Offshore Support Vessels Supply Base (OSB) Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

According to the report published by Facts & Factors, the global Offshore Support Vessels Supply Base OSB market size was worth around USD 4430 million in 2019 and is predicted to grow around USD 6400 million by 2026 with a compound annual growth rate (CAGR) of roughly 5.4% between 2020 and 2026.

This professional and specialized report study examines the technical and business perspective of the Offshore Support Vessels Supply Base (OSB) industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Offshore Support Vessels Supply Base (OSB) market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall Offshore Support Vessels Supply Base (OSB) market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (K Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Offshore Support Vessels Supply Base (OSB) market in our study.

Key Insights from Primary Research

• Our primary respondents believed the market to witness steady growth of 5.4% over the forecast period in North America and Asian countries.
• Some of the CXOs predict the aftermarket segment to maintain its dominance throughout 2026 due to the increasing number of local and third-party vendors offering cost-effective and durable products than OEMs. However, they also conveyed that OEMs are now partnering with local and domestic players to increase their goodwill in the ever-competitive market ecosystem.
• Some of the oil & gas industry experts interviewed in Asia-Pacific revealed that the equipment segment is expected to generate considerable revenues for the Offshore Support Vessels Supply Base industry. The reason being the increasing demand for energy options owing to the increasing population in Asia.
• Regionally, Asia-Pacific is expected to boost the global Offshore Support Vessels Supply Base market. Some of the interviewees said that their future plans are to focus majorly on catering energy demand in China and India. They believe that the Chinese and Indian oil & gas industry is expected to continue witnessing significant growths on account of the ever-increasing population.
• The automotive and mechanical subject matter experts suggest investing in R&D activities to come up with newer, economic and more efficient oil and gas operation methods. They believe that these processes will witness widespread acceptance across the ecosystem and supply chain of offshore support vessels supply base market.

Key Recommendations from Analysts

• Our analysts recommend focusing on the Asia-Pacific Offshore Support Vessels Supply Base market since their calculations revealed that this region turned out to be the top investment pocket across the globe.
• The major reason behind the surging growth and lucrative opportunities underlying in this region is the increasing need for energy owing to the rising population in China, India and other Asian countries.
• Europe, on the other hand, is expected to foresee a robust growth of around 4.6% per annum. This is majorly attributed to developing innovations in the oil & gas industry across the U.K., Germany and other dominant countries.
• Increasing investment by large scale companies operating in the oil & gas industry across Africa in countries Ghana, Liberia and others are expected to drive the equipment segment these regions. The FnF analysts estimated the type segment in the Middle East and Africa to generate revenues worth USD 6100 million by the end of the forecast period.
• The executive summary of the report reads the total incremental opportunity underlying in the global Offshore Support Vessels Supply Base market is nearly USD 6300 million between 2016 and 2026.

Offshore Support Vessels Supply Base – Cost Structure

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Offshore Support Vessels Supply Base (OSB) market. It also encompasses PESTLE analysis and SWOT analysis.

Report Scope

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Offshore Support Vessels Supply Base (OSB) market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Offshore Support Vessels Supply Base (OSB) market.

The research study provides a critical assessment of the Offshore Support Vessels Supply Base (OSB) industry by logically segmenting the market on the basis of product type, application and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Offshore Support Vessels Supply Base (OSB) industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The oil and Gas industry is has experienced tremendous expansion which has increased the demand for Offshore Support Vessels Supply Base (OSB) across the map. Offshore support vessels are required for functions such as warm or cold stacking locations, floating drilling rigs, and other logistic and production platform support. Offshore Support Vessels Supply Base provides advantages such as operational efficiency, supply chain management integration of customer operations and others.

One of the key factors driving the growth of this market is raising offshore investment in emerging economies such as Congo, Ghana, and Senegal in Africa and also in south-east Asian countries.

However, the decrease in oil prices has affected the revenues of companies operating in the offshore drilling industry. As a result of lower crude oil prices, the offshore support vessels supply base market is expected experience slow down over the timespan.

The Offshore Support Vessels Supply Base (OSB) market is segmented based on product type and application. In terms of type, the market is bifurcated into services and equipment. Based on expenditure, the Offshore Support Vessels Supply Base (OSB) market is classified into cards with CAPEX and OPEX.

Some of the key players operating in the Offshore Support Vessels Supply Base (OSB) market include

• TPK logistica SA
• NorSea Group
• ASCO Group
• Myint & Associates OSB
• Petro Vietnam Technical Services Corporation
• Royal Haskoning DHV
• Surbana Jurong Private Limited
• Peterson Offshore Group
• Consult Myanmar and INC Group 

The taxonomy of the Offshore Support Vessels Supply Base (OSB) Market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Services
• Equipment

By ExpenditureSegmentation Analysis

• CAPEX
• OPEX

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)