Market Size of Off-shore Helicopters Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Off-shore Helicopters Market Analysis
The Off-Shore Helicopter Market is expected to grow at a CAGR of 5% during the forecast period.
The COVID-19 pandemic had a moderate effect on the market. But the market became stable within a short time and has also grown in 2021 and 2022. With the increase in fuel prices and the increase in demand for fuel, companies have started new oil and gas rig installation projects, which has resulted in an increase in the off-shore helicopters market. Companies also opt for leasing the helicopters instead of purchasing them, which also generated revenue for the market, further resulting in market growth.