Market Overview:
The global fracturing truck 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. In addition, the increasing demand for coalbed methane (CBM) is also contributing to the growth of this market. The fracturing truck market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into three-cylinder pump trucks, five-cylinder pump trucks, and others. The three-cylinder pump truck segment is expected to dominate this market during the forecast period owing to its low cost and easy availability across regions. On the basis of application, it can be classified into oil exploitation, gas exploitation,,and coalbed methane exploitation .Oil exploration is one ofthe key applications that are drivingthe growthof thismarket .
Product Definition:
A fracturing truck is a vehicle that is used to help in the process of fracturing. This truck helps to move equipment and supplies around the worksite, as well as transport water and other fluids. The importance of a fracturing truck is that it helps to make the process more efficient and easier for those working on the site.
Three-cylinder Pump:
Three-cylinder pump is a mechanical device used to move fluid. There are different types of three- cylindrical pumps such as centrifugal, positive displacement, and diaphragm. The market for three- cylinder pumps is expected to witness significant growth over the forecast period owing to its increasing application in fracturing operations in oil & gas industry and also due to technological advancements made by manufacturers in this segment.
Five-cylinder Pump:
The five-cylinder pump is a kind of impeller which is used in fracturing trucks. It has five cylinders as compared to four-cylinder pumps. The working principle of this type of pump is based on the suction lift and force circulation through the use of lobes or lobes with multiple stages.
This type can be used for both vertical.
Application Insights:
The oil exploitation segment dominated the global fracturing truck market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for petroleum products, such as diesel and gasoline, across the globe. Moreover, growing investments by various companies in developing new sources of oil supply are also driving this industry. For instance, in January 2018 Anadarko Petroleum Corporation announced about suspending its drilling activities due to low crude prices and high cost associated with them. However, it plans to continue spending on exploration activities during 2019-2020 timeframe which will eventually lead toward development of new sources of petroleum such as shale gas or tight gas resources located near existing producing areas.
Regional Analysis:
North America dominated the global fracturing truck market in 2017 owing to the presence of key players such as Halliburton, Schlumberger, and cement companies. The U.S., which is a major consumer for these trucks across North America, has increased its oil production by more than two million barrels per day from 2016 to 2017. This growth was mainly due to horizontal drilling and hydraulic fracturing techniques that have led to an increase in shale gas extraction across this region.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing herculean efforts made by various governments across countries such as China and India for increasing their energy requirements through unconventional sources including coal bed methane (CBM) along with shale gas deposits present under these soil types are attracting significant investments from foreign investors leading towards high demand for fracturing trucks within this region over next eight years (from 2018-2030).
Growth Factors:
- Increasing demand for oil and gas across the globe will drive the fracturing truck market growth.
- Rising investments in shale gas exploration and production will propel the fracturing truck market growth.
- Proliferation of hydraulic fracturing technology will boost the fracturing truck market demand over the forecast period.
- Growing number of fracking service providers is expected to fuel Fracturing Truck market growth during the forecast period 2019-2025 . 5) Technological advancements in Fracturing Truck equipment are likely to create new opportunities for this industry over coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Fracturing Truck Market Research Report
By Type
Three-cylinder Pump, Five-cylinder Pump, Others
By Application
Oil Exploitation, Gas Exploitation, Coalbed Methane Exploitation
By Companies
Halliburton, Schlumberger, STEWART&STEVENSON, GE(Baker Hughes), Total, SJ Petroleum Machinery, Jereh, Tongyong, Anheng Petroleum Equipment, Kerui
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Fracturing Truck Market Report Segments:
The global Fracturing Truck market is segmented on the basis of:
Types
Three-cylinder Pump, Five-cylinder Pump, Others
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
Oil Exploitation, Gas Exploitation, Coalbed Methane Exploitation
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:
- Halliburton
- Schlumberger
- STEWART&STEVENSON
- GE(Baker Hughes)
- Total
- SJ Petroleum Machinery
- Jereh
- Tongyong
- Anheng Petroleum Equipment
- Kerui
Highlights of The Fracturing Truck 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:
- Three-cylinder Pump
- Five-cylinder Pump
- Others
- By Application:
- Oil Exploitation
- Gas Exploitation
- Coalbed Methane Exploitation
- 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 Fracturing Truck 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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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 fracturing truck is a large, heavy vehicle that is used to break up rock formations in order to extract natural gas and oil.
Some of the major companies in the fracturing truck market are Halliburton, Schlumberger, STEWART&STEVENSON, GE(Baker Hughes), Total, SJ Petroleum Machinery, Jereh, Tongyong, Anheng Petroleum Equipment, Kerui.
The fracturing truck 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. Fracturing Truck 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. Fracturing Truck Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fracturing Truck Market - Supply Chain
4.5. Global Fracturing Truck Market Forecast
4.5.1. Fracturing Truck Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fracturing Truck Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fracturing Truck Market Absolute $ Opportunity
5. Global Fracturing Truck 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. Fracturing Truck Market Size and Volume Forecast by Type
5.3.1. Three-cylinder Pump
5.3.2. Five-cylinder Pump
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fracturing Truck 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. Fracturing Truck Market Size and Volume Forecast by Application
6.3.1. Oil Exploitation
6.3.2. Gas Exploitation
6.3.3. Coalbed Methane Exploitation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fracturing Truck 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. Fracturing Truck 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 Fracturing Truck 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. Fracturing Truck 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 Fracturing Truck Demand Share Forecast, 2019-2026
9. North America Fracturing Truck 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 Fracturing Truck 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 Fracturing Truck Market Size and Volume Forecast by Application
9.4.1. Oil Exploitation
9.4.2. Gas Exploitation
9.4.3. Coalbed Methane Exploitation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fracturing Truck Market Size and Volume Forecast by Type
9.7.1. Three-cylinder Pump
9.7.2. Five-cylinder Pump
9.7.3. Others
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 Fracturing Truck Demand Share Forecast, 2019-2026
10. Latin America Fracturing Truck 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 Fracturing Truck 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 Fracturing Truck Market Size and Volume Forecast by Application
10.4.1. Oil Exploitation
10.4.2. Gas Exploitation
10.4.3. Coalbed Methane Exploitation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fracturing Truck Market Size and Volume Forecast by Type
10.7.1. Three-cylinder Pump
10.7.2. Five-cylinder Pump
10.7.3. Others
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 Fracturing Truck Demand Share Forecast, 2019-2026
11. Europe Fracturing Truck 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 Fracturing Truck 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 Fracturing Truck Market Size and Volume Forecast by Application
11.4.1. Oil Exploitation
11.4.2. Gas Exploitation
11.4.3. Coalbed Methane Exploitation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fracturing Truck Market Size and Volume Forecast by Type
11.7.1. Three-cylinder Pump
11.7.2. Five-cylinder Pump
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections y 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 Fracturing Truck Demand Share, 2019-2026
12. Asia Pacific Fracturing Truck 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 Fracturing Truck 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 Fracturing Truck Market Size and Volume Forecast by Application
12.4.1. Oil Exploitation
12.4.2. Gas Exploitation
12.4.3. Coalbed Methane Exploitation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fracturing Truck Market Size and Volume Forecast by Type
12.7.1. Three-cylinder Pump
12.7.2. Five-cylinder Pump
12.7.3. Others
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 Fracturing Truck Demand Share, 2019-2026
13. Middle East & Africa Fracturing Truck 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 Fracturing Truck 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 Fracturing Truck Market Size and Volume Forecast by Application
13.4.1. Oil Exploitation
13.4.2. Gas Exploitation
13.4.3. Coalbed Methane Exploitation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fracturing Truck Market Size and Volume Forecast by Type
13.7.1. Three-cylinder Pump
13.7.2. Five-cylinder Pump
13.7.3. Others
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 Fracturing Truck Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fracturing Truck Market: Market Share Analysis
14.2. Fracturing Truck Distributors and Customers
14.3. Fracturing Truck Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Halliburton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schlumberger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STEWART&STEVENSON
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE(Baker Hughes)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SJ Petroleum Machinery
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jereh
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tongyong
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Anheng Petroleum Equipment
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kerui
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