Offshore Supply Vessels Market is Expected to Showcase Rampant Growth Over 2030

Market Research Future (MRFR) has published on the “Global Offshore Supply Vessels market”.

The Offshore Supply Vessels market is estimated to register a CAGR of 5.94% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Offshore Supply Vessels market— A.P. Moller - Maersk AS (Denmark), Siem Offshore AS (Norway), SEACOR Marine (US), Tidewater (US), Solstad Farstad (Norway), Bourbon Offshore (France), Havila Shipping (Norway), Vroon B. V. (Netherlands), Edison Chouest Offshore (US), Abdon Callais Offshore LLC (US).

Market Highlights

The global Offshore Supply Vessels market is accounted for to register a CAGR of 5.94% during the forecast period and is estimated to reach USD 18,076.04 million by 2030.

The demand for OSVs has also been fueled by the discovery of new offshore reserves in various parts of the world. Regions such as the Gulf of Mexico, North Sea, Brazil, West Africa, and Asia-Pacific have witnessed significant offshore oil and gas discoveries. The development of these reserves requires substantial logistical support, including the transportation of equipment and supplies, which further drives the demand for OSVs. The offshore operations often involve extended periods of time spent offshore, with personnel and equipment working in challenging environments. OSVs provide logistical support by transporting crews to and from offshore installations, enabling crew rotations and ensuring the availability of skilled personnel at all times. This rotation system helps maintain the efficiency and productivity of offshore operations. The offshore supply vessels play a crucial role in emergency response and safety operations. They are equipped with firefighting equipment, rescue boats, and medical facilities to handle emergencies and provide assistance during incidents such as oil spills or accidents. These vessels are essential for ensuring the safety and well-being of personnel working in offshore environments.

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Segment Analysis

The global Offshore Supply Vessels market has been segmented based on Type, Application and Region.

The global Offshore Supply Vessels Market segmentation, based on Type has been segmented as Anchor Handling Tug Supply Vessel, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel, Seismic Vessel and Others. Among these, the Anchor Handling Tug Supply Vessel segment is anticipated to dominate the global Offshore Supply Vessels market revenue through the projected period as estimated by MRFR analysts. Anchor Handling Tug Supply Vessel provides essential support services such as standby firefighting capabilities, oil spill response, and emergency towing. AHTS vessels often serve as supply vessels as well, carrying equipment, materials, and personnel to offshore installations. These vessels are crucial in ensuring the stability and safe positioning of offshore structures.

The global Offshore Supply Vessels Market segmentation, based on Application has been segmented as Shallow Water and Deep Water. One of the key advantages of shallow water operations is the relative ease of access and proximity to shore. This allows for cost-effective exploration, production, and construction activities, as well as easier maintenance and logistics support. Shallow water supply vessels play a crucial role in providing transportation of personnel, equipment, and supplies to nearshore installations, drilling rigs, and production platforms. They are equipped with features such as shallow drafts, allowing them to access shallow areas close to the coast.

Regional Analysis

By Region, the Offshore Supply Vessels market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America Offshore Supply Vessels market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. The rising digitalization and automation are transforming the OSV sector significantly in the North America region. Integrated vessel management systems, real-time monitoring, and predictive maintenance technologies are being deployed to optimize vessel operations, enhance safety, and reduce downtime. These advancements improve operational efficiency and reduce costs for OSV operators.

Key Findings of the Study

• The global Offshore Supply Vessels market is expected to reach USD 18,076.04 million by 2030, at a CAGR of 5.94% during the forecast period.


• The North America region accounted for the fastest-growing global market.


• Based on Type, the Anchor Handling Tug Supply Vessel segment was attributed to holding the largest market in 2022.


• Based on Application, the Shallow Water segment was attributed to holding the largest market in 2022.


• P. Moller - Maersk AS (Denmark), Siem Offshore AS (Norway), SEACOR Marine (US), Tidewater (US), Solstad Farstad (Norway), Bourbon Offshore (France), Havila Shipping (Norway), Vroon B. V. (Netherlands), Edison Chouest Offshore (US), Abdon Callais Offshore LLC (US) are the key market players.