Global horizontal directional drilling market is expected to grow at a rate of steady CAGR for the forecast period, 2023-2027. The increase in awareness regarding the adverse effects of infrastructural development on the environment is driving horizontal directional drilling processes across the globe. It is in high demand for various applications such as utility transmission and supply lines, electrical conductors, communication cables. The heavy layout of fiber optic cables and the expected roll-out of 5G technology is fostering the market demand. The rising demand for high-speed internet connectivity and the rapid development of the telecom sector to provide seamless connectivity to the users is significantly contributing to the global horizontal drilling process market growth. Due to the rapid industrialization and urbanization and the increasing energy requirements across the globe and the high-end investments by the market players for the shale gas development projects is expected to fuel the growth of the global horizontal directional drilling market in the next five years. The horizontal drilling process can be done on extremely rough surfaces and can hit multiple targets in a single time. The presence of huge untapped oil and gas reserves and the growing exploration and production activities to meet the growing energy requirements around the globe are influencing the market growth.
Global horizontal directional drilling market is segmented into machine, type, application, regional distribution, and company. Based on regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth for the forecast period, 2023-2027. The presence of huge infrastructure development projects is driving the demand for advanced drilling equipment. The growing concerns about environmental pollution and the demand for renewable energy to reduce pollution levels are influencing the market demand. Additionally, the surge in the investments for the deployment of the 4G and 5G services and the continuous development of the telecommunication industry is expected to create lucrative opportunities for the global horizontal directional drilling market growth.
The major players operating in the global horizontal directional drilling market are Baker Hughes, Halliburton Co., Nabors Industries Ltd., Schlumberger Ltd., Scientific Drilling International Inc., Weatherford International Plc, American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., Direct Horizontal Drilling, Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze and estimate the market size of global horizontal directional drilling market from 2024-2032 to 2024-2032.
- To estimate and forecast the market size of global horizontal directional drilling from 2024-2032 to 2027 and growth rate until 2027.
- To classify and forecast global horizontal directional drilling based on machine, type, application, regional distribution, and company.
- To identify dominant region or segment in the global horizontal directional drilling market.
- To identify drivers and challenges for global horizontal directional drilling market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global horizontal directional drilling market.
- To identify and analyze the profile of leading players operating in global horizontal directional drilling market.
- To identify key sustainable strategies adopted by market players in global horizontal directional drilling market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Horizontal directional drilling manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to horizontal directional drilling market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2024-2032 |
| Historical Data | 2024-2032 – 2024-2032 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2024-2032-2024-2032 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Machine · Type · Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy, Poland; Denmark; South Africa, UAE, Saudi Arabia, Iraq; Turkey; Brazil, Argentina, Colombia; Peru; Chile |
| Key companies profiled | Baker Hughes, Halliburton Co., Nabors Industries Ltd., Schlumberger Ltd., Scientific Drilling International Inc., Weatherford International Plc, American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., Direct Horizontal Drilling, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
