The global drilling contractor market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for drilling services in various industries such as oil and gas, mining, and construction. The increasing demand for drilling services in various industries such as oil and gas, mining, and construction is driving the growth of this market.
The global drilling contractor market has been segmented on the basis of type into Drilling Maintenance, Technical Service, Drilling Contractor; on the basis of application into Large Enterprises (LEs) and Small & Medium-sized Enterprises (SMEs); and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) & Middle East & Africa (MEA).
5a) Drilling contractors are also needed because they provide a service that can't be replaced by any other industry - they drill holes in the ground so we can extract natural resources from below ground level 6) Drilling contractor market growth factors include an increase in demand as well as an increase in costs.
- Drilling contractors are in high demand due to the increase in drilling activity.
- Drilling contractors are needed to drill for oil and gas, which is a finite resource that will eventually run out.
- The cost of drilling has increased due to the need for more expensive equipment and labor, which is driving up the price of drilling services.
- The number of rigs available for hire has decreased because many companies have gone bankrupt or have been bought out by larger companies who now own all their rigs, making it difficult for smaller companies to compete with them on price or availability of equipment and labor.
Industry Growth Insights published a new data on “Drilling Contractor Market”. The research report is titled “Drilling Contractor Market research by Types (Drilling Maintenance, Technical Service, Drilling Contracto), By Applications (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), By Players/Companies Nelson Precision Drilling Co., Inc., Thompson Gundrilling, Inc., Herbert Lutz & Co., Inc., H & H Sheet Metal & Machining, Gaum, Inc., Nicholson Construction Company, MWP Contractors, LLC, EnviroCore, Inc., Shannon & Wilson, Inc., PRK Drilling & Blasting, Inc., Viking Concrete Cutting, Inc., Logical Environmental Solutions, LLC, LAI Southwest, Div. of LAI International, Inc., Advanced Precision, Inc., ACE Concrete Cutting, LLC, Indy Water Solutions, LLC, Drilling Contracto”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Contractor Market Research Report
By Type
Drilling Maintenance, Technical Service, Drilling Contracto
By Application
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
By Companies
Nelson Precision Drilling Co., Inc., Thompson Gundrilling, Inc., Herbert Lutz & Co., Inc., H & H Sheet Metal & Machining, Gaum, Inc., Nicholson Construction Company, MWP Contractors, LLC, EnviroCore, Inc., Shannon & Wilson, Inc., PRK Drilling & Blasting, Inc., Viking Concrete Cutting, Inc., Logical Environmental Solutions, LLC, LAI Southwest, Div. of LAI International, Inc., Advanced Precision, Inc., ACE Concrete Cutting, LLC, Indy Water Solutions, LLC, Drilling Contracto
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Contractor Market Report Segments:
The global Drilling Contractor market is segmented on the basis of:
Types
Drilling Maintenance, Technical Service, Drilling Contracto
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
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
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:
- Nelson Precision Drilling Co., Inc.
- Thompson Gundrilling, Inc.
- Herbert Lutz & Co., Inc.
- H & H Sheet Metal & Machining
- Gaum, Inc.
- Nicholson Construction Company
- MWP Contractors, LLC
- EnviroCore, Inc.
- Shannon & Wilson, Inc.
- PRK Drilling & Blasting, Inc.
- Viking Concrete Cutting, Inc.
- Logical Environmental Solutions, LLC
- LAI Southwest, Div. of LAI International, Inc.
- Advanced Precision, Inc.
- ACE Concrete Cutting, LLC
- Indy Water Solutions, LLC
- Drilling Contracto
Highlights of The Drilling Contractor 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:
- Drilling Maintenance
- Technical Service
- Drilling Contracto
- By Application:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- 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 Drilling Contractor 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.
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- Correctly Positioning New Products
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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 drilling contractor is a company that specializes in providing drilling services to oil and gas companies. They provide everything from the initial exploration of potential resources to the actual installation of wells.
Some of the major companies in the drilling contractor market are Nelson Precision Drilling Co., Inc., Thompson Gundrilling, Inc., Herbert Lutz & Co., Inc., H & H Sheet Metal & Machining, Gaum, Inc., Nicholson Construction Company, MWP Contractors, LLC, EnviroCore, Inc., Shannon & Wilson, Inc., PRK Drilling & Blasting, Inc., Viking Concrete Cutting, Inc., Logical Environmental Solutions, LLC, LAI Southwest, Div. of LAI International, Inc., Advanced Precision, Inc., ACE Concrete Cutting, LLC, Indy Water Solutions, LLC, Drilling Contracto.
The drilling contractor market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drilling Contractor 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. Drilling Contractor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drilling Contractor Market - Supply Chain
4.5. Global Drilling Contractor Market Forecast
4.5.1. Drilling Contractor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drilling Contractor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drilling Contractor Market Absolute $ Opportunity
5. Global Drilling Contractor 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. Drilling Contractor Market Size and Volume Forecast by Type
5.3.1. Drilling Maintenance
5.3.2. Technical Service
5.3.3. Drilling Contracto
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drilling Contractor 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. Drilling Contractor Market Size and Volume Forecast by Application
6.3.1. Large Enterprises
6.3.2. Small and Medium-sized Enterprises (SMEs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drilling Contractor 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. Drilling Contractor 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 Drilling Contractor 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. Drilling Contractor 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 Drilling Contractor Demand Share Forecast, 2019-2026
9. North America Drilling Contractor 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 Drilling Contractor 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 Drilling Contractor Market Size and Volume Forecast by Application
9.4.1. Large Enterprises
9.4.2. Small and Medium-sized Enterprises (SMEs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drilling Contractor Market Size and Volume Forecast by Type
9.7.1. Drilling Maintenance
9.7.2. Technical Service
9.7.3. Drilling Contracto
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 Drilling Contractor Demand Share Forecast, 2019-2026
10. Latin America Drilling Contractor 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 Drilling Contractor 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 Drilling Contractor Market Size and Volume Forecast by Application
10.4.1. Large Enterprises
10.4.2. Small and Medium-sized Enterprises (SMEs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drilling Contractor Market Size and Volume Forecast by Type
10.7.1. Drilling Maintenance
10.7.2. Technical Service
10.7.3. Drilling Contracto
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 Drilling Contractor Demand Share Forecast, 2019-2026
11. Europe Drilling Contractor 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 Drilling Contractor 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 Drilling Contractor Market Size and Volume Forecast by Application
11.4.1. Large Enterprises
11.4.2. Small and Medium-sized Enterprises (SMEs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drilling Contractor Market Size and Volume Forecast by Type
11.7.1. Drilling Maintenance
11.7.2. Technical Service
11.7.3. Drilling Contracto
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 Drilling Contractor Demand Share, 2019-2026
12. Asia Pacific Drilling Contractor 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 Drilling Contractor 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 Drilling Contractor Market Size and Volume Forecast by Application
12.4.1. Large Enterprises
12.4.2. Small and Medium-sized Enterprises (SMEs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drilling Contractor Market Size and Volume Forecast by Type
12.7.1. Drilling Maintenance
12.7.2. Technical Service
12.7.3. Drilling Contracto
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 Drilling Contractor Demand Share, 2019-2026
13. Middle East & Africa Drilling Contractor 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 Drilling Contractor 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 Drilling Contractor Market Size and Volume Forecast by Application
13.4.1. Large Enterprises
13.4.2. Small and Medium-sized Enterprises (SMEs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drilling Contractor Market Size and Volume Forecast by Type
13.7.1. Drilling Maintenance
13.7.2. Technical Service
13.7.3. Drilling Contracto
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 Drilling Contractor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drilling Contractor Market: Market Share Analysis
14.2. Drilling Contractor Distributors and Customers
14.3. Drilling Contractor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nelson Precision Drilling Co., Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Thompson Gundrilling, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Herbert Lutz & Co., Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. H & H Sheet Metal & Machining
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gaum, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nicholson Construction Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MWP Contractors, LLC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EnviroCore, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shannon & Wilson, Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. PRK Drilling & Blasting, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Viking Concrete Cutting, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Logical Environmental Solutions, LLC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LAI Southwest, Div. of LAI International, Inc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Advanced Precision, Inc.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ACE Concrete Cutting, LLC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Indy Water Solutions, LLC
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Drilling Contracto
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
