Market Overview:
The global horizontal directional drilling 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, rising investments in telecommunication, and water-related infrastructure projects. Additionally, the growing demand for electric transmission projects is also contributing to the growth of this market. The global horizontal directional drilling market can be segmented on the basis of type into small HDD, medium HDD, and large HDD. On the basis of application, this market can be segmented into oil and gas, telecommunication, water-related infrastructure projects (sewage systems & treatment plants), electric transmission lines & substations installation/upgradation works), and others (mining & tunneling). Geographically speaking, this market can be divided into five regions: North America (the U.S., Canada), Latin America (Mexico & Brazil), Europe (Germany France Italy Spain UK Rest Of Europe ), Asia Pacific excluding Japan) APEJ) China India Australia South Korea Rest Of APEJ ), Japan ,and Middle East Africa MEA)).
Product Definition:
Horizontal directional drilling is a trenchless method of installing underground pipelines and cables. It involves drilling a hole at a slight angle from the surface, then steering the drill bit horizontally towards the target destination. This allows pipes to be installed without having to excavate a large trench, which can be expensive and disruptive. Horizontal directional drilling is often used for installing oil and gas pipelines, telecommunications cables, and water mains.
Small HDD:
Small/thin-drive drilling rigs are used to drill wells in areas with limited space. These rigs can be utilized for various applications including land development, mineral exploration, and construction among others. The global small/thin-drive drilling rig market is expected to witness significant growth over the forecast period owing to its ability of working in confined spaces coupled with cost efficiency as compared to its counterparts.
Medium HDD:
The global medium HDD (Mass Storage Device) and it's usage in Horizontal Directional Drilling market is expected to grow at a significant pace over the forecast period. The growth of this industry can be attributed to factors such as growing demand for on-site storage, increasing use of digital media, and rising number of internet users.
Application Insights:
The oil and gas application segment led the global horizontal directional drilling market in 2017. The segment is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the growing demand for energy and petroleum products across the globe, particularly in Asia Pacific and Middle East & Africa regions. In addition, increasing number of projects for developing new oil fields is expected to drive demand over the forecast period.
Telecommunication was one of the prominent applications that accounted for a significant share in 2017 owing to extensive use of HDDs by telecom companies worldwide for purposes such as installing underground fiber optic cables or running copper wires on utility poles. Furthermore, increasing use of HDDs by telecom companies globally due to advancements in technology is expected fuel market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global HDD market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of unexplored reserves of oil and gas that can be drilled using this technology, thus attracting many drilling companies to set up their business in this region. Furthermore, China is one of the leading countries for oilfield development activities owing to availability of huge hydrocarbon reserves across various provinces including Hebei, Shanxi, Henan, Shandong among others.
North America accounted for over 20% share in 2016 and is expected to grow at a significant CAGR from 2017 to 2030 due high investment by government organizations like E&P Canada Limited (NDP) which holds majority interest in Diamond Drilling Inc., Anadarko Petroleum Corporation (APC), ConocoPhillips Company (COP) among other smaller players operating across U.S.
Growth Factors:
- Increasing demand for Horizontal Directional Drilling from the oil and gas industry for drilling in difficult terrains is expected to drive the market growth.
- Rising number of shale gas reserves across the globe is anticipated to boost the demand for Horizontal Directional Drilling over the forecast period.
- Growing investments in exploration and production activities are projected to propel market growth during the forecast period.
- Technological advancements in Horizontal Directional Drilling equipment are expected to provide new opportunities for market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Horizontal Directional Drilling Market Research Report
By Type
Small HDD, Medium HDD, Large HDD
By Application
Oil and Gas, Telecommunication, Water Related, Electric Transmission, Others
By Companies
Vermeer, Ditch Witch, Herrenknecht AG, Toro, XCMG, Goodeng Machine, Dilong, Drillto, DW/TXS, Prime Drilling, Huayuan, TRACTO-TECHNIK, Zoomlion, Lianyungang Huanghai, Terra, CHTC JOVE
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Horizontal Directional Drilling Market Report Segments:
The global Horizontal Directional Drilling market is segmented on the basis of:
Types
Small HDD, Medium HDD, Large HDD
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, Telecommunication, Water Related, Electric Transmission, Others
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:
- Vermeer
- Ditch Witch
- Herrenknecht AG
- Toro
- XCMG
- Goodeng Machine
- Dilong
- Drillto
- DW/TXS
- Prime Drilling
- Huayuan
- TRACTO-TECHNIK
- Zoomlion
- Lianyungang Huanghai
- Terra
- CHTC JOVE
Highlights of The Horizontal Directional Drilling 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:
- Small HDD
- Medium HDD
- Large HDD
- By Application:
- Oil and Gas
- Telecommunication
- Water Related
- Electric Transmission
- Others
- 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 Horizontal Directional Drilling 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.
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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?
Horizontal directional drilling (HDD) is a well-drilling technique that uses a drill bit that rotates horizontally. This allows the drill bit to travel much further down into the earth than traditional vertical drilling techniques.
Some of the major players in the horizontal directional drilling market are Vermeer, Ditch Witch, Herrenknecht AG, Toro, XCMG, Goodeng Machine, Dilong, Drillto, DW/TXS, Prime Drilling, Huayuan, TRACTO-TECHNIK, Zoomlion, Lianyungang Huanghai, Terra, CHTC JOVE.
The horizontal directional drilling market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Horizontal Directional Drilling Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Horizontal Directional Drilling Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Horizontal Directional Drilling Market - Supply Chain
4.5. Global Horizontal Directional Drilling Market Forecast
4.5.1. Horizontal Directional Drilling Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Horizontal Directional Drilling Market Size (000 Units) and Y-o-Y Growth
4.5.3. Horizontal Directional Drilling Market Absolute $ Opportunity
5. Global Horizontal Directional Drilling Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Horizontal Directional Drilling Market Size and Volume Forecast by Type
5.3.1. Small HDD
5.3.2. Medium HDD
5.3.3. Large HDD
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Horizontal Directional Drilling Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Horizontal Directional Drilling Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Telecommunication
6.3.3. Water Related
6.3.4. Electric Transmission
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Horizontal Directional Drilling Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Horizontal Directional Drilling Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Horizontal Directional Drilling Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Horizontal Directional Drilling Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Horizontal Directional Drilling Demand Share Forecast, 2019-2026
9. North America Horizontal Directional Drilling Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Horizontal Directional Drilling Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Horizontal Directional Drilling Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Telecommunication
9.4.3. Water Related
9.4.4. Electric Transmission
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Horizontal Directional Drilling Market Size and Volume Forecast by Type
9.7.1. Small HDD
9.7.2. Medium HDD
9.7.3. Large HDD
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Horizontal Directional Drilling Demand Share Forecast, 2019-2026
10. Latin America Horizontal Directional Drilling Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Horizontal Directional Drilling Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Horizontal Directional Drilling Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Telecommunication
10.4.3. Water Related
10.4.4. Electric Transmission
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Horizontal Directional Drilling Market Size and Volume Forecast by Type
10.7.1. Small HDD
10.7.2. Medium HDD
10.7.3. Large HDD
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Horizontal Directional Drilling Demand Share Forecast, 2019-2026
11. Europe Horizontal Directional Drilling Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Horizontal Directional Drilling Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Horizontal Directional Drilling Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Telecommunication
11.4.3. Water Related
11.4.4. Electric Transmission
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Horizontal Directional Drilling Market Size and Volume Forecast by Type
11.7.1. Small HDD
11.7.2. Medium HDD
11.7.3. Large HDD
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Horizontal Directional Drilling Demand Share, 2019-2026
12. Asia Pacific Horizontal Directional Drilling Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Horizontal Directional Drilling Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Horizontal Directional Drilling Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Telecommunication
12.4.3. Water Related
12.4.4. Electric Transmission
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Horizontal Directional Drilling Market Size and Volume Forecast by Type
12.7.1. Small HDD
12.7.2. Medium HDD
12.7.3. Large HDD
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Horizontal Directional Drilling Demand Share, 2019-2026
13. Middle East & Africa Horizontal Directional Drilling Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Horizontal Directional Drilling Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Horizontal Directional Drilling Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Telecommunication
13.4.3. Water Related
13.4.4. Electric Transmission
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Horizontal Directional Drilling Market Size and Volume Forecast by Type
13.7.1. Small HDD
13.7.2. Medium HDD
13.7.3. Large HDD
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Horizontal Directional Drilling Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Horizontal Directional Drilling Market: Market Share Analysis
14.2. Horizontal Directional Drilling Distributors and Customers
14.3. Horizontal Directional Drilling Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Vermeer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ditch Witch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Herrenknecht AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toro
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XCMG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Goodeng Machine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dilong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Drillto
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DW/TXS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Prime Drilling
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Huayuan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TRACTO-TECHNIK
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zoomlion
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lianyungang Huanghai
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Terra
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CHTC JOVE
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
