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The directional drilling market is forecasted to grow by USD 5.56 billion during 2023-2028, accelerating at a CAGR of 9.45% during the forecast period. The report on the directional drilling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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 growing consumption of oil and gas, rising investments in upstream oil and gas sector, and increasing focus on unconventional oil and gas exploration and production activities.
The directional drilling market is segmented as below:
By Application
- Onshore
- Offshore
By Technique
- Rotary steerable system
- Conventional methods
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
The report on the directional drilling market covers the following areas:
- Directional drilling market sizing
- Directional drilling market forecast
- Directional drilling market industry analysis
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 report 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Technique
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global directional drilling market: Barbco Inc., CHTC Jove Heavy Industry Co., Goodeng International, Granite Construction Inc., H.H. Drill Tech Drilling Machinery Co. Ltd., Halliburton Co., Herrenknecht AG, Jiangsu Dilong Heavy Machinery Co. Ltd., Jindal Drilling and Industries Ltd., Nabors Industries Ltd., NOV Inc., Prime Drilling GmbH, Radius HDD Direct LLC, Schlumberger Ltd., Scientific Drilling International, Terra AG, Tracto Technik GmbH and Co. KG, Vermeer Corp., Xinyu FeiHu Pipeline Technical Equipment Co. Ltd., and Xuzhou Construction Machinery Group Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is automation in directional drilling technique."
According to the report, one of the major drivers for this market is the growing consumption of oil and gas.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Barbco Inc.
- CHTC Jove Heavy Industry Co.
- Goodeng International
- Granite Construction Inc.
- H.H. Drill Tech Drilling Machinery Co. Ltd.
- Halliburton Co.
- Herrenknecht AG
- Jiangsu Dilong Heavy Machinery Co. Ltd.
- Jindal Drilling and Industries Ltd.
- Nabors Industries Ltd.
- NOV Inc.
- Prime Drilling GmbH
- Radius HDD Direct LLC
- Schlumberger Ltd.
- Scientific Drilling International
- Terra AG
- Tracto Technik GmbH and Co. KG
- Vermeer Corp.
- Xinyu FeiHu Pipeline Technical Equipment Co. Ltd.
- Xuzhou Construction Machinery Group Co. Ltd.
