Oil derricks are load-bearing structures used to support and position a drill string over an oil well. They are considered permanent structures and are typically used in offshore drilling applications. Most derricks take the form of a tall tower which extends above drilling operations. A crown block, the stationary section of a block and tackle, sits on top of the derricks connecting the load of the drill string to the support structure.
This report contains market size and forecasts of Oil Derricks in global, including the following market information:
Global Oil Derricks Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Oil Derricks Market Sales, 2017-2022, 2023-2028, (Unit)
Global top five Oil Derricks companies in 2021 (%)
The global Oil Derricks market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Offshore Oil Derricks Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Oil Derricks include Beijing KMC RIGS Co., Ltd., Bharat Heavy Electronics Ltd. (BHEL), Cameron - A Schlumberger Company, Derrick Services Limited, DRILLMEC Inc., Kosun (Kazakhstan) Services Co., Ltd., Lee C. Moore, National Oilwell Varco and Oil States Industries, Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Oil Derricks 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 Oil Derricks Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Oil Derricks Market Segment Percentages, by Type, 2021 (%)
Offshore Oil Derricks
Onshore Oil Derricks
Global Oil Derricks Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Oil Derricks Market Segment Percentages, by Application, 2021 (%)
Oil Prospecting
Oil And Gas Development
Global Oil Derricks Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Unit)
Global Oil Derricks 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 Oil Derricks revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Oil Derricks revenues share in global market, 2021 (%)
Key companies Oil Derricks sales in global market, 2017-2022 (Estimated), (Unit)
Key companies Oil Derricks sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Beijing KMC RIGS Co., Ltd.
Bharat Heavy Electronics Ltd. (BHEL)
Cameron - A Schlumberger Company
Derrick Services Limited
DRILLMEC Inc.
Kosun (Kazakhstan) Services Co., Ltd.
Lee C. Moore
National Oilwell Varco
Oil States Industries, Inc.
RigQuip International
Sovonex Technology Co., Ltd.
Superior Derrick Services, LLC
Trevi Finanziaria Industriale S.p.A.
Veristic Technologies, Inc.