According to a new report by, the global Offshore Supply Vessel (OSV) market was valued at USD 13.24 billion in 2024 and is projected to reach USD 21.51 billion by 2032, expanding at a CAGR of 7.4% during the forecast period.
Offshore Supply Vessels are specialized marine vessels used to transport cargo, equipment, supplies, and personnel to offshore oil rigs, production platforms, and renewable energy installations. The market is witnessing strong growth due to increasing offshore exploration and production (E&P) activities, expanding deepwater projects, and rising investments in offshore wi