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Platform Supply Vessels (Psv) Market

Platform Supply Vessels (Psv) Market

Platform Supply Vessels (Psv) Market Global Industry Assessment & Forecast

# Pages:

142

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0284

Segments Covered
  • By Type PSV below 3000 DWT, PSV above 3000 DWT
  • By Application Oil and Gas Production, Offshore Construction, Military, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 3520 Million
Revenue 2028Revenue 2028: 3605 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 0.3
Fastest Growing Region Fastest Growing Region (2022 - 2028) North American
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Platform Supply Vessels (Psv) market was valued at USD 3520 Million in 2020 and is projected to reach USD 3605 Million by 2028, growing at a CAGR of 0.3% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 3605 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 0.3%

Overview and Description

Platform Supply Vessels specialize in the logistical support required to operate in an offshore field. Typically PSV's, or supply boats, work between an onshore supply base and the various offshore work locations, including drilling rigs, oil platforms, and construction vessels transporting essential supplies as well as personnel.


The global Platform Supply Vessels (Psv) market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 3520 Million 3605 Million

COVID-19 Impact Analysis

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Insights

The increasing demand from various end use industries is anticipated to augment the growth of the platform supply vessels (PSV) market during the forecast period. 

The increasing energy demand across the globe is expected to support the growth of the platform supply vessels (PSV) market over the forecast period. 

The high investment required for the installation is expected to hinder the growth of the platform supply vessels (PSV) market in the years to come.

Global Platform Supply Vessels (Psv) Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Xiamen Shipbuilding, BAE Systems, SINOPACIFIC, Ulstein Verft, COSCO Shipping, Shipyard DeHoop, Bordelon Marine SB, VT Halter Marine, Eastern Shipbuilding Group, Nam Cheong, Vard Group, Remontowa, Americasn SB, Bollinger Shipyards, Damen, Wuchang Shipbuilding, Harvey Shipyards.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North American, company market share analysis, and COVID-19 impact analysis

Global Platform Supply Vessels (Psv) Market: Type Segment Analysis

    • PSV below 3000 DWT
    • PSV above 3000 DWT

Global Platform Supply Vessels (Psv) Market: Application Segment Analysis

    • Oil and Gas Production
    • Offshore Construction
    • Military
    • Others

Regional Analysis: Preview

Based on region, the global Platform Supply Vessels (Psv) market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Platform Supply Vessels (Psv) market are Xiamen Shipbuilding, BAE Systems, SINOPACIFIC, Ulstein Verft, COSCO Shipping, Shipyard DeHoop, Bordelon Marine SB, VT Halter Marine, Eastern Shipbuilding Group, Nam Cheong, Vard Group, Remontowa, Americasn SB, Bollinger Shipyards, Damen, Wuchang Shipbuilding, Harvey Shipyards.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Platform Supply Vessels (Psv) Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Key Highlights – Global Platform Supply Vessels (Psv) Market

  • Global Platform Supply Vessels (Psv) Market is projected to reach USD 3605 Million by 2028
  • North American held the highest share of the Platform Supply Vessels (Psv) market
  • Multiservice Edge Router held the largest share of the product segment in the Platform Supply Vessels (Psv) market
  • Chemical industry held the major share of the application segment in the Platform Supply Vessels (Psv) market

FAQ
Frequently Asked Question
  • The global Platform Supply Vessels (Psv) valued at 3520 Million in 2020 and is expected to reach 3605 Million in 2028 growing at a CAGR of 0.3%.

  • The prominent players in the market are Xiamen Shipbuilding, BAE Systems, SINOPACIFIC, Ulstein Verft, COSCO Shipping, Shipyard DeHoop, Bordelon Marine SB, VT Halter Marine, Eastern Shipbuilding Group, Nam Cheong, Vard Group, Remontowa, Americasn SB, Bollinger Shipyards, Damen, Wuchang Shipbuilding, Harvey Shipyards..

  • The market is project to grow at a CAGR of 0.3% between 2021 and 2028.

  • The driving factors of the Platform Supply Vessels (Psv) include

    • The increasing demand from various end use industries is anticipated to augment the growth of the platform supply vessels (PSV) market during the forecast period.
    • The increasing energy demand across the globe is expected to support the growth of the platform supply vessels (PSV) market over the forecast period.

  • North American was the leading regional segment of the Platform Supply Vessels (Psv) in 2020.