Global Horizontal Directional Drilling Market Growth 2023-2029

Global Horizontal Directional Drilling Market Growth 2023-2029

Horizontal directional drilling (HDD), commonly called directional boring, is a steerable trenchless method of installing underground pipes, conduits and cables in a shallow arc along a prescribed bore path by using a surface-launched drilling rig, with minimal impact on the surrounding area. Directional boring is used when trenching or excavating is not practical. It is suitable for a variety of soil conditions and jobs including road, landscape and river crossings.

LPI (LP Information)' newest research report, the “Horizontal Directional Drilling Industry Forecast” looks at past sales and reviews total world Horizontal Directional Drilling sales in 2022, providing a comprehensive analysis by region and market sector of projected Horizontal Directional Drilling sales for 2023 through 2029. With Horizontal Directional Drilling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Horizontal Directional Drilling industry.

This Insight Report provides a comprehensive analysis of the global Horizontal Directional Drilling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Horizontal Directional Drilling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Horizontal Directional Drilling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Horizontal Directional Drilling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Horizontal Directional Drilling.

The global Horizontal Directional Drilling market size is projected to grow from US$ 902.1 million in 2022 to US$ 1090 million in 2029; it is expected to grow at a CAGR of 1090 from 2023 to 2029.

Global core horizontal directional drilling manufacturers include Charles Machine Works, XCMG etc.The top 3 companies hold a share about 60%.Asia Pacific is the largest market, with a share about 45%, followed by North America and Europe with the share about 38% and 10%.In terms of product, small HDD is the largest segment, with a share over 55%. And in terms of application, the largest application is telecommunication, followed by water related.

This report presents a comprehensive overview, market shares, and growth opportunities of Horizontal Directional Drilling market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Small HDD
Medium HDD
Large HDD

Segmentation by application
Oil and Gas
Telecommunication
Water Related
Electric Transmission
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Charles Machine Works
XCMG
Vermeer
Goodeng Machine
Herrenknecht AG
Dilong
Drillto
DW/TXS
CHTC JOVE
Huanghai
TRACTO-TECHNIK
Guangxi Huali
Barbco
Terra
Prime Drilling

Key Questions Addressed in this Report

What is the 10-year outlook for the global Horizontal Directional Drilling market?

What factors are driving Horizontal Directional Drilling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Horizontal Directional Drilling market opportunities vary by end market size?

How does Horizontal Directional Drilling break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.