Research and Markets: Experts Predict That in 2009-2010 Russia's Drilling Equipment Market Will Grow at the Rate of the Year 2008

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/bcc07a/marketing_research) has announced the addition of the "Marketing Research and Analysis of Drilling Equipment Market, 2008 - 1st Half of Year 2009" report to their offering.

“Marketing Research and Analysis of Drilling Equipment Market, 2008 - 1st Half of Year 2009”

B2B Research Company has conducted a market research and a review of the Russian drilling equipment market.

The Russian drilling equipment market was demonstrating stable development dynamics in 2008 (except the 4th quarter of year 2008). The market growth in 2008 (with due account for the crisis 4th quarter of 2008) was 10% to 20% in relation to year 2007.

The market development in 2008 was characterized by the fortifying positions of foreign-made drilling equipment, which was caused by the growth of Chinese manufacturers, first of all, as well as of the world leaders from European countries. The import share in the drilling equipment market structure in 2008 was about 49%.

Domestic manufacturers held their leading positions in the Russian market structure in 2008 (about 51%), however, the extensively growing import share may lead, according to experts, to serious structural changes in the proportion between the products as regards their countries of origin.

The dominant share in the total market structure was covered by mobile equipment (58% in 2008 and 60% in the 1st half of year 2009). This type of equipment is used for different purposes and characterized by mobility.

Experts predicted that in 2009-2010 the drilling equipment market will grow at the rate of year 2008. However, the world financial crisis whose beginning the Russian economy faced in the 4th quarter of year 2008 has significantly changed the predictions. According to expert estimates, the reduction of the drilling equipment market may reach 50% in 2009.

This research highlights all aspects of the Russian drilling equipment market:

General characteristic of the market and adjacent markets;
Market structure (including production volumes and export-import volumes, positions of key players, price segmentation)
Development trends, historical data and forecast
Review of distribution systems
Profiles of key market players

Research goal To evaluate the current state of drilling equipment market. Range segmentation

Mobile drilling equipment
Non-mobile drilling equipment
Other drilling equipment (including drilling equipment for mini-loaders, drilling equipment for construction work, drilling equipment for horizontal drilling, modular drilling rigs, equipment for borehole making, etc.)

Research methodology

1. Gathering and analysis of secondary sources of information:

Gathering and analysis of state statistics data provided by the Federal
Customs Service of RF, Federal State Statistics Service of RF;
Monitoring of mass media: federal, regional and specialized printed editions;
Specialized databases;
Industry statistics;
Internet-sources: market participants web-sites, specialized web-portals, etc.;
Data provided by rating agencies;
Searching work based on inquiries at infrastructure enterprises of the investigated market (marketing agencies, servicing markets, expert companies, independent experts, analytical companies, etc.).

2. Expert interviews with market participants: manufacturers, importers, distributors, representatives of associations/ unions, specialized mass media, industry institutes, independent industry experts.

Keywords and phrases: Oil and gas, drilling, drilling equipment

The English version of this report takes 6 days for delivery.

Key Topics Covered: