Market Size of United States 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 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Offshore Support Vessels Market Analysis
The United States offshore support vessels market industry is expected to grow at a CAGR of over 2% during the forecast period of 2020-2025. Factor such as growing deep-water activities in the Gulf of mexico is likely to attract investments in the offshore activities and is expected to drive United States offshore support vessels market. However, volatile oil prices are expected to have some amount of negative impact on the United States offshore support vessels market.
- The Platform Supply Vessels (PSVs) due to the variety of services it is used for, held a significant market share in 2018, and it is likely to dominate the market.
- Maturing onshore oil fields and depleting reserves in onshore is attracting the United States to invest in the offshore sector, which is expected to create several opportunities for the United States offshore support vessels market in the future.
- Declining operational costs in oil and gas production are likely to drive the United States offshore support vessels market industry during the forecast period.
