Anchor handling tug supply vessels Market Size, Share, Growth, and Industry Analysis, By Type (<5,000 HP, 5,000 - 9,999 HP and > 10,000 HP), By Application (Oil & Gas, Industrial and Others), and Regional Insight and Forecast to 2033

ANCHOR HANDLING TUG SUPPLY VESSELS MARKET OVERVIEW

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The anchor handling tug supply vessels market size was valued at approximately USD 2.41 billion in 2024 and is expected to reach USD 4.41 billion by 2033, growing at a compound annual growth rate (CAGR) of about 5% from 2025 to 2033.

Anchor Handling Tug Supply (AHTS) vessels are technical vessels designed primarily for towing and positioning oil equipages and handling their anchors. Equipped with important winches and an open stern, they grease the deployment and reclamation of anchors, ensuring the stability of offshore installations. Beyond anchor running, AHTS vessels frequently serve as force transports, delivering essential equipment and vittles to offshore spots. Many are erected to repel harsh surroundings, similar as the North Sea, enabling them to perform force duties between land bases and drilling locales. Their versatility extends to exigency response, deliverance operations, and hauling backing during tanker lading.

The Anchor Handling Tug Supply (AHTS) vessels market is passing significant growth, driven by the rising global demand for oil and natural gas, as well as increased deep- water and ultra-deep-water disquisition conditioning. Projections indicate that the market will expand by roughly billion between 2023 and 2028, reflecting a composite periodic growth rate (CAGR) during this period. Also, the broader offshore support vessel market, which includes AHTS vessels, is anticipated to grow. This expansion is further supported by increased investments in port infrastructure and technological advancements in vessel capabilities.

COVID-19 IMPACT

Anchor handling tug supply vessels Industry had a negative Effect Due to lockdown restrictions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic significantly disrupted the Anchor Handling Tug Supply (AHTS) vessels market due to halted offshore projects, supply chain delays, and reduced oil demand. Travel restrictions and economic uncertainty led to decreased vessel utilization, delaying new investments. However, market recovery followed as offshore activities gradually resumed.

LATEST TRENDS

Adoption of LNG-Fueled Vessels to drive Market Growth

Recent traits inside the anchor handling tug supply vessels industry include the adoption of liquefied natural gas (LNG) as an alternative fuel source. LNG is cost-effective and well- suited for AHTS vessels, offering a low- pressure gas option that reduces functional costs. This shift is driven by the maritime assiduity's commitment to reducing hothouse gas emigrations and clinging to stricter environmental regulations. LNG- fuelled AHTS vessels not only minimize environmental impact but also enhance energy effectiveness, making them an attractive choice for drivers aiming to balance performance with sustainability.

ANCHOR HANDLING TUG SUPPLY VESSELS MARKET SEGMENTATION

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By Type

Based on Type, the global market can be categorized into <5,000 HP, 5,000 - 9,999 HP and > 10,000 HP

• <5,000 HP: Anchor Handling Tug Supply( AHTS) vessels with machine capacities below 5,000 HP are primarily employed for lighter offshore tasks, including anchor running and towing operations in less demanding surroundings. These vessels are cost-effective for operations that don't require high power affair. The market for <5,000 HP AHTS vessels is anticipated to grow steadily, driven by ongoing offshore exploration and production activities. However, specific market share data for this segment is limited.
   

• 5,000 - 9,999 HP: Anchor Handling Tug Supply (AHTS) vessels with 5,000 – 9,999 HP are protean means in offshore operations, balancing power and effectiveness. They're suitable for medium- duty tasks, including anchor running, towing, and limited force duties. This member is passing growth due to increased offshore disquisition conditioning.
   

• 10,000 HP: Anchor Handling Tug Supply (AHTS) vessels with over 10,000 HP are essential for heavy- duty offshore operations, including hauling large oil equipages and handling substantial anchors in deep- water surroundings. The market for these high- powered vessels is expanding, driven by increased deep- water disquisition and product conditioning.

By Application

Based on Application, the global market can be categorized into Oil & Gas, Industrial and Others

• Oil & Gas: Anchor Handling Tug Supply (AHTS) vessels play a pivotal part in the oil & gas assiduity by situating drilling equipages, handling anchors, towing platforms, and transporting essential inventories. Their high power and versatility make them necessary for offshore disquisition and product conditioning.
   

• Industrial: Anchor Handling Tug Supply (AHTS) vessels support industrial operations by aiding in offshore construction, subsea string laying, and hauling heavy equipment. They give logistics, transport materials, and insure stability for floating structure, making them essential for large- scale marine and energy systems.
   

• Others: Anchor Handling Tug Supply (AHTS) vessels serve various applications beyond oil & gas and artificial sectors, including exigency response, hunt and deliverance, firefighting, and deep- Ocean salvage operations. They also support offshore wind granges and marine exploration peregrinations in gruelling surroundings.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.        

Driving Factor

Growth in Offshore Oil & Gas Exploration to Aid Market Growth

A factor in the anchor handling tug supply vessels market growth is the increasing demand for oil and gas, especially from deep-water and ultra-deep-water reserves. As energy companies expand their offshore drilling operations, the need for important vessels to handle anchors, hitch equipages, and transport inventories has risen significantly. Countries like Brazil, Norway, and the U.S. are investing heavily in offshore disquisition, farther boosting market demand. Also, advancements in offshore technology enable deeper drilling, taking technical AHTS vessels with high power and dynamic positioning capabilities, driving sustained growth in the market.

Expansion of Offshore Wind Energy Projects to Drive Market Growth

The rapid expansion of offshore wind farms are another key aspect of the anchor handling tug supply vessels market. Governments worldwide are investing in renewable energy, adding the demand for AHTS vessels to install and maintain wind turbines in deep- ocean locales. These vessels are used for anchor running, towing installation platforms, and transporting essential factors. Europe and Asia- Pacific, in particular, are seeing large- scale offshore wind energy systems, fueling the need for advanced AHTS vessels. As the renewable energy sector continues to grow, AHTS vessels will play a critical part in supporting offshore structure and conservation conditioning.

Restraining Factor

High Operational and Maintenance Costs to Restrain Market Progress

The high operational and maintenance cost associated with these specialized vessels poses a significant restraining factor for the growth of the anchor handling tug supply vessels market. AHTS vessels bear advanced technology, high- powered machines, and specialized crew training, leading to significant charges. Also, regular conservation, energy consumption, and compliance with strict environmental regulations further increase costs. Fluctuations in oil prices and reduced offshore disquisition conditioning can make it challenging for vessel drivers to maintain profitability. Lower drivers frequently struggle to invest in new vessels or upgrade being lines, limiting market expansion and decelerating down overall growth.

Opportunity

Rising Demand for LNG-Powered AHTS Vessels to Create Opportunity for the Product in the Market

The growing focus on reducing carbon emigrations in the maritime sector presents a significant opportunity for the Anchor Handling Tug Supply (AHTS) vessels market. Many companies are transitioning to thawed natural gas (LNG) - powered vessels, which offer lower emigrations and bettered energy effectiveness compared to traditional diesel- powered vessels. Stricter environmental regulations and the drive for greener offshore operations are accelerating this shift. Investing in LNG- powered AHTS vessels can help drivers meet sustainability pretensions while reducing long- term energy costs. As offshore diligence prioritize eco-friendly results, the demand for LNG- powered AHTS vessels is anticipated to rise, creating new market growth openings.

Challenge

Volatility in Oil Prices and Offshore Investments Could Be a Potential Challenge for Consumers

One of the crucial challenges in the Anchor Handling Tug Supply( AHTS) vessels market is the volatility of oil prices, which directly impacts offshore disquisition and product investments. When oil prices decline, energy companies frequently reduce spending on offshore systems, leading to lower demand for AHTS vessels. This unpredictability affects line application rates, causing fiscal strain on vessel drivers. Also, market fluctuations make it delicate for companies to plan long- term investments in new vessels or upgrades. The dependence on oil price stability poses a significant challenge, as ages of low prices can lead to reduced contracts and profit losses.

ANCHOR HANDLING TUG SUPPLY VESSELS MARKET REGIONAL INSIGHTS

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• North America 

The North American Anchor Handling Tug Supply (AHTS) vessels market is poised for significant expansion, driven by increased offshore oil and gas disquisition conditioning, particularly in the Gulf of Mexico. Offshore operations accounted for the United States' oil and gas product, a trend anticipated to continue. Systems like Chevron's Anchor Project and Total's North Platte oil field development emphasize the region's commitment to deep- water disquisition, challenging advanced AHTS vessels for anchor running and towing operations.

• Europe

The European Anchor Handling Tug Supply (AHTS) vessels market is passing significant growth, driven by increased offshore oil and gas disquisition conditioning and the expansion of offshore wind energy systems. The United Kingdom leads this expansion, supported by substantial investments in clean energy enterprise and offshore wind conditioning. Also, the North Sea remains a focal point for offshore drilling, challenging advanced AHTS vessels for anchor running and towing operations. The region's commitment to renewable energy and sustainable practices further propels the demand for ultramodern, effective AHTS vessels.

• Asia

The region dominates the anchor handling tug supply vessels market share. In Asia- Pacific region significant player in the offshore support vessels market, with a projected composite periodic growth rate (CAGR) exceeding in the coming times. This growth is driven by increased offshore oil and gas disquisition, particularly in countries like China, which has made substantial discoveries in the Bohai Sea. Also, the region is witnessing a transformation toward renewable energy, including offshore wind granges. These developments emphasize Asia's dominant position in the anchor handling haul force vessels market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

Key enterprise players are shaping the anchor handling tug supply vessels marketplace through strategic innovation and marketplace growth. These agencies are introducing superior milling strategies to beautify the fine and nutritional profile. They are also increasing their product traces to include specialized versions like organic and vertical farming, catering to various purchaser preferences. Additionally, they may be leveraging virtual systems for greater market reach and distribution performance. By making an investment in research and improvement, improving delivery chain managements, and exploring new regional markets, those players are riding a boom and setting traits within the anchor handling tug supply vessels enterprise.

List Of Top Profiled Companies

• Fairway Offshore Limited (Nigeria)
• Maritime Support Services Limited (Nigeria)
• Seacontractors (Netherlands)
• Petromarine Nigeria Limited (Nigeria)
• WÄRTSILÄ (Finland)
• Harmony Marine Shipbrokers Ltd (Malta)
• Aquashield Oil & Marine Services Limited (AQS) (Nigeria)
• Tethys Plantgeria Ltd (Nigeria)
• Solstad Offshore ASA (Norway)

KEY INDUSTRIAL DEVELOPMENT

February 2025: Wärtsilä launched its next-generation 46TS engine, designed to balance renewable energy and enhance power plant performance. This large-bore engine offers over 51% efficiency, reducing fuel consumption and emissions. It provides fast-ramping capabilities, reaching full power in two minutes, and operates optimally even at minimal loads, supporting grid stability amid renewable fluctuations. The 46TS is future-proof, capable of running on sustainable fuels, aligning with decarbonization goals. Its modular design allows for easy scaling, accommodating increasing renewable shares in power systems.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.