| Product Code: ETC6188538 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The platform supply vessels (PSV) market in Australia supports offshore oil and gas operations by providing transportation of goods, equipment, and personnel to offshore platforms. With continued offshore exploration and production activities, demand for reliable and technologically advanced PSVs remains strong. The market is influenced by factors such as vessel capacity, fuel efficiency, and compliance with environmental regulations. Increasing focus on operational safety and support for subsea operations also shape the market landscape.
The platform supply vessels (PSV) market in Australia is influenced by offshore oil and gas activity and renewable energy projects, such as offshore wind farms. Demand for modern, multi-functional PSVs equipped with advanced navigation and cargo handling systems is rising. The market also trends towards environmentally friendly vessels with lower emissions and fuel-efficient designs to comply with stringent maritime regulations.
The Platform Supply Vessels (PSV) Market in Australia contends with fluctuating offshore oil and gas exploration activities, which directly affect demand. High operating and maintenance costs, combined with strict maritime safety and environmental regulations, increase operational complexity. There is also a shortage of skilled maritime professionals and advanced vessels capable of meeting evolving offshore requirements. Technological advancements for automation and fuel efficiency are necessary but costly to implement. The global economic environment further impacts investment in new vessels.
The offshore oil & gas and growing offshore wind industries offer robust potential for platform supply vessels (PSVs). Investment in hybrid or electric PSVs and vessels with dynamic positioning and automation capabilities is especially attractive as energy companies prioritize sustainability. Leasing models, fleet modernization, and green retrofitting services can provide investors with recurring revenue streams.
Government marine policies, governed by the Australia Maritime Safety Authority (AMSA), dictate standards for offshore vessels including Platform Supply Vessels (PSVs). Compliance with the Marine Orders and International Maritime Organization (IMO) conventions is mandatory. Policies emphasize safety, environmental compliance, and support for local shipbuilding through grants and subsidies under Australia Defence and Maritime industries programs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Platform Supply Vessels Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Platform Supply Vessels Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Platform Supply Vessels Market - Industry Life Cycle |
3.4 Australia Platform Supply Vessels Market - Porter's Five Forces |
3.5 Australia Platform Supply Vessels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Australia Platform Supply Vessels Market Revenues & Volume Share, By Deadweight Tonnage (DWT), 2021 & 2031F |
4 Australia Platform Supply Vessels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in offshore oil and gas exploration activities in Australia |
4.2.2 Increasing demand for energy resources leading to higher offshore drilling activities |
4.2.3 Government initiatives and investments in the oil and gas sector |
4.3 Market Restraints |
4.3.1 Volatility in global oil prices impacting investment decisions in the offshore sector |
4.3.2 Regulatory challenges and environmental concerns related to offshore drilling activities |
5 Australia Platform Supply Vessels Market Trends |
6 Australia Platform Supply Vessels Market, By Types |
6.1 Australia Platform Supply Vessels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Platform Supply Vessels Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Australia Platform Supply Vessels Market Revenues & Volume, By Cargo, 2021- 2031F |
6.1.4 Australia Platform Supply Vessels Market Revenues & Volume, By Support, 2021- 2031F |
6.2 Australia Platform Supply Vessels Market, By Deadweight Tonnage (DWT) |
6.2.1 Overview and Analysis |
6.2.2 Australia Platform Supply Vessels Market Revenues & Volume, By Small, 2021- 2031F |
6.2.3 Australia Platform Supply Vessels Market Revenues & Volume, By Medium, 2021- 2031F |
6.2.4 Australia Platform Supply Vessels Market Revenues & Volume, By Large, 2021- 2031F |
7 Australia Platform Supply Vessels Market Import-Export Trade Statistics |
7.1 Australia Platform Supply Vessels Market Export to Major Countries |
7.2 Australia Platform Supply Vessels Market Imports from Major Countries |
8 Australia Platform Supply Vessels Market Key Performance Indicators |
8.1 Average utilization rate of platform supply vessels in Australian waters |
8.2 Number of new contracts awarded for platform supply vessel services |
8.3 Average day rates for platform supply vessel charters in Australia |
8.4 Fleet size and age profile of platform supply vessels operating in Australian waters |
9 Australia Platform Supply Vessels Market - Opportunity Assessment |
9.1 Australia Platform Supply Vessels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Australia Platform Supply Vessels Market Opportunity Assessment, By Deadweight Tonnage (DWT), 2021 & 2031F |
10 Australia Platform Supply Vessels Market - Competitive Landscape |
10.1 Australia Platform Supply Vessels Market Revenue Share, By Companies, 2024 |
10.2 Australia Platform Supply Vessels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
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