Market Overview:
The global truck-mounted drilling rig 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 energy and environmental investigation services across the globe. Additionally, the growing demand for oil and gas exploration and production activities is also contributing to the growth of this market. The global truck-mounted drilling rig market can be segmented on the basis of type into hydraulic pressure, pneumatic, and power-driven rigs. The hydraulic pressure rigs segment is expected to dominate this market during the forecast period owing to their high efficiency and productivity levels as compared to other types of rigs available in this market. On the basis of application,the global truck-mounted drilling rigmarket can be divided into energy, environmental investigation,and other applications such as water well drillingand mineral exploration& mining .
Product Definition:
A truck-mounted drilling rig is a large, powerful piece of equipment that is used to drill holes in the ground. It is mounted on the back of a truck and can be moved easily from one location to another. This type of rig is often used for drilling wells or for installing pipelines.
Hydraulic Pressure:
Hydraulic pressure is the internal pressure of a hydraulic system. It is used in various applications such as mining, construction equipment, material handling and off-road vehicles among others. The factors that propel the growth of this market include increasing demand for oil & gas exploration activities coupled with rising investments in shale gas exploration projects. Hydraulic systems are extensively used in drilling rigs to enable forward and reverse movement using cylinders or drums filled with fluid (lubricants).
Pneumatic:
Pneumatic is the combination of compressed air and hydraulic systems. Pneumatic components are used in drilling rigs to provide high-pressure fluid delivery for the cutting head, which is mounted on a drill string. The pneumatic components work as an automated system that controls and monitors the pressure delivered to cuttings by controlling valves, nozzles or gauges connected to drilling rig’s equipment such as auger bit or spade bit.
Application Insights:
The demand for the trucks-mounted drilling rigs has witnessed a paradigm shift due to rising shale gas and oil exploration activities across various regions. The environmental investigation segment accounted for over 20% of the revenue share in 2017 and is expected to witness significant growth over the forecast period.
The energy segment was valued at USD 1,227.1 million in 2017 owing to an increase in onshore and offshore wind energy projects across various countries including Brazil, China, Denmark, Germany, Portugal and Spain among others. Furthermore, increasing investments by companies such as Siemens Gamesa Corp., Vestas Wind Systems A/S., General Electric Company (GE) among others are expected to drive the demand further over the forecast period.
Onshore wind energy is one of the most cost-effective sources of renewable electricity with an average capacity factor ranging between 25% - 40%.
Regional Analysis:
The Asia Pacific region dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for oil & gas, especially in China and India. In addition, rising government spending on infrastructure development activities is anticipated to drive the demand for drilling machines across this region.
North America accounted for a significant share of revenue in 2017 owing to high penetration rates of these drilling rigs across U.S., Canada, and Mexico regions due to growing need for environmental investigation as well as energy exploration activities across these countries. Moreover, presence of key players such as Caterpillar Tractor Company; Cummins Inc.; Deere & Company; General Motors Co.; Hyundai Heavy Industries Co., Ltd.; Komatsu Ltd.; Kubota Corporation; Mahindra & Mahindra Limited; Mitsubishi Electric Corporation Europe also contributes toward regional growth significantly.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investments in drilling and exploration activities by oil and gas companies
- Technological advancements in truck-mounted drilling rigs that improve efficiency and performance
- Growing popularity of unconventional sources of energy such as shale gas, which require more sophisticated drilling rigs
- Increased use of truck-mounted drilling rigs in offshore applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck-mounted Drilling Rig Market Research Report
By Type
Hydraulic Pressure, Pneumatic, Power-Driven
By Application
Energy, Environmental Investigation, Other
By Companies
Drill Techniques, Kejr, Inc., Rigmanufacturer, Drillmax, Drillmec
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Truck-mounted Drilling Rig Market Report Segments:
The global Truck-mounted Drilling Rig market is segmented on the basis of:
Types
Hydraulic Pressure, Pneumatic, Power-Driven
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
Energy, Environmental Investigation, 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:
- Drill Techniques
- Kejr, Inc.
- Rigmanufacturer
- Drillmax
- Drillmec
Highlights of The Truck-mounted 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:
- Hydraulic Pressure
- Pneumatic
- Power-Driven
- By Application:
- Energy
- Environmental Investigation
- 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 Truck-mounted 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
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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 truck-mounted drilling rig is a large, heavy vehicle that is used to drill holes in the ground. The truck typically has a rotating drill bit at the bottom of its barrel, which it uses to create holes in the ground.
Some of the key players operating in the truck-mounted drilling rig market are Drill Techniques, Kejr, Inc., Rigmanufacturer, Drillmax, Drillmec.
The truck-mounted drilling rig 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 Truck-mounted 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 Truck-mounted Drilling Rig Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck-mounted 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 Truck-mounted 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 Truck-mounted Drilling Rig Market Size & Forecast, 2020-2028
4.5.1 Truck-mounted Drilling Rig Market Size and Y-o-Y Growth
4.5.2 Truck-mounted Drilling Rig Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hydraulic Pressure
5.2.2 Pneumatic
5.2.3 Power-Driven
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Environmental Investigation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck-mounted 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 Truck-mounted 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hydraulic Pressure
9.6.2 Pneumatic
9.6.3 Power-Driven
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 Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Environmental Investigation
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hydraulic Pressure
10.6.2 Pneumatic
10.6.3 Power-Driven
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 Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Environmental Investigation
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hydraulic Pressure
11.6.2 Pneumatic
11.6.3 Power-Driven
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 Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Environmental Investigation
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hydraulic Pressure
12.6.2 Pneumatic
12.6.3 Power-Driven
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 Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Environmental Investigation
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hydraulic Pressure
13.6.2 Pneumatic
13.6.3 Power-Driven
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) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Environmental Investigation
13.10.3 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 Truck-mounted Drilling Rig Market: Competitive Dashboard
14.2 Global Truck-mounted Drilling Rig Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Drill Techniques
14.3.2 Kejr, Inc.
14.3.3 Rigmanufacturer
14.3.4 Drillmax
14.3.5 Drillmec
