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Horizontal Directional Drilling Market Report by Technique (Conventional, Rotary Steerable System), Parts (Rigs, Pipes, Bits, Reamers), Application (On-shore, Off-shore), End User (Oil and Gas Excavation, Utility, Telecommunication), and Region 2024-2032

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    Report

  • 144 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946552
Description Jump to:
The global horizontal directional drilling market size reached US$ 9.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.

Horizontal directional drilling (HDD) refers to a trenchless drilling process that utilizes steerable motor assemblies for digging horizontal bores. It involves the use of rigs, bites, beamers and pipes to accurately drill along the chosen bore path and install underground pipelines, electrical semiconductors, service conduits and cables. HDD aids in increasing the contact between the reservoir and the wellbore and enhancing the overall efficiency, flexibility and cost-effectiveness. HDD can also be conducted with minimal requirements while causing negligible soil contamination or damage to the landscape. As a result, it finds extensive application across various industries, such as telecommunication, oil and gas, power and utilities.

Horizontal Directional Drilling Market Trends:

A significant increase in the onshore and offshore oil and gas exploration activities is one of the key factors driving the growth of the market. HDD is widely used for hydraulic fracturing to increase the production of oil and natural gas from thin oil zones. Additionally, the widespread product adoption for surveying, designing and construction of underground cables for the installation of underground electrical telecommunication systems is favoring the market growth. Moreover, various technological advancements, such as the utilization of automated HDD systems, are providing a thrust to the market growth. These solutions utilize computer software to plan and guide drilling tools with enhanced accuracy and minimal data-to-surface delays. In line with this, the increasing preference for HDD due to the rising environmental concerns among the masses is also contributing to the growth of the market. HDD causes minimal disturbance to the surrounding environment and maintains the condition of the drilled area. Other factors, including the implementation of various government initiatives promoting sustainable oil and gas exploration, along with the rising demand for energy, especially in developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global horizontal directional drilling market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on technique, parts, application and end user.

Breakup by Technique:

  • Conventional
  • Rotary Steerable System

Breakup by Parts:

  • Rigs
  • Pipes
  • Bits
  • Reamers

Breakup by Application:

  • On-shore
  • Off-shore

Breakup by End User:

  • Oil and Gas Excavation
  • Utility
  • Telecommunication

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Barbco Inc., China Oilfield Services Limited (China National Offshore Oil Corporation), Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd., NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation and Weatherford International plc

Key Questions Answered in This Report

1. What was the size of the global horizontal directional drilling market in 2023?
2. What is the expected growth rate of the global horizontal directional drilling market during 2024-2032?
3. What are the key factors driving the global horizontal directional drilling market?
4. What has been the impact of COVID-19 on the global horizontal directional drilling market?
5. What is the breakup of the global horizontal directional drilling market based on the technique?
6. What is the breakup of the global horizontal directional drilling market based on the application?
7. What is the breakup of the global horizontal directional drilling market based on the end user?
8. What are the key regions in the global horizontal directional drilling market?
9. Who are the key players/companies in the global horizontal directional drilling market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Horizontal Directional Drilling Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technique
6.1 Conventional
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Rotary Steerable System
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Parts
7.1 Rigs
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Pipes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bits
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Reamers
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 On-shore
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Off-shore
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Oil and Gas Excavation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Utility
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Telecommunication
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Baker Hughes Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Barbco Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 China Oilfield Services Limited (China National Offshore Oil Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Ellingson Companies
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Halliburton Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Helmerich & Payne Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Herrenknecht AG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Nabors Industries Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 NOV Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Schlumberger Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 The Toro Company
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Vermeer Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Weatherford International plc
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Horizontal Directional Drilling Market: Major Drivers and Challenges
Figure 2: Global: Horizontal Directional Drilling Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Horizontal Directional Drilling Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Horizontal Directional Drilling Market: Breakup by Technique (in %), 2023
Figure 5: Global: Horizontal Directional Drilling Market: Breakup by Parts (in %), 2023
Figure 6: Global: Horizontal Directional Drilling Market: Breakup by Application (in %), 2023
Figure 7: Global: Horizontal Directional Drilling Market: Breakup by End User (in %), 2023
Figure 8: Global: Horizontal Directional Drilling Market: Breakup by Region (in %), 2023
Figure 9: Global: Horizontal Directional Drilling (Conventional) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Horizontal Directional Drilling (Conventional) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Horizontal Directional Drilling (Rotary Steerable System) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Horizontal Directional Drilling (Rotary Steerable System) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Horizontal Directional Drilling (Rigs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Horizontal Directional Drilling (Rigs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Horizontal Directional Drilling (Pipes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Horizontal Directional Drilling (Pipes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Horizontal Directional Drilling (Bits) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Horizontal Directional Drilling (Bits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Horizontal Directional Drilling (Reamers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Horizontal Directional Drilling (Reamers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Horizontal Directional Drilling (On-shore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Horizontal Directional Drilling (On-shore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Horizontal Directional Drilling (Off-shore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Horizontal Directional Drilling (Off-shore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Horizontal Directional Drilling (Oil and Gas Excavation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Horizontal Directional Drilling (Oil and Gas Excavation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Horizontal Directional Drilling (Utility) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Horizontal Directional Drilling (Utility) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Horizontal Directional Drilling (Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Horizontal Directional Drilling (Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Horizontal Directional Drilling Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Horizontal Directional Drilling Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Horizontal Directional Drilling Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Horizontal Directional Drilling Industry: SWOT Analysis
Figure 81: Global: Horizontal Directional Drilling Industry: Value Chain Analysis
Figure 82: Global: Horizontal Directional Drilling Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Horizontal Directional Drilling Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Horizontal Directional Drilling Market Forecast: Breakup by Technique (in Million US$), 2024-2032
Table 3: Global: Horizontal Directional Drilling Market Forecast: Breakup by Parts (in Million US$), 2024-2032
Table 4: Global: Horizontal Directional Drilling Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Horizontal Directional Drilling Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Horizontal Directional Drilling Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Horizontal Directional Drilling Market: Competitive Structure
Table 8: Global: Horizontal Directional Drilling Market: Key Players

Companies Mentioned

  • Baker Hughes Company
  • Barbco Inc.
  • China Oilfield Services Limited (China National Offshore Oil Corporation)
  • Ellingson Companies
  • Halliburton Company
  • Helmerich & Payne Inc.
  • Herrenknecht AG
  • Nabors Industries Ltd.
  • NOV Inc.
  • Schlumberger Limited
  • The Toro Company
  • Vermeer Corporation and Weatherford International plc

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.5 Billion
Forecasted Market Value ( USD ) by 2032 $ 14.5 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Directional Drilling Market

Directional boring is a trenchless construction method used in the oilfield equipment and services industry. It involves the use of a drill to create a tunnel beneath the surface of the ground, allowing for the installation of pipelines and other infrastructure without the need for traditional excavation. This method is often used in areas where traditional excavation is not feasible, such as in urban areas or areas with sensitive environmental conditions. Directional boring is also used to reduce the amount of disruption to existing infrastructure, such as roads and buildings. The directional boring market is an important part of the oilfield equipment and services industry, providing a cost-effective and efficient way to install pipelines and other infrastructure. This market is expected to continue to grow as the demand for oilfield services increases. Some companies in the directional boring market include Vermeer Corporation, Ditch Witch, and American Augers. Show Less Read more

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