Global Offshore Supply Vessel (OSV) Market Expected to Witness Rapid Expansion by the End of 2024
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  • Global Offshore Supply Vessel (OSV) Market Expected to Witness Rapid Expansion by the End of 2024

    (Transportation-News.com, July 08, 2019 ) Offshore Supply Vessel (OSV) is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore exploration and production equipment across oil platforms. OSV supports marine offshore drilling activities through the transportation of offshore energy resources, and it also facilitates oil rigs installation process. It is mostly used by oil and gas companies for exploration and production (E&P) activities. OSV is operated by ship owners or by companies that take OSV on lease. In addition, OSV facilitates the maritime logistics operation for various other industries such as Subsea and Deep Water Mining.
    Request a sample of Offshore Supply Vessel (OSV) Market report @ http://www.arcognizance.com/enquiry-sample/248925

    Deepwater production and exploration activities and investments by emerging economies in offshore exploration will drive the offshore support vessel market.

    Oil & gas exploration and production activities are being carried out, both onshore and offshore, worldwide. The offshore oilfield business consists of the survey, exploration, construction, production, maintenance, upgradation of production facilities, and decommissioning. The activities at various stages of the oilfield lifecycle require different types of specialized offshore support vessels (OSV), which are suited for the project needs.

    The offshore supply vessel market has been segmented into vessel type, depth, and region. The market has been further segmented, by vessel type; into anchor handling tug supply vessels, platform supply vessels (PSV), multipurpose support vessels (MPSV), and standby and rescue vessels, crew vessels, chase vessels, seismic vessels, and others. The AHTS vessels segment accounted for the largest share, 45% of the market in 2017, AHTS vessels are principal support vessels used for towing, anchoring, and supplying equipment to drilling rigs and production platforms, making them the largest segment of the Offshore Support Vessel Market. Demand for offshore drilling is projected to recover slowly, particularly in deepwater fields as oil prices stabilize, thus, helping the AHTS market.

    On the basis of depth, the market has been segmented into shallow water and deepwater segments. The application of offshore support vessels in shallow water projects is estimated to lead the market, in terms of market value share of 70.7% in 2017. The shallow water basins in the Middle East, Asia-Pacific, Europe, and North America will play a major role in driving the Offshore Support Vessel Market. Shallow water operations are typically less expensive compared to deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activity in shallow water basins compared to deepwater ones.

    The OSV market is less concentrated, various enterprises have invested in fleet expansion, so as to replace older vessels, and enhance their position in global market. Key players in offshore support vessel market include Edison Chouest, Tidewater, Bourbon Offshore, DOF, Swires, Maersk Supply Service, Farstad Shipping, Hornbeck, Cosl, Island Offshore Management, Gulf Mark and Havila Shipping.

    According to this study, over the next five years the Offshore Supply Vessel (OSV) market will register a 8.3% CAGR in terms of revenue, the global market size will reach US$ 25000 million by 2024, from US$ 15500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Offshore Supply Vessel (OSV) business, shared in Chapter 3.

    This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Supply Vessel (OSV) market by product type, application, key manufacturers and key regions and countries.

    Access this report of Offshore Supply Vessel (OSV) Market @ http://arcognizance.com/report/global-offshore-supply-vessel-osv-market-growth-2019-2024

    This study considers the Offshore Supply Vessel (OSV) value and volume generated from the sales of the following segments:

    Segmentation by product type:
    Anchor Handling Tug Supply
    Platform Supply Vessel
    Multipurpose Support Vessel
    Standby & Rescue Vessel
    Others

    Segmentation by application:
    Shallow Water
    Deep Water

    This report also splits the market by region:
    Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, and GCC Countries.

    The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

    The key manufacturers covered in this report:
    Edison Chouest
    Tidewater
    Bourbon Offshore
    DOF
    Swires
    Maersk Supply Service
    Farstad Shipping
    Hornbeck
    Cosl
    Island Offshore Management
    Gulf Mark
    Havila Shipping

    In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

    Buy The Report @ http://www.arcognizance.com/purchase/248925

    Research Objectives:
    To study and analyze the global Offshore Supply Vessel (OSV) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Offshore Supply Vessel (OSV) market by identifying its various subsegments.
    Focuses on the key global Offshore Supply Vessel (OSV) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Offshore Supply Vessel (OSV) with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Offshore Supply Vessel (OSV) submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.

    Major Point of TOC:

    Chapter One: Scope of the Report

    Chapter Two: Executive Summary

    Chapter Three: Global Offshore Supply Vessel (OSV) by Players

    Chapter Four: Offshore Supply Vessel (OSV) by Regions

    Chapter Five: Americas

    Chapter Six: APAC

    Chapter Seven: Europe

    Chapter Eight: Middle East & Africa

    Chapter Nine: Market Drivers, Challenges and Trends

    Chapter Ten: Marketing, Distributors and Customer

    Chapter Eleven: Global Offshore Supply Vessel (OSV) Market Forecast

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