Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Offshore Support Vessels Market Outlook
The Asia Pacific offshore support vessels market size reached nearly USD 4730.60 million in 2023. The market is projected to grow at a CAGR of 7.5% between 2024 and 2032, reaching almost USD 9069.70 million by 2032.
Key Takeaways:
- The construction of 514 GW of new oil and gas capacity in the Asia Pacific is expected to drive the market growth.
- The demand for natural gas in China is expected to grow by 40% between 2021-2030.
- The application of offshore support vessels in deep water is expected to record a significant increase over the forecast period.
The global demand for natural gas is expected to witness continuous growth throughout the forecast period. This has led to a 13% increase in the global oil and gas production capacity. Nearly 3/4th of the overall capacity increase is attributed to the Asia Pacific, with countries such as China, Bangladesh, Philippines, and Vietnam leading the construction of new projects. This is expected to accelerate the Asia Pacific offshore support vessels market development.
The development of offshore oil and gas projects in the South China Sea is expected to make China a leading market for offshore support vehicles. The discovery of 100 million tons of oil in the Pearl River Delta of China in the Guangdong province has attracted significant attention from the government. This is also expected to favour foreign investments into the oil and gas sector, thereby influencing the Asia Pacific offshore support vessels market growth favourably.
As the world moves towards clean sources of energy, developing economies such as India, Bangladesh, and Vietnam are expected to boost their reliance on liquefied natural gas to power domestic households and further industrial development. This is expected to drive the expansion of the oil and gas sector in these countries, thereby contributing towards the Asia Pacific offshore support vessels market growth.
Market Segmentation
Asia Pacific Offshore Support Vessels Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Anchor Handling Tug Vessel (AHTV)
- Platform Supply Vessel
- Multipurpose Support Vessel
- Crew Vessel
- Standby and Rescue Vessel
- Others
Market Breakup by Application
- Shallow Water
- Deep Water
Market Breakup by End Use
- Offshore Oil and Gas
- Offshore Wind
Market Breakup by Region
- China
- Japan
- India
- ASEAN
- Australia
- Others
The key Asia Pacific offshore support vessels market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Austal Ltd., Solstad Offshore ASA, PACC Offshore Pte. Ltd., Siem Offshore Inc., Nam Cheong Limited, Damen Shipyards Group, and MMA Offshore Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market was valued at nearly USD 4730.60 million in 2023.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 9069.70 million in 2032.
The various applications of offshore support vessels are shallow water and deep water.
The different end uses of the product include offshore oil and gas and offshore wind.
The major countries in the market include the ASEAN, China, India, Japan, and Australia, among others.
The key market players are Tidewater Inc., AP Moeller - Maersk A/S, SEACOR Marine Holdings Inc., Austal Ltd., Solstad Offshore ASA, PACC Offshore Pte. Ltd., Siem Offshore Inc., Nam Cheong Limited, Damen Shipyards Group, and MMA Offshore Ltd., among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124