Offshore Support Vessel Market Worth $ 91,228.8 Million By 2018 - New Report by MarketsandMarkets

Offshore support vessel marketdepends on offshore exploration and production activities, which is one of the key driving factors. (http://www.marketsandmarkets.com/Market-Reports/offshore-support-vessel-market-1212.html)

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The offshore support vessel market is worth $69.3 billion in 2013 and is estimated to reach $91.2 billion by 2018, growing at a CAGR of 5.7% from 2013 to 2018

(PRWEB) April 07, 2014

The report "Offshore Support Vessel Market By Type (Anchor Handling, Towing & Supply Vessel, Platform Supply Vessels, Multi-Purpose Service Vessel, Crew Boats, Standby & Rescue Vessels & Others) & By Geography - Global Trends & Forecast To 2018" ,defines and segments the offshore support vessel market with analysis and forecasting of the global revenue.

Browse 106 market data tables with 21 figures spread through 246 pages and in-depth TOC on Offshore Support Vessel Market - Global Trends & Forecast To 2018
http://www.marketsandmarkets.com/Market-Reports/offshore-support-vessel-market-1212.html
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Offshore support vessel market is mainly driven by growing offshore activities. Furthermore, due to increasing demand of oil & gas demand for upcoming years, offshore support vessel market is expected to grow immensely. There is a huge demand from the APAC countries which created a big opportunity for offshore support vessel manufacturers.

The market has been estimated from demand side. This report breaks the market into smaller product segments. In order to provide a deeper understanding of the competitive landscape, the report profiles the 19 companies in the offshore support vessel market.

Offshore support vessel manufacturers are constantly trying to modify the vessels in order to increase their market share, which in turn helps them to bag bulk supply contracts. Formation of distribution agreements and new products launched are some key strategies being followed by leading industry players to increase their market penetration in various regions.

The report forecasts revenue of offshore support vessel market and its various submarkets with respect to seven main regions such APAC, North-West Europe, South America, U S- Gulf of Mexico (GOM), West Africa, Middle East and Rest of the World (ROW). The Rest of the World (ROW) includes Far East, Black and Mediterranean Sea area and prominently with other regions excluding Europe, APAC, and South America. Offshore support vessel market is estimated to grow from $ 69,298.2 million in 2013 to $ 91,228.8 million by 2018, with a CAGR of 5.7% from 2013 to 2018.

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