Market Size of Europe Offshore Helicopter Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Offshore Helicopters Market Analysis
The Europe offshore helicopter services market is expected to grow at a CAGR of more than 4.5% during the forecast period of 2020 - 2025. Factors such as rising deep-water offshore development activity, increasing decommissioning activities, and improved viability of offshore oil and gas projects are expected to be major drivers driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern helicopters, has been a significant factor for the growth of the Europe offshore helicopter services market. However, competition from less expensive crew transfer vessels has somewhat hampered the growth of the market.
- The oil & gas industry sector is expected to dominate the market in the forecast period, owing to factors like increasing offshore exploration and production activity to compensate for declining onshore oil & gas fields and rise in the number of decommissioning projects.
- The offshore wind industry is expected to provide an excellent opportunity for the Europe offshore helicopter services market in the forecast period. With the growth in offshore wind power generation, there arises the need for transportation to offshore structures. This requirement is being increasingly and reliably fulfilled by helicopters. Unlike the earlier offshore wind farms that had easier access to boats, the newly built wind farms are located farther, thus making helicopters a viable option for such transportation requirements.
- Norway is expected to dominate the market, over rising offshore oil & gas exploration and production. The country is the biggest oil& gas producer in the region.
