Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Offshore Support Vehicle Market size was valued at USD 18.22 billion in 2024 and is expected to reach USD 43.38 billion by 2037, registering around 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of offshore support vehicle is assessed at USD 19.29 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.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of offshore support vehicle is assessed at USD 19.29 billion.
Offshore Support Vehicle Market size was valued at USD 18.22 billion in 2024 and is expected to reach USD 43.38 billion by 2037, registering around 6.9% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to account for largest revenue share by 2037, ascribed to rise in investments for E&P activities from oil & gas companies, and increasing production from conventional and unconventional oil reservoirs in the region.
The major players in the market are Bourbon Corporation SA, Tidewater Inc., Seacor Marine Holdings Inc., Maersk Supply Service A/S. Solstad Offshore ASA, and others.
