Market Overview:
The global well drilling and repairing machinery 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, rising investments in oil and gas exploration, and technological advancements in drilling and repairing machinery. Based on type, the global well drilling and repairing machinery market can be segmented into drilling machinery and repairing machinery. Drilling Machinery is further sub-segmented into rotary drill rigs, percussion drill rigs, hydraulic fracturing equipment etc., while Repairing Machinery is further sub-segmented into pumps & compressors, valves & fittings etc. Based on application, the global well drilling and repairing machinery market can be segmented into residential sector and commercial sector. In terms of region, the global well drilling machine repair marke tcan be divided intonorth America , Latin America , Europe Asia Pacificand Middle East&Africa .
Product Definition:
The term "well drilling and repairing machinery" refers to the machines and equipment used to drill wells for water or other purposes, as well as to repair and maintain existing wells. The importance of well drilling and repairing machinery lies in its ability to provide a reliable source of water for drinking, irrigation, or industrial use.
Drilling Machinery:
Drilling machinery is used in the oil & gas industry for various operations such as exploration, extraction, and transportation of hydrocarbons from the source to the well head. The drilling process involves four basic steps namely; insertion of bit into wellbore, running string with drill rod attached to it through step hole created in previous step and lastly removing cuttings from wellbore.
Repairing Machinery:
The repairing machinery is used to repair the damaged parts of drilling machines and it's used in various applications such as well-stimulation, well-completion, workover & intervention. The repairing machinery includes tools like reamers, cutters, breakers and others. These are used for removing material from the drill hole walls to reduce friction & wear during operations like cementing or perforating.
Application Insights:
The residential segment accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing number of households, especially in emerging economies such as India and China. In addition, growing concerns regarding water-borne diseases among children have led to increased demand for well drilling and repairing machinery in the residential sector across countries such as India, China and Indonesia.
Commercial segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to rising investments by oil & gas companies for discovering new reserves or enhancing production capacities at existing wells across various regions including Asia Pacific, Middle East & Africa and North America.
Regional Analysis:
North America dominated the global well drilling and repairing machinery market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing number of oil & gas wells, which require repair and maintenance activities on a regular basis. In addition, growing need for efficient construction activities owing to increasing population is anticipated to drive demand for commercial buildings, thereby driving industry growth over the forecast period.
Asia Pacific market was valued at USD X million in 2017 and is expected to witness significant growth over the projected period owing to rising investments from foreign players along with government support for exploration & production (E&P) of hydrocarbon resources in countries such as China, India, Australia etc., thus boosting overall well drilling activity across this region.
Growth Factors:
- Increasing demand for water due to population growth and industrialization
- Growing investments in infrastructure development
- Rising awareness about the benefits of well drilling and repairing machinery
- Technological advancements in the field of well drilling and repairing machinery
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Well Drilling and Repairing Machinery Market Research Report
By Type
Drilling Machinery, Repairing Machinery
By Application
Residential, Commercial
By Companies
Gordon and Sons, Casey well drilling, Buer, Layne, Weninger Drilling, Llc, Tampa Well Drilling, Barco Well Service, Johnson Water Well Drilling, Nelson Drilling Company, Jackson Water Well, Gordon and Sons, Mikes Drilling & Pump Service, Loman Drilling Inc, Jim Jeffers Well Drilling, Caster Drilling Enterprises, Bennett Water Well Drilling
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Well Drilling and Repairing Machinery Market Report Segments:
The global Well Drilling and Repairing Machinery market is segmented on the basis of:
Types
Drilling Machinery, Repairing Machinery
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
Residential, Commercial
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:
- Gordon and Sons
- Casey well drilling
- Buer
- Layne
- Weninger Drilling, Llc
- Tampa Well Drilling
- Barco Well Service
- Johnson Water Well Drilling
- Nelson Drilling Company
- Jackson Water Well
- Gordon and Sons
- Mikes Drilling & Pump Service
- Loman Drilling Inc
- Jim Jeffers Well Drilling
- Caster Drilling Enterprises
- Bennett Water Well Drilling
Highlights of The Well Drilling and Repairing Machinery 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:
- Drilling Machinery
- Repairing Machinery
- By Application:
- Residential
- Commercial
- 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 Well Drilling and Repairing Machinery 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?
Well drilling and repairing machinery is a specialized type of equipment used to drill wells, install casing and cementing materials, make repairs to the wellbore, and perform other related tasks.
Some of the key players operating in the well drilling and repairing machinery market are Gordon and Sons, Casey well drilling, Buer, Layne, Weninger Drilling, Llc, Tampa Well Drilling, Barco Well Service, Johnson Water Well Drilling, Nelson Drilling Company, Jackson Water Well, Gordon and Sons, Mikes Drilling & Pump Service, Loman Drilling Inc, Jim Jeffers Well Drilling, Caster Drilling Enterprises, Bennett Water Well Drilling.
The well drilling and repairing machinery 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 Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size & Forecast, 2018-2028
4.5.1 Well Drilling and Repairing Machinery Market Size and Y-o-Y Growth
4.5.2 Well Drilling and Repairing Machinery Market Absolute $ Opportunity
Chapter 5 Global Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Type
5.2.1 Drilling Machinery
5.2.2 Repairing Machinery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Analysis and Forecast
9.1 Introduction
9.2 North America Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Type
9.6.1 Drilling Machinery
9.6.2 Repairing Machinery
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 Well Drilling and Repairing Machinery Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Well Drilling and Repairing Machinery Analysis and Forecast
10.1 Introduction
10.2 Europe Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Type
10.6.1 Drilling Machinery
10.6.2 Repairing Machinery
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 Well Drilling and Repairing Machinery Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Well Drilling and Repairing Machinery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Type
11.6.1 Drilling Machinery
11.6.2 Repairing Machinery
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 Well Drilling and Repairing Machinery Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Well Drilling and Repairing Machinery Analysis and Forecast
12.1 Introduction
12.2 Latin America Well Drilling and Repairing Machinery 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 Well Drilling and Repairing Machinery Market Size Forecast by Type
12.6.1 Drilling Machinery
12.6.2 Repairing Machinery
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 Well Drilling and Repairing Machinery Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Well Drilling and Repairing Machinery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Well Drilling and Repairing Machinery 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) Well Drilling and Repairing Machinery Market Size Forecast by Type
13.6.1 Drilling Machinery
13.6.2 Repairing Machinery
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) Well Drilling and Repairing Machinery Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Well Drilling and Repairing Machinery Market: Competitive Dashboard
14.2 Global Well Drilling and Repairing Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gordon and Sons
14.3.2 Casey well drilling
14.3.3 Buer
14.3.4 Layne
14.3.5 Weninger Drilling, Llc
14.3.6 Tampa Well Drilling
14.3.7 Barco Well Service
14.3.8 Johnson Water Well Drilling
14.3.9 Nelson Drilling Company
14.3.10 Jackson Water Well
14.3.11 Gordon and Sons
14.3.12 Mikes Drilling & Pump Service
14.3.13 Loman Drilling Inc
14.3.14 Jim Jeffers Well Drilling
14.3.15 Caster Drilling Enterprises
14.3.16 Bennett Water Well Drilling
