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Oilfield Crown Block Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 133
  • SKU: IRTNTR74011
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The oilfield crown block market share is expected to increase by USD 2.46 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.68%.

This oilfield crown block 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 oilfield crown block market segmentation by application (onshore and offshore) and geography (North America, the Middle East and Africa, APAC, Europe, and South America). The oilfield crown block market report also offers information on several market vendors, including ABCO Middle East FZE, Alco Inc., American Block, Andy Petroleum Machinery Co. Ltd., Bharat Heavy Electricals Ltd., Bomcobras, BOTTA Group Ltd., HMH, Jereh Global Development LLC, Kingwell Oilfield Machinery Co. Ltd., Lee C. Moore, Shaanxi TEFICO Petroleum Mechanical and Electric New Technology Co. Ltd., Sichuan Zhonghang Machinery Manufacturing Group Co. Ltd., Sinotai Petroleum Equipment Co. Ltd., Spectrum Offshore and Onshore Services Pvt. Ltd., The Crosby Group LLC, Tianjin Elegant Technology Co. Ltd., Turbo Tim, Uralmash Oil, and Gas Equipment Holding LLC, and Zhongman Oil and Gas Group Co. Ltd. among others.

What will the Oilfield Crown Block Market Size be During the Forecast Period?

Oilfield Crown Block Market Size

Download Report Sample to Unlock the Oilfield Crown Block Market Size for the Forecast Period and Other Important Statistics

 

Oilfield Crown Block Market: Key Drivers, Trends, and Challenges

The declining cost of raw materials is notably driving the oilfield crown block market growth, although factors such as environmental concerns related to drilling may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oilfield crown block industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oilfield Crown Block Market Driver

The declining cost of raw materials is one of the major drivers impacting the oilfield crown block market growth. The increase in global crude oil prices has prompted oil and gas companies to invest more in oil and gas projects. These companies increased investments are attributed to the higher levels of profits that they can earn when global crude oil prices are high. Increased drilling activity, in turn, increases demand for oil and gas drilling rigs. As a result, the demand for rig components and equipment rises. In April 2022, Borr Drilling announced that it had been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. Gunnlod, a premium jack-up drilling rig, has secured a contract with an unnamed operator in Southeast Asia. The project will span 11 wells and is expected to last 186 days, with options. The gradual recovery of global crude oil prices from the third quarter of 2016 has increased the number of active rigs deployed in both onshore and offshore drilling activities. This is expected to drive the demand for oilfield equipment, including oilfield crown blocks, which, in turn, will drive the growth of the global oilfield crown block market during the forecast period.

Key Oilfield Crown Block Market Trend

Advances in oilfield crown block-associated technologies are one of the major trends influencing the oilfield crown block market growth. Due to the criticality of the process, oilfield crown blocks require constant monitoring while operating. As a result, several monitoring systems are being developed to ensure the safety of the operating conditions of oilfield crown blocks. The monitoring and alarm systems available for oilfield crown blocks monitor and notify workers about any unsafe or unusual levels of traveling blocks that are attached to the oilfield crown block. These monitoring and control systems incorporate several features, including automatic safety interlock, zone control, data logging, speed control, weight mode, and sand-line version. These features provide several advantages to oilfield crown blocks and rigs, such as the accurate measurement of the oilfield crown block position and automatic safety limits for floor and crown impact prevention. To perform these functions, several sensors are fitted in the rig derricks to obtain the operating data from the associated components. Therefore, developments related to oilfield crown block-associated technologies aim to enhance the safety of the various rig component and will contribute to the growth of the market during the forecast period.

Key Oilfield Crown Block Market Challenge

Environmental concerns related to drilling is one of the major challenges impeding the oilfield crown block market growth. Chemicals such as hydrochloric acid, ethylene glycol, methanol, and isopropanol can damage the respiratory tract and the nervous system and cause health hazards. Methane, considered a potent GHG, is considered to be deadlier than carbon emissions as it has a higher global warming potential than carbon dioxide. Methane released into the atmosphere during the hydraulic fracturing process can have a drastic effect on climate change. Therefore, to track and control the emission of methane into the environment during the production process, operators are advised to monitor potential methane leaks during upstream oil and gas operations. Thus, to support companies that produce oil and gas and to track methane gas leaks, the Environmental Defense Fund (EDF), a US-based organization, announced the launch of MethaneSAT, a dedicated satellite by 2021, which will identify major methane leaks globally. Therefore, this will directly affect the growth of the market during the forecast period.

This oilfield crown block market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global oilfield crown block market as a part of the global oilfield equipment and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oilfield crown block market during the forecast period.

Who is the Major Oilfield Crown Block Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABCO Middle East FZE
  • Alco Inc.
  • American Block
  • Andy Petroleum Machinery Co. Ltd.
  • Bharat Heavy Electricals Ltd.
  • Bomcobras
  • BOTTA Group Ltd.
  • HMH
  • Jereh Global Development LLC
  • Kingwell Oilfield Machinery Co. Ltd.
  • Lee C. Moore
  • Shaanxi TEFICO Petroleum Mechanical and Electric New Technology Co. Ltd.
  • Sichuan Zhonghang Machinery Manufacturing Group Co. Ltd.
  • Sinotai Petroleum Equipment Co. Ltd.
  • Spectrum Offshore and Onshore Services Pvt. Ltd.
  • The Crosby Group LLC
  • Tianjin Elegant Technology Co. Ltd.
  • Turbo Tim
  • Uralmash Oil and Gas Equipment Holding LLC
  • Zhongman Oil and Gas Group Co. Ltd.

 

This statistical study of the oilfield crown block market encompasses successful business strategies deployed by the key vendors. The oilfield crown block market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the 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.

The oilfield crown block market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Oilfield Crown Block Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oilfield crown block market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Oilfield Crown Block Market?

Oilfield Crown Block Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the oilfield crown block market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The low availability of conventional crude oil reserves will facilitate the oilfield crown block market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The price effects of the economic slowdown caused by the COVID-19 pandemic contributed to a decrease in US petroleum and natural gas reserves in 2020. Proved crude oil and lease condensate reserves decreased by 9 billion barrels in 2020, a 19% decrease, and proved natural gas reserves decreased by just over 22 trillion cubic feet (Tcf), a 4% decrease. The implementation of mandatory lockdowns and travel restrictions led to a decrease in the demand for transportation fuel, which led to a decline in fuel prices. 

What are the Revenue-generating Application Segments in the Oilfield Crown Block Market?

Oilfield Crown Block Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The oilfield crown block market share growth in the onshore segment will be significant during the forecast period. The major factor supporting the growth of the onshore segment of the global oilfield crown block market is the global increase in the demand for oil and gas products. Therefore, both conventional and unconventional oil and gas production activities, including shale oil production, are increasing to meet this demand. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the oilfield crown block market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Oilfield Crown Block Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.68%

Market growth 2022-2026

$ 2.46 million

Market structure

Fragmented

YoY growth (%)

5.2

Regional analysis

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

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, United Arab Emirates, Saudi Arabia, China, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABCO Middle East FZE, Alco Inc., American Block, Andy Petroleum Machinery Co. Ltd., Bharat Heavy Electricals Ltd., Bomcobras, BOTTA Group Ltd., HMH, Jereh Global Development LLC, Kingwell Oilfield Machinery Co. Ltd., Lee C. Moore, Shaanxi TEFICO Petroleum Mechanical and Electric New Technology Co. Ltd., Sichuan Zhonghang Machinery Manufacturing Group Co. Ltd., Sinotai Petroleum Equipment Co. Ltd., Spectrum Offshore and Onshore Services Pvt. Ltd., The Crosby Group LLC, Tianjin Elegant Technology Co. Ltd., Turbo Tim, Uralmash Oil and Gas Equipment Holding LLC, and Zhongman Oil and Gas Group Co. Ltd.

Market dynamics

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

Customization purview

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What are the Key Data Covered in this Oilfield Crown Block Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive oilfield crown block market growth during the next five years
  • Precise estimation of the oilfield crown block market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oilfield crown block industry across North America, Middle East and Africa, APAC, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oilfield crown block market vendors

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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 Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Onshore - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
    • 5.4 Offshore - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ thousand)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 48: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Russia - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Russia - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 67: Data Table on Russia - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 68: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 United Arab Emirates - Market size and forecast 2021-2026
      • Exhibit 74: Chart on United Arab Emirates - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 75: Data Table on United Arab Emirates - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 76: Chart on United Arab Emirates - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on United Arab Emirates - Year-over-year growth 2021-2026 (%)
    • 7.12 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.13 Canada - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ thousand)
      • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ thousand)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Alco Inc.
              • Exhibit 93: Alco Inc. - Overview
              • Exhibit 94: Alco Inc. - Product / Service
              • Exhibit 95: Alco Inc. - Key offerings
            • 10.4 American Block
              • Exhibit 96: American Block - Overview
              • Exhibit 97: American Block - Product / Service
              • Exhibit 98: American Block - Key offerings
            • 10.5 Bomcobras
              • Exhibit 99: Bomcobras - Overview
              • Exhibit 100: Bomcobras - Product / Service
              • Exhibit 101: Bomcobras - Key offerings
            • 10.6 HMH
              • Exhibit 102: HMH - Overview
              • Exhibit 103: HMH - Product / Service
              • Exhibit 104: HMH - Key offerings
            • 10.7 Jereh Global Development LLC
              • Exhibit 105: Jereh Global Development LLC - Overview
              • Exhibit 106: Jereh Global Development LLC - Product / Service
              • Exhibit 107: Jereh Global Development LLC - Key offerings
            • 10.8 Lee C. Moore
              • Exhibit 108: Lee C. Moore - Overview
              • Exhibit 109: Lee C. Moore - Product / Service
              • Exhibit 110: Lee C. Moore - Key offerings
            • 10.9 Sichuan Zhonghang Machinery
              • Exhibit 111: Sichuan Zhonghang Machinery - Overview
              • Exhibit 112: Sichuan Zhonghang Machinery - Product / Service
              • Exhibit 113: Sichuan Zhonghang Machinery - Key offerings
            • 10.10 The Crosby Group LLC
              • Exhibit 114: The Crosby Group LLC - Overview
              • Exhibit 115: The Crosby Group LLC - Product / Service
              • Exhibit 116: The Crosby Group LLC - Key offerings
            • 10.11 Tianjin Elegant Technology Co. Ltd.
              • Exhibit 117: Tianjin Elegant Technology Co. Ltd. - Overview
              • Exhibit 118: Tianjin Elegant Technology Co. Ltd. - Product / Service
              • Exhibit 119: Tianjin Elegant Technology Co. Ltd. - Key offerings
            • 10.12 Uralmash Oil and Gas Equipment Holding LLC
              • Exhibit 120: Uralmash Oil and Gas Equipment Holding LLC - Overview
              • Exhibit 121: Uralmash Oil and Gas Equipment Holding LLC - Product / Service
              • Exhibit 122: Uralmash Oil and Gas Equipment Holding LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 123: Inclusions checklist
                • Exhibit 124: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 125: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 126: Research methodology
                • Exhibit 127: Validation techniques employed for market sizing
                • Exhibit 128: Information sources
              • 11.5 List of abbreviations
                • Exhibit 129: 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
              Technavio

              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
              Technavio

              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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              Oilfield Crown Block market growth will increase by $2464.38 thousand during 2022-2026.
              The oilfield crown block market is expected to grow at a CAGR of 5.68% during 2022-2026.
              Technavio has segmented the oilfield crown block market by geographic (North America, Middle East and Africa, APAC, Europe, and South America).
              ABCO Middle East FZE, Alco Inc., American Block, Andy Petroleum Machinery Co. Ltd., Bharat Heavy Electricals Ltd., Bomcobras, BOTTA Group Ltd., HMH, Jereh Global Development LLC, Kingwell Oilfield Machinery Co. Ltd., Lee C. Moore, Shaanxi TEFICO Petroleum Mechanical and Electric New Technology Co. Ltd., Sichuan Zhonghang Machinery Manufacturing Group Co. Ltd., Sinotai Petroleum Equipment Co. Ltd., Spectrum Offshore and Onshore Services Pvt. Ltd., The Crosby Group LLC, Tianjin Elegant Technology Co. Ltd., Turbo Tim, Uralmash Oil and Gas Equipment Holding LLC, Zhongman Oil and Gas Group Co. Ltd. are a few of the key vendors in the oilfield crown block market.
              North America will register the highest growth rate of 39.59% among the other regions. Therefore, the oilfield crown block market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • United Arab Emirates
              • Saudi Arabia
              • China
              • Russia
              The key factors driving the oilfield crown block market growth are:
              • Declining cost of raw materials
              • Increase in upstream deepwater and ultra-deepwater projects
              The oilfield crown block market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • 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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