Offshore Support Vessel Market - Global Forecast to 2020

Growing demand for oil & gas is expected to drive the offshore support vessel market at a CAGR of 5.8% during the forecast period. Meanwhile, the recent decline in the global crude oil price has negatively affected E&P activities, which is prominently visible with the sharp decline in the global rig count, affecting drilling activities. This has further affected the market of offshore support vessels. Discovery of new offshore oil & gas fields and growing demand for oil & gas are the major driving factors of the market.
Deepwater offshore support vessels are expected to witness the highest growth in the market. With maturing onshore oilfields, subsea and offshore markets are expected to grow significantly over the next few years, with West Africa, North America, South America, and Europe leading in total expenditures. As a result, deepwater offshore support vessels are estimated to grow at the highest rate and are slightly ahead of shallow water offshore support vessels.
Asia-Pacific to lead the global offshore support vessel market in terms of growth rate Asia-Pacific has taken the lead with the fastest growth rate among all other regions followed by South America.
The data have been collected through several primary and secondary sources. A comprehensive discussion guide was sent to several experts in the field of offshore support vessels for the verification of market findings. 45% of the participants belonged to Tier 1 companies, 30% Tier 2, and 25% Tier 3. 20% of the participants belonged to C level category, 25% managerial level, and rest other designations. Maximum participation was seen from Asia-Pacific, followed by the North America and South America. Asia-Pacific held nearly32% of global offshore vessel market share in 2014, followed by the North America at 25% and South America at 20%.
Companies Profiled:
The leasing players of the offshore support vessel market include Bourbon SA (France), Farstad Shipping ASA (Norway), Seacor Marine LLC (U.S.), Swire Group Ltd. (Hong Kong), Tidewater Inc. (U.S.), Gulfmark Offshore Inc. (U.S.), Havila Shipping ASA (Norway), Hornbeck Offshore (U.S.), the Maersk Group (Denmark), REM Maritime as (Norway), Siem Offshore Inc. ( Norway), Solstad Offshore ASA (Norway), Vroon Group (The Netherlands), Edison Chouset Offshore ( U.S.), Harvey Gulf International Marine, LLC. (U.S.), and Island Offshore Management AS (Norway)
Reasons to buy the report: From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porters analysis), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments of the offshore support vessel market, high-growth regions, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
Product Analysis and development: Detailed insights on upcoming technologies, research and development activities, and new product launches in the offshore support vessel market. Usage pattern/ penetration rate (in-depth trend analysis) of products (segment wise) and purchasing data
Market Development: A comprehensive information about lucrative emerging markets. The report analyzes the markets for offshore support vessels across regions, exploit new distribution channels, and new clientele base.
Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments decisions in the offshore support vessel market. A detailed description regarding related and unrelated diversifications pertaining to this market.
Competitive Assessment: In-depth assessment of market shares, company share analysis of the key players forecasted till 2020. Develop business strategies and manufacturing capabilities of leading players enhance the bottom line of the companies in the offshore support vessel market.
Product/ Brand Perception Analysis: Comprehensive study of customers perception and behavior through our inbuilt social connect tool (digital marketing language) checking the virility and tonality of blogs.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.2.1 ANCHOR HANDLING, TOWING VESSELS 15
1.2.2 PLATFORM SUPPORT VESSEL 15
1.2.3 MULTI-PURPOSE SUPPORT VESSEL 15
1.2.4 STANDBY AND RESCUE VESSELS 15
1.2.5 CREW VESSEL 16
1.3 MARKET SCOPE 16
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
3.1 INTRODUCTION 27
3.1.1 HISTORICAL BACKDROP & EVOLUTION 27
3.2 CURRENT SCENARIO 27
3.3 FUTURE OUTLOOK 29
3.4 CONCLUSION 31

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE OFFSHORE SUPPORT VESSEL MARKET 32
4.2 OFFSHORE SUPPORT VESSEL MARKET 33
4.3 OFFSHORE SUPPORT VESSEL MARKET 34
4.4 ASIA-PACIFIC, THE LARGEST OFFSHORE SUPPORT VESSEL MARKET IN 2014 35
4.5 OFFSHORE SUPPORT VESSEL MARKET: BY TYPE 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.3 MARKET DYNAMICS 39
5.3.1 DRIVERS 39
5.3.1.1 Discovery of new offshore oil & gas fields 39
5.3.1.2 Rise in demand for oil & gas 40
5.3.1.3 Demand & supply scenario of crude oil 40
5.3.1.4 Demand & supply scenario of natural gas 41
5.3.1.5 Increase in offshore and subsea spending 42
5.3.2 RESTRAINTS 43
5.3.2.1 Capital intensive 43
5.3.2.2 Oil price slump 43
5.3.3 OPPORTUNITIES 44
5.3.3.1 Arctic discoveries 44
5.3.3.2 Modern technology for working in deepwater & ultra-deepwater 45
5.3.3.3 Lifting up of sanctions on Iran 45
5.3.4 CHALLENGES 46
5.3.4.1 Strict government regulations 46
5.3.4.2 High operational risk 46
5.3.4.3 Lack of technical professionals in the offshore industry 47
5.4 IMPACT OF MARKET DYNAMICS 48
5.5 VALUE CHAIN ANALYSIS 49
5.5.1 OSV MANUFACTURERS 49
5.5.2 OSV OPERATORS 49
5.5.3 OIL FIELD OPERATORS 49
5.6 PORTER’S FIVE FORCES ANALYSIS 50
5.6.1 THREAT OF NEW ENTRANTS 51
5.6.2 THREAT OF SUBSTITUTES 51
5.6.3 BARGAINING POWER OF SUPPLIERS 51
5.6.4 BARGAINING POWER OF BUYERS 52
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 52

6 OFFSHORE SUPPORT VESSEL MARKET, BY TYPE 53
6.1 INTRODUCTION 54
6.2 DEMAND & SUPPLY ANALYSIS (VOLUME) 55
6.2.1 BY SUPPLY VOLUME 55
6.2.2 BY DEMAND VOLUME 56
6.2.3 BY VALUE 56
6.3 ASIA-PACIFIC 57
6.3.1 SUPPLY VOLUME 57
6.3.2 BY DEMAND VOLUME 58
6.3.3 BY VALUE 58
6.4 NORTH AMERICA 59
6.4.1 BY SUPPLY VOLUME 59
6.4.2 BY DEMAND VOLUME 60
6.4.3 BY VALUE 60
6.5 SOUTH AMERICA 61
6.5.1 BY SUPPLY VOLUME 61
6.5.2 BY DEMAND VOLUME 62
6.5.3 BY VALUE 63
6.6 EUROPE 63
6.6.1 BY SUPPLY VOLUME 64
6.6.2 BY DEMAND VOLUME 65
6.6.3 BY VALUE 65
6.7 WEST & SOUTH AFRICA 66
6.7.1 BY SUPPLY VOLUME 66
6.7.2 BY DEMAND VOLUME 67
6.7.3 BY VALUE 67
6.8 MIDDLE EAST 68
6.8.1 BY SUPPLY VOLUME 68
6.8.2 BY DEMAND VOLUME 69
6.8.3 BY VALUE 69
6.9 REST OF THE WORLD 70
6.9.1 BY SUPPLY VOLUME 70
6.9.2 BY DEMAND VOLUME 71
6.9.3 BY VALUE 71
7 OFFSHORE SUPPORT VESSEL MARKET, BY DEPTH 73
7.1 INTRODUCTION 74
7.2 ASIA-PACIFIC 75
7.3 NORTH AMERICA 76
7.4 SOUTH AMERICA 76
7.5 EUROPE 77
7.6 WEST & SOUTH AFRICA 78
7.7 MIDDLE EAST 78
7.8 REST OF THE WORLD 79
7.9 SHALLOW WATER OFFSHORE SUPPORT VESSEL 80
7.10 DEEPWATER OFFSHORE SUPPORT VESSEL 80
8 OFFSHORE SUPPORT VESSEL MARKET, BY REGION 82
8.1 INTRODUCTION 83
8.2 INDUSTRY TRENDS 84
8.2.1 ASIA-PACIFIC 85
8.2.2 NORTH AMERICA 87
8.2.3 SOUTH AMERICA 88
8.2.4 EUROPE 88
8.2.5 MIDDLE EAST 89
8.2.6 WEST & SOUTH AFRICA 89
8.2.7 REST OF THE WORLD 90
8.3 OFFSHORE SUPPORT VESSEL 90
8.3.1 BY SUPPLY VOLUME 91
8.3.2 BY DEMAND VOLUME 92
8.3.3 BY VALUE 92
8.4 ANCHOR HANDLING TUG SUPPLY VESSEL 93
8.4.1 BY SUPPLY VOLUME 94
8.4.2 BY DEMAND VOLUME 95
8.4.3 BY VALUE 95
8.5 PLATFORM SUPPLY VESSEL 96
8.5.1 BY SUPPLY VOLUME 97
8.5.2 BY DEMAND VOLUME 97
8.5.3 BY VALUE 98
8.6 MULTIPURPOSE SUPPORT VESSEL 98
8.6.1 BY SUPPLY VOLUME 99
8.6.2 BY DEMAND VOLUME 100
8.6.3 BY VALUE 100
8.7 STANDBY & RESCUE VESSEL 101
8.7.1 BY SUPPLY VOLUME 101
8.7.2 BY DEMAND VOLUME 102
8.7.3 BY VALUE 102
8.8 CREW VESSEL 103
8.8.1 BY SUPPLY VOLUME 104
8.8.2 BY DEMAND VOLUME 104
8.8.3 BY VALUE 105
8.9 OTHER OFFSHORE SUPPORT VESSELS 105
8.9.1 BY SUPPLY VOLUME 106
8.9.2 BY DEMAND VOLUME 107
8.9.3 BY VALUE 108
9 COMPETITIVE LANDSCAPE 109
9.1 OVERVIEW 110
9.2 COMPETITIVE SITUATION & TRENDS 111
9.2.1 CONTRACTS & AGREEMENTS 113
9.2.2 NEW PRODUCT/TECHNOLOGY DEVELOPMENT 114
9.2.3 MERGERS & ACQUISITIONS 114
9.2.4 EXPANSION 115
9.2.5 JOINT VENTURES/PARTNERSHIPS, 2012-2014 115
9.2.6 OTHER DEVELOPMENTS 116
10 COMPANY PROFILES 117
10.1 INTRODUCTION 117
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
10.2 BOURBON SA 118
10.3 FARSTAD SHIPPING ASA 122
10.4 SEACOR MARINE LLC. 126
10.5 SWIRE GROUP LTD. 131
10.6 TIDEWATER, INC. 134
10.7 GULFMARK OFFSHORE INC. 137
10.8 HAVILA SHIPPING ASA 139
10.9 HORNBECK OFFSHORE 141
10.10 THE MAERSK GROUP 144
10.11 REM MARITIME AS 146
10.12 SIEM OFFSHORE INC. 148
10.13 SOLSTAD OFFSHORE ASA 151
10.14 VROON GROUP 154
10.15 EDISON CHOUEST OFFSHORE 159
10.16 HARVEY GULF INTERNATIONAL MARINE, LLC 161
10.17 ISLAND OFFSHORE MANAGEMENT AS 163
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
11 APPENDIX 165
11.1 INSIGHTS OF INDUSTRY EXPERTS 165
11.2 OTHER DEVELOPMENTS, 2012-2015 166
11.3 DISCUSSION GUIDE 172
11.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 176
11.5 AVAILABLE CUSTOMIZATIONS 177
11.6 RELATED REPORTS 178