Offshore Support Vehicle Market Size

Offshore Support Vehicle Market size was valued at USD 17.04 billion in 2023 and is set to cross USD 40.57 billion by 2036, registering more than 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of offshore support vehicle is evaluated at USD 17.98 billion. Escalating demand for dynamic positioning drilling rigs, and rapidly rising requirement of energy globally are expected to drive market growth in the forthcoming years. Furthermore, upsurge in the development of regasification terminals and intra-regional gas pipeline infrastructure is projected to offer ample growth opportunities to the market in the near future.