The Multipurpose Support Vessel (MPSV) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Multipurpose Support Vessel (MPSV) Market?
The market size of the Multipurpose Support Vessel (MPSV) has been experiencing significant growth. It is projected to grow from $4.20 billion in 2024 to $4.51 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Multipurpose Support Vessel (MPSV) Industry?
The Multipurpose Support Vessel (MPSV) market is forecasted to grow to a market size of $5.90 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%.
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What are the Key Growth Drivers Fueling the Multipurpose Support Vessel (MPSV) Market?
The key drivers in the multipurpose support vessel (mpsv) market are:
• Growing offshore energy demand
• Expansion of offshore wind farms
• Increasing deep-sea mining activities
• Rising government investments in maritime infrastructure
Global Market Segmentation: Identifying Major Multipurpose Support Vessel (MPSV) Industry Segments
The multipurpose support vessel (MPSV) market covered in this report is segmented –
1) By Vessel Type: Dynamic Positioning Vessels, Non-Dynamic Positioning Vessels, Survey Vessels, Heavy Lift Vessels, Construction Support Vessels
2) By Vessel Size And Capacity: Small Vessels (Up To 50 Meters), Medium Vessels (51 To 100 Meters), Large Vessels (Over 100 Meters), Heavy-Capacity Vessels
3) By Operation Type: Exploration And Survey Operations, Construction And Installation, Maintenance And Support, Logistics And Supply Chain Operations, Emergency Response Operations
4) By Delivery And Deployment Location: Offshore Operations, Nearshore Operations, Shallow Water Operations, Deep Sea Operations
5) By End-User Industry: Oil And Gas Industry, Renewable Energy (Wind, Solar), Marine Research And Survey, Telecommunications, Fisheries And Aquaculture
Subsegments:
1) By Dynamic Positioning Vessels: DP1 Vessels, DP2 Vessels, DP3 Vessels
2) By Non-Dynamic Positioning Vessels: Anchor Handling Tug Supply (AHTS) Vessels, Platform Supply Vessels (PSV), Offshore Supply Vessels (OSV)
3) By Survey Vessels: Hydrographic Survey Vessels, Geophysical Survey Vessels, Environmental Survey Vessels
4) By Heavy Lift Vessels: Crane Vessels, Semi-Submersible Heavy Lift Vessels, Dock Ships
5) By Construction Support Vessels: Pipe-Laying Vessels, Cable-Laying Vessels, Diving Support Vessels (DSV)
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What are the emerging Trends Shaping the Future of the Multipurpose Support Vessel (MPSV) Market?
The key trends in the multipurpose support vessel (mpsv) market are:
• There is a movement towards adopting hybrid propulsion systems in the MPSV market.
• The integration of smart vessel technologies is a rising trend.
• Technological advancements in vessel design are increasingly shaping the future of the market.
• There's an emergence of autonomous vessel technology and AI for remote operations.
Who Are the Top Competitors & Leading Players in the Multipurpose Support Vessel (MPSV) Market?
Major players in the multipurpose support vessel (mpsv) market are:
• Larsen & Toubro Limited
• Damen Shipyards Group
• Zamil Offshore
• The CSL Group Inc.
• Seacor Marine
• Sea1 Offshore Inc
• Mazagon Dock Shipbuilders Limited
• Fassmer GmbH & Co. KG
• MMA Offshore Pty Ltd.
• Hornbeck Offshore Services Inc
• Island Offshore
• Greatship India Ltd.
• Nam Cheong Limited
• Rohde Nielsen A/S
• Olympic Subsea ASA
• Damen Shipyards
• Eidesvik Offshore ASA
• Vard Group AS
• Oceanteam ASA
• DOF Subsea AS
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the multipurpose supply vessel market in 2024
