Drilling Rig Market- Archer Ltd., China Oilfield Services Ltd., Helmerich & Payne Inc., Among Others to Contribute to the Market Growth| Industry Analysis, Market Trends, Opportunities and Forecast 2020-2024

The drilling rig market is poised to grow by USD 18.35 bn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

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Technavio has announced its latest market research report titled Global Drilling Rig Market 2020-2024 (Graphic: Business Wire)

The report on the drilling rig market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by growth in oil and gas demand.

The drilling rig market analysis includes application segment and geography landscape. This study identifies the growing demand for new-generation automated drilling rigs as one of the prime reasons driving the drilling rig market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The drilling rig market covers the following areas:

Drilling Rig Market Sizing

Drilling Rig Market Forecast

Drilling Rig Market Analysis

Companies Mentioned

• Archer Ltd.
• China Oilfield Services Ltd.
• Helmerich & Payne Inc.
• KCA Deutag Alpha Ltd.
• Nabors Industries Ltd.
• National Oilwell Varco Inc.
• Noble Corp. Plc
• Patterson-UTI Energy Inc.
• Transocean Ltd.
• and Valaris Plc.

Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Onshore - Market size and forecast 2019-2024
• Offshore - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Archer Ltd.
• China Oilfield Services Ltd.
• Helmerich & Payne Inc.
• KCA Deutag Alpha Ltd.
• Nabors Industries Ltd.
• National Oilwell Varco Inc.
• Noble Corp. Plc
• Patterson-UTI Energy Inc.
• Transocean Ltd.
• Valaris Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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