Offshore Support Vessel market is projected to grow at a CAGR of 3% during the forecasting period 2021-2027. This increase can be due to a growing emphasis on offshore oil and gas production. In the next five years, the ageing infrastructure that will need replacement and decommissioning will create lucrative opportunities for market players.
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North America will be an increasingly growing demand for offshore support vessels. This increase is due to an increased emphasis on offshore robust investments in the offshore oil and gas sector, as well as rising offshore exploration activities, as well as the expansion of offshore wind farms to offset output from mature onshore fields.

Key market players include Bourbon, Maersk, Seacor Marine, Tidewater, SIEM Offshore, Grupo CBO, Gulfmark, Havila, Solstad, Swire, Tayrona Offshore, Vroon Group.

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