Pipelay Vessel Market Insights Video

According to Cognitive Market Research, the global pipelay vessel market size was USD 39581.2 million in 2024. It will rise at a compound annual growth rate (CAGR) of 4.5% between 2024 and 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 15832.5 million in 2024 and will climb at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11874.4 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 9103.7 million in 2024 and will climb at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 1979.1 million in 2024 and will climb at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 791.6 million in 2024 and will climb at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
• The reel lay method category is the fastest-growing technology segment of the pipelay vessel industry.