Market Overview:
The global downhole tractor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing adoption of downhole tractors in onshore and offshore applications is also contributing to the growth of this market. On the basis of type, electrically driven downhole tractors are expected to dominate the global downhole tractor market during the forecast period from 2018 to 2030. This can be attributed to their high efficiency and low maintenance requirements as compared with other types of Downhole Tractors available in this market.
Product Definition:
Downhole tractor is a machine that is used to pull or push objects through a pipe. It is often used in oil and gas drilling operations to move drill pipe, casing, and other equipment through the wellbore.
Electrically Driven Downhole Tractors:
Electrically Driven (ED) tractors are a new type of downhole equipment that is used to enhance the efficiency and effectiveness of conventional bottom hole equipment. ED tractors use an electric current to move the bit, which in turn increases the rate at which wellbore pressures decline with depth. This results in more efficient extraction of hydrocarbons from wells with low-permeability rock using enhanced techniques such as electropulsing or electromagnetic suspension.
Mechanically Driven Downhole Tractors:
Mechanically Driven Downhole Tractors (MDDT) are used to perform various functions in a well, such as steerability, rotary table control, and depth of cut. MDDTs can be categorized into two types on the basis of their operational methods: conventional and electric-driven. Conventional MDDTs are hydraulic devices that rely on fluid power for movement; whereas electric-driven MDDTS use an electrical motor for movement powered by batteries or diesel fuel.
Application Insights:
Onshore application dominated the global downhole tractor market in 2017, accounting for over 75% of the overall revenue share. The segment is expected to witness significant growth on account of increasing demand from oil & gas companies for drilling operations. In addition, growing investments by foreign players in China and India are likely to drive the market over the forecast period.
The offshore application is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from energy companies for deep-water drilling activities across various regions including North America and Europe Pacific countries such as Japan.
Regional Analysis:
North America dominated the global downhole tractor market in 2017. The growth of the region can be attributed to increasing onshore and offshore drilling activities coupled with growing shale gas exploration in U.S. Furthermore, rising oil & gas E&P activities along with stringent regulatory scenario is expected to drive the demand for technologically advanced equipment including downhole tractors over the forecast period.
Asia Pacific is anticipated to witness significant growth over a CAGR exceeding 6% from 2018 to 2030 owing to rapid development of unconventional energy resources such as tight oil and shale gas across major economies such as China, India, Indonesia, Malaysia.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in exploration and production activities
- Technological advancements in downhole tractor equipment
- Growing number of drilling contractors worldwide
- Increasing focus on safety and efficiency in drilling operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Downhole Tractor Market Research Report
By Type
Electrically Driven Downhole Tractors, Mechanically Driven Downhole Tractors, Coiled Tubing Downhole Tractors
By Application
Onshore, Offshore
By Companies
Schlumberger, Welltec, BHGE, Sercel, Xi'an Well-sun Electronic Technology, Global Technology & Innovation, Downhole Petroleum Services & Supply Company, Aker Well Services, Weatherford
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Downhole Tractor Market Report Segments:
The global Downhole Tractor market is segmented on the basis of:
Types
Electrically Driven Downhole Tractors, Mechanically Driven Downhole Tractors, Coiled Tubing Downhole Tractors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Welltec
- BHGE
- Sercel
- Xi'an Well-sun Electronic Technology
- Global Technology & Innovation
- Downhole Petroleum Services & Supply Company
- Aker Well Services
- Weatherford
Highlights of The Downhole Tractor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrically Driven Downhole Tractors
- Mechanically Driven Downhole Tractors
- Coiled Tubing Downhole Tractors
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Downhole Tractor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A downhole tractor is a machine that is used to move equipment and materials down a well.
Some of the major companies in the downhole tractor market are Schlumberger, Welltec, BHGE, Sercel, Xi'an Well-sun Electronic Technology, Global Technology & Innovation, Downhole Petroleum Services & Supply Company, Aker Well Services, Weatherford.
The downhole tractor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Downhole Tractor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Downhole Tractor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Downhole Tractor Market - Supply Chain
4.5. Global Downhole Tractor Market Forecast
4.5.1. Downhole Tractor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Downhole Tractor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Downhole Tractor Market Absolute $ Opportunity
5. Global Downhole Tractor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Downhole Tractor Market Size and Volume Forecast by Type
5.3.1. Electrically Driven Downhole Tractors
5.3.2. Mechanically Driven Downhole Tractors
5.3.3. Coiled Tubing Downhole Tractors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Downhole Tractor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Downhole Tractor Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Downhole Tractor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Downhole Tractor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Downhole Tractor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Downhole Tractor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Downhole Tractor Demand Share Forecast, 2019-2026
9. North America Downhole Tractor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Downhole Tractor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Downhole Tractor Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Downhole Tractor Market Size and Volume Forecast by Type
9.7.1. Electrically Driven Downhole Tractors
9.7.2. Mechanically Driven Downhole Tractors
9.7.3. Coiled Tubing Downhole Tractors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Downhole Tractor Demand Share Forecast, 2019-2026
10. Latin America Downhole Tractor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Downhole Tractor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Downhole Tractor Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Downhole Tractor Market Size and Volume Forecast by Type
10.7.1. Electrically Driven Downhole Tractors
10.7.2. Mechanically Driven Downhole Tractors
10.7.3. Coiled Tubing Downhole Tractors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Downhole Tractor Demand Share Forecast, 2019-2026
11. Europe Downhole Tractor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Downhole Tractor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Downhole Tractor Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Downhole Tractor Market Size and Volume Forecast by Type
11.7.1. Electrically Driven Downhole Tractors
11.7.2. Mechanically Driven Downhole Tractors
11.7.3. Coiled Tubing Downhole Tractors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Downhole Tractor Demand Share, 2019-2026
12. Asia Pacific Downhole Tractor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Downhole Tractor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Downhole Tractor Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Downhole Tractor Market Size and Volume Forecast by Type
12.7.1. Electrically Driven Downhole Tractors
12.7.2. Mechanically Driven Downhole Tractors
12.7.3. Coiled Tubing Downhole Tractors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Downhole Tractor Demand Share, 2019-2026
13. Middle East & Africa Downhole Tractor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Downhole Tractor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Downhole Tractor Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Downhole Tractor Market Size and Volume Forecast by Type
13.7.1. Electrically Driven Downhole Tractors
13.7.2. Mechanically Driven Downhole Tractors
13.7.3. Coiled Tubing Downhole Tractors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Downhole Tractor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Downhole Tractor Market: Market Share Analysis
14.2. Downhole Tractor Distributors and Customers
14.3. Downhole Tractor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Welltec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BHGE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sercel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Xi'an Well-sun Electronic Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Global Technology & Innovation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Downhole Petroleum Services & Supply Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aker Well Services
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Weatherford
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
