Land drilling rigs are among the most essential tools in the exploration and drilling activities of the oil and gas industry. Land rigs are specially designed for drilling holes on onshore locations. Their size varies based on the oil reserves or reservoir conditions and the true vertical depth (TVD) of the oil to be drilled. Technavio’s analysts forecast the Global land drilling rigs market to grow at a CAGR of 3.57% during the period 2017-2022.
Covered in this report The report covers the present scenario and the growth prospects of the global land drilling rigs market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of land drilling rigs segmented into conventional rigs and mobile rigs. Based on geography, the market is segmented into the Americas, EMEA, and APAC.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Land Drilling Rigs Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver • Rising global oil and gas consumption • For a full, detailed list, view our report
Market challenge • Uncertainties associated with low crude oil prices • For a full, detailed list, view our report
Market trend • New-generation automated drilling rigs • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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