Comprehensive Research Report on Global Horizontal Directional Drilling Market Analysis, Growth Forecast 2024-30
According to MarkNtel Advisors study the Global Horizontal Directional Drilling Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2024–2030 projection period.
The Global Horizontal Directional Drilling Market size was valued at around USD 8.22 billion in 2023 and is estimated to grow at a CAGR of about 9.22% during the forecast period, i.e., 2024-30.
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Horizontal Directional Drilling Market Driver:
Market Expansion to be Driven by Telecommunication and Oil Gas Sectors –
Horizontal directional drilling is used in the utility, oil gas, and telecommunications industries. High-speed broadband and cable service providers are actively expanding their networks to meet the increasing demand for these services. Furthermore, the deployment of fiber-optic and telecom lines to support 3G, 4G, and 5G networks has had a significant impact on the Horizontal Directional Drilling Market.
Competitive Landscape Segmentation Analysis:
In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Horizontal Directional Drilling market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- Vermeer Corporation
- American Augers
- Barbco Inc.
- Creighton Rock Drill Ltd.
- Laney Drilling
- Mclaughlin Boring Systems
- Horizontal Technology Inc.
- Ferguson Michiana Inc.
- Herrenknecht Ag
- Vector Magnetic LLC
- Jindal Drilling and Industries Ltd.
- Scientific Drilling International
- Cathedral Energy Services
- Others
By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket's unique growth trajectory and market share.
By Type
-Conventional-Market Size Forecast 2019-2030F, USD Million
-Rotary Steerable System- Market Size Forecast 2019-2030F, USD Million
By Application
-Onshore- Market Size Forecast 2019-2030F, USD Million
-Offshore- Market Size Forecast 2019-2030F, USD Million
By Services
-Rotary Steerable System (RSS)- Market Size Forecast 2019-2030F, USD Million
-Logging-While-Drilling - Market Size Forecast 2019-2030F, USD Million
-Measurement- While- Drilling (MWD) Survey- Market Size Forecast 2019-2030F, USD Million
-Motors (MUD)Motors- Market Size Forecast 2019-2030F, USD Million
-Others
By End User
-Oil Gas- Market Size Forecast 2019-2030F, USD Million
-Utility- Market Size Forecast 2019-2030F, USD Million
-Telecommunication- Market Size Forecast 2019-2030F, USD Million
-Others
Geographically, the Global Horizontal Directional Drilling extends across the following regions:
By Region
-North America
-South America
-Europe
-The Middle East Africa
-Asia-Pacific
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Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Horizontal Directional Drilling market analysis from 2024 to 2030.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter's five forces analysis.
- A comprehensive examination of the Horizontal Directional Drilling market segmentation aids in identifying the dominant market opportunities.
- The major countries in each area are shown in relation to the revenue they generate for the global market.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for Horizontal Directional Drilling industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.
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MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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