Onshore Drilling Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Onshore drilling comprises the process of utilizing the application of specially designed equipment and machinery capable of extracting oil and other natural gas resources though drilling the earth's land surface. The manufacturers operating in the onshore drilling market provide the much needed expertise, robust and efficient equipment that aid in such process. The rise in demand for energy sourced owing to significant rise in economic activities has provided a notable surge in demand for the onshore drilling equipment and subsequently the onshore drilling market.

MARKET DYNAMICS

The commercialization of onshore oil reserves and boosting the production capabilities of existing onshore facilities continues to remain the factor propelling the growth of the market. Furthermore, the maintenance and modernizing of existing onshore facilities is also projected to provide a steady business growth opportunities for the market players during the coming years.

MARKET SCOPE

The "Global Onshore Drilling Market Analysis to 2031" is a specialized and in-depth study of the onshore drilling industry with a special focus on the global market trend analysis. The report aims to provide an overview of onshore drilling market with detailed market segmentation by offering, component, power capacity and geography. The global onshore drilling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading onshore drilling market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global onshore drilling market is segmented on the basis of offering, component, and power capacity. Based on offering, the onshore drilling market is segmented equipment and service. On the basis of component, the market is segmented as hoisting system, rotary system, power generation, drilling equipment & tools, and others. Whereas, based on power capacity, the market is broadly classified into up to 1000 hp, 1001 to 1500 hp, 1501 to 2500 hp and beyond 2500 hp.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global onshore drilling market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The onshore drilling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting onshore drilling market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the onshore drilling market for each region.

Onshore Drilling Market Report Analysis

Onshore Drilling Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Aker Solutions
• Baker Hughes, A GE Company
• Drilling Tools International, Inc.
• Halliburton Company
• Nabors Industries Ltd.
• National Oilwell Varco
• Patterson-UTI Energy Inc.
• Precision Drilling Corporation
• Schlumberger Limited

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Offering

• Equipment
• Services

By Component

• Hoisting System
• Rotary System
• Power Generation
• Drilling Equipment and Tools

By Power Capacity

• Up to 1000 HP
• 1001 to 1500 HP
• 1501 to 2500 HP
• Beyond 2500 HP

MARKET PLAYERS

The reports cover key developments in the onshore drilling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from onshore drilling market are anticipated to lucrative growth opportunities in the future with the rising demand for onshore drilling in the global market. Below mentioned is the list of few companies engaged in the onshore drilling market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•   Aker Solutions
  
•   Baker Hughes, A GE Company
  
•   Drilling Tools International, Inc.
  
•   Halliburton Company
  
•   Nabors Industries Ltd.
  
•   National Oilwell Varco
  
•   Patterson-UTI Energy Inc.
  
•   Precision Drilling Corporation
  
•   Schlumberger Limited
  
•   Weatherford International
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Onshore Drilling Market Report Scope