| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 970.8 Million |
| 2025 Market Size | USD 1,072.7 Million |
| 2030 Forecast | USD 1,805.7 Million |
| Growth Rate (CAGR) | 10.9% |
| Largest Province | Eastern Region |
| Fastest Growing Province | Eastern Region |
| Nature of the Market | Consolidated |
| Largest Application Category | Oil & Gas |
|
The Saudi Arabian offshore crane market will generate an estimated revenue of USD 970.8 million in 2024, which is expected to witness a CAGR of 10.9% during 2024–2030, to reach USD 1,805.7 million by 2030. The major factors responsible for the growth of the market include the increasing demand for offshore oil & gas exploration and expanding offshore wind energy industry. These factors are, in turn, propelling the scale of construction and maintenance operations in Saudi Arabia’s territorial waters.
Furthermore, the rise in the investments in offshore projects and the increase in the demand for advanced lifting equipment will fuel the progress of the market in the coming years.
Want a report tailored exactly to your business need?
Request Customization
Working with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
India
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws
Customize the Report to Align with Your Business Objectives
Request the Free Sample Pages