The global market for Anchor Handling Tug Supply Vessels was estimated at US$10.0 Billion in 2023, and is projected to reach US$12.3 Billion by 2030, growing at a CAGR of 3.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the AHTS vessel market is driven by several factors, including the increasing demand for offshore oil and gas exploration and production activities, which propels the need for specialized support vessels. The advancement of deepwater and ultra-deepwater drilling technologies expands the addressable market for AHTS vessels, as these environments require robust and reliable support. Technological innovations in dynamic positioning and automation systems strengthen the business case for modernizing fleets, leading to increased adoption. Additionally, regulatory trends emphasizing safety and environmental sustainability drive the development and deployment of more efficient and eco-friendly vessels. The rise in offshore wind energy projects also generates new opportunities for AHTS vessels, diversifying their utility beyond oil and gas. Consumer behavior trends, such as the growing preference for renewable energy sources, indirectly sustain the market by encouraging the expansion of offshore wind farms, which in turn require robust maritime support. Furthermore, international collaborations and investments in maritime infrastructure enhance the operational capabilities and global reach of AHTS operators, fostering market growth.
The growth in the AHTS vessel market is driven by several factors, including the increasing demand for offshore oil and gas exploration and production activities, which propels the need for specialized support vessels. The advancement of deepwater and ultra-deepwater drilling technologies expands the addressable market for AHTS vessels, as these environments require robust and reliable support. Technological innovations in dynamic positioning and automation systems strengthen the business case for modernizing fleets, leading to increased adoption. Additionally, regulatory trends emphasizing safety and environmental sustainability drive the development and deployment of more efficient and eco-friendly vessels. The rise in offshore wind energy projects also generates new opportunities for AHTS vessels, diversifying their utility beyond oil and gas. Consumer behavior trends, such as the growing preference for renewable energy sources, indirectly sustain the market by encouraging the expansion of offshore wind farms, which in turn require robust maritime support. Furthermore, international collaborations and investments in maritime infrastructure enhance the operational capabilities and global reach of AHTS operators, fostering market growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Oil & Gas Application segment, which is expected to reach US$6.2 Billion by 2030 with a CAGR of a 4.0%. The Industrial Application segment is also set to grow at 2.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.7 Billion in 2023, and China, forecasted to grow at an impressive 6.1% CAGR to reach $2.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Anchor Handling Tug Supply Vessels Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Anchor Handling Tug Supply Vessels Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Anchor Handling Tug Supply Vessels Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AfrikDelta Marine Limited (ADML), Bhagwan Marine, Boskalis, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- AfrikDelta Marine Limited (ADML)
- Bhagwan Marine
- Boskalis
- BOURBON Corporation SA
- Falcon Energy Group Ltd.
- Icon Offshore Berhad
- Maersk Supply Service A/S
- MMA Offshore Limited.
- Nam Cheong Dockyard Sdn Bhd
- PACC Offshore Services Holdings Ltd (POSH)
- Royal IHC
- Sea1 Offshore Inc.
- Tidewater Inc.
- Ulstein Group ASA
- VARD Marine Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AfrikDelta Marine Limited (ADML)
- Bhagwan Marine
- Boskalis
- BOURBON Corporation SA
- Falcon Energy Group Ltd.
- Icon Offshore Berhad
- Maersk Supply Service A/S
- MMA Offshore Limited.
- Nam Cheong Dockyard Sdn Bhd
- PACC Offshore Services Holdings Ltd (POSH)
- Royal IHC
- Sea1 Offshore Inc.
- Tidewater Inc.
- Ulstein Group ASA
- VARD Marine Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 176 |
Published | October 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 10 Billion |
Forecasted Market Value ( USD | $ 12.3 Billion |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Global |