Global Large Rig Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Large Rig market size was valued at US$ 3487 million in 2024 and is forecast to a readjusted size of USD 5139 million by 2031 with a CAGR of 5.8% during review period.

Large-scale drilling rigs that can drill into the earth"s crust to a depth of more than a thousand meters. During drilling, the mud pump circulates the mud through the drill pipe and bit into the casing annulus, cools the bit and removes cuttings. The lifting system on the drilling rig can lift hundreds of tons of drill pipe. Other equipment can pump acid or sand into the reservoir, conduct fracturing operations, and direct crude oil or natural gas away from the reservoir to the surface.

According to research data from our company"s "Engineering Machinery Research Center", the total sales revenue of the top 50 global engineering machinery manufacturers reached 230 billion US dollars in 2022. Asian companies have an absolute advantage, accounting for 50% of sales revenue, followed by Europe, accounting for 26% of sales revenue, and North America, accounting for 23%. The top 50 global host manufacturing companies, Construction Machinery, sold approximately 1.2 million units of construction machinery equipment in 2021, with sales increasing by 9%. China is currently the world"s largest factory machinery market, with construction machinery enterprises accounting for 24% of total sales in 2022, making it the country with the highest proportion. According to data from the China Machinery Industry Federation, the operating revenue of the construction machinery industry decreased by more than 12% in 2022. The operating revenue of the Chinese construction machinery industry in 2022 was 797.7 billion yuan, and China"s annual export value reached 44.3 billion US dollars, with a net increase in export value of 23.3 billion US dollars in two years.

This report is a detailed and comprehensive analysis for global Large Rig market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Large Rig market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Large Rig market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Large Rig market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Large Rig market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Large Rig

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Large Rig market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Epiroc, Furukawa Rock Drill, Herrenknecht AG, Joy Mining Machinery, Mine Master, Resemin, Sandvik Mining and Rock Technology, XCMG, Komatsu Mining Corp., J.H. Fletcher, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Large Rig market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Single Arm
Double Arm
Multi Arm

Market segment by Application
Mining
Railway and Highway Construction
Others

Major players covered
Epiroc
Furukawa Rock Drill
Herrenknecht AG
Joy Mining Machinery
Mine Master
Resemin
Sandvik Mining and Rock Technology
XCMG
Komatsu Mining Corp.
J.H. Fletcher
Sitoncn

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Large Rig product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Large Rig, with price, sales quantity, revenue, and global market share of Large Rig from 2020 to 2025.

Chapter 3, the Large Rig competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Large Rig breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Large Rig market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Large Rig.

Chapter 14 and 15, to describe Large Rig sales channel, distributors, customers, research findings and conclusion.