Report cover image

Offshore Rental Equipment Market Size, Share, and Outlook, 2025 Report- By Type (Drill equipment, Flow, Pressure equipment), By End-User (Oil and gas industry, Marine engineering, Exploration), 2018-2032

Publisher VPA Research
Published Feb 10, 2025
Length 196 Pages
SKU # VPA19586532

Description

Offshore Rental Equipment Market Outlook

Offshore Rental Equipment Market Size is forecast to reach $33.6 Billion in 2032 from $20.9 Billion in 2025, at an optimistic growth rate of 6.9% from 2025 to 2032. The robust Offshore Rental Equipment Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Offshore Rental Equipment Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Drill equipment, Flow, Pressure equipment), By End-User (Oil and gas industry, Marine engineering, Exploration). Over 70 tables and charts showcase findings from our latest survey report on Offshore Rental Equipment Markets.

Offshore Rental Equipment Market Insights, 2025: Offshore Rental Equipment – Key Drivers and Opportunities

Offshore rental equipment is in high demand for offshore oil, gas, and renewable energy projects due to the specialized nature of the equipment and the need for cost-effective solutions. The key driver for this market is the growing number of offshore energy exploration and production activities, which require heavy-duty machinery, drilling rigs, and other specialized equipment. Renting offshore equipment allows companies to access high-quality machinery without the significant upfront investment, making it an attractive solution for both large-scale energy companies and smaller operators.

Opportunities in the offshore rental equipment market include the increasing demand for eco-friendly and energy-efficient equipment, as industries look to minimize their environmental footprint and reduce operating costs. The expansion of offshore wind energy projects also presents an opportunity, as new and specialized rental equipment is required to meet the unique needs of these projects. Additionally, the trend towards digitalization and automation in offshore operations creates opportunities for rental companies to offer technologically advanced equipment with integrated monitoring and predictive maintenance features. By offering specialized, high-performance, and environmentally compliant equipment, companies can capture significant market share in this growing sector.

Five Trends that will define global Offshore Rental Equipment Market in 2025 and Beyond

A closer look at the multi-million global market for Offshore Rental Equipment Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Offshore Rental Equipment Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Offshore Rental Equipment Industry?

The Offshore Rental Equipment Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Offshore Rental Equipment Market Segment Insights

The Offshore Rental Equipment Industry presents strong offers across categories. The analytical report offers forecasts of Offshore Rental Equipment Industry performance across segments and countries. Key segments in the industry include- By Type (Drill equipment, Flow, Pressure equipment), By End-User (Oil and gas industry, Marine engineering, Exploration). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Offshore Rental Equipment Market size outlook is provided for 22 countries across these regions.

Offshore Rental Equipment Industry Value Chain

The chapter identifies potential companies and their operations across the global Offshore Rental Equipment Industry ecosystem. It assists decision-makers in evaluating global Offshore Rental Equipment Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Offshore Rental Equipment Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Offshore Rental Equipment Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Offshore Rental Equipment Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Offshore Rental Equipment Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Offshore Rental Equipment Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Offshore Rental Equipment Market Insights- Executives are most excited about opportunities for the US Offshore Rental Equipment Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Offshore Rental Equipment Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Offshore Rental Equipment Market.

Latin American Offshore Rental Equipment Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Offshore Rental Equipment Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Offshore Rental Equipment Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Offshore Rental Equipment Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Offshore Rental Equipment Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Aquaterra Energy Ltd, Ashtead technology Ltd, Baker Hughes Co., BESTWAY OILFIELDS FZCO, Bois Equipment Rentals BV, Certified Oilfield Rentals LLC, China Oilfield Services Ltd, Ensign Energy Services Inc, Halliburton Co., Norwegian Offshore Rental AS, NOV Inc, Offshore Rental and Support, Oil States International Inc, Parker Drilling Co., Schlumberger Ltd.

Offshore Rental Equipment Market Scope and Segmentation

By Type

Drill equipment

Flow

Pressure equipment

By End-User

Oil and gas industry

Marine engineering

Exploration

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Offshore Rental Equipment Market Research-

Aquaterra Energy Ltd

Ashtead technology Ltd

Baker Hughes Co.

BESTWAY OILFIELDS FZCO

Bois Equipment Rentals BV

Certified Oilfield Rentals LLC

China Oilfield Services Ltd

Ensign Energy Services Inc

Halliburton Co.

Norwegian Offshore Rental AS

NOV Inc

Offshore Rental and Support

Oil States International Inc

Parker Drilling Co.

Schlumberger Ltd

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

196 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Offshore Rental Equipment Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Offshore Rental Equipment Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Offshore Rental Equipment Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Offshore Rental Equipment Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Offshore Rental Equipment Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Type
Drill equipment
Flow
Pressure equipment
By End-User
Oil and gas industry
Marine engineering
Exploration
6. Global Offshore Rental Equipment Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Offshore Rental Equipment Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Offshore Rental Equipment Market Trends and Growth Opportunities
6.2.1 North America Offshore Rental Equipment Market Outlook by Type
6.2.2 North America Offshore Rental Equipment Market Outlook by Application
6.3 North America Offshore Rental Equipment Market Outlook by Country
6.3.1 The US Offshore Rental Equipment Market Outlook, 2021- 2032
6.3.2 Canada Offshore Rental Equipment Market Outlook, 2021- 2032
6.3.3 Mexico Offshore Rental Equipment Market Outlook, 2021- 2032
7. Europe Offshore Rental Equipment Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Offshore Rental Equipment Market Trends and Growth Opportunities
7.2.1 Europe Offshore Rental Equipment Market Outlook by Type
7.2.2 Europe Offshore Rental Equipment Market Outlook by Application
7.3 Europe Offshore Rental Equipment Market Outlook by Country
7.3.2 Germany Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.3 France Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.4 The UK Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.5 Spain Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.6 Italy Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.7 Russia Offshore Rental Equipment Market Outlook, 2021- 2032
7.3.8 Rest of Europe Offshore Rental Equipment Market Outlook, 2021- 2032
8. Asia Pacific Offshore Rental Equipment Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Offshore Rental Equipment Market Trends and Growth Opportunities
8.2.1 Asia Pacific Offshore Rental Equipment Market Outlook by Type
8.2.2 Asia Pacific Offshore Rental Equipment Market Outlook by Application
8.3 Asia Pacific Offshore Rental Equipment Market Outlook by Country
8.3.1 China Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.2 India Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.3 Japan Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.4 South Korea Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.5 Australia Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.6 South East Asia Offshore Rental Equipment Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Offshore Rental Equipment Market Outlook, 2021- 2032
9. South America Offshore Rental Equipment Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Offshore Rental Equipment Market Trends and Growth Opportunities
9.2.1 South America Offshore Rental Equipment Market Outlook by Type
9.2.2 South America Offshore Rental Equipment Market Outlook by Application
9.3 South America Offshore Rental Equipment Market Outlook by Country
9.3.1 Brazil Offshore Rental Equipment Market Outlook, 2021- 2032
9.3.2 Argentina Offshore Rental Equipment Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Offshore Rental Equipment Market Outlook, 2021- 2032
10. Middle East and Africa Offshore Rental Equipment Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Offshore Rental Equipment Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Offshore Rental Equipment Market Outlook by Type
10.2.2 Middle East and Africa Offshore Rental Equipment Market Outlook by Application
10.3 Middle East and Africa Offshore Rental Equipment Market Outlook by Country
10.3.1 Saudi Arabia Offshore Rental Equipment Market Outlook, 2021- 2032
10.3.2 The UAE Offshore Rental Equipment Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Offshore Rental Equipment Market Outlook, 2021- 2032
10.3.4 South Africa Offshore Rental Equipment Market Outlook, 2021- 2032
10.3.5 Egypt Offshore Rental Equipment Market Outlook, 2021- 2032
10.3.6 Rest of Africa Offshore Rental Equipment Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
Aquaterra Energy Ltd
Ashtead technology Ltd
Baker Hughes Co.
BESTWAY OILFIELDS FZCO
Bois Equipment Rentals BV
Certified Oilfield Rentals LLC
China Oilfield Services Ltd
Ensign Energy Services Inc
Halliburton Co.
Norwegian Offshore Rental AS
NOV Inc
Offshore Rental and Support
Oil States International Inc
Parker Drilling Co.
Schlumberger Ltd
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.