Global Platform Supply Vessels (PSV) Market Insights, Forecast to 2025

A Platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from 50 to 100 meters in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and transportation of goods, tools, equipment and personnel to and from offshore oil platforms and other offshore structures. In the recent years a new generation of Platform Supply Vessel entered the market, usually equipped with Class 1 or Class 2 Dynamic Positioning System.
Generally, PSV provide support services to offshore drilling (rigs), pipe laying and oil producing assets (production platforms and FPSOs) utilized in E&P activities. It follows then that demand in the PSV market is driven primarily by the underlying demand for oil.
In the short term, oil prices cannot quickly rebounded, and the entire PSV industry will keep this downturn development, reducing costs through layoffs and wage cuts can help companies ride out the storm to some extent; but it is difficult to enhance the company's competitiveness in the long-term point of view. Appropriate fund-raising or investment will lead to a rapid expansion, in the current environment, decisive acquisitions can quickly enhance corporate brand, and when oil and gas prices rebound, investors will get a huge reward.
The Platform Supply Vessels (PSV) market was valued at 3440 Million US$ in 2018 and is projected to reach 3520 Million US$ by 2025, at a CAGR of 0.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Platform Supply Vessels (PSV).

This report presents the worldwide Platform Supply Vessels (PSV) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
COSCO Shipping
Vard Group
Xiamen Shipbuilding
Nam Cheong
VT Halter Marine
Americasn SB
Damen
SINOPACIFIC
Shipyard DeHoop
Wuchang Shipbuilding
BAE Systems
Ulstein Verft
Bollinger Shipyards
Bordelon Marine SB
Eastern Shipbuilding Group
Remontowa
Harvey Shipyards

Platform Supply Vessels (PSV) Breakdown Data by Type
PSV < 3000 DWT
PSV > 3000 DWT
Platform Supply Vessels (PSV) Breakdown Data by Application
Oil & Gas Production
Offshore Construction
Military
Others

Platform Supply Vessels (PSV) Production by Region
United States
Europe
China
Japan
Other Regions

Platform Supply Vessels (PSV) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Platform Supply Vessels (PSV) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Platform Supply Vessels (PSV) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Platform Supply Vessels (PSV) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (Unit). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Platform Supply Vessels (PSV) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions