Horizontal Directional Drilling Market Size and CAGR by 2030
The horizontal directional drilling market was valued at US$ 2,802.69 million in 2022 and is anticipated to reach US$ 6,420.45 million by 2030; the market is expected to register a CAGR of 10.9% during 2022–2030. The upsurging offshore drilling activities for crude oil and gas exploration are boosting the demand for horizontal directional drilling equipment.
Horizontal Directional Drilling Market Analysis
Surge in energy demand due to the growing global population. For instance, India is the third largest energy-consuming country worldwide, owing to improved living standards; after China and the US, India's energy consumption has doubled since 2000. As per The US Energy Information Administration (EIA), US energy consumption is anticipated to grow through 2050 owing to economic and population growth. Natural gas has the potential application in electricity generation, which boosts its demand in various industries. In addition, the increase in offshore oil & gas exploration activities bolsters the expansion of gas pipeline infrastructure, which is propelling the application of horizontal directional drilling equipment. Thus, the rising infrastructure development in the sewer & water and oil & gas sectors drives the horizontal directional drilling market
Horizontal Directional Drilling Market Overview
Installing sewage pipelines, development of broadband services in rural areas, and installing electricity transmission lines involve drilling activities, which need horizontal directional drilling equipment. Adequate water supply, proper sanitation, including waste management, assured electricity supply, and efficient urban mobility are a few of the necessities of the smart city. Developing new infrastructures such as universities, schools, housing, and IT data centers requires a high level of drilling activities for the installation of underground pipelines and cables, which is anticipated to boost the application of horizontal directional drilling equipment in the coming years.
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Horizontal Directional Drilling Market: Strategic Insights
Market Size Value in US$ 2,802.69 million in 2022 Market Size Value by US$ 6,420.45 million by 2030 Growth rate CAGR of 3.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Horizontal Directional Drilling Market: Strategic Insights
| Market Size Value in | US$ 2,802.69 million in 2022 |
| Market Size Value by | US$ 6,420.45 million by 2030 |
| Growth rate | CAGR of 3.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Horizontal Directional Drilling Market Drivers and Opportunities
Rising Infrastructure Development in Telecommunications and Mineral Exploration Sectors Driving Demand for Horizontal Directional Drilling
The increasing urbanization and growing government emphasis on infrastructure development that involves telecom network expansion in rural areas are a few factors increasing the application of horizontal directional drilling equipment. The onshore and offshore mineral exploration requires a high level of drilling activities, which boosts the application of horizontal directional drilling equipment across the globe. Governments of various countries are working on mineral exploration projects as one of the major parts of their economic development. Thus, rising infrastructure development in the telecommunications and mineral exploration sectors fuels the horizontal directional drilling market growth.
Discovery of New Mineral Exploration Locations– An Opportunity in Horizontal Directional Drilling Market
Mineral exploration activities are one of the major application areas of horizontal directional drilling equipment. The mineral exploration sites require a high level of drilling activities, which is boosting the demand for horizontal directional drilling equipment in various nations. Countries such as Australia, China, Russia, Brazil, Canada, and the US are widely involved in mineral exploration activities. These countries are also promoting the discovery of new mineral exploration sites and upgrading and maintenance of already existing sites. In addition, in 2024, KO Gold Inc. entered into an exploration permit acquisition agreement with NewPeak NZ Ltd., NewPeak Metals Ltd., and Neil Stuart and secured two exploration permits in New Zealand. Thus, the growing number of government initiatives for discovering new mineral exploration projects and increasing focus on maintaining the already existing mining sites are anticipated to offer major opportunities for the horizontal directional drilling market growth during the forecast period.
Horizontal Directional Drilling Market Report Segmentation Analysis
Key segments that contributed to the derivation of the horizontal directional drilling market analysis are end-use, rig size, and application.
- Based on the end-use, the horizontal directional drilling market has been divided into telecommunications, oil & gas, sewer & water, environmental wells, and utility. The oil & gas segment held a larger market share in 2022.
- Based on the rig size, the horizontal directional drilling market has been divided into Small (Less than 40,000 lbs.), Medium (40,000–100,000 lbs), and Large (More than 100,000 lbs). The large (above 100,000 Lbs) segment held a larger market share in 2022.
- Based on the application, the horizontal directional drilling market has been divided into onshore and offshore. The onshore segment held a larger market share in 2022.
Horizontal Directional Drilling Market Share Analysis by Geography
The geographic scope of the horizontal directional drilling market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America is leading the horizontal directional drilling market. The region demonstrates high investments in the oil & gas industry. The US is a key natural gas and crude oil producer globally. Increasing gas exploration and oil production activities in the region and the mounting number of oil & gas rigs across different countries of North America drive the horizontal directional drilling market growth. The rising demand for broadband services in North America is anticipated to boost investments in the cable network. The next-generation broadband technologies such as high-speed internet packages (FTTx) and 5G are increasing the deployment of cables, which is propelling the need for horizontal directional drilling activities in the region.
Horizontal Directional Drilling Market Report Scope
Horizontal Directional Drilling Market News and Recent Developments
The Horizontal Directional Drilling Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In January 2024, American Augers introduced the DD600 maxi-rig directional drill, replacing its predecessor, the DD440T. (Source: American Augers, Inc., Press Release/Company Website/Newsletter)
- In November 2023, Herrenknecht AG acquired the majority of H. Anger's Sohne Bohr- and Brunnenbaugesellschaft mbH. The acquisition will reinforce the widespread line of automated drilling rigs and equipment offered by the Herrenknecht Group. (Source: Herrenknecht AG, Press Release/Company Website/Newsletter)
Horizontal Directional Drilling Market Report Coverage and Deliverables
The “Horizontal Directional Drilling Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering the following areas:
- Horizontal Directional Drilling Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Horizontal Directional Drilling Market Trends
- Detailed PEST and SWOT analysis
- Horizontal Directional Drilling Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Horizontal Directional Drilling Industry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End-use, Rig Size, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Horizontal Directional Drilling Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Horizontal Directional Drilling Market – Key Market Dynamics
5.1 Horizontal Directional Drilling Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Application of Horizontal Directional Drilling Equipment in Sewer & Water and Oil & Gas Sectors
5.2.2 Rising Infrastructure Development in Telecommunications and Mineral Exploration Sectors
5.3 Market Restraints
5.3.1 Declining Oil & Gas Exploration Activities
5.4 Market Opportunities
5.4.1 Discovery of New Mineral Exploration Locations
5.5 Future Trends
5.5.1 Development of Smart Cities across Emerging Countries
5.6 Impact of Drivers and Restraints:
6. Horizontal Directional Drilling Market – Global Market Analysis
6.1 Horizontal Directional Drilling Market Revenue (US$ Million), 2022–2030
6.2 Horizontal Directional Drilling Market Forecast Analysis
7. Horizontal Directional Drilling Market Analysis – by End Use
7.1 Telecommunication
7.1.1 Overview
7.1.2 Telecommunication: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Oil and Gas
7.2.1 Overview
7.2.2 Oil and Gas: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Sewer and Water
7.3.1 Overview
7.3.2 Sewer and Water: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Environmental Wells
7.4.1 Overview
7.4.2 Environmental Wells: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Utility
7.5.1 Overview
7.5.2 Utility: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8. Horizontal Directional Drilling Market Analysis – by Rig Size
8.1 Small (Below 40000 lbs)
8.1.1 Overview
8.1.2 Small (Below 40000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Medium (40000-100000 lbs)
8.2.1 Overview
8.2.2 Medium (40000-100000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Large (Above 100000 lbs)
8.3.1 Overview
8.3.2 Large (Above 100000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9. Horizontal Directional Drilling Market Analysis – by Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10. Horizontal Directional Drilling Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Horizontal Directional Drilling Market Overview
10.2.2 North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Horizontal Directional Drilling Market Breakdown, by End Use
10.2.3.1 North America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by End Use
10.2.4 North America: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.2.4.1 North America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Rig Size
10.2.5 North America: Horizontal Directional Drilling Market Breakdown, by Application
10.2.5.1 North America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Application
10.2.6 North America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 United States: Horizontal Directional Drilling Market Breakdown, by End Use
10.2.6.2.2 United States: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.2.6.2.3 United States: Horizontal Directional Drilling Market Breakdown, by Application
10.2.6.3 Canada: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.3.1 Canada: Horizontal Directional Drilling Market Breakdown, by End Use
10.2.6.3.2 Canada: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.2.6.3.3 Canada: Horizontal Directional Drilling Market Breakdown, by Application
10.2.6.4 Mexico: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Mexico: Horizontal Directional Drilling Market Breakdown, by End Use
10.2.6.4.2 Mexico: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.2.6.4.3 Mexico: Horizontal Directional Drilling Market Breakdown, by Application
10.3 Europe
10.3.1 Europe Horizontal Directional Drilling Market Overview
10.3.2 Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.3.1 Europe: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by End Use
10.3.4 Europe: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.4.1 Europe: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Rig Size
10.3.5 Europe: Horizontal Directional Drilling Market Breakdown, by Application
10.3.5.1 Europe: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Application
10.3.6 Europe: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.2.2 Germany: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.2.3 Germany: Horizontal Directional Drilling Market Breakdown, by Application
10.3.6.3 France: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 France: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.3.2 France: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.3.3 France: Horizontal Directional Drilling Market Breakdown, by Application
10.3.6.4 Italy: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 Italy: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.4.2 Italy: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.4.3 Italy: Horizontal Directional Drilling Market Breakdown, by Application
10.3.6.5 United Kingdom: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 United Kingdom: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.5.2 United Kingdom: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.5.3 United Kingdom: Horizontal Directional Drilling Market Breakdown, by Application
10.3.6.6 Russia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Russia: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.6.2 Russia: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.6.3 Russia: Horizontal Directional Drilling Market Breakdown, by Application
10.3.6.7 Rest of Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.7.1 Rest of Europe: Horizontal Directional Drilling Market Breakdown, by End Use
10.3.6.7.2 Rest of Europe: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.3.6.7.3 Rest of Europe: Horizontal Directional Drilling Market Breakdown, by Application
10.4 Asia Pacific
10.4.1 Asia Pacific Horizontal Directional Drilling Market Overview
10.4.2 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.3.1 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by End Use
10.4.4 Asia Pacific: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.4.1 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Rig Size
10.4.5 Asia Pacific: Horizontal Directional Drilling Market Breakdown, by Application
10.4.5.1 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Application
10.4.6 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 Australia: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.2.2 Australia: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.2.3 Australia: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.3 China: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 China: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.3.2 China: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.3.3 China: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.4 India: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 India: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.4.2 India: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.4.3 India: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.5 Japan: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 Japan: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.5.2 Japan: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.5.3 Japan: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.6 South Korea: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 South Korea: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.6.2 South Korea: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.6.3 South Korea: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.7 New Zealand: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.7.1 New Zealand: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.7.2 New Zealand: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.7.3 New Zealand: Horizontal Directional Drilling Market Breakdown, by Application
10.4.6.8 Rest of APAC: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.8.1 Rest of APAC: Horizontal Directional Drilling Market Breakdown, by End Use
10.4.6.8.2 Rest of APAC: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.4.6.8.3 Rest of APAC: Horizontal Directional Drilling Market Breakdown, by Application
10.5 Middle East and Africa
10.5.1 Middle East and Africa Horizontal Directional Drilling Market Overview
10.5.2 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by End Use
10.5.3.1 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by End Use
10.5.4 Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.5.4.1 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Rig Size
10.5.5 Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Application
10.5.5.1 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Application
10.5.6 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 South Africa: Horizontal Directional Drilling Market Breakdown, by End Use
10.5.6.2.2 South Africa: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.5.6.2.3 South Africa: Horizontal Directional Drilling Market Breakdown, by Application
10.5.6.3 Saudi Arabia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.3.1 Saudi Arabia: Horizontal Directional Drilling Market Breakdown, by End Use
10.5.6.3.2 Saudi Arabia: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.5.6.3.3 Saudi Arabia: Horizontal Directional Drilling Market Breakdown, by Application
10.5.6.4 United Arab Emirates: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 United Arab Emirates: Horizontal Directional Drilling Market Breakdown, by End Use
10.5.6.4.2 United Arab Emirates: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.5.6.4.3 United Arab Emirates: Horizontal Directional Drilling Market Breakdown, by Application
10.5.6.5 Rest of Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by End Use
10.5.6.5.2 Rest of Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.5.6.5.3 Rest of Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Application
10.6 South America
10.6.1 South America Horizontal Directional Drilling Market Overview
10.6.2 South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South America: Horizontal Directional Drilling Market Breakdown, by End Use
10.6.3.1 South America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by End Use
10.6.4 South America: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.6.4.1 South America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Rig Size
10.6.5 South America: Horizontal Directional Drilling Market Breakdown, by Application
10.6.5.1 South America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Application
10.6.6 South America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South America: Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: Horizontal Directional Drilling Market Breakdown, by End Use
10.6.6.2.2 Brazil: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.6.6.2.3 Brazil: Horizontal Directional Drilling Market Breakdown, by Application
10.6.6.3 Argentina: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.3.1 Argentina: Horizontal Directional Drilling Market Breakdown, by End Use
10.6.6.3.2 Argentina: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.6.6.3.3 Argentina: Horizontal Directional Drilling Market Breakdown, by Application
10.6.6.4 Rest of South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Rest of South America: Horizontal Directional Drilling Market Breakdown, by End Use
10.6.6.4.2 Rest of South America: Horizontal Directional Drilling Market Breakdown, by Rig Size
10.6.6.4.3 Rest of South America: Horizontal Directional Drilling Market Breakdown, by Application
11. Horizontal Directional Drilling Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 New Product Development
13.3 Market Initiative
14. Company Profiles
14.1 American Augers Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Drillto Trenchless Co Ltd
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Tracto-Technik GmbH & Co KG
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Herrenknecht AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Nabors Industries Ltd
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Laney Directional Drilling Co
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Prime Drilling GmbH
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Epiroc AB
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 The Charles Machine Works Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Vermeer Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
List of Tables
Table 1. Horizontal Directional Drilling Market Segmentation
Table 2. Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by End Use
Table 4. Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Rig Size
Table 5. Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 7. North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 8. North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 10. United States: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 11. United States: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 12. United States: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Canada: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 14. Canada: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 15. Canada: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Mexico: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 17. Mexico: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 18. Mexico: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 20. Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 21. Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 23. Germany: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 24. Germany: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 25. Germany: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 26. France: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 27. France: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 28. France: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 29. Italy: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 30. Italy: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 31. Italy: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 32. United Kingdom: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 33. United Kingdom: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 34. United Kingdom: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 35. Russia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 36. Russia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 37. Russia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 38. Rest of Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 39. Rest of Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 40. Rest of Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 41. Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 42. Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 43. Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 44. Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 45. Australia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 46. Australia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 47. Australia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 48. China: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 49. China: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 50. China: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 51. India: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 52. India: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 53. India: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 54. Japan: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 55. Japan: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 56. Japan: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 57. South Korea: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 58. South Korea: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 59. South Korea: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 60. New Zealand: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 61. New Zealand: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 62. New Zealand: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 63. Rest of APAC: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 64. Rest of APAC: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 65. Rest of APAC: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 66. Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 67. Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 68. Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 69. Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 70. South Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 71. South Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 72. South Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 73. Saudi Arabia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 74. Saudi Arabia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 75. Saudi Arabia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 76. United Arab Emirates: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 77. United Arab Emirates: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 78. United Arab Emirates: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 79. Rest of Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by End Use
Table 80. Rest of Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Rig Size
Table 81. Rest of Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 82. South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 83. South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 84. South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 85. South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 86. Brazil: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 87. Brazil: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 88. Brazil: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 89. Argentina: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 90. Argentina: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 91. Argentina: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 92. Rest of South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 93. Rest of South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 94. Rest of South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
List of Figures
Figure 1. Horizontal Directional Drilling Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Horizontal Directional Drilling Market Revenue (US$ Million), 2022–2030
Figure 6. Horizontal Directional Drilling Market Share (%) – by End Use (2022 and 2030)
Figure 7. Telecommunication: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Oil and Gas: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sewer and Water: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Environmental Wells: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Utility: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Horizontal Directional Drilling Market Share (%) – by Rig Size (2022 and 2030)
Figure 13. Small (Below 40000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Medium (40000-100000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large (Above 100000 lbs): Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Horizontal Directional Drilling Market Share (%) – by Application (2022 and 2030)
Figure 17. Onshore: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Offshore: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Horizontal Directional Drilling Market Breakdown by Region, 2022 and 2030 (%)
Figure 20. North America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. North America: Horizontal Directional Drilling Market Breakdown, by End Use (2022 and 2030)
Figure 22. North America: Horizontal Directional Drilling Market Breakdown, by Rig Size (2022 and 2030)
Figure 23. North America: Horizontal Directional Drilling Market Breakdown, by Application (2022 and 2030)
Figure 24. North America: Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 25. United States: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Canada: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Mexico: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 29. Europe: Horizontal Directional Drilling Market Breakdown, by End Use (2022 and 2030)
Figure 30. Europe: Horizontal Directional Drilling Market Breakdown, by Rig Size (2022 and 2030)
Figure 31. Europe: Horizontal Directional Drilling Market Breakdown, by Application (2022 and 2030)
Figure 32. Europe: Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 33. Germany: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 34. France: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 35. Italy: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 36. United Kingdom: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 37. Russia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 38. Rest of Europe: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 39. Asia Pacific: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 40. Asia Pacific: Horizontal Directional Drilling Market Breakdown, by End Use (2022 and 2030)
Figure 41. Asia Pacific: Horizontal Directional Drilling Market Breakdown, by Rig Size (2022 and 2030)
Figure 42. Asia Pacific: Horizontal Directional Drilling Market Breakdown, by Application (2022 and 2030)
Figure 43. Asia Pacific: Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 44. Australia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 45. China: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 46. India: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 47. Japan: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 48. South Korea: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 49. New Zealand: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 50. Rest of APAC: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 51. Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by End Use (2022 and 2030)
Figure 53. Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Rig Size (2022 and 2030)
Figure 54. Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Application (2022 and 2030)
Figure 55. Middle East and Africa: Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 56. South Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 57. Saudi Arabia: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 58. United Arab Emirates: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 59. Rest of Middle East and Africa: Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 60. South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 61. South America: Horizontal Directional Drilling Market Breakdown, by End Use (2022 and 2030)
Figure 62. South America: Horizontal Directional Drilling Market Breakdown, by Rig Size (2022 and 2030)
Figure 63. South America: Horizontal Directional Drilling Market Breakdown, by Application (2022 and 2030)
Figure 64. South America: Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 65. Brazil: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 66. Argentina: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 67. Rest of South America: Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 68. Company Positioning & Concentration
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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