Market Overview:
The global mobile exploration drilling rig 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 growing demand for geothermal energy is also propelling the growth of this market. However, volatility in crude oil prices may restrain the growth of this market to some extent during the forecast period. On basis of type, crawler type rigs are expected to dominate the global mobile exploration drilling rig market during 2018-2030 owing to their ability drill through hard rocks and soils with ease. Truck-mounted rigs are also anticipated witness significant growth due their easy transportation capabilities across different terrains as compared with other types of rigs available in this market space.
Product Definition:
A mobile exploration drilling rig is a vehicle that is used to drill exploratory wells. These wells are used to determine the potential of an area for oil and gas production. Mobile exploration drilling rigs are important because they allow companies to assess an area's potential without having to build a permanent well site.
Crawler Type:
Crawler type is a mobile exploration drilling rig that is used to borehole into the earth's surface for exploring hydrocarbon-bearing rocks and minerals. It has an open-ended design, which allows it to be lowered onto the desired location for drilling purposes. The primary function of a crawler drill rig is to enable vertical exploration and allow operators to conduct surveys before initiating test bores or starting new wellbores.
Truck-mounted Type:
The truck-mounted type is a drilling rig that is used to carry out exploration and drilling operations. It has the ability to travel overland as well as through water and other soft surfaces. The market for truck-mounted types has been witnessing significant growth owing to an increase in oil & gas E&P activities across the globe.
Growing demand for onshore.
Application Insights:
The global demand for mobile exploration drilling rigs was dominated by the mining application with a share of over 60.0% in 2017. The growing demand for rig-based services to extract resources from deep underground is expected to be the key factor driving the segment growth over the forecast period.
The oil and gas segment is anticipated to witness significant growth in future owing to rising production activities across various regions including Middle East, Africa and former Soviet republics. In addition, increasing focus on cost-effective methods of oil & gas extraction coupled with technological advancements are expected to further propel industry expansion over next eight years or so.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017. The regional market will expand further at a steady CAGR from 2018 to 2030 owing to increasing government support and rising exploration activities in countries, such as India, Indonesia, Philippines and China. In addition, growing oil demand from emerging economies is expected to drive the overall industry growth over the forecast period.
The Middle East & Africa is anticipated to be one of the key regions over the next eight years owing to high potential for petroleum reserves across Saudi Arabia and UAE. Moreover, presence of significant oilfield development projects including Dukhan field (Shaheen), Al-Ghalbi (Abu Dhabi) and Khurais (Abu Hadriyah) are likely boost market growth in MEA region during forecast period.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in exploration and production activities by oil and gas companies
- Technological advancements in mobile exploration drilling rigs that improve efficiency and reduce costs
- Growing popularity of unconventional sources of hydrocarbons such as shale gas, tight sands, etc.
- Stringent environmental regulations that promote the use of more efficient drilling technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Exploration Drilling Rig Market Research Report
By Type
Crawler Type, Truck-mounted Type, Wheeled Type
By Application
Geothermal, Mining, Oil And Gas, Other
By Companies
Sandvik Mining and Rock Technology, MASSENZA FU GIUSEPPE, SCHRAMM, EMCI, HERBST SMAG Mining Technologies GmbH, Boart Longyear, Beretta Alfredo, Epiroc, BAUER Maschinen GmbH, Foremost Industries, Sandvik Mining and Rock Technology, Everdigm, HARDAB, Comacchio
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
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Mobile Exploration Drilling Rig Market Report Segments:
The global Mobile Exploration Drilling Rig market is segmented on the basis of:
Types
Crawler Type, Truck-mounted Type, Wheeled 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
Geothermal, Mining, Oil And Gas, 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:
- Sandvik Mining and Rock Technology
- MASSENZA FU GIUSEPPE
- SCHRAMM
- EMCI
- HERBST SMAG Mining Technologies GmbH
- Boart Longyear
- Beretta Alfredo
- Epiroc
- BAUER Maschinen GmbH
- Foremost Industries
- Sandvik Mining and Rock Technology
- Everdigm
- HARDAB
- Comacchio
Highlights of The Mobile Exploration 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:
- Crawler Type
- Truck-mounted Type
- Wheeled Type
- By Application:
- Geothermal
- Mining
- Oil And Gas
- 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 Mobile Exploration 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:
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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 mobile exploration drilling rig is a specialized piece of equipment used to drill into the earth's surface. The rig typically consists of a truck-mounted drilling platform, which is supported by several hydraulic arms. The platform can be moved around the site, allowing for quick and easy access to different areas of the ground.
Some of the key players operating in the mobile exploration drilling rig market are Sandvik Mining and Rock Technology, MASSENZA FU GIUSEPPE, SCHRAMM, EMCI, HERBST SMAG Mining Technologies GmbH, Boart Longyear, Beretta Alfredo, Epiroc, BAUER Maschinen GmbH, Foremost Industries, Sandvik Mining and Rock Technology, Everdigm, HARDAB, Comacchio.
The mobile exploration 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 Mobile Exploration 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 Mobile Exploration Drilling Rig Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mobile Exploration 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 Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size & Forecast, 2018-2028
4.5.1 Mobile Exploration Drilling Rig Market Size and Y-o-Y Growth
4.5.2 Mobile Exploration Drilling Rig Market Absolute $ Opportunity
Chapter 5 Global Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Type
5.2.1 Crawler Type
5.2.2 Truck-mounted Type
5.2.3 Wheeled Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Applications
6.2.1 Geothermal
6.2.2 Mining
6.2.3 Oil And Gas
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mobile Exploration 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 Mobile Exploration 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 Mobile Exploration Drilling Rig Analysis and Forecast
9.1 Introduction
9.2 North America Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Type
9.6.1 Crawler Type
9.6.2 Truck-mounted Type
9.6.3 Wheeled 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 Mobile Exploration Drilling Rig Market Size Forecast by Applications
9.10.1 Geothermal
9.10.2 Mining
9.10.3 Oil And Gas
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 Mobile Exploration Drilling Rig Analysis and Forecast
10.1 Introduction
10.2 Europe Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Type
10.6.1 Crawler Type
10.6.2 Truck-mounted Type
10.6.3 Wheeled 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 Mobile Exploration Drilling Rig Market Size Forecast by Applications
10.10.1 Geothermal
10.10.2 Mining
10.10.3 Oil And Gas
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 Mobile Exploration Drilling Rig Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Type
11.6.1 Crawler Type
11.6.2 Truck-mounted Type
11.6.3 Wheeled 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 Mobile Exploration Drilling Rig Market Size Forecast by Applications
11.10.1 Geothermal
11.10.2 Mining
11.10.3 Oil And Gas
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 Mobile Exploration Drilling Rig Analysis and Forecast
12.1 Introduction
12.2 Latin America Mobile Exploration 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 Mobile Exploration Drilling Rig Market Size Forecast by Type
12.6.1 Crawler Type
12.6.2 Truck-mounted Type
12.6.3 Wheeled 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 Mobile Exploration Drilling Rig Market Size Forecast by Applications
12.10.1 Geothermal
12.10.2 Mining
12.10.3 Oil And Gas
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) Mobile Exploration Drilling Rig Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mobile Exploration 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) Mobile Exploration Drilling Rig Market Size Forecast by Type
13.6.1 Crawler Type
13.6.2 Truck-mounted Type
13.6.3 Wheeled 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) Mobile Exploration Drilling Rig Market Size Forecast by Applications
13.10.1 Geothermal
13.10.2 Mining
13.10.3 Oil And Gas
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 Mobile Exploration Drilling Rig Market: Competitive Dashboard
14.2 Global Mobile Exploration Drilling Rig Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik Mining and Rock Technology
14.3.2 MASSENZA FU GIUSEPPE
14.3.3 SCHRAMM
14.3.4 EMCI
14.3.5 HERBST SMAG Mining Technologies GmbH
14.3.6 Boart Longyear
14.3.7 Beretta Alfredo
14.3.8 Epiroc
14.3.9 BAUER Maschinen GmbH
14.3.10 Foremost Industries
14.3.11 Sandvik Mining and Rock Technology
14.3.12 Everdigm
14.3.13 HARDAB
14.3.14 Comacchio
