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Rising Investments in Exploration and Production of Oil and Gas Propels Global Offshore Supply Vessel Market

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Published on : Apr 21, 2017

Albany, New York, April 21, 2017: The research report is aimed at being a guiding document for making well-informed business decisions. The publication allows readers to understand how the global market is projected to evolve during the forecast years of 2016 and 2021.

According to the research report, the global offshore supply vessel market is expected to exhibit a CAGR of 6.03% between the forecast years of 2016 and 2021. The demand for offshore supply vessels will be driven by increasing consumption of oil and gas across the globe. The market’s growth will also be favored by soaring drilling activities and increasing number of production and exploration activities. Furthermore, the increasing investments in research and development in the oil and gas sector are also augmenting the growth of the overall market.

On the basis of type, the global offshore supply vessel market is segmented into AHTS, PSV, and others. The research report indicates that the demand for AHTS vessels is likely to remain in the coming years due to the increasing demand for floating production systems along with growing activities in the deeper water basins. On the geographic point of view, the South America offshore supply vessel market is expected to show tremendous progress in the near future. Geographically, the overall market can be broken down into Asia Pacific, the Middle East and Africa, Europe, Rest of the World, and North America.

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The global market is also segmented on the basis of depth into shallow water and deep water. The publication includes a SWOT analysis for the purpose of determining the strengths, weaknesses, opportunities, and threats influence the segments of the global offshore supply vessel market. However, the volatile political situation in various economies and the fluctuating prices of oil and gas are expected to hamper the growth of the overall market.

The leading players operating in the global offshore supply vessel market are Bourbon, Tidewater Inc., Maersk Supply Services, Edison Chouest Offshore, SIEM Offshore Inc., Farstad Shipping ASA, SEACOR Marine LLC., Hornbeck Offshore, GulfMark Offshore Inc., and Swire Pacific Offshore Operations (Pte.) Ltd. The research report provides a detailed evaluation of the financial outlook, research and development activities, and expansion plans for the coming few years. Additionally, the research report also provides a clear understanding of the threat from new entrants to the global offshore supply vessel market. In short, the competitive landscape of the global market has been assessed and explain with absolute clarity.

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