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Global Oilfield Equipment Rental Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12430
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This market research report identifies Ensign Energy Services, Halliburton, Precision Drilling, Schlumberger, and Weatherford as key vendors in the global oilfield equipment rental market. This report also presents a detailed analysis of the market by application (onshore and offshore), by product (drilling equipment and pressure and control valves), and by geography (the Americas, APAC, and EMEA).

Overview of the global oilfield equipment rental market  

Technavio’s market research report predicts that the global oilfield equipment rental market will grow at a CAGR of nearly 5% during the forecast period. Advances in the drilling technology are one of the primary drivers for market growth. Longer laterals, minimal liner and casing, enhanced drilling rates, and multi-pad drilling and improvements in the surface operations are some of the major technological advancements. These improvements also include a rise in the number and position of the fracturing stages and the shift to hybrid fluid systems. Moreover, the market also consists of innovative technologies that have assisted in monitoring detailed drilling activities during operations such as deepwater and ultra-water deepwater drilling activities. Furthermore, in the absence of possibilities to track the activities in unconventional regions, real-time systems play a significant role, and multilateral technologies are preferred for heavy oil applications. Such applications will drive the oilfield equipment rental market growth in the future.

In terms of geography, the Americas led the global oilfield equipment rental market during 2016 and is expected to continue the domination during the forecast period. The rising demand for oil and gas and the high possibility of major investments in the oil and gas sector during the forecast period drives the growth of the market in the region.


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  • Identify latent opportunities and explorative solutions in the oilfield equipment rental market
  • Identify your key competition, and what's making them tick?
  • Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive analysis and key vendors

The players in the global oilfield equipment rental market are adopting different strategies to stay ahead of the competitors. The regional market competitors are focused on research and development to develop new products and innovative technologies to cater to the shifting market dynamics. Strategies such as M&A activities, joint ventures, contracts, agreements, and partnerships help the market players increase their revenue shares.

Key vendors in the market are:

  • Ensign Energy Services
  • Halliburton
  • Precision Drilling
  • Schlumberger
  • Weatherford

Other prominent vendors include AOS ORWELL, Basic Energy Services, FMC Technologies, IOT GROUP, Key Energy Services, Knight Oil Tools, Oil States International, Parker Drilling, RPC, and Superior Energy Services.

Segmentation by application and analysis of oilfield equipment rental market

  • Onshore
  • Offshore

During 2016, the onshore application segment dominated the global oilfield equipment rental market and is expected to continue the dominion over the next four years. The concentration of oil and gas and E&P activities in onshore sites will drive the growth of this market segment.

Segmentation by product and analysis of oilfield equipment rental market

  • Drilling equipment
  • Pressure and control valves

As per the Technavio’s oilfield equipment rental market research report, the drilling equipment segment led the global oilfield equipment rental market during 2016 and is expected to continue the domination during the forecast period. Factors such as the rising demand for oil and gas across the globe and the utilization of oilfield equipment in oilfields will accelerate the segment’s growth in the market.

Key questions answered in the report include

  • What will the oilfield equipment rental market size and the growth rate be in 2021?
  • What are the key factors driving the global oilfield equipment rental market?
  • What are the key oilfield equipment rental market trends impacting the growth?
  • What are the challenges to market growth?
  • Who are the key vendors in the global oilfield equipment rental market?
  • What are the market opportunities and threats faced by the vendors in the global oilfield equipment rental market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global oilfield equipment rental market?

Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Oilfield equipment rental market by application
  • Global onshore oilfield equipment rental market
  • Global offshore oilfield equipment rental market

PART 07: Market segmentation by product

  • Market segmentation by products
  • Drilling equipment
  • Pressure and control valves

PART 08: Geographical segmentation

  • Global oilfield equipment rental market by geography
  • Oilfield equipment rental market in Americas
  • Oilfield equipment rental market in EMEA
  • Oilfield equipment rental market in APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 11: Market trends

  • Emerging offshore opportunities
  • Rising investment in patents
  • Advances in EOR technology

PART 12: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 13: Key vendor analysis

  • Ensign Energy Services
  • Halliburton
  • Precision Drilling
  • Schlumberger
  • Weatherford

PART 14: Appendix

  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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