Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Drilling Motors Market by Type (Dry Drilling Motor, Wet Drilling Motor), By Application (Road Constructions, Buildings, City Public Works, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Drilling Motors Market by Type (Dry Drilling Motor, Wet Drilling Motor), By Application (Road Constructions, Buildings, City Public Works, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156446 3300 Machinery & Equipment 377 231 Pages 4.7 (48)

Market Overview:

The global drilling motors 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 drilling motors in various applications such as road constructions, buildings, city public works, and others. Additionally, the growing demand for electric vehicles is also propelling the growth of the global drilling motors market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, dry drilling motor segment accounted for majority share in 2017 and is projected to maintain its dominance throughout forecast period owing to its properties such as high efficiency and low maintenance cost. On basis of application, road construction segment dominated global drilling motors market in 2017 and is projected to maintain its dominance throughout forecast period due rising infrastructural development activities across globe coupled with increasing number of government initiatives towards development & upgradation of transportation infrastructure . Asia Pacific region accounted for largest share in terms of revenue followed by Europe region In Global Drilling Motors Market In 2017 And Is Expected To Maintain Its Dominance Throughout The Forecast Period 2018-2030 Due To Rapid Urbanization And Infrastructure Development Activities Across Countries Such As China , India , Japan And South Korea .

Global Drilling Motors Industry Outlook

Product Definition:

A drilling motor is a piece of equipment used in rotary drilling to impart motion to the drill bit. It converts the rotation of the drill pipe into linear motion, which then drills through the earth. The importance of drilling motors is that they allow for rotary drilling, which is more efficient and powerful than percussion drilling.

Dry Drilling Motor:

Dry drilling motor is a type of electric motor used in rotary drilling rigs. It is also known as power-driven drill (PDD). The dry drilling motors are classified into two types on the basis of their speed: slow speed and high speed. On the basis of applications, they are used in oil & gas well intervention services, conventional deep well workover and unconventional deep well workover application.

Wet Drilling Motor:

The wet drilling motor is a device used to convert the rotary motion of the drill string to a linear one by using water as its power source. The WDM consists of two main components, namely, the housing and impeller. The impeller is mounted on the end of drill pipe and it creates fluid movement in opposite direction through which rock or soil can be penetrated.

Application Insights:

The road constructions application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing government expenditure on infrastructure development across the globe. For instance, according to World Bank, global infrastructural investments increased from around USD 300 billion in 2000 to more than USD 600 billion in 2010, growing at an estimated rate of 8% over the last decade. This investment is expected to increase further reaching approximately USD 800 billion by 2020 and above 900 billion by 2022.

Building construction applications are also anticipated witness significant growth owing to rising demand for high-quality steel products that are used in building structures such as beams & columns, roofing systems & gables etc.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant demand for road construction equipment, which is likely to propel market growth. China and India are among the largest markets for drilling machines in Asia Pacific.

In North America, growing demand from oil & gas industry is anticipated to drive product adoption over the forecast period. Increasing offshore projects along with shale boom in U.S.

Growth Factors:

  • Increasing demand for oil and gas due to growing population and industrialization
  • Rising investments in drilling activities by oil and gas companies
  • Technological advancements in drilling motors that improve their performance
  • Growing awareness about the benefits of using drilling motors among end users
  • Stringent regulations for safety and environment protection

Scope Of The Report

Report Attributes

Report Details

Report Title

Drilling Motors Market Research Report

By Type

Dry Drilling Motor, Wet Drilling Motor

By Application

Road Constructions, Buildings, City Public Works, Others

By Companies

Husqvarna, Caterpillar, Komatsu, Hitachi, Volvo, Liebherr, XCMG, Tartan, Hanjiu, Sany, John Deere, Multiquip

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Drilling Motors Market Report Segments:

The global Drilling Motors market is segmented on the basis of:


Dry Drilling Motor, Wet Drilling Motor

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.


Road Constructions, Buildings, City Public Works, Others

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:

  1. Husqvarna
  2. Caterpillar
  3. Komatsu
  4. Hitachi
  5. Volvo
  6. Liebherr
  7. XCMG
  8. Tartan
  9. Hanjiu
  10. Sany
  11. John Deere
  12. Multiquip

Global Drilling Motors Market Overview

Highlights of The Drilling Motors Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Dry Drilling Motor
    2. Wet Drilling Motor
  1. By Application:

    1. Road Constructions
    2. Buildings
    3. City Public Works
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Drilling Motors 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
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Drilling Motors Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Drilling motors are used to rotate the drill bit in a drilling operation.

Some of the key players operating in the drilling motors market are Husqvarna, Caterpillar, Komatsu, Hitachi, Volvo, Liebherr, XCMG, Tartan, Hanjiu, Sany, John Deere, Multiquip.

The drilling motors market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Drilling Motors 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 Motors Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Drilling Motors Market - Supply Chain
   4.5. Global Drilling Motors Market Forecast
      4.5.1. Drilling Motors Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Drilling Motors Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Drilling Motors Market Absolute $ Opportunity

5. Global Drilling Motors 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 Motors Market Size and Volume Forecast by Type
      5.3.1. Dry Drilling Motor
      5.3.2. Wet Drilling Motor
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Drilling Motors 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 Motors Market Size and Volume Forecast by Application
      6.3.1. Road Constructions
      6.3.2. Buildings
      6.3.3. City Public Works
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Drilling Motors 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 Motors 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 Motors 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 Motors 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 Motors Demand Share Forecast, 2019-2026

9. North America Drilling Motors 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 Motors 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 Motors Market Size and Volume Forecast by Application
      9.4.1. Road Constructions
      9.4.2. Buildings
      9.4.3. City Public Works
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Drilling Motors Market Size and Volume Forecast by Type
      9.7.1. Dry Drilling Motor
      9.7.2. Wet Drilling Motor
   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 Motors Demand Share Forecast, 2019-2026

10. Latin America Drilling Motors 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 Motors 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 Motors Market Size and Volume Forecast by Application
      10.4.1. Road Constructions
      10.4.2. Buildings
      10.4.3. City Public Works
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Drilling Motors Market Size and Volume Forecast by Type
      10.7.1. Dry Drilling Motor
      10.7.2. Wet Drilling Motor
   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 Motors Demand Share Forecast, 2019-2026

11. Europe Drilling Motors 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 Motors 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 Motors Market Size and Volume Forecast by Application
      11.4.1. Road Constructions
      11.4.2. Buildings
      11.4.3. City Public Works
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Drilling Motors Market Size and Volume Forecast by Type
      11.7.1. Dry Drilling Motor
      11.7.2. Wet Drilling Motor
   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 Motors Demand Share, 2019-2026

12. Asia Pacific Drilling Motors 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 Motors 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 Motors Market Size and Volume Forecast by Application
      12.4.1. Road Constructions
      12.4.2. Buildings
      12.4.3. City Public Works
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Drilling Motors Market Size and Volume Forecast by Type
      12.7.1. Dry Drilling Motor
      12.7.2. Wet Drilling Motor
   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 Motors Demand Share, 2019-2026

13. Middle East & Africa Drilling Motors 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 Motors 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 Motors Market Size and Volume Forecast by Application
      13.4.1. Road Constructions
      13.4.2. Buildings
      13.4.3. City Public Works
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Drilling Motors Market Size and Volume Forecast by Type
      13.7.1. Dry Drilling Motor
      13.7.2. Wet Drilling Motor
   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 Motors Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Drilling Motors Market: Market Share Analysis
   14.2. Drilling Motors Distributors and Customers
   14.3. Drilling Motors Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Husqvarna Overview Financials Developments Strategic Outlook
      14.4.2. Caterpillar Overview Financials Developments Strategic Outlook
      14.4.3. Komatsu Overview Financials Developments Strategic Outlook
      14.4.4. Hitachi Overview Financials Developments Strategic Outlook
      14.4.5. Volvo Overview Financials Developments Strategic Outlook
      14.4.6. Liebherr Overview Financials Developments Strategic Outlook
      14.4.7. XCMG Overview Financials Developments Strategic Outlook
      14.4.8. Tartan Overview Financials Developments Strategic Outlook
      14.4.9. Hanjiu Overview Financials Developments Strategic Outlook
      14.4.10. Sany Overview Financials Developments Strategic Outlook
      14.4.11. John Deere Overview Financials Developments Strategic Outlook
      14.4.12. Multiquip Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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