Global Large Rig Market Growth 2023-2029

Global Large Rig Market Growth 2023-2029

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.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Large Rig 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 Large Rig.

The global Large Rig 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 Large Rig 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 Large Rig 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 Large Rig is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Large Rig players cover Epiroc, Furukawa Rock Drill, Herrenknecht AG, Joy Mining Machinery, Mine Master, Resemin, Sandvik Mining and Rock Technology, XCMG and Komatsu Mining Corp., 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 Large Rig market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Arm
Double Arm
Multi Arm

Segmentation by application
Mining
Railway and Highway Construction
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.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Large Rig market?

What factors are driving Large Rig market growth, globally and by region?

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

How do Large Rig market opportunities vary by end market size?

How does Large Rig 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.