Market Size of North America Offshore Support Vessels Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Offshore Support Vessels Market Analysis
The North America offshore support vessels market is expected to grow at a CAGR of over 2% during the forecast period of 2020-2025. Factors such as less period of investment return from offshore are likely to drive North America offshore support vessels market. However, a recent trend shift to dynamic positioning drilling systems is expected to negatively impact the North America offshore support vessels market.
- The Platform Supply Vessels (PSVs) held a significant market share, in 2019, due to the increasing number of activities in oil & gas and renewable sectors, and it is likely to dominate the market.
- The upcoming offshore wind farm projects in countries such as the United States and Canada are likely to provide opportunities for the North America offshore support vessels market in the future.
- The United States is expected to dominate the North America offshore supply vessels market, in 2019, due to the recent offshore activities and increasing shale production.
