Report

Europe offshore support vessel market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the decommissioning of aging offshore infrastructure and rising investments in developing the renewable energy sector. Besides, a rise in deep-water activities is anticipated to boost the Europe offshore support vessel market.
Offshore support vessels are specifically designed for high-seas oil exploration and construction. These offer required labor, technological equipment, and other supplies to ensure that operations on the high seas run smoothly and without disruptions. The offshore support vessel transports critical structural components and the necessary help to supply freight. Anchor handling towing, power supply, fast supply intervention, and multi-purpose service vessels are examples of offshore support vessels.
The global population is expanding exponentially, fueling the demand for greater energy generation to live a better life. Consumers' increasing spending power allows them to afford consumer electronic devices, automobiles, and other items that require energy as a power supply. Booming automotive sector and strong vehicle sales due to changing customer preferences for private car ownership and rising disposable income are driving up demand for oil and gas reserves. Thermal, nuclear, oil and gas, geothermal, and other conventional and non-conventional energy sources must meet the increasing energy demands.
Leading government authorities are investing in exploring oil and gas reserves and discovering new untapped resources. The discovery of fresh deposits generates demand for well drilling and production activities, which is expected to fuel the European offshore support vessel industry. Installation of offshore wind farms, which are a type of power plant built by leading authorities to gather wind power and convert it into energy before supplying it to the main supply network, is expected to boost the expansion of Europe's offshore support vessel market.
Because of increased oil and gas exploration activity, current deposits are gradually maturing, necessitating the need for deep and ultra-deep-water exploration to meet the region's growing energy demand. Offshore and subsea industries are seeing increased investment from market participants. The market is dominated by shallow water exploration. However, offshore support vessels cannot operate properly in deep and ultra-deepwater due to harsh conditions that may jeopardize oil exploration activities. Market participants are conducting research and development to identify creative solutions and upgrade existing infrastructure to build technology-equipped boats that can withstand adverse weather conditions. A recent invention for marine vessels is the dynamic positioning system.
Europe offshore support vessel market is segmented based on type, application, end-user, competitional landscape, and regional distribution. Based on the type, the market is divided into anchor handling towing supply vessels, power supply vessels, fast supply intervention vessel, multi-purpose service vessel, and others. The anchor handling towing supply vessels segment is anticipated to hold the largest share in the Europe offshore support vessel market due to the growing discovery of deep-water oil & gas reserves in the region.
Major players in the Europe offshore support vessel market are DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore B.V., Fletcher Group, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Europe offshore support vessel from 2017 to 2021.
- To estimate and forecast the market size of Europe offshore support vessel market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Europe offshore support vessel market based on type, application, end user, country, and company.
- To identify the dominant region or segment in the Europe offshore support vessel market.
- To identify drivers and challenges for the Europe offshore support vessel market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Europe offshore support vessel market.
- To identify and analyze the profiles of leading players operating in the Europe offshore support vessel market.
- To identify key sustainable strategies adopted by market players in Europe offshore support vessel market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Europe offshore support vessel market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Europe offshore support vessel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Europe Offshore Support Vessel Market, By Type:
o Anchor Handling Towing Supply Vessels
o Power Supply Vessels
o Fast Supply Intervention Vessel
o Multi-Purpose Service Vessel
o Others
- Europe Offshore Support Vessel Market, By Application:
o Shallow water
o Deepwater
- Europe Offshore Support Vessel Market, By End-User:
o Oil & Gas
o Offshore Wind
- Europe Offshore Support Vessel Market, By Country:
o Germany
o United Kingdom
o France
o Italy
o Spain
o Poland
o Netherlands
o Norway
o Russia
o Sweden
o Denmark
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe offshore support vessel market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).