Market Overview:
The global oil and gas milling equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing investments in drilling and exploration activities are also contributing to the growth of this market. The global oil and gas milling equipment market can be segmented on the basis of type, application, and region. On the basis of type,the market can be divided into end mills, roughing end mills, slab mills, thread mills, hollow mills shell mills,, cement Mills,, taper Mills,. End Mills are further classified into two types- standard end milland corner radius end mill .On th ebasis o fapplication ,t he m arket is di vided int ooil an dgas .Oil an dgas are fur ther segmen ted int ot wo ty pes- upstream an ddow nstream .
Product Definition:
Oil and gas milling equipment is used to process oil and gas reserves into marketable products. The equipment is important because it allows companies to extract valuable resources from the ground and turn them into products that can be sold commercially.
End Mill:
End mill is a cutting tool that is used to finish the surface of work piece by grinding or cutting off small pieces. It consists of two metal surfaces, one fixed and other rotating in a cylindrical hole. The end mills are available in different shapes and sizes which helps to obtain an optimum cut-off with high accuracy. End mills can be categorized into two types based on their applications such as high speed steel (HSS) and non-high speed steel (NHS).
Roughing End Mill:
Roughing end mill is a tool that is used to cut the material in an uncontrolled manner. It consists of two or more cutting edges rotating at high speed around a central point. The main function of roughing end mills is to enlarge the chip load and reduce cycle time by making multiple cuts at the same time rather than single cut followed by cool down period as in case of finishing mills.
Application Insights:
The global oil and gas milling equipment market is segmented by application into onshore and offshore. The onshore segment held the largest share in 2017, as it is used for drilling, completion, hydraulic fracturing operations. It also has a significant impact on the overall production process of oil and gas.
Offshore includes all activities related to drilling ships or platforms for discovering new sources of hydrocarbons from the seabed to the surface including exploration vessels that drill wells below water level or deepwater locations where conventional platforms cannot be deployed due to technical limitations such as depth or pressure.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas E&P companies. The region is expected to maintain its dominance over the forecast period due to increasing exploration activities coupled with technological advancements in drilling techniques.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid development of unconventional energy resources, particularly shale gas reserves, across China and India. In addition, growing demand for oil from developing economies such as China and India has led major regional players including Total SA; Shell Oil Company; ExxonMobil Corporation; ConocoPhillips Co.; Royal Dutch Shell Plc.; BP plc among others have been investing heavily in this region by setting up their production facilities or acquiring existing mills thereby driving industry growth.
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in oil and gas exploration and production
- Technological advancements in milling equipment
- Growing demand for electric vehicles
- Increasing focus on environment-friendly technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Milling Equipment Market Research Report
By Type
End Mill, Roughing End Mill, Slab Mill, Thread Mill, Hollow Mill, Shell Mill, Cement Mills, Taper Mills
By Application
Oil, Gas
By Companies
ISCAR Ltd., Schlumberger Limited, SECO Tools India (P) Ltd., BIG KAISER Precision Tooling Inc., Sandvik Coromant
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Milling Equipment Market Report Segments:
The global Oil and Gas Milling Equipment market is segmented on the basis of:
Types
End Mill, Roughing End Mill, Slab Mill, Thread Mill, Hollow Mill, Shell Mill, Cement Mills, Taper Mills
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, Gas
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:
- ISCAR Ltd.
- Schlumberger Limited
- SECO Tools India (P) Ltd.
- BIG KAISER Precision Tooling Inc.
- Sandvik Coromant
Highlights of The Oil and Gas Milling Equipment 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:
- End Mill
- Roughing End Mill
- Slab Mill
- Thread Mill
- Hollow Mill
- Shell Mill
- Cement Mills
- Taper Mills
- By Application:
- Oil
- Gas
- 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 Oil and Gas Milling Equipment 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
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?
Oil and gas milling equipment is used to break up rock formations in order to extract oil and natural gas. The equipment can be either stationary or mobile, depending on the specific needs of the project.
Some of the major players in the oil and gas milling equipment market are ISCAR Ltd., Schlumberger Limited, SECO Tools India (P) Ltd., BIG KAISER Precision Tooling Inc., Sandvik Coromant.
The oil and gas milling equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size & Forecast, 2018-2028
4.5.1 Oil and Gas Milling Equipment Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Milling Equipment Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Type
5.2.1 End Mill
5.2.2 Roughing End Mill
5.2.3 Slab Mill
5.2.4 Thread Mill
5.2.5 Hollow Mill
5.2.6 Shell Mill
5.2.7 Cement Mills
5.2.8 Taper Mills
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Applications
6.2.1 Oil
6.2.2 Gas
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Type
9.6.1 End Mill
9.6.2 Roughing End Mill
9.6.3 Slab Mill
9.6.4 Thread Mill
9.6.5 Hollow Mill
9.6.6 Shell Mill
9.6.7 Cement Mills
9.6.8 Taper Mills
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 Oil and Gas Milling Equipment Market Size Forecast by Applications
9.10.1 Oil
9.10.2 Gas
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 Oil and Gas Milling Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Type
10.6.1 End Mill
10.6.2 Roughing End Mill
10.6.3 Slab Mill
10.6.4 Thread Mill
10.6.5 Hollow Mill
10.6.6 Shell Mill
10.6.7 Cement Mills
10.6.8 Taper Mills
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 Oil and Gas Milling Equipment Market Size Forecast by Applications
10.10.1 Oil
10.10.2 Gas
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 Oil and Gas Milling Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Type
11.6.1 End Mill
11.6.2 Roughing End Mill
11.6.3 Slab Mill
11.6.4 Thread Mill
11.6.5 Hollow Mill
11.6.6 Shell Mill
11.6.7 Cement Mills
11.6.8 Taper Mills
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 Oil and Gas Milling Equipment Market Size Forecast by Applications
11.10.1 Oil
11.10.2 Gas
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 Oil and Gas Milling Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Milling Equipment 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 Oil and Gas Milling Equipment Market Size Forecast by Type
12.6.1 End Mill
12.6.2 Roughing End Mill
12.6.3 Slab Mill
12.6.4 Thread Mill
12.6.5 Hollow Mill
12.6.6 Shell Mill
12.6.7 Cement Mills
12.6.8 Taper Mills
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 Oil and Gas Milling Equipment Market Size Forecast by Applications
12.10.1 Oil
12.10.2 Gas
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) Oil and Gas Milling Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Milling Equipment 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) Oil and Gas Milling Equipment Market Size Forecast by Type
13.6.1 End Mill
13.6.2 Roughing End Mill
13.6.3 Slab Mill
13.6.4 Thread Mill
13.6.5 Hollow Mill
13.6.6 Shell Mill
13.6.7 Cement Mills
13.6.8 Taper Mills
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) Oil and Gas Milling Equipment Market Size Forecast by Applications
13.10.1 Oil
13.10.2 Gas
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 Oil and Gas Milling Equipment Market: Competitive Dashboard
14.2 Global Oil and Gas Milling Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ISCAR Ltd.
14.3.2 Schlumberger Limited
14.3.3 SECO Tools India (P) Ltd.
14.3.4 BIG KAISER Precision Tooling Inc.
14.3.5 Sandvik Coromant
