Market Overview:
The global oilfield traveling block market is estimated to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. In addition, the increasing investments in exploration and production activities are also expected to drive the growth of this market during the forecast period. The global oilfield traveling block market is segmented on the basis of type, application, and region. On the basis of type, it is divided into straight block traveling blocks and split type traveling blocks. The straight block travelling blocks segment is expected to hold a larger share of this market duringthe forecast period owingto its high reliabilityand durability as comparedto split type travellingblocks .Regionally, North America dominates thismarket with a majority share followed by Europe and Asia Pacific respectively .
Product Definition:
An oilfield traveling block is a large, heavy piece of equipment that is used to move drill pipe and other drilling tools in an oilfield. It consists of a large metal frame with several rollers or wheels on it. The drill pipe or other tools are placed on the block and then the block is rolled to the desired location.
Straight Block Traveling Block:
Straight block traveling block is a device used in the oil & gas industry for drilling purposes. It is an equipment that consists of a drill string, which is connected to the rig and then it can move forward or backward depending on requirements. The main function of this equipment includes to provide high speed and accuracy while drilling downhole tools such as auger bit, cable tool or spear point bit.
Split Type Traveling Block:
A traveling block is a device used to control the flow of fluids in drilling and production (D&P) operations. It works by moving a valve between two sections of pipe, which allows fluid to pass from one section to another. The main function of the traveling block is to isolate different sections of pipe while isolating faults or problems in any particular section.
Application Insights:
Onshore was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for hydrocarbons from major economies such as U.S., China, India, Brazil etc. Growing onshore production in Saudi Arabia, Russia, UAE, Mexico etc is also a key factor driving the global oilfield traveling block market onshore segment.
The growing importance of onshore projects along with low-risk preference among institutional investors has driven the growth of this segment significantly over recent years.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The U.S., being a major oil producer, has witnessed significant developments in drilling techniques and field development activities to meet the growing demand from downstream industries as well as refineries across the globe. Thus, North America is expected to maintain its dominance throughout the forecast period owing to continuous technological advancements and high investments by industry players coupled with government support for research & development activities related to drilling technologies are anticipated to boost market growth over next eight years.
Asia Pacific is estimated be one of fastest-growing regions during 2018 - 2030 due to increasing number of active wells along with rising exploration activities in countries such as China, India, Malaysia.
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Proliferation of new drilling technologies and exploration methods
- Growing number of field operations due to increasing production capacities
- Emergence of shale gas reserves as a viable energy source
Scope Of The Report
Report Attributes
Report Details
Report Title
Oilfield Traveling Block Market Research Report
By Type
Straight Block Traveling Block, Split Type Traveling Block
By Application
Onshore, Offshore
By Companies
American Block, Bentec GmbH Drilling & Oilfield Systems, National Oilwell Varco, The Crosby Group, Schlumberger, Jereh Group, Chengdu Zhonghang Machinery, Lee C. Moore, Sovonex, Sunda Corporation
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Oilfield Traveling Block Market Report Segments:
The global Oilfield Traveling Block market is segmented on the basis of:
Types
Straight Block Traveling Block, Split Type Traveling Block
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
Onshore, Offshore
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:
- American Block
- Bentec GmbH Drilling & Oilfield Systems
- National Oilwell Varco
- The Crosby Group
- Schlumberger
- Jereh Group
- Chengdu Zhonghang Machinery
- Lee C. Moore
- Sovonex
- Sunda Corporation
Highlights of The Oilfield Traveling Block 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:
- Straight Block Traveling Block
- Split Type Traveling Block
- By Application:
- Onshore
- Offshore
- 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 Oilfield Traveling Block 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?
Oilfield traveling block is a term used in the oil and gas industry to describe an area of land or water that has been leased by an oil and gas company for exploration and production.
Some of the major players in the oilfield traveling block market are American Block, Bentec GmbH Drilling & Oilfield Systems, National Oilwell Varco, The Crosby Group, Schlumberger, Jereh Group, Chengdu Zhonghang Machinery, Lee C. Moore, Sovonex, Sunda Corporation.
The oilfield traveling block 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. Oilfield Traveling Block 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. Oilfield Traveling Block Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oilfield Traveling Block Market - Supply Chain
4.5. Global Oilfield Traveling Block Market Forecast
4.5.1. Oilfield Traveling Block Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oilfield Traveling Block Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oilfield Traveling Block Market Absolute $ Opportunity
5. Global Oilfield Traveling Block 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. Oilfield Traveling Block Market Size and Volume Forecast by Type
5.3.1. Straight Block Traveling Block
5.3.2. Split Type Traveling Block
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oilfield Traveling Block 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. Oilfield Traveling Block Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oilfield Traveling Block 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. Oilfield Traveling Block 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 Oilfield Traveling Block 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. Oilfield Traveling Block 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 Oilfield Traveling Block Demand Share Forecast, 2019-2026
9. North America Oilfield Traveling Block 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 Oilfield Traveling Block 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 Oilfield Traveling Block Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oilfield Traveling Block Market Size and Volume Forecast by Type
9.7.1. Straight Block Traveling Block
9.7.2. Split Type Traveling Block
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 Oilfield Traveling Block Demand Share Forecast, 2019-2026
10. Latin America Oilfield Traveling Block 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 Oilfield Traveling Block 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 Oilfield Traveling Block Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oilfield Traveling Block Market Size and Volume Forecast by Type
10.7.1. Straight Block Traveling Block
10.7.2. Split Type Traveling Block
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 Oilfield Traveling Block Demand Share Forecast, 2019-2026
11. Europe Oilfield Traveling Block 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 Oilfield Traveling Block 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 Oilfield Traveling Block Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oilfield Traveling Block Market Size and Volume Forecast by Type
11.7.1. Straight Block Traveling Block
11.7.2. Split Type Traveling Block
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maret 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 Oilfield Traveling Block Demand Share, 2019-2026
12. Asia Pacific Oilfield Traveling Block 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 Oilfield Traveling Block 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 Oilfield Traveling Block Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oilfield Traveling Block Market Size and Volume Forecast by Type
12.7.1. Straight Block Traveling Block
12.7.2. Split Type Traveling Block
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 Oilfield Traveling Block Demand Share, 2019-2026
13. Middle East & Africa Oilfield Traveling Block 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 Oilfield Traveling Block 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 Oilfield Traveling Block Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oilfield Traveling Block Market Size and Volume Forecast by Type
13.7.1. Straight Block Traveling Block
13.7.2. Split Type Traveling Block
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 Oilfield Traveling Block Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oilfield Traveling Block Market: Market Share Analysis
14.2. Oilfield Traveling Block Distributors and Customers
14.3. Oilfield Traveling Block Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. American Block
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bentec GmbH Drilling & Oilfield Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Oilwell Varco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Crosby Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schlumberger
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jereh Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chengdu Zhonghang Machinery
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lee C. Moore
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sovonex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sunda Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
