Global Horizontal Drilling Rigs Market Growth 2023-2029

Global Horizontal Drilling Rigs Market Growth 2023-2029

A horizontal drilling rig is an integrated system that drills wells, such as oil or water wells, in the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers.

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

This Insight Report provides a comprehensive analysis of the global Horizontal Drilling Rigs 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 Drilling Rigs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Horizontal Drilling Rigs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Horizontal Drilling Rigs 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 Drilling Rigs.

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

United States market for Horizontal Drilling Rigs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Horizontal Drilling Rigs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Horizontal Drilling Rigs is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Horizontal Drilling Rigs players cover Sandvik, Xuzhou Construction Machinery Group, HYDRA, Epiroc Trading, Soilmec, Ditch Witch, Boart Longyear, Herrenknecht and Vermeer, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Crawler Drilling Rigs
Wheeled Drilling Rigs

Segmentation by application
Mining
Oil & Gas

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.
Sandvik
Xuzhou Construction Machinery Group
HYDRA
Epiroc Trading
Soilmec
Ditch Witch
Boart Longyear
Herrenknecht
Vermeer
Montabert
MEMPEX
BAUER Group

Key Questions Addressed in this Report

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

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

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

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

How does Horizontal Drilling Rigs 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.