels market. According to the United Nations Conference on Trade and Development, around 80% of global trade by volume and over 70% of global trade by value are carried by sea and are handled by ports globally in 2018.
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However, the trade tensions between China and the US, as well as those between the US and Russia are escalating trade frictions that may lead to a trade war that could derail the recovery, reshape global maritime trade patterns, and dampen the outlook. This may hamper the growth of the market during the forecast period. Moreover, However, the rising maritime accidents are a major challenging factor for the market growth. According to the Allianz SE, a total of 2,185 shipping accidents were recorded in 2019, in which 41 large ships were completely lost. The six days blockage of the Suez Canal in March 2021 is another major instance that had cost a loss of $9.6 billion per day as Ever Given container ship got stuck. Due to this factor, various organizations are preferring air logistics services as it also takes lesser time for transportation as compared to sea transportation. This report will further analyze all the factors that are directly or indirectly influencing the market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Offshore Support Vessels Market by Type
- Anchor Handling Tug Supply
- Platform Supply Vessel
- Multipurpose Support Vessel
- Standby & Rescue Vessel
- Crew Vessel
- Chase Vessel
- Seismic Vessel
Global Offshore Support Vessels Market by Application
- Shallow Water
- Deep Water
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bass Marine Pty Ltd.
- BOURBON Maritime,
- Bumi Armada Berhad
- Delta Logistics Ltd.
- DOF Group
- Grupo Coremar S.A.
- Havila Shipping ASA
- Intermarine LLC
- Island Offshore Management
- Maersk Supply Service
- P&O Maritime Logistics
- Rem Maritime As
- Seacor Marine Holdings Inc.
- Siem Offshore
- Solstad Offshore ASA
- Swire Pacific
- Tidewater Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global offshore support vessels market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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