Enjoy complimentary customisation on priority with our Enterprise License!
The land drilling rigs market has the potential to grow by USD 3.26 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.68%.
This land drilling rigs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (conventional rigs and mobile rigs) and geography (MEA, North America, APAC, Europe, and South America). The market report also offers information on several market vendors, including Archer Ltd., Cactus Drilling Co. LLC, Drillmec Spa, Helmerich & Payne Inc., KCA Deutag Alpha Ltd., and Nabors Industries Ltd., among others.
Browse TOC and LoE with selected illustrations and example pages of Land Drilling Rigs Market
The rising global oil and gas consumption is notably driving the land drilling rigs market growth, although factors such as uncertainties associated with low crude oil prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the land drilling rigs industry get your FREE report sample now.
|
|
This land drilling rigs market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The land drilling rigs market is fragmented and the vendors are deploying growth strategies such as M&A, joint ventures, contracts, and agreements to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the land drilling rigs market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
40% of the market’s growth will originate from MEA during the forecast period. Saudi Arabia is a key market for land drilling rigs in MEA. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
The discovery of major gas reserves in Mozambique and Tanzania and increased exploration activities in Uganda and Kenya will facilitate the land drilling rigs market growth in MEA over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
To gain further insights on the market contribution of various segments Request for a FREE sample
The land drilling rigs market share growth by the conventional rigs segment will be significant during the forecast period. Conventional rigs are commonly used in the oil and gas industry. A typical conventional rotary drilling rig system has many features such as high mechanization, flexible operation, and the ability to be configured with different drill bits based on the strata.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the land drilling rigs market size.
We can help! Our analysts can customize this report to meet your requirements. Get in touch
|
Land Drilling Rigs Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
|
Market growth 2021-2025 |
$ 3.26 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
1.34 |
|
Regional analysis |
MEA, North America, APAC, Europe, and South America |
|
Performing market contribution |
MEA at 40% |
|
Key consumer countries |
US, Saudi Arabia, Canada, Russian Federation, and India |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Archer Ltd., Cactus Drilling Co. LLC, Drillmec Spa, Helmerich & Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., National Oilwell Varco Inc., Parker Drilling Co., Patterson-UTI Energy Inc., and Weatherford International Plc |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.