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Oilfield Services Market 2019-2023

  • Published: Dec 2018
  • Pages: 121
  • SKU: IRTNTR30545
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The global oilfield services market size will grow by over USD 21 billion during 2019-2023. This industry research report provides a detailed analysis of the market based on segmentations such as applications (onshore and offshore), and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several oilfield services manufacturers including Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford.

Below are some of the key findings from this oilfield services market analysis report

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Global oilfield services industry outlook

The technological advancements to drive productivity in oilfield services is positively impacting the market. The oilfield service providers are employing these advancements to upscale productivity by automating oilfield process and equipment, investing in high-performance tools and systems, and using the data-driven approach to optimize activities like exploration, drilling, and production. Also, high accuracy, precision, and reduction in time and labor cost and time are other reasons why service providers deploy technologically advanced oilfield services extensively, thus, positively impacting the market growth at a CAGR of more than 3% during the forecast period.

Top oilfield services companies covered in this market research report

The global oilfield services market is extremely fragmented. The market is in the growth phase, and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this oilfield services market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford

Oilfield services market segmentation based on applications

  • Onshore
  • Offshore

Onshore oilfield services held the largest share of the global oilfield services market in 2018. Although the market share of this segment will decrease, it will continue to dominate the market throughout the next five years.

Oilfield services market segmentation based on region

  • The Americas
  • APAC
  • EMEA

The Americas accounted for the largest oilfield services market share in 2018. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global oilfield services market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the oilfield services market during the next five years
  • Precise estimation of the global oilfield services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oilfield services industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of oilfield services companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford

PART 13: APPENDIX

  • Research methodology
  • 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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