Africa Offshore Support Vessels Market Outlook to 2022 - Market Analysis by Geography, Type of Vessel, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

  • ID: 4385460
  • Report
  • Region: Africa
  • 82 pages
  • Mordor Intelligence
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The Global Offshore Support Vessels Market was valued at USD 39.4 billion in 2014 and is projected to reach USD 69.34 billion, at a CAGR of 9.88% during the forecast period from 2014 to 2022. Asia-Pacific is one of the fastest-growing markets with its market share estimated to reach USD 9.7 billion by 2022 during the given forecast period.

Offshore supply vessels are the lifeblood of all offshore operations. Their demand fluctuates with the performance of the offshore sector, and in unison with the global economic conditions. As in the case of other oil and gas industries, the offshore supply vessel market has its own challenges. However, with the introduction of new technologies and regulations, this market is expected to achieve a significant growth rate in the coming decade.

The primary function of offshore support vessels is to deliver goods, food, personnel, and other miscellaneous things to a field from a shore. There has been a significant evolution of offshore support vessels in terms of reliability, diversification, and in their worldwide operation and water depth capabilities. The different categories of offshore support vessels available today are growing with an increase in their technological sophistication.

As the oil and gas explorations move towards deeper waters, multi-functional offshore support vessels are now called upon to perform different tasks, and have created various niches or categories within the market. Present day offshore support vessels are equipped with an increased cargo capacity, panoramic navigation bridge visibility, large accommodation spaces, enhanced crew amenities, and state-of-the-art propulsion & automation systems.

The anchor handling towing vessels segment forms the majority part of the market with 56.0% of the market share, which is followed by the platform support vessels segment. Vessels designed for inspection, maintenance, and repair are generally equipped with large accommodation spaces, heavy lift cranes, helidecks, and streamlined bow forms for their operation in harsh environments. Vessels specialized for multi-tasking carry out maintenance and repair operations on platform facilities as well as subsea pipelines and equipment.

Most promising regions for the OSV market are the Gulf of Mexico, Brazil, West Africa, the North Sea, South East Asia, the Middle-East, and Asia. It has been estimated that the major part of this markets demand will be for AHTS, PSVs, and seismic research vessels.

Efforts are now underway globally to explore new areas for the oil and gas demand in view of the decreasing reserves. Operators and explorers are now moving into much deeper seas, where the use of subsea systems is prominent. Factors, such as declining oil and gas reserves, increasing energy demand, and growth in subsea exploration activities, are driving this market. On the flip side, environmental barriers, such as occasions when the operators are forced to work in harsh environments, high initial costs, volatile oil prices, and lack of skilled labor, are constraining the growth of this market.

Key Deliverables:

1. Market analysis for the Global Offshore Support Vessels Market, with region specific assessments and competition analysis on global and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the global offshore support vessels market on both global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Market Overview
4.1 Introduction
4.2 Market Demand to 2022
4.3 Recent Developments in Offshore Support Vessels
4.4 R & D Activities
4.5 Investments and Opportunities
5. Drivers, Constraints and Opportunities
5.1 Drivers
5.1.1 Increasing Investments in Offshore Explorartion
5.1.2 Increasing Number of Offshore Oil Fields
5.1.3 Increasing Energy Demand
5.2 Constraints
5.2.1 Political Problems
5.2.2 Environmental Issues
5.2.3 High Vessel Rates
5.2.4 High Initial Investment
5.3 Opportunities
5.3.1 New Technology Innovations
5.3.2 Dependancy on Oil and Gas Prices
6. Offshore Support Vessels Value Chain Analysis
6.1 Overview
6.2 Vessel Manufacturers
6.3 Equipment Manufacturers
6.4 Service Providers
7. Africa Offshore Support Vessels Market Analysis, by Country
7.1 Overview
7.2 Major Countries
7.2.1 Libya
7.2.1.1 Introduction
7.2.1.2 Market Demand to 2022
7.2.1.3 Investment Opportunities
7.2.2 Nigeria
7.2.2.1 Introduction
7.2.2.2 Market Demand to 2022
7.2.2.3 Investment Opportunities
7.2.3 Algeria
7.2.3.1 Introduction
7.2.3.2 Market Demand to 2022
7.2.3.3 Investment Opportunities
7.2.4 Ghana
7.2.4.1 Introduction
7.2.4.2 Market Demand to 2022
7.2.4.3 Investment Opportunities
7.2.4.4 Oil and Gas Fields In Ghana
7.2.5 Others
8. Africa Offshore Support Vessels Market Analysis, by Type
8.1 Overview
8.2 Anchor Handling Tug/Anchor Handling Towing Supply Vessels (AHT/AHTSs)
8.3 Multi-Purpose/Multi-Role Supply Vessels (MPSV)
8.4 Offshore Tugs
8.5 Platform Supply Vessels
8.6 Specialty Vessels
8.7 Surfer Vessels
9. Key Company Analysis
9.1 Bourbon Offshore
9.2 Bass Marine Pty Ltd
9.3 Deep Sea Supply Plc
9.4 Edison Chouest
9.5 Eidesvik Offshore
9.6 Farstad Shipping ASA
9.7 GulfMark
9.8 Gulfshield
9.9 Harvey Gulf International Marine
9.10 Intermarine Llc
9.11 Maersk Supply Service
9.12 Rem Maritime As
9.13 Seacor Marine
9.14 Siem Offshore
9.15 Swire Pacific Offshore
9.16 Tidewater Inc.
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Market Share Analysis
11. Appendix
11.1 Contact Us
11.2 Disclaimer
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