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Workover Rigs Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 132
  • SKU: IRTNTR44023
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The workover rigs market is projected to grow by USD 322.27 million with a CAGR of 3.9% during the forecast period 2021 to 2026.

This workover 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 the workover rigs market segmentation by application (onshore and offshore) and geography (North America, Middle East and Africa, APAC, Europe, and South America). The workover rigs market report also offers information on several market vendors, including Automated Rig Technologies Ltd., Aztec International Ltd., Bentec GmbH Drilling & Oilfield Systems, Care Industries Inc., China National Petroleum Corp., Deep Industries Ltd., Dragon Products LLC, Drillmec Spa, MAX STREICHER GmbH & Co. KG aA, Mesa Southern Well Servicing LP, Moncla Energy Services LLC, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., Precision Drilling Corp., Schlumberger Ltd., Superior Energy Services Inc., Ventia Services Group Pty Ltd., Watson Hopper Inc., and Yantai Jereh Oilfield Services Group Co. Ltd. among others.

What will the Workover Rigs Market Size be During the Forecast Period?

Workover Rigs Market Size

Download Report Sample to Unlock the Workover Rigs Market Size for the Forecast Period and Other Important Statistics

 

Workover Rigs Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the workover rigs market.

Key Workover Rigs Market Driver

The growing demand for oil and natural gas is one of the key drivers supporting the workover rigs market's growth. With the increase in the demand for oil and natural gas, companies will try to enhance oil and gas production to meet the demand. Oil and gas companies can increase oil and gas production in two ways. One way is to drill new oil and gas wells, while another way is to increase production from existing low-producing oil and gas wells. Workover rigs are used in both cases. Therefore, the increase in the demand for oil and natural gas will spur the need for workover rigs in oil and gas E&P activities during the forecast period.

Key Workover Rigs Market Trend

The use of laser technology in workover operations is one of the key workover rigs market trends contributing to the market growth. The use of lasers has many advantages, such as speeding up the workover process and making it several times faster than traditional methods, and others. Downhole lasers can also be used for flow assurance applications, such as scale removal. Scale removal is a common well intervention activity, which involves a wide range of mechanical scale-inhibitor treatments and chemical treatments. Therefore, the use of laser workover systems optimizes workover operations and will fuel the growth of the market during the forecast period.

Key Workover Rigs Market Challenge

The emergence of rigless well intervention and abandonment technologies is one of the factors hindering the workover rigs market growth. The rigless approach is being implemented in well abandonment applications. Rigless well abandonment can be used in a wide range of oil wells and is extremely cost-effective as it does not require a workover rig. This method complies with most well abandonment regulatory requirements, along with a minimum footprint and quick project delivery. The use of rigless technology simplifies the equipment spread and reduces the use of costly and complex workover rigs, thereby reducing the overall cost of operations. Hence, the rigless approach to well intervention and abandonment will pose a significant threat to the market during the forecast period.

This workover rigs 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 workover rigs market as a part of the global oil field equipment and services within the global oil and gas 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 workover rigs market during the forecast period.

Who are the Major Workover Rigs Market Vendors?

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

 

  • Automated Rig Technologies Ltd.
  • Aztec International Ltd.
  • Bentec GmbH Drilling & Oilfield Systems
  • Care Industries Inc.
  • China National Petroleum Corp.
  • Deep Industries Ltd.
  • Dragon Products LLC
  • Drillmec Spa
  • MAX STREICHER GmbH & Co. KG aA
  • Mesa Southern Well Servicing LP
  • Moncla Energy Services LLC
  • Nabors Industries Ltd.
  • National Energy Services Reunited Corp.
  • NOV Inc.
  • Precision Drilling Corp.
  • Schlumberger Ltd.
  • Superior Energy Services Inc.
  • Ventia Services Group Pty Ltd.
  • Watson Hopper Inc.
  • Yantai Jereh Oilfield Services Group Co. Ltd.

 

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

Product Insights and News

  • precisiondrilling.com - The company offers workover rigs such as Alpha Suite and EverGreen Suite.

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 workover rigs 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.

Workover Rigs Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the workover rigs 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 Workover Rigs Market?

Workover Rigs Market Share by Geography

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54% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the workover rigs market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The numerous offshore deepwater and ultra-deepwater oil and gas projects will facilitate the workover rigs 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-19 Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively affected the regional market. However, with the resumption of operations in the oil and gas industry and the initiation of mass COVID-19 vaccination drives, the regional market showed steady growth in 2021. These measures will encourage the development of new offshore oil and gas projects and increase the need for workover rigs in North America during the forecast period.

What are the Revenue-generating Application Segments in the Workover Rigs Market?

Workover Rigs Market Share

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

The workover rigs market share growth in the onshore segment will be significant during the forecast period. The increase in shale oil and gas E&P activities will spur well-completion activities in the onshore segment and drive the growth of the market in onshore oil and gas wells. Many E&P projects are taking place onshore, which will lead to the drilling of new wells where completion operations will require more workover rigs. In addition to new drilling activities, the onshore segment has many aging oil and gas fields that require workover operations to maintain oil and gas production. Such factors will boost segment growth in the near future.

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

 

Workover Rigs Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.9%

Market growth 2022-2026

$322.27 million

Market structure

Fragmented

YoY growth (%)

3.0

Regional analysis

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

Performing market contribution

North America at 54%

Key consumer countries

US, Canada, Saudi Arabia, China, and Russia

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Automated Rig Technologies Ltd., Aztec International Ltd., Bentec GmbH Drilling & Oilfield Systems, Care Industries Inc., China National Petroleum Corp., Deep Industries Ltd., Dragon Products LLC, Drillmec Spa, MAX STREICHER GmbH & Co. KG aA, Mesa Southern Well Servicing LP, Moncla Energy Services LLC, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., Precision Drilling Corp., Schlumberger Ltd., Superior Energy Services Inc., Ventia Services Group Pty Ltd., Watson Hopper Inc., and Yantai Jereh Oilfield Services 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 Workover Rigs Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive workover rigs market growth during the next five years
  • Precise estimation of the workover rigs market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the workover rigs industry across North America, the 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 workover rigs 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 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)

    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 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 47: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • 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 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • 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 Canada - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.10 Saudi Arabia - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Russia - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Bentec GmbH Drilling and Oilfield Systems
              • Exhibit 89: Bentec GmbH Drilling and Oilfield Systems - Overview
              • Exhibit 90: Bentec GmbH Drilling and Oilfield Systems - Product / Service
              • Exhibit 91: Bentec GmbH Drilling and Oilfield Systems - Key offerings
            • 10.4 China National Petroleum Corp.
              • Exhibit 92: China National Petroleum Corp. - Overview
              • Exhibit 93: China National Petroleum Corp. - Product / Service
              • Exhibit 94: China National Petroleum Corp. - Key offerings
            • 10.5 Drillmec Spa
              • Exhibit 95: Drillmec Spa - Overview
              • Exhibit 96: Drillmec Spa - Product / Service
              • Exhibit 97: Drillmec Spa - Key offerings
            • 10.6 Moncla Energy Services LLC
              • Exhibit 98: Moncla Energy Services LLC - Overview
              • Exhibit 99: Moncla Energy Services LLC - Product / Service
              • Exhibit 100: Moncla Energy Services LLC - Key offerings
            • 10.7 Nabors Industries Ltd.
              • Exhibit 101: Nabors Industries Ltd. - Overview
              • Exhibit 102: Nabors Industries Ltd. - Business segments
              • Exhibit 103: Nabors Industries Ltd. - Key news
              • Exhibit 104: Nabors Industries Ltd. - Key offerings
              • Exhibit 105: Nabors Industries Ltd. - Segment focus
            • 10.8 National Energy Services Reunited Corp.
              • Exhibit 106: National Energy Services Reunited Corp. - Overview
              • Exhibit 107: National Energy Services Reunited Corp. - Business segments
              • Exhibit 108: National Energy Services Reunited Corp. - Key offerings
              • Exhibit 109: National Energy Services Reunited Corp. - Segment focus
            • 10.9 NOV Inc.
              • Exhibit 110: NOV Inc. - Overview
              • Exhibit 111: NOV Inc. - Business segments
              • Exhibit 112: NOV Inc. - Key news
              • Exhibit 113: NOV Inc. - Key offerings
              • Exhibit 114: NOV Inc. - Segment focus
            • 10.10 Precision Drilling Corp.
              • Exhibit 115: Precision Drilling Corp. - Overview
              • Exhibit 116: Precision Drilling Corp. - Business segments
              • Exhibit 117: Precision Drilling Corp. - Key offerings
              • Exhibit 118: Precision Drilling Corp. - Segment focus
            • 10.11 Schlumberger Ltd.
              • Exhibit 119: Schlumberger Ltd. - Overview
              • Exhibit 120: Schlumberger Ltd. - Business segments
              • Exhibit 121: Schlumberger Ltd. - Key offerings
              • Exhibit 122: Schlumberger Ltd. - Segment focus
            • 10.12 Yantai Jereh Oilfield Services Group Co. Ltd.
              • Exhibit 123: Yantai Jereh Oilfield Services Group Co. Ltd. - Overview
              • Exhibit 124: Yantai Jereh Oilfield Services Group Co. Ltd. - Product / Service
              • Exhibit 125: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 126: Inclusions checklist
                • Exhibit 127: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 128: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 129: Research methodology
                • Exhibit 130: Validation techniques employed for market sizing
                • Exhibit 131: Information sources
              • 11.5 List of abbreviations
                • Exhibit 132: 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
              Interested in this report?
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              Workover Rigs market growth will increase by $322.27 million during 2022-2026.
              The workover rigs market is expected to grow at a CAGR of 3.9% during 2022-2026.
              Technavio has segmented the workover rigs market by application (Onshore and Offshore) and geographic (North America, Middle East and Africa, APAC, Europe, and South America).
              Automated Rig Technologies Ltd., Aztec International Ltd., Bentec GmbH Drilling and Oilfield Systems, Care Industries Inc., China National Petroleum Corp., Deep Industries Ltd., Dragon Products LLC, Drillmec Spa, MAX STREICHER GmbH and Co. KG aA, Mesa Southern Well Servicing LP, Moncla Energy Services LLC, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., Precision Drilling Corp., Schlumberger Ltd., Superior Energy Services Inc., Ventia Services Group Pty Ltd., Watson Hopper Inc., Yantai Jereh Oilfield Services Group Co. Ltd. are a few of the key vendors in the workover rigs market.
              North America will register the highest growth rate of 54.3% among the other regions. Therefore, the workover rigs market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • Saudi Arabia
              • China
              • Russia
              The key factors driving the workover rigs market growth are:
              • Growing demand for oil and natural gas
              • Use of laser technology in workover operations
              The workover rigs market vendors should focus on grabbing business opportunities from the onshore 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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