Market Overview:
The global core drilling rig market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas, geothermal, and other applications across the globe. In terms of type, the caterpillar type segment is expected to hold a major share of the global core drilling rig market during the forecast period. This can be attributed to its high efficiency and productivity as compared to other types of rigs available in the market.
Product Definition:
A core drilling rig is a machine used to drill into the earth to collect a sample of the underlying rock. The importance of core drilling rigs is that they allow scientists and researchers to study the makeup of rocks beneath the surface without having to excavate them. This is important for understanding how the earth's tectonic plates move and for locating natural resources like oil and gas reserves.
Caterpillar Type:
Caterpillar Type is used in Core Drilling Rig for removing the cuttings from wellbore. It's main function is to reduce the weight of string and cable connected with drilling rig, which in turn reduces the drag on drill bit and increases its speed.
Wheel Type:
The wheel type is a device used in the core drilling rig to control and monitor the speed of rotation. It is also known as drilling or spade drill. The wheel has 24 teeth and it rotates at constant speed which can be adjusted by changing the gear ratio. The faster you go, more teeth are engaged resulting in higher torque that makes it possible to drill through hard rocks with ease.
Application Insights:
The oil and gas application segment accounted for the largest market share of over 60% in 2017. The growth can be attributed to the increasing demand for drilling rigs by various operators in order to extract hydrocarbons from beneath the surface of the earth. Furthermore, technological advancements coupled with rising exploration activities are expected to boost industry growth over the forecast period.
Geothermal is anticipated to be one of the fastest-growing applications owing to an increase in drilling operations at high temperatures for geothermal energy production as well as heat pumps and water heating applications. Increasing government funding towards research & development on new technologies related to core Drilling Rig For Geothermal Energy Production (DREG) is also likely fuel industry expansion during future years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in oil and gas activities as well as geopolitical issues. However, geopolitical issues are anticipated to affect drilling operations at a lesser extent compared to other regions due to the presence of key companies such as Halliburton and Schlumberger.
Asia Pacific is expected to grow at an exponential rate of 7% from 2018 till 2030 due its increasing demand for core drilling rigs from various applications including oil and gas, geothermal, geological prospecting, etc.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising investment in oil & gas exploration and production
- Proliferation of unconventional drilling techniques such as hydraulic fracturing and horizontal drilling
- Growing popularity of electric vehicles which require more core drilling for battery installation
- Technological advancements that improve the efficiency, accuracy, and safety of core drilling rigs
Scope Of The Report
Report Attributes
Report Details
Report Title
Core Drilling Rig Market Research Report
By Type
Caterpillar Type, Wheel Type
By Application
Oil and Gas, Geothermal, Geological Prospecting, Other
By Companies
Acker Drill Company, Boart Longyear, Comacchio Srl, EMCI, Everdigm, Massenza Impianti di Perforazione, SOILMEC S.P.A., Usinage Marcotte, Submit, Acker Drill Company
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Core Drilling Rig Market Report Segments:
The global Core Drilling Rig market is segmented on the basis of:
Types
Caterpillar Type, Wheel Type
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 and Gas, Geothermal, Geological Prospecting, Other
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:
- Acker Drill Company
- Boart Longyear
- Comacchio Srl
- EMCI
- Everdigm
- Massenza Impianti di Perforazione
- SOILMEC S.P.A.
- Usinage Marcotte
- Submit
- Acker Drill Company
Highlights of The Core Drilling Rig 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:
- Caterpillar Type
- Wheel Type
- By Application:
- Oil and Gas
- Geothermal
- Geological Prospecting
- Other
- 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 Core Drilling Rig 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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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 core drilling rig is a large, heavy-duty machine used to drill down into the earth's surface. Core drilling rigs are typically equipped with powerful engines and hydraulic systems that allow them to move quickly and easily through the ground.
Some of the key players operating in the core drilling rig market are Acker Drill Company, Boart Longyear, Comacchio Srl, EMCI, Everdigm, Massenza Impianti di Perforazione, SOILMEC S.P.A., Usinage Marcotte, Submit, Acker Drill Company.
The core drilling rig market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Core Drilling Rig Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Core Drilling Rig Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Core Drilling Rig Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Core Drilling Rig Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Core Drilling Rig Market Size & Forecast, 2018-2028
4.5.1 Core Drilling Rig Market Size and Y-o-Y Growth
4.5.2 Core Drilling Rig Market Absolute $ Opportunity
Chapter 5 Global Core Drilling Rig Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Core Drilling Rig Market Size Forecast by Type
5.2.1 Caterpillar Type
5.2.2 Wheel Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Core Drilling Rig Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Core Drilling Rig Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Geothermal
6.2.3 Geological Prospecting
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Core Drilling Rig Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Core Drilling Rig Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Core Drilling Rig Analysis and Forecast
9.1 Introduction
9.2 North America Core Drilling Rig Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Core Drilling Rig Market Size Forecast by Type
9.6.1 Caterpillar Type
9.6.2 Wheel Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Core Drilling Rig Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Geothermal
9.10.3 Geological Prospecting
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Core Drilling Rig Analysis and Forecast
10.1 Introduction
10.2 Europe Core Drilling Rig Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Core Drilling Rig Market Size Forecast by Type
10.6.1 Caterpillar Type
10.6.2 Wheel Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Core Drilling Rig Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Geothermal
10.10.3 Geological Prospecting
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Core Drilling Rig Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Core Drilling Rig Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Core Drilling Rig Market Size Forecast by Type
11.6.1 Caterpillar Type
11.6.2 Wheel Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Core Drilling Rig Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Geothermal
11.10.3 Geological Prospecting
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Core Drilling Rig Analysis and Forecast
12.1 Introduction
12.2 Latin America Core Drilling Rig Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Core Drilling Rig Market Size Forecast by Type
12.6.1 Caterpillar Type
12.6.2 Wheel Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Core Drilling Rig Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Geothermal
12.10.3 Geological Prospecting
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Core Drilling Rig Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Core Drilling Rig Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Core Drilling Rig Market Size Forecast by Type
13.6.1 Caterpillar Type
13.6.2 Wheel Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Core Drilling Rig Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Geothermal
13.10.3 Geological Prospecting
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Core Drilling Rig Market: Competitive Dashboard
14.2 Global Core Drilling Rig Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acker Drill Company
14.3.2 Boart Longyear
14.3.3 Comacchio Srl
14.3.4 EMCI
14.3.5 Everdigm
14.3.6 Massenza Impianti di Perforazione
14.3.7 SOILMEC S.P.A.
14.3.8 Usinage Marcotte
14.3.9 Submit
14.3.10 Acker Drill Company
