LONDON--(BUSINESS WIRE)--Technavio has been monitoring the horizontal directional drilling market and it is poised to grow by USD 2.75 bn during 2019-2023, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes, a GE Co. LLC, Halliburton Co., Nabors Industries Ltd., Schlumberger Ltd., Scientific Drilling International Inc., and Weatherford International Plc, are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing investments in offshore projects has been instrumental in driving the growth of the market.
Horizontal Directional Drilling Market 2019-2023 : Segmentation
Horizontal directional drilling market is segmented as below:
-
Application
- Onshore
- Offshore
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Horizontal Directional Drilling Market 2019-2023 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our horizontal directional drilling market report covers the following areas:
- Horizontal Directional Drilling Market Size
- Horizontal Directional Drilling Market Trends
- Horizontal Directional Drilling Market Industry Analysis
This study identifies growing trend of integrated directional drilling technologies as one of the prime reasons driving the horizontal directional drilling market growth during the next few years.
Horizontal Directional Drilling Market 2019-2023 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the horizontal directional drilling market, including some of the vendors such as Baker Hughes, a GE Co. LLC, Halliburton Co., Nabors Industries Ltd., Schlumberger Ltd., Scientific Drilling International Inc., and Weatherford International Plc. Backed with competitive intelligence and benchmarking, our research reports on the horizontal directional drilling market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Horizontal Directional Drilling Market 2019-2023 : Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist horizontal directional drilling market growth during the next five years
- Estimation of the horizontal directional drilling market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the horizontal directional drilling market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of horizontal directional drilling market vendors
Table Of Contents :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Onshore - Market size and forecast 2018-2023
- Offshore - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Automation in horizontal directional drilling technique
- Innovations in rotary steerable systems
- Increase in production efficiency of oilfields using big data analytics
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Baker Hughes, a GE Co. LLC
- Halliburton Co.
- Nabors Industries Ltd.
- Schlumberger Ltd.
- Scientific Drilling International Inc.
- Weatherford International Plc
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of vendors positioning
PART 15: EXPLORE TECHNAVIO
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