Global Offshore Rental Equipment Market Growth (Status and Outlook) 2026-2032

The global Offshore Rental Equipment market size is predicted to grow from US$ 1052 million in 2025 to US$ 1832 million in 2032; it is expected to grow at a CAGR of 8.3% from 2026 to 2032.

Offshore equipment leasing refers to short- to medium-term rental services for specialized equipment used in offshore operations such as offshore oil and gas, offshore wind power, and marine engineering construction. These services include lifting, seabed operations, testing and surveying, temporary power supply, and safety assurance. The services typically include transportation, commissioning, maintenance, and compliance documentation, helping projects reduce costs, increase efficiency, and enhance flexibility.

Global Market Future Development Trends: The expansion and increasing scale of offshore wind power will continue to drive leasing demand, especially for "critical bottleneck equipment" during the installation/operation and maintenance phases, such as hoisting tools, tensioning and cable-laying equipment, positioning and measurement, and inspection and testing. These components are increasingly favored for leasing to shorten delivery cycles and reduce one-time CAPEX.

On the oil and gas side, with the extension of existing asset lifespans and brownfield redevelopment, the window for maintenance, integrity management, and downtime maintenance is shrinking, driving the growth of bundled leasing packages of "equipment + personnel + engineering." At the same time, there is a greater emphasis on high reliability, traceability, and rapid mobilization capabilities, with regional hub-based backup depots and cross-border deployments becoming more common.

Digitalization and compliance are driving industry upgrades: Remote monitoring, predictive maintenance, electronic certificates, and asset tracking (RFID/IoT) will improve turnover and utilization rates. Low-carbon requirements are promoting the widespread adoption of electrified/hybrid temporary power, energy-saving heating, and more environmentally friendly operating solutions. Lessors are capturing premiums through standardized modules and service depth.

LPI (LP Information)' newest research report, the “Offshore Rental Equipment Industry Forecast” looks at past sales and reviews total world Offshore Rental Equipment sales in 2025, providing a comprehensive analysis by region and market sector of projected Offshore Rental Equipment sales for 2026 through 2032. With Offshore Rental Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore Rental Equipment industry.

This Insight Report provides a comprehensive analysis of the global Offshore Rental Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Offshore Rental Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Offshore Rental Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore Rental Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore Rental Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Rental Equipment market by product type, application, key players and key regions and countries.

Segmentation by Type:
Shallow Nearshore Waters
Medium Nearshore Waters
Deep Waters and Ultra-Deep Waters

Segmentation by Leasing Models:
Pure Equipment Leasing
Equipment + Operators
Integrated Project Leasing

Segmentation by Equipment Rental Types:
Lifting and Hoisting
Undersea Operations and Inspection Equipment
Other

Segmentation by Application:
Oil and Gas
Marine Engineering
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Atlas Copco Rental (Atlas Copco)
Tiger Offshore Rentals (Tiger Offshore Rentals)
Motive Offshore (Motive Offshore)
Ashtead Technology (Ashtead Technology)
Unique Group (uniquegroup.com)
STR Subsea (STR)
Maritime Developments Ltd (MDL) (Maritime Developments)
Rental Technology & Services (RTS) (rts.as)
VIKING Life-Saving Equipment
PVE Equipment USA (PVE USA)
Oceanteam Solutions (Oceanteam)
McDonough Marine Service
Stallion Infrastructure Services
Caltex Oil Tools (Caltex Oil Tools)
Atlantic Oceanic (UK)

Please note: The report will take approximately 2 business days to prepare and deliver. Show more