The global rotary drilling rig market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for oil and gas exploration and production activities in various regions across the globe, such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The increasing number of drilling rigs in these regions has led to an increase in demand for rotary drilling rigs globally. The crawler type segment accounted for the largest share of the global rotary drilling rig market in 2017 owing to its high mobility and ability to drill on uneven surfaces with ease. This segment is expected to continue its dominance throughout the forecast period due to its high mobility which enables it to drill on uneven surfaces with ease.
- The Rotary Drilling Rig market is expected to grow at a CAGR of 3.5% from 2017 to 2022.
- The increasing demand for oil and gas exploration activities in the Middle East and North Africa region is expected to drive the growth of the Rotary Drilling Rig market.
- The increasing demand for natural gas in Asia Pacific is also expected to drive the growth of the Rotary Drilling Rig market.
- Increasing investments by major players in R&D activities are also driving the growth of this market.
- Increasing environmental concerns related to drilling activities are also driving this market.
Industry Growth Insights published a new data on “Rotary Drilling Rig Market”. The research report is titled “Rotary Drilling Rig Market research by Types (Crawler, Rubber-Tired, Not Applicable), By Applications (Agricultural Use, Industrial and Commercial Use, Others), By Players/Companies The Charles Machine Works, Vermeer Manufacturing, TESMEC, Inter-Drain sales, MARAIS SA, Mastenbroek, Simex, Auger Torque Europe, ATTEC, RIVARD, BOBCAT, TecnologÃa Dinamica en Implementos, Zhejiang Hero Time Machinery”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotary Drilling Rig Market Research Report
By Type
Crawler, Rubber-Tired, Not Applicable
By Application
Agricultural Use, Industrial and Commercial Use, Others
By Companies
The Charles Machine Works, Vermeer Manufacturing, TESMEC, Inter-Drain sales, MARAIS SA, Mastenbroek, Simex, Auger Torque Europe, ATTEC, RIVARD, BOBCAT, TecnologÃa Dinamica en Implementos, Zhejiang Hero Time Machinery
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Rotary Drilling Rig Market Report Segments:
The global Rotary Drilling Rig market is segmented on the basis of:
Types
Crawler, Rubber-Tired, Not Applicable
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
Agricultural Use, Industrial and Commercial Use, 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:
- The Charles Machine Works
- Vermeer Manufacturing
- TESMEC
- Inter-Drain sales
- MARAIS SA
- Mastenbroek
- Simex
- Auger Torque Europe
- ATTEC
- RIVARD
- BOBCAT
- TecnologÃa Dinamica en Implementos
- Zhejiang Hero Time Machinery
Highlights of The Rotary 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:
- Crawler
- Rubber-Tired
- Not Applicable
- By Application:
- Agricultural Use
- Industrial and Commercial Use
- 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 Rotary 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.
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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 rotary drilling rig is a machine that uses rotating drill bits to create holes in the ground.
Some of the key players operating in the rotary drilling rig market are The Charles Machine Works, Vermeer Manufacturing, TESMEC, Inter-Drain sales, MARAIS SA, Mastenbroek, Simex, Auger Torque Europe, ATTEC, RIVARD, BOBCAT, TecnologƒÂa Dinamica en Implementos, Zhejiang Hero Time Machinery.
The rotary drilling rig market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rotary Drilling Rig 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. Rotary Drilling Rig Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rotary Drilling Rig Market - Supply Chain
4.5. Global Rotary Drilling Rig Market Forecast
4.5.1. Rotary Drilling Rig Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rotary Drilling Rig Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rotary Drilling Rig Market Absolute $ Opportunity
5. Global Rotary Drilling Rig 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. Rotary Drilling Rig Market Size and Volume Forecast by Type
5.3.1. Crawler
5.3.2. Rubber-Tired
5.3.3. Not Applicable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rotary Drilling Rig 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. Rotary Drilling Rig Market Size and Volume Forecast by Application
6.3.1. Agricultural Use
6.3.2. Industrial and Commercial Use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rotary Drilling Rig 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. Rotary Drilling Rig 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 Rotary Drilling Rig 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. Rotary Drilling Rig 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 Rotary Drilling Rig Demand Share Forecast, 2019-2026
9. North America Rotary Drilling Rig 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 Rotary Drilling Rig 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 Rotary Drilling Rig Market Size and Volume Forecast by Application
9.4.1. Agricultural Use
9.4.2. Industrial and Commercial Use
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rotary Drilling Rig Market Size and Volume Forecast by Type
9.7.1. Crawler
9.7.2. Rubber-Tired
9.7.3. Not Applicable
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 Rotary Drilling Rig Demand Share Forecast, 2019-2026
10. Latin America Rotary Drilling Rig 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 Rotary Drilling Rig 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 Rotary Drilling Rig Market Size and Volume Forecast by Application
10.4.1. Agricultural Use
10.4.2. Industrial and Commercial Use
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rotary Drilling Rig Market Size and Volume Forecast by Type
10.7.1. Crawler
10.7.2. Rubber-Tired
10.7.3. Not Applicable
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 Rotary Drilling Rig Demand Share Forecast, 2019-2026
11. Europe Rotary Drilling Rig 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 Rotary Drilling Rig 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 Rotary Drilling Rig Market Size and Volume Forecast by Application
11.4.1. Agricultural Use
11.4.2. Industrial and Commercial Use
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rotary Drilling Rig Market Size and Volume Forecast by Type
11.7.1. Crawler
11.7.2. Rubber-Tired
11.7.3. Not Applicable
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 Rotary Drilling Rig Demand Share, 2019-2026
12. Asia Pacific Rotary Drilling Rig 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 Rotary Drilling Rig 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 Rotary Drilling Rig Market Size and Volume Forecast by Application
12.4.1. Agricultural Use
12.4.2. Industrial and Commercial Use
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rotary Drilling Rig Market Size and Volume Forecast by Type
12.7.1. Crawler
12.7.2. Rubber-Tired
12.7.3. Not Applicable
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 Rotary Drilling Rig Demand Share, 2019-2026
13. Middle East & Africa Rotary Drilling Rig 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 Rotary Drilling Rig 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 Rotary Drilling Rig Market Size and Volume Forecast by Application
13.4.1. Agricultural Use
13.4.2. Industrial and Commercial Use
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rotary Drilling Rig Market Size and Volume Forecast by Type
13.7.1. Crawler
13.7.2. Rubber-Tired
13.7.3. Not Applicable
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 Rotary Drilling Rig Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rotary Drilling Rig Market: Market Share Analysis
14.2. Rotary Drilling Rig Distributors and Customers
14.3. Rotary Drilling Rig Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. The Charles Machine Works
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vermeer Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TESMEC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Inter-Drain sales
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MARAIS SA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mastenbroek
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Simex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Auger Torque Europe
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ATTEC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RIVARD
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BOBCAT
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tecnología Dinamica en Implementos
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhejiang Hero Time Machinery
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