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The drilling rig market is forecasted to grow by USD 14.6 billion during 2023-2028, accelerating at a CAGR of 5.63% during the forecast period. The report on the drilling rig 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 increase in oil and gas demand, rising investments in upstream oil and gas sector, and increasing focus on unconventional oil and gas e and p activities.
The drilling rig market is segmented as below:
By Application
- Onshore
- Offshore
By Type
- Crude oil
- Natural gas
By Geography
- North America
- Middle East and Africa
- Europe
- APAC
- South America
The report on the drilling rig market covers the following areas:
- Drilling rig market sizing
- Drilling rig market forecast
- Drilling rig 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 Type
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 drilling rig market: AP Moller Maersk AS, Archer Ltd., China Oilfield Services Ltd., Eni SpA, Helmerich and Payne Inc., KCA Deutag Alpha Ltd., Loews Corp., Nabors Industries Ltd., Noble Corp. Plc, NOV Inc., Parker Drilling Co., Patterson UTI Energy Inc., PR Marriott Drilling Ltd., Precision Drilling Corp., Schlumberger Ltd., Seadrill Ltd., Stena AB, Transocean Ltd., Valaris Ltd., and Weatherford International Plc.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing demand for new-generation automated drilling rigs."
According to the report, one of the major drivers for this market is the increase in oil and gas demand.
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:
- AP Moller Maersk AS
- Archer Ltd.
- China Oilfield Services Ltd.
- Eni SpA
- Helmerich and Payne Inc.
- KCA Deutag Alpha Ltd.
- Loews Corp.
- Nabors Industries Ltd.
- Noble Corp. Plc
- NOV Inc.
- Parker Drilling Co.
- Patterson UTI Energy Inc.
- PR Marriott Drilling Ltd.
- Precision Drilling Corp.
- Schlumberger Ltd.
- Seadrill Ltd.
- Stena AB
- Transocean Ltd.
- Valaris Ltd.
- Weatherford International Plc
