Construction Vessel Market - Global Industry Analysis

  • Global Construction Vessel Market: Overview

    The global construction vessel market depends highly on the market for oil and gas exploration and drilling across the world. In terms of the work volume, the oil and gas industry holds a significant share in this market, on account of the surging demand for construction vessels. Since, the oil and gas industry is striving hard to lower to cost of exploration and production, the demand for contraction vessels is expected to increase in the years to come.

    This market study is aimed at providing clear and in-depth information about the global market for construction vessels by carrying out a thorough methodical research of the performance of this market in past and over the period from 2017 to 2025. The research report emphasizes especially on the growth boosters, challenges, opportunities, obstacles, and the prominent trends in this market in an effort to determine the pace of its progress.

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    Global Construction Vessel Market: Trends and Opportunities

    Lately, as the world has begun shifting towards renewable energy, the offshore wind farm industry is expected to turn into a niche end-use area for construction vessels in the near future. With the increasing oil and gas exploration and production activities, the demand for oil exploration and drilling vessels, offshore production vessels, and offshore support vessels is likely to rise over the next few years. The demand for dynamic-positioned vessels is anticipated to be higher than non dynamic-positioned vessels over the forthcoming years.

    Global Construction Vessel Market: Regional Outlook

    In terms of the geography, the global market for construction vessels can be divided into Latin America, Eastern Europe, Western Europe, Asia Pacific, North America, and the Middle East and Africa. Germany, the U.K., Spain, France, Italy, Belgium, Luxembourg, Netherlands, and Nordic countries are the main domestic markets for construction vessels in Western Europe, while Poland and Russia are dominating the Eastern Europe market. The Asia Pacific market for construction vessels is driven by India, Japan, China, Australia, New Zealand, and ASEAN.

    The U.S. and Canada markets for construction vessels are leading North America and the Latin America market is led by Brazil, Mexico, Peru, and Chile. GCC, North Africa, and Southern Africa have surfaced as the most prominent domestic markets for construction vessels in the Middle East and Africa.

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    Companies Mentioned in the Report

    National Oilwell Varco, BOA Offshore AS, GC Rieber Shipping, The Damen Group, Technip S.A., Swiber Holdings Ltd., Delta SubSea LLC, Baku Shipyard, Tidewater Inc., ABB Ltd., and Subsea 7 S.A. are some of the leading participants in the global market for construction vessels. The market is fragmented and is highly competitive, owing to the presence of numerous players. The prominent players in this market are expected to focus on innovation and technological advancements in their products to attain a competitive edge over their rivals in the years to come.

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    The global construction vessel market has been segmented as follows:

    By Vessel Type

    • Oil exploration & drilling vessels
    • Offshore support vessels
    • Offshore production vessels
    • Construction/special purpose vessels

    By Positioning System

    • Dynamic positioned (DP) vessels
    • Non-dynamic positioned (NDP) vessels

    By Application

    • Oil drilling and exploration
    • Construction work

    This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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