Growing demand of oil & gas and other offshore activities with increasing investment in modernization of infrastructure of oil platform and wells is expected to drive the offshore support vessel market.
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Growing demand of oil & gas and other offshore activities with increasing investment in modernization of infrastructure of oil platform and wells is expected to drive the offshore support vessel market. It is estimated to reach $91,228.8 million by 2018, with a CAGR of 5.7% from 2013 to 2018. U S- Gulf of Mexico (GOM), with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years. In terms of vessel count (demand), APAC is dominating the market.
Offshore Support Vessel Market By Type & By Geography - Global Trends & Forecast To 2018
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