Global Downhole Tools Market 2024-2028

Global Downhole Tools Market 2024-2028


Global Downhole Tools Market 2024-2028

The downhole tools market is forecasted to grow by USD 9.8 bn during 2023-2028, accelerating at a CAGR of 4.82% during the forecast period. The report on the downhole tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in unconventional oil and gas resources, growing popularity of offshore field operations, and discovery of new oilfields and refineries.

Technavio's downhole tools market is segmented as below:
  • By Application
  • Drilling
  • Well intervention
  • Completion
  • By Geographical Landscape
  • North America
  • Middle East and Africa
  • Europe
  • APAC
  • South America
This study identifies the new-generation automated drilling rigs as one of the prime reasons driving the downhole tools market growth during the next few years. Also, introduction of laser drilling and rise in deep and ultra-deepwater drilling projects will lead to sizable demand in the market.

The report on the downhole tools market covers the following areas:
  • Downhole tools market sizing
  • Downhole tools market forecast
  • Downhole tools market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading downhole tools market vendors that include Aker Solutions ASA, AKITA Drilling Ltd, American Oilfield Tools Inc., Archer Ltd., Baker Hughes Co., Dril Quip Inc., General Electric Co., Halliburton Co., Hunting Plc, Innovex, NexTier Oilfield Solutions Inc., Nine Energy Service Inc, NOV Inc., Schlumberger Ltd., Schoeller Bleckmann Oilfield Equipment AG, Superior Energy Services Inc., Tasman Oil Tools Ltd., The Weir Group Plc, Tryton Tool Services, and Weatherford International Plc. Also, the downhole tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Downhole Tools Market 2018 - 2022
Historic Market Size - Data Table on Global Downhole Tools Market 2018 - 2022 ($ billion)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Drilling - Market size and forecast 2023-2028
Chart on Drilling - Market size and forecast 2023-2028 ($ billion)
Data Table on Drilling - Market size and forecast 2023-2028 ($ billion)
Chart on Drilling - Year-over-year growth 2023-2028 (%)
Data Table on Drilling - Year-over-year growth 2023-2028 (%)
6.4 Well intervention - Market size and forecast 2023-2028
Chart on Well intervention - Market size and forecast 2023-2028 ($ billion)
Data Table on Well intervention - Market size and forecast 2023-2028 ($ billion)
Chart on Well intervention - Year-over-year growth 2023-2028 (%)
Data Table on Well intervention - Year-over-year growth 2023-2028 (%)
6.5 Completion - Market size and forecast 2023-2028
Chart on Completion - Market size and forecast 2023-2028 ($ billion)
Data Table on Completion - Market size and forecast 2023-2028 ($ billion)
Chart on Completion - Year-over-year growth 2023-2028 (%)
Data Table on Completion - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Market opportunity by Application ($ billion)
Data Table on Market opportunity by Application ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.4 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 Saudi Arabia - Market size and forecast 2023-2028
Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
8.10 Russia - Market size and forecast 2023-2028
Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Chart on Russia - Year-over-year growth 2023-2028 (%)
Data Table on Russia - Year-over-year growth 2023-2028 (%)
8.11 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.12 Brazil - Market size and forecast 2023-2028
Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
Chart on Brazil - Year-over-year growth 2023-2028 (%)
Data Table on Brazil - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Archer Ltd.
Archer Ltd. - Overview
Archer Ltd. - Business segments
Archer Ltd. - Key news
Archer Ltd. - Key offerings
Archer Ltd. - Segment focus
11.4 Baker Hughes Co.
Baker Hughes Co. - Overview
Baker Hughes Co. - Business segments
Baker Hughes Co. - Key news
Baker Hughes Co. - Key offerings
Baker Hughes Co. - Segment focus
11.5 Dril Quip Inc.
Dril Quip Inc. - Overview
Dril Quip Inc. - Business segments
Dril Quip Inc. - Key news
Dril Quip Inc. - Key offerings
Dril Quip Inc. - Segment focus
11.6 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
11.7 Halliburton Co.
Halliburton Co. - Overview
Halliburton Co. - Business segments
Halliburton Co. - Key news
Halliburton Co. - Key offerings
Halliburton Co. - Segment focus
11.8 NOV Inc.
NOV Inc. - Overview
NOV Inc. - Business segments
NOV Inc. - Key news
NOV Inc. - Key offerings
NOV Inc. - Segment focus
11.9 Schlumberger Ltd.
Schlumberger Ltd. - Overview
Schlumberger Ltd. - Business segments
Schlumberger Ltd. - Key news
Schlumberger Ltd. - Key offerings
Schlumberger Ltd. - Segment focus
11.10 Schoeller Bleckmann Oilfield Equipment AG
Schoeller Bleckmann Oilfield Equipment AG - Overview
Schoeller Bleckmann Oilfield Equipment AG - Business segments
Schoeller Bleckmann Oilfield Equipment AG - Key offerings
Schoeller Bleckmann Oilfield Equipment AG - Segment focus
11.11 Superior Energy Services Inc.
Superior Energy Services Inc. - Overview
Superior Energy Services Inc. - Business segments
Superior Energy Services Inc. - Key offerings
Superior Energy Services Inc. - Segment focus
11.12 Weatherford International Plc
Weatherford International Plc - Overview
Weatherford International Plc - Business segments
Weatherford International Plc - Key news
Weatherford International Plc - Key offerings
Weatherford International Plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Application
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Downhole Tools Market 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Application - Market share 2023-2028 (%)
Exhibits31: Data Table on Application - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Application
Exhibits33: Data Table on Comparison by Application
Exhibits34: Chart on Drilling - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Drilling - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Drilling - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Drilling - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Well intervention - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Well intervention - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Well intervention - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Well intervention - Year-over-year growth 2023-2028 (%)
Exhibits42: Chart on Completion - Market size and forecast 2023-2028 ($ billion)
Exhibits43: Data Table on Completion - Market size and forecast 2023-2028 ($ billion)
Exhibits44: Chart on Completion - Year-over-year growth 2023-2028 (%)
Exhibits45: Data Table on Completion - Year-over-year growth 2023-2028 (%)
Exhibits46: Market opportunity by Application ($ billion)
Exhibits47: Data Table on Market opportunity by Application ($ billion)
Exhibits48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits49: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits50: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits51: Chart on Geographic comparison
Exhibits52: Data Table on Geographic comparison
Exhibits53: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits55: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits58: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits59: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits62: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits63: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits66: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits67: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits70: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits71: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits74: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits75: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibits78: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
Exhibits79: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibits82: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibits83: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on Russia - Year-over-year growth 2023-2028 (%)
Exhibits85: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits86: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits87: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits88: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits89: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibits90: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibits91: Chart on Brazil - Year-over-year growth 2023-2028 (%)
Exhibits92: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
Exhibits93: Market opportunity By Geographical Landscape ($ billion)
Exhibits94: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits95: Impact of drivers and challenges in 2023 and 2028
Exhibits96: Overview on criticality of inputs and factors of differentiation
Exhibits97: Overview on factors of disruption
Exhibits98: Impact of key risks on business
Exhibits99: Companies covered
Exhibits100: Matrix on companies position and classification
Exhibits101: Archer Ltd. - Overview
Exhibits102: Archer Ltd. - Business segments
Exhibits103: Archer Ltd. - Key news
Exhibits104: Archer Ltd. - Key offerings
Exhibits105: Archer Ltd. - Segment focus
Exhibits106: Baker Hughes Co. - Overview
Exhibits107: Baker Hughes Co. - Business segments
Exhibits108: Baker Hughes Co. - Key news
Exhibits109: Baker Hughes Co. - Key offerings
Exhibits110: Baker Hughes Co. - Segment focus
Exhibits111: Dril Quip Inc. - Overview
Exhibits112: Dril Quip Inc. - Business segments
Exhibits113: Dril Quip Inc. - Key news
Exhibits114: Dril Quip Inc. - Key offerings
Exhibits115: Dril Quip Inc. - Segment focus
Exhibits116: General Electric Co. - Overview
Exhibits117: General Electric Co. - Business segments
Exhibits118: General Electric Co. - Key news
Exhibits119: General Electric Co. - Key offerings
Exhibits120: General Electric Co. - Segment focus
Exhibits121: Halliburton Co. - Overview
Exhibits122: Halliburton Co. - Business segments
Exhibits123: Halliburton Co. - Key news
Exhibits124: Halliburton Co. - Key offerings
Exhibits125: Halliburton Co. - Segment focus
Exhibits126: NOV Inc. - Overview
Exhibits127: NOV Inc. - Business segments
Exhibits128: NOV Inc. - Key news
Exhibits129: NOV Inc. - Key offerings
Exhibits130: NOV Inc. - Segment focus
Exhibits131: Schlumberger Ltd. - Overview
Exhibits132: Schlumberger Ltd. - Business segments
Exhibits133: Schlumberger Ltd. - Key news
Exhibits134: Schlumberger Ltd. - Key offerings
Exhibits135: Schlumberger Ltd. - Segment focus
Exhibits136: Schoeller Bleckmann Oilfield Equipment AG - Overview
Exhibits137: Schoeller Bleckmann Oilfield Equipment AG - Business segments
Exhibits138: Schoeller Bleckmann Oilfield Equipment AG - Key offerings
Exhibits139: Schoeller Bleckmann Oilfield Equipment AG - Segment focus
Exhibits140: Superior Energy Services Inc. - Overview
Exhibits141: Superior Energy Services Inc. - Business segments
Exhibits142: Superior Energy Services Inc. - Key offerings
Exhibits143: Superior Energy Services Inc. - Segment focus
Exhibits144: Weatherford International Plc - Overview
Exhibits145: Weatherford International Plc - Business segments
Exhibits146: Weatherford International Plc - Key news
Exhibits147: Weatherford International Plc - Key offerings
Exhibits148: Weatherford International Plc - Segment focus
Exhibits149: Inclusions checklist
Exhibits150: Exclusions checklist
Exhibits151: Currency conversion rates for US$
Exhibits152: Research methodology
Exhibits153: Information sources
Exhibits154: Data validation
Exhibits155: Validation techniques employed for market sizing
Exhibits156: Data synthesis
Exhibits157: 360 degree market analysis
Exhibits158: List of abbreviations

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