IMARC Group has published a market research report titled “United States Offshore Support Vessels Market Report by Type (Anchor Handling Towing Supply Vessel, Platform Supply Vessel, Fast Supply Intervention Vessel, Multi-Purpose Service Vessel, and Others), Water Depth (Shallow Water, Deepwater), Fuel (Fuel Oil, LNG), Service Type (Technical Services, Inspection & Survey, Crew Management, Logistics & Cargo Management, Anchor Handling & Seismic Support, and Others), Application (Oil and Gas Applications, Offshore Applications), and Region 2024-2032” The United States offshore support vessels market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.
Offshore support vessels (OSVs) are designed to provide various services to offshore oil and gas platforms, drilling rigs, and subsea construction sites. They play a crucial role in supporting offshore operations by transporting personnel, equipment, and supplies. They are manufactured to withstand harsh offshore conditions and are equipped with advanced safety features to ensure the well-being of personnel. They streamline logistics by providing timely transportation of personnel, equipment, and supplies to offshore locations. They provide support for offshore construction projects by transporting construction materials, machines, and workers. As they assist in minimizing costs associated with delays, downtime, and inefficient logistics, the demand for OSVs is rising in the United States.
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United States Offshore Support Vessels Market Trends and Drivers:
Presently, the growing exploration and production activities in the oil and gas sector are catalyzing the demand for OSVs to support offshore drilling rigs, production, and maintenance operations. This, coupled with the thriving oil and gas industry, represents one of the key factors offering a favorable market outlook in the United States. In addition, increasing investments in the development of new offshore fields, expansion of existing facilities, and construction of offshore infrastructure are strengthening the growth of the market in the US. Additionally, ongoing advancements in OSV technology, such as the development of more fuel-efficient vessels, advanced positioning systems, and automation technologies, that enhance operational efficiency, safety, and reliability are facilitating the market growth. Moreover, the growing utilization of OSVs to support offshore renewable energy projects by transporting components and personnel to offshore wind turbines is positively influencing the market in the country. Apart from this, the rising adoption of OSVs in the fisheries and aquaculture industries for various purposes, such as transporting fishing crews, delivering supplies to offshore fish farms, and supporting net maintenance and fish harvesting, is impelling the growth of the market in the country.
Report Segmentation:
The report has segmented the market into the following categories:
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 Region:
- Northeast
- Midwest
- South
- West
Note: 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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