A horizontal drilling rig is an integrated system that drills wells, such as oil or water wells, in the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers.
This report contains market size and forecasts of Horizontal Drilling Rigs in global, including the following market information:
Global Horizontal Drilling Rigs Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Horizontal Drilling Rigs Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Horizontal Drilling Rigs companies in 2021 (%)
The global Horizontal Drilling Rigs market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Crawler Drilling Rigs Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Horizontal Drilling Rigs include Sandvik, Xuzhou Construction Machinery Group, HYDRA, Epiroc Trading, Soilmec, Ditch Witch, Boart Longyear, Herrenknecht and Vermeer, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Horizontal Drilling Rigs manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Horizontal Drilling Rigs Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Horizontal Drilling Rigs Market Segment Percentages, by Type, 2021 (%)
Crawler Drilling Rigs
Wheeled Drilling Rigs
Global Horizontal Drilling Rigs Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Horizontal Drilling Rigs Market Segment Percentages, by Application, 2021 (%)
Mining
Oil & Gas
Global Horizontal Drilling Rigs Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Horizontal Drilling Rigs Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Horizontal Drilling Rigs revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Horizontal Drilling Rigs revenues share in global market, 2021 (%)
Key companies Horizontal Drilling Rigs sales in global market, 2017-2022 (Estimated), (Units)
Key companies Horizontal Drilling Rigs sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sandvik
Xuzhou Construction Machinery Group
HYDRA
Epiroc Trading
Soilmec
Ditch Witch
Boart Longyear
Herrenknecht
Vermeer
Montabert
MEMPEX
BAUER Group