Directional Drilling Market by Application, Technique and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 154 SKU: IRTNTR75856

Directional Drilling Market Forecast 2023-2027

The directional drilling market size is estimated to grow by USD 5.01 billion at a CAGR of 9.24% between 2022 and 2027. The growing consumption of oil and gas is driven by various factors such as population growth, urbanization, and economic development, particularly in emerging economies. Rising investments in the upstream oil and gas sector are essential for expanding production capacity and exploring new reserves, especially in challenging environments like deepwater or shale formations. The increasing focus on unconventional oil and gas E&P activities, such as shale gas and tight oil, has become more prominent due to technological advancements that have made their extraction more economically viable.

Market Overview 

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Market Segmentation

This market report extensively covers market segmentation by application (offshore and onshore), technique (rotary steerable system and conventional methods), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Largest-Growing Segments 

Application Segment

The offshore segment is estimated to witness significant growth during the forecast period. Onshore oil and gas E and P operations are cheaper than offshore operations.  Moreover, upstream companies are affected adversely when crude oil prices fall as the price at which crude oil is sold is determined by the market, but the production costs are largely fixed. Thus, expensive and capital-intensive E and P operations have a negative impact on investment decisions and profits. They result in delays or cancellations of directional drilling activities. Therefore, the volatility of crude oil prices will pose a challenge for the global directional drilling market during the forecast period.

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The bottom-supported rigs have some restrictions in terms of water depths because these are tied up to the bottom of the sea and can only operate at water depths less than the length of their supporting structure or legs. Owing to the corrosive water environment, lack of stability (especially for floaters), space constraints, and the requirement for complex support and logistics drilling at offshore locations is more challenging than at onshore locations. Thus, this offshore segment will fuel the growth of the horizontal directional drilling market during the forecast period.

By Region

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APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region driving the growth of the market is North America. These services are mainly used to extract oil and natural gas from shale reservoirs. The US was the main in developing this technique for shale extraction as the country had a large number of shale reserves. A rise in oil and gas production was shown in areas such as the Permian Basin in Western Texas and Eastern New Mexico, the Federal Offshore in the Gulf of Mexico, and the Bakken region in North Dakota and Montana.

Moreover, the government encourages the exploration and production (E&P) of non-conventional energy sources like tight gas and shale oil to produce oil and natural gas. Thus, these activities in the US increased to a great extent, which is the major factor responsible for the region's dominance in the market. Furthermore, Canada is the second largest adopter of unconventional oil and gas drilling in North America. Large oil and gas companies are investing in non-conventional E&P activities in the country. Offshore oil and gas production is also rising in the region because the Government of the US is implementing a strategic approach toward offshore oil and gas production. Therefore, with the increase in oil and gas activities in this region, the market is expected to grow significantly during the forecast period.

Market Dynamics

The market is influenced by various factors, including the constant high prices of oil and the demand for energy sources. This market is driven by the need for efficiency in these services for exploration activities, particularly in deepwater and ultra-deepwater projects. Directional drilling, a method used in such projects, enables companies to access deep-water offshore fields more efficiently. The market is also affected by environmental regulations and the growing interest in green energy sources like geothermal energy. Equipment cost and equipment efficiency are key considerations, along with ensuring safety through evacuation plans and compliance with regulations. The global impact of the directional drilling market reflects trends in globalization and the evolving landscape of energy substation technologies.

Key Market Driver

Growing oil and gas consumption is the key driver notably driving the growth of the market. Due to increasing industrialization and urbanization in countries like India and China, there is an expected rise in oil and gas consumption. Additionally, the energy demand is increasing significantly in these nations due to rapid urbanization, leading to higher consumption of liquid fuels and natural gas.

Moreover, the growing fuel consumption in emerging economies such as China and India is anticipated to drive up the demand for natural gas. This trend is expected to lead to increased drilling services, with a focus on efficiency and the use of energy sources. Additionally, there will be a heightened emphasis on environmental considerations and compliance with environmental regulations, which may impact equipment choices and costs in the industry. According to the IEA, the demand for oil and gas is projected to continue growing until 2040, with a 45% increase in natural gas use by 2040. To meet the rising energy demand, oil and gas exploration and production companies will increase well-drilling activities to explore untapped reservoirs. As a result, the global directional drilling market is expected to grow, supported by the increasing global demand for oil and gas, during the forecast period.

Significant Market Trends 

Automation in directional drilling techniques is the key trend driving the growth of the market.  The drilling process in the oil and gas industry is highly dynamic, as several variables affect this process. Variables that make the drilling process very challenging include varying geological conditions, interconnected drill site systems, and other operational variables that require continuous monitoring and adjustment, such as the time delay between sensors in the drill control system, drill speed, and weight on bit. However, it is expected that the increased efficiency of this process and the higher quality of the drilled holes will reduce the impact of the above variables during drilling and optimize the process.

Moreover, the processes are evolving with the declining human footprint and accelerated emphasis on system automation to improve the productivity, efficiency, safety, and quality of the equipment. This led to the removal of small and medium enterprises from the well site and boosted the performance by achieving well penetration of more than one mile per day. The removal of small and medium enterprises allows them to operate in a supervisory mode with decision-making based on data acquisition and analysis. Hence, it is expected to drive the market in focus during the forecast period.

Major Market Challenge

Increasing adoption of alternative energy sources is the key challenge that impedes the growth of the market. Many developing and developed countries are adopting clean energy initiatives to reduce carbon emissions the adoption of renewable energy sources for power generation has increased globally. Renewable energy sources, including wind, geothermal, solar, and biomass, have a large potential to become reliable, affordable, and safe sources of energy generation. The adoption of renewable energy instead of conventional fuels is rising because renewable sources do not cause any environmental pollution and they are not contributing to climate change.

Moreover, renewable energy sources have gained importance as clean energy fuel sources and support global initiatives to reduce GHG emissions. However, the rise in renewable energy sources is expected to affect the conventional fuel industry as high investments are toward renewable energy sources. This is expected to negatively affect the growth of the global oil and gas industry and is further expected to impede the growth of the market during the forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Major Directional Drilling Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Barbco Inc.: The company offers directional drilling services and products such as Barbco horizontal directional drill.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Barbco Inc.
  • CHTC Jove Heavy Industry Co.
  • 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.
  • Goodeng International

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Offshore
    • Onshore
  • Technique Outlook 
    • Rotary steerable system
    • Conventional methods
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South Amrica
      • Chile 
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth due to advancements in technology and tools, particularly in the oil & gas industry. Techniques such as horizontal drilling and extended reach drilling are enhancing the efficiency of oilfield operations. The discovery of new oilfields and the exploration of tight oil reserves are driving the demand for directional drilling services. Drillers are using rotary steerable systems and downhole motors for faster installation and lower costs. The market is also influenced by factors such as crude oil prices, demand and supply of oil, and renewable energy production. Ongoing projects and operational costs are key considerations for oil field operators and oil & gas companies in implementing directional drilling methods.

Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.24%

Market growth 2023-2027

USD 5.01 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

8.08

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key countries

US, China, India, Russia, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Barbco Inc., CHTC Jove Heavy Industry Co., 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., and Goodeng International

Market dynamics

Parent market analysis, Market Forecasting,  Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technique
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global directional drilling market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global directional drilling market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Technique Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technique Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Onshore - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Onshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Onshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Onshore - Year-over-year growth 2022-2027 (%)
    • 6.4 Offshore - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Offshore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Offshore - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Offshore - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Technique

    • 7.1 Market segments
      • Exhibit 44: Chart on Technique - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Technique - Market share 2022-2027 (%)
    • 7.2 Comparison by Technique
      • Exhibit 46: Chart on Comparison by Technique
      • Exhibit 47: Data Table on Comparison by Technique
    • 7.3 Rotary steerable system - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Rotary steerable system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Rotary steerable system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Rotary steerable system - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Rotary steerable system - Year-over-year growth 2022-2027 (%)
    • 7.4 Conventional methods - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Conventional methods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Conventional methods - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Conventional methods - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Conventional methods - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Technique
      • Exhibit 56: Market opportunity by Technique ($ million)
      • Exhibit 57: Data Table on Market opportunity by Technique ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Russia - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Barbco Inc.
              • Exhibit 111: Barbco Inc. - Overview
              • Exhibit 112: Barbco Inc. - Product / Service
              • Exhibit 113: Barbco Inc. - Key offerings
            • 12.4 CHTC Jove Heavy Industry Co.
              • Exhibit 114: CHTC Jove Heavy Industry Co. - Overview
              • Exhibit 115: CHTC Jove Heavy Industry Co. - Product / Service
              • Exhibit 116: CHTC Jove Heavy Industry Co. - Key offerings
            • 12.5 Goodeng International
              • Exhibit 117: Goodeng International - Overview
              • Exhibit 118: Goodeng International - Product / Service
              • Exhibit 119: Goodeng International - Key offerings
            • 12.6 Granite Construction Inc.
              • Exhibit 120: Granite Construction Inc. - Overview
              • Exhibit 121: Granite Construction Inc. - Business segments
              • Exhibit 122: Granite Construction Inc. - Key offerings
              • Exhibit 123: Granite Construction Inc. - Segment focus
            • 12.7 H.H. Drill Tech Drilling Machinery Co. Ltd.
              • Exhibit 124: H.H. Drill Tech Drilling Machinery Co. Ltd. - Overview
              • Exhibit 125: H.H. Drill Tech Drilling Machinery Co. Ltd. - Product / Service
              • Exhibit 126: H.H. Drill Tech Drilling Machinery Co. Ltd. - Key offerings
            • 12.8 Herrenknecht AG
              • Exhibit 127: Herrenknecht AG - Overview
              • Exhibit 128: Herrenknecht AG - Product / Service
              • Exhibit 129: Herrenknecht AG - Key offerings
            • 12.9 Jiangsu Dilong Heavy Machinery Co. Ltd.
              • Exhibit 130: Jiangsu Dilong Heavy Machinery Co. Ltd. - Overview
              • Exhibit 131: Jiangsu Dilong Heavy Machinery Co. Ltd. - Product / Service
              • Exhibit 132: Jiangsu Dilong Heavy Machinery Co. Ltd. - Key offerings
            • 12.10 Jindal Drilling and Industries Ltd.
              • Exhibit 133: Jindal Drilling and Industries Ltd. - Overview
              • Exhibit 134: Jindal Drilling and Industries Ltd. - Product / Service
              • Exhibit 135: Jindal Drilling and Industries Ltd. - Key offerings
            • 12.11 Prime Drilling GmbH
              • Exhibit 136: Prime Drilling GmbH - Overview
              • Exhibit 137: Prime Drilling GmbH - Product / Service
              • Exhibit 138: Prime Drilling GmbH - Key offerings
            • 12.12 Radius HDD Direct LLC
              • Exhibit 139: Radius HDD Direct LLC - Overview
              • Exhibit 140: Radius HDD Direct LLC - Product / Service
              • Exhibit 141: Radius HDD Direct LLC - Key offerings
            • 12.13 Terra AG
              • Exhibit 142: Terra AG - Overview
              • Exhibit 143: Terra AG - Product / Service
              • Exhibit 144: Terra AG - Key offerings
            • 12.14 Tracto Technik GmbH and Co. KG
              • Exhibit 145: Tracto Technik GmbH and Co. KG - Overview
              • Exhibit 146: Tracto Technik GmbH and Co. KG - Product / Service
              • Exhibit 147: Tracto Technik GmbH and Co. KG - Key offerings
            • 12.15 Vermeer Corp.
              • Exhibit 148: Vermeer Corp. - Overview
              • Exhibit 149: Vermeer Corp. - Product / Service
              • Exhibit 150: Vermeer Corp. - Key offerings
            • 12.16 Xinyu FeiHu Pipeline Technical Equipment Co. Ltd.
              • Exhibit 151: Xinyu FeiHu Pipeline Technical Equipment Co. Ltd. - Overview
              • Exhibit 152: Xinyu FeiHu Pipeline Technical Equipment Co. Ltd. - Product / Service
              • Exhibit 153: Xinyu FeiHu Pipeline Technical Equipment Co. Ltd. - Key offerings
            • 12.17 Xuzhou Construction Machinery Group Co. Ltd.
              • Exhibit 154: Xuzhou Construction Machinery Group Co. Ltd. - Overview
              • Exhibit 155: Xuzhou Construction Machinery Group Co. Ltd. - Product / Service
              • Exhibit 156: Xuzhou Construction Machinery Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 157: Inclusions checklist
                • Exhibit 158: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 159: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 160: Research methodology
                • Exhibit 161: Validation techniques employed for market sizing
                • Exhibit 162: Information sources
              • 13.5 List of abbreviations
                • Exhibit 163: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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