Drilling Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034

The global drilling services market is projected to witness substantial growth due to rising global energy consumption, expanding infrastructure, and increased exploration and production activities across oil, gas, and mining sectors. Drilling services encompass specialized processes for creating holes in the earth or other materials for resource extraction, construction, and scientific research. These services include drilling fluids, cementing, well construction, drill bits, and integrated solutions for efficient hydrocarbon and mineral recovery.

Market Size and Forecast

The global drilling services market was valued at USD 17.82 billion in 2025, expected to grow to USD 19.25 billion in 2026, and projected to reach USD 31.65 billion by 2034, exhibiting a CAGR of 6.41% over the forecast period. North America led the market in 2025 with a share of 26.48%, driven by abundant shale reserves, technological advancements, and well-established drilling infrastructure. Major players include Halliburton, Schlumberger, Baker Hughes, Weatherford International, Nabors Industries, Petrofac, TechnipFMC, China Oilfield Services Limited, Epiroc, Patterson UTI, and Valaris.

Market Dynamics

Market Drivers:

1. Rising Energy Demand: Growing industrialization and infrastructure development have spurred energy consumption, particularly in emerging economies. According to the IEA Oil Market Report, global oil demand is expected to grow by 1.1 mb/d in 2025, led by China and other Asia Pacific countries.

2. New Hydrocarbon Discoveries: Investment in exploration of new oil and gas fields and the drilling of wildcat wells generate demand for specialized drilling services. For example, Odfjell Drilling obtained a 15-well contract in the North Sea in 2020, reflecting ongoing expansion in offshore operations.

Market Restraints:

Increasing adoption of renewable energy technologies, such as wind, solar, and geothermal energy, may limit growth. Policy initiatives like REPowerEU, U.S. Inflation Reduction Act (IRA), and China's 14th Five-Year Plan encourage low-carbon energy, reducing dependence on traditional drilling operations.

Market Opportunities:

New contracts for mining and hydrocarbon exploration offer growth opportunities. In August 2020, Swick Mining Services secured long-term drilling contracts in Australia and Spain, highlighting the expanding role of drilling services beyond oil and gas.

Market Challenges:

Volatile oil and gas prices affect investment and operational budgets for drilling services. Historical price drops, such as those during 2014-2016 and the COVID-19 pandemic in 2020, resulted in reduced drilling operations and constrained market growth.

Market Trends

Launch of Advanced Tools and Services: Companies continuously invest in R&D to enhance efficiency and productivity. For instance, in October 2024, Halliburton launched its iCruise Force intelligent Rotary Steerable System (RSS) paired with the LOGIX automation platform, optimizing wellbore positioning and drilling performance.
Integration of Digital and Automation Technologies: Modern drilling solutions incorporate real-time downhole monitoring, automated drilling, and enhanced safety systems, increasing operational efficiency and reducing costs.

Impact of COVID-19

The pandemic negatively affected drilling services by reducing demand for hydrocarbons and disrupting mining operations. Value chain disruptions, declining energy demand, and international crude oil price volatility further constrained market growth. The IEA estimated a 9.3 mbpd decline in global crude oil demand in 2020, impacting drilling service activities worldwide.

Market Segmentation

By Service:

Directional drilling services dominate due to complex wells in unconventional formations, holding 77.82% market share in 2026. Sub-segments include Logging While Drilling (LWD), Measurement While Drilling (MWD), Rotary Steerable Systems (RSS), and mud motors.
Non-directional drilling services grow steadily at a CAGR of 7.73% (2025-2032), supporting conventional wells and aging fields.

By Application:

Onshore drilling dominates with 69.49% market share in 2026, benefiting from lower costs and accessible reserves.
Offshore drilling, including shallow, deepwater, and ultra-deepwater segments, is expected to grow at a CAGR of 8.65%, driven by technological innovations and untapped hydrocarbon reserves.

By End-User:

Oil & gas dominates with 62.23% market share in 2026, due to investments in new reserves and production targets.
Mining and water exploration are expected to grow, fueled by resource demand and groundwater projects.

Regional Outlook

North America:

Market valued at USD 4.72 billion in 2025, growing to USD 5.16 billion in 2026, with the U.S. at USD 4.02 billion in 2026, driven by shale gas production and technological advancements.

Asia Pacific:

Market projected at USD 4.89 billion in 2026, with China at USD 2.61 billion, fueled by increasing energy demand, coal reserves, and local drilling infrastructure development.

Europe:

Market set to reach USD 2.60 billion in 2026, with Norway at USD 0.50 billion, Russia USD 1.23 billion, and the U.K. USD 0.23 billion, supported by offshore and geothermal projects.

Middle East & Africa:

Saudi Arabia projected at USD 0.78 billion in 2025, driven by offshore exploration and new hydrocarbon discoveries.

Latin America:

Expected market USD 2.56 billion in 2026, led by Brazil's pre-salt offshore fields and increasing E&P activity.

Competitive Landscape

The market is highly competitive, with global players like Halliburton, Schlumberger, Baker Hughes, Weatherford, Nabors Industries, TechnipFMC, and China Oilfield Services Limited dominating due to extensive portfolios, technological innovation, and global presence. Smaller regional players also compete through specialized services, local expertise, and cost-effective solutions. Key developments include:

March 2025: Halliburton and Sekal AS launched the first automated on-bottom drilling system in Norway.
March 2025: Schlumberger introduced EWC electric well control technologies, enhancing safety and reducing costs.
January 2025: Halliburton contracted by Petrobras for offshore drilling in Brazil, providing iCruise RSS and LOGIX automation platform.

Conclusion

The global drilling services market is projected to grow from USD 17.82 billion in 2025 to USD 31.65 billion by 2034, at a CAGR of 6.41%, driven by rising energy demand, technological advancements, and increasing E&P investments. North America leads the market, followed by Asia Pacific and Europe. Despite challenges from price volatility and renewable energy adoption, innovation in drilling technologies, offshore exploration, and strategic investments will sustain market growth. Drilling services remain essential for energy security, hydrocarbon production, and resource exploration globally.

Segmentation By Service, Application, End-User, and Region

Segmentation By Service

Directional Drilling
- Logging While Drilling (LWD)
- Measurement While Drilling (MWD)
- Rotary Steerable System (RSS)
- Mud Motors
- Others
Non-Directional Drilling

By Application

Onshore
Offshore
- Shallow Water
- Deepwater
- Ultra-Deepwater

By End-User

Oil & Gas
Mining
Water Exploration
Others

By Region

North America (By Service, Application, End-User, and Country)
- U.S. (By Application)
- Canada (By Location)
Europe (By Service, Application, End-User, and Country)
- U.K. (By Application)
- Germany (By Application)
- Norway (By Application)
- Italy (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Service, Application, End-User, and Country)
- China (By Application)
- India (By Application)
- Indonesia (By Application)
- Thailand (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Service, Application, End-User, and Country)
- Brazil (By Application)
- Mexico (By Application)
- Argentina (By Application)
- Venezuela (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Service, Application, End-User, and Country)
- Saudi Arabia (By Application)
- UAE (By Application)
- Qatar (By Application)
- Kuwait (By Application)
- Oman (By Application)
- Algeria (By Application)
- Rest of the Middle East & Africa (By Application)

Product Code: FBI104784

Table of Content

1. Introduction

1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities

4. Key Insights

4.1. Key Emerging Trends
4.2. Latest Technological Advancement
4.3. Insight on Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Drilling Services Market

5. Global Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

5.1. Key Findings
5.2. Market Analysis, Insights, and Forecast - By Services
- 5.2.1. Directional Drilling
  - 5.2.1.1. Logging While Drilling (LWD)
  - 5.2.1.2. Measurement While Drilling (MWD)
  - 5.2.1.3. Rotary Steerable System (RSS)
  - 5.2.1.4. Mud Motors
  - 5.2.1.5. Others
- 5.2.2. Non-Directional Drilling
5.3. Market Analysis, Insights, and Forecast - By Application
- 5.3.1. Onshore
- 5.3.2. Offshore
  - 5.3.2.1. Shallow Water
  - 5.3.2.2. Deepwater
  - 5.3.2.3. Ultra-Deepwater
5.4. Market Analysis, Insights, and Forecast - By End-User
- 5.4.1. Oil & Gas
- 5.4.2. Mining
- 5.4.3. Water Exploration
- 5.4.4. Others
5.5. Market Analysis, Insights, and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa

6. North America Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

6.1. Key Findings
6.2. Market Analysis, Insights, and Forecast - By Services
- 6.2.1. Directional Drilling
  - 6.2.1.1. Logging While Drilling (LWD)
  - 6.2.1.2. Measurement While Drilling (MWD)
  - 6.2.1.3. Rotary Steerable System (RSS)
  - 6.2.1.4. Mud Motors
  - 6.2.1.5. Others
- 6.2.2. Non-Directional Drilling
6.3. Market Analysis, Insights, and Forecast - By Application
- 6.3.1. Onshore
- 6.3.2. Offshore
  - 6.3.2.1. Shallow Water
  - 6.3.2.2. Deepwater
  - 6.3.2.3. Ultra-Deepwater
6.4. Market Analysis, Insights, and Forecast - By End-User
- 6.4.1. Oil & Gas
- 6.4.2. Mining
- 6.4.3. Water Exploration
- 6.4.4. Others
6.5. Market Analysis, Insights, and Forecast - By Country
- 6.5.1. U.S. Market Analysis, Insights, and Forecast - By Application
  - 6.5.1.1. Onshore
  - 6.5.1.2. Offshore
    - 6.5.1.2.1. Shallow Water
    - 6.5.1.2.2. Deepwater
    - 6.5.1.2.3. Ultra-Deepwater
- 6.5.2. Canada Market Analysis, Insights, and Forecast - By Application
  - 6.5.2.1. Onshore
  - 6.5.2.2. Offshore
    - 6.5.2.2.1. Shallow Water
    - 6.5.2.2.2. Deepwater
    - 6.5.2.2.3. Ultra-Deepwater

7. Europe Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

7.1. Key Findings
7.2. Market Analysis, Insights, and Forecast - By Services
- 7.2.1. Directional Drilling
  - 7.2.1.1. Logging While Drilling (LWD)
  - 7.2.1.2. Measurement While Drilling (MWD)
  - 7.2.1.3. Rotary Steerable System (RSS)
  - 7.2.1.4. Mud Motors
  - 7.2.1.5. Others
- 7.2.2. Non-Directional Drilling
7.3. Market Analysis, Insights, and Forecast - By Application
- 7.3.1. Onshore
- 7.3.2. Offshore
  - 7.3.2.1. Shallow Water
  - 7.3.2.2. Deepwater
  - 7.3.2.3. Ultra-Deepwater
7.4. Market Analysis, Insights, and Forecast - By End-User
- 7.4.1. Oil & Gas
- 7.4.2. Mining
- 7.4.3. Water Exploration
- 7.4.4. Others
7.5. Market Analysis, Insights, and Forecast - By Country
- 7.5.1. U.K. Market Analysis, Insights, and Forecast - By Application
  - 7.5.1.1. Onshore
  - 7.5.1.2. Offshore
    - 7.5.1.2.1. Shallow Water
    - 7.5.1.2.2. Deepwater
    - 7.5.1.2.3. Ultra-Deepwater
- 7.5.2. Germany Market Analysis, Insights, and Forecast - By Application
  - 7.5.2.1. Onshore
  - 7.5.2.2. Offshore
    - 7.5.2.2.1. Shallow Water
    - 7.5.2.2.2. Deepwater
    - 7.5.2.2.3. Ultra-Deepwater
- 7.5.3. Norway Market Analysis, Insights, and Forecast - By Application
  - 7.5.3.1. Onshore
  - 7.5.3.2. Offshore
    - 7.5.3.2.1. Shallow Water
    - 7.5.3.2.2. Deepwater
    - 7.5.3.2.3. Ultra-Deepwater
- 7.5.4. Italy Market Analysis, Insights, and Forecast - By Application
  - 7.5.4.1. Onshore
  - 7.5.4.2. Offshore
    - 7.5.4.2.1. Shallow Water
    - 7.5.4.2.2. Deepwater
    - 7.5.4.2.3. Ultra-Deepwater
- 7.5.5. Russia Market Analysis, Insights, and Forecast - By Application
  - 7.5.5.1. Onshore
  - 7.5.5.2. Offshore
    - 7.5.5.2.1. Shallow Water
    - 7.5.5.2.2. Deepwater
    - 7.5.5.2.3. Ultra-Deepwater
- 7.5.6. Rest of Europe Market Analysis, Insights, and Forecast - By Application
  - 7.5.6.1. Onshore
  - 7.5.6.2. Offshore
    - 7.5.6.2.1. Shallow Water
    - 7.5.6.2.2. Deepwater
    - 7.5.6.2.3. Ultra-Deepwater

8. Asia Pacific Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

8.1. Key Findings
8.2. Market Analysis, Insights, and Forecast - By Services
- 8.2.1. Directional Drilling
  - 8.2.1.1. Logging While Drilling (LWD)
  - 8.2.1.2. Measurement While Drilling (MWD)
  - 8.2.1.3. Rotary Steerable System (RSS)
  - 8.2.1.4. Mud Motors
  - 8.2.1.5. Others
- 8.2.2. Non-Directional Drilling
8.3. Market Analysis, Insights, and Forecast - By Application
- 8.3.1. Onshore
- 8.3.2. Offshore
  - 8.3.2.1. Shallow Water
  - 8.3.2.2. Deepwater
  - 8.3.2.3. Ultra-Deepwater
8.4. Market Analysis, Insights, and Forecast - By End-User
- 8.4.1. Oil & Gas
- 8.4.2. Mining
- 8.4.3. Water Exploration
- 8.4.4. Others
8.5. Market Analysis, Insights, and Forecast - By Country
- 8.5.1. China Market Analysis, Insights, and Forecast - By Application
  - 8.5.1.1. Onshore
  - 8.5.1.2. Offshore
    - 8.5.1.2.1. Shallow Water
    - 8.5.1.2.2. Deepwater
    - 8.5.1.2.3. Ultra-Deepwater
- 8.5.2. India Market Analysis, Insights, and Forecast - By Application
  - 8.5.2.1. Onshore
  - 8.5.2.2. Offshore
    - 8.5.2.2.1. Shallow Water
    - 8.5.2.2.2. Deepwater
    - 8.5.2.2.3. Ultra-Deepwater
- 8.5.3. Indonesia Market Analysis, Insights, and Forecast - By Application
  - 8.5.3.1. Onshore
  - 8.5.3.2. Offshore
    - 8.5.3.2.1. Shallow Water
    - 8.5.3.2.2. Deepwater
    - 8.5.3.2.3. Ultra-Deepwater
- 8.5.4. Thailand Market Analysis, Insights, and Forecast - By Application
  - 8.5.4.1. Onshore
  - 8.5.4.2. Offshore
    - 8.5.4.2.1. Shallow Water
    - 8.5.4.2.2. Deepwater
    - 8.5.4.2.3. Ultra-Deepwater
- 8.5.5. Australia Market Analysis, Insights, and Forecast - By Application
  - 8.5.5.1. Onshore
  - 8.5.5.2. Offshore
    - 8.5.5.2.1. Shallow Water
    - 8.5.5.2.2. Deepwater
    - 8.5.5.2.3. Ultra-Deepwater
- 8.5.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Application
  - 8.5.6.1. Onshore
  - 8.5.6.2. Offshore
    - 8.5.6.2.1. Shallow Water
    - 8.5.6.2.2. Deepwater
    - 8.5.6.2.3. Ultra-Deepwater

9. Latin America Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

9.1. Key Findings
9.2. Market Analysis, Insights, and Forecast - By Services
- 9.2.1. Directional Drilling
  - 9.2.1.1. Logging While Drilling (LWD)
  - 9.2.1.2. Measurement While Drilling (MWD)
  - 9.2.1.3. Rotary Steerable System (RSS)
  - 9.2.1.4. Mud Motors
  - 9.2.1.5. Others
- 9.2.2. Non-Directional Drilling
9.3. Market Analysis, Insights, and Forecast - By Application
- 9.3.1. Onshore
- 9.3.2. Offshore
  - 9.3.2.1. Shallow Water
  - 9.3.2.2. Deepwater
  - 9.3.2.3. Ultra-Deepwater
9.4. Market Analysis, Insights, and Forecast - By End-User
- 9.4.1. Oil & Gas
- 9.4.2. Mining
- 9.4.3. Water Exploration
- 9.4.4. Others
9.5. Market Analysis, Insights, and Forecast - By Country
- 9.5.1. Brazil Market Analysis, Insights, and Forecast - By Application
  - 9.5.1.1. Onshore
  - 9.5.1.2. Offshore
    - 9.5.1.2.1. Shallow Water
    - 9.5.1.2.2. Deepwater
    - 9.5.1.2.3. Ultra-Deepwater
- 9.5.2. Mexico Market Analysis, Insights, and Forecast - By Application
  - 9.5.2.1. Onshore
  - 9.5.2.2. Offshore
    - 9.5.2.2.1. Shallow Water
    - 9.5.2.2.2. Deepwater
    - 9.5.2.2.3. Ultra-Deepwater
- 9.5.3. Argentina Market Analysis, Insights, and Forecast - By Application
  - 9.5.3.1. Onshore
  - 9.5.3.2. Offshore
    - 9.5.3.2.1. Shallow Water
    - 9.5.3.2.2. Deepwater
    - 9.5.3.2.3. Ultra-Deepwater
- 9.5.4. Venezuela Market Analysis, Insights, and Forecast - By Application
  - 9.5.4.1. Onshore
  - 9.5.4.2. Offshore
    - 9.5.4.2.1. Shallow Water
    - 9.5.4.2.2. Deepwater
    - 9.5.4.2.3. Ultra-Deepwater
- 9.5.5. Rest of Latin America Market Analysis, Insights, and Forecast - By Application
  - 9.5.5.1. Onshore
  - 9.5.5.2. Offshore
    - 9.5.5.2.1. Shallow Water
    - 9.5.5.2.2. Deepwater
    - 9.5.5.2.3. Ultra-Deepwater

10. Middle East and Africa Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

10.1. Key Findings
10.2. Market Analysis, Insights, and Forecast - By Services
- 10.2.1. Directional Drilling
  - 10.2.1.1. Logging While Drilling (LWD)
  - 10.2.1.2. Measurement While Drilling (MWD)
  - 10.2.1.3. Rotary Steerable System (RSS)
  - 10.2.1.4. Mud Motors
  - 10.2.1.5. Others
- 10.2.2. Non-Directional Drilling
10.3. Market Analysis, Insights, and Forecast - By Application
- 10.3.1. Onshore
- 10.3.2. Offshore
  - 10.3.2.1. Shallow Water
  - 10.3.2.2. Deepwater
  - 10.3.2.3. Ultra-Deepwater
10.4. Market Analysis, Insights, and Forecast - By End-User
- 10.4.1. Oil & Gas
- 10.4.2. Mining
- 10.4.3. Water Exploration
- 10.4.4. Others
10.5. Market Analysis, Insights, and Forecast - By Country
- 10.5.1. Saudi Arabia Market Analysis, Insights, and Forecast - By Application
  - 10.5.1.1. Onshore
  - 10.5.1.2. Offshore
    - 10.5.1.2.1. Shallow Water
    - 10.5.1.2.2. Deepwater
    - 10.5.1.2.3. Ultra-Deepwater
- 10.5.2. UAE Market Analysis, Insights, and Forecast - By Application
  - 10.5.2.1. Onshore
  - 10.5.2.2. Offshore
    - 10.5.2.2.1. Shallow Water
    - 10.5.2.2.2. Deepwater
    - 10.5.2.2.3. Ultra-Deepwater
- 10.5.3. Qatar Market Analysis, Insights, and Forecast - By Application
  - 10.5.3.1. Onshore
  - 10.5.3.2. Offshore
    - 10.5.3.2.1. Shallow Water
    - 10.5.3.2.2. Deepwater
    - 10.5.3.2.3. Ultra-Deepwater
- 10.5.4. Kuwait Market Analysis, Insights, and Forecast - By Application
  - 10.5.4.1. Onshore
  - 10.5.4.2. Offshore
    - 10.5.4.2.1. Shallow Water
    - 10.5.4.2.2. Deepwater
    - 10.5.4.2.3. Ultra-Deepwater
- 10.5.5. Oman Market Analysis, Insights, and Forecast - By Application
  - 10.5.5.1. Onshore
  - 10.5.5.2. Offshore
    - 10.5.5.2.1. Shallow Water
    - 10.5.5.2.2. Deepwater
    - 10.5.5.2.3. Ultra-Deepwater
- 10.5.6. Algeria Market Analysis, Insights, and Forecast - By Application
  - 10.5.6.1. Onshore
  - 10.5.6.2. Offshore
    - 10.5.6.2.1. Shallow Water
    - 10.5.6.2.2. Deepwater
    - 10.5.6.2.3. Ultra-Deepwater
- 10.5.7. Rest of Middle East and Africa Market Analysis, Insights, and Forecast - By Application
  - 10.5.7.1. Onshore
  - 10.5.7.2. Offshore
    - 10.5.7.2.1. Shallow Water
    - 10.5.7.2.2. Deepwater
    - 10.5.7.2.3. Ultra-Deepwater

11. Competitive Analysis

11.1. Company Market Share Analysis, 2025
11.2. Company Profile
- 11.2.1. Schlumerger
  - 11.2.1.1. Business Overview
  - 11.2.1.2. Product and Service Offerings
  - 11.2.1.3. Recent Developments
  - 11.2.1.4. Financials (Based on Availability)
- 11.2.2. Baker Hughes
  - 11.2.2.1. Business Overview
  - 11.2.2.2. Product and Service Offerings
  - 11.2.2.3. Recent Developments
  - 11.2.2.4. Financials (Based on Availability)
- 11.2.3. Petrofac
  - 11.2.3.1. Business Overview
  - 11.2.3.2. Product and Service Offerings
  - 11.2.3.3. Recent Developments
  - 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Nabors Industries
  - 11.2.4.1. Business Overview
  - 11.2.4.2. Product and Service Offerings
  - 11.2.4.3. Recent Developments
  - 11.2.4.4. Financials (Based on Availability)
- 11.2.5. Halliburton
  - 11.2.5.1. Business Overview
  - 11.2.5.2. Product and Service Offerings
  - 11.2.5.3. Recent Developments
  - 11.2.5.4. Financials (Based on Availability)
- 11.2.6. Weatherford
  - 11.2.6.1. Business Overview
  - 11.2.6.2. Product and Service Offerings
  - 11.2.6.3. Recent Developments
  - 11.2.6.4. Financials (Based on Availability)
- 11.2.7. TechnipFMC
  - 11.2.7.1. Business Overview
  - 11.2.7.2. Product and Service Offerings
  - 11.2.7.3. Recent Developments
  - 11.2.7.4. Financials (Based on Availability)
- 11.2.8. China Oilfield Services Limited Epiroc
  - 11.2.8.1. Business Overview
  - 11.2.8.2. Product and Service Offerings
  - 11.2.8.3. Recent Developments
  - 11.2.8.4. Financials (Based on Availability)
- 11.2.9. Patterson UTI
  - 11.2.9.1. Business Overview
  - 11.2.9.2. Product and Service Offerings
  - 11.2.9.3. Recent Developments
  - 11.2.9.4. Financials (Based on Availability)
- 11.2.10. Valaris
  - 11.2.10.1. Business Overview
  - 11.2.10.2. Product and Service Offerings
  - 11.2.10.3. Recent Developments
  - 11.2.10.4. Financials (Based on Availability)
- 11.2.11. Seadrill
  - 11.2.11.1. Business Overview
  - 11.2.11.2. Product and Service Offerings
  - 11.2.11.3. Recent Developments
  - 11.2.11.4. Financials (Based on Availability)
- 11.2.12. Precision Drilling Corporation
  - 11.2.12.1. Business Overview
  - 11.2.12.2. Product and Service Offerings
  - 11.2.12.3. Recent Developments
  - 11.2.12.4. Financials (Based on Availability)
- 11.2.13. Petrofac
  - 11.2.13.1. Business Overview
  - 11.2.13.2. Product and Service Offerings
  - 11.2.13.3. Recent Developments
  - 11.2.13.4. Financials (Based on Availability)
- 11.2.14. International Drilling Services LLC
  - 11.2.14.1. Business Overview
  - 11.2.14.2. Product and Service Offerings
  - 11.2.14.3. Recent Developments
  - 11.2.14.4. Financials (Based on Availability)

Product Code: FBI104784

List of Tables

Table 1: Global Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 2: Global Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 3: Global Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 4: Global Drilling Services Market Revenue (USD Billion) Forecast, by Region, 2021-2034
Table 5: North America Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 6: North America Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 7: North America Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 8: North America Drilling Services Market Revenue (USD Billion) Forecast, by Country, 2021-2034
Table 9: U.S. Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 10: Canada Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 11: Europe Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 12: Europe Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 13: Europe Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 14: Europe Drilling Services Market Revenue (USD Billion) Forecast, by Country, 2021-2034
Table 15: UK Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 16: Germany Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 17: Norway Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 18: Italy Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 19: Russia Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 20: Rest of Europe Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 21: Asia Pacific Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 22: Asia Pacific Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 23: Asia Pacific Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 24: Asia Pacific Drilling Services Market Revenue (USD Billion) Forecast, by Country, 2021-2034
Table 25: China Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 26: India Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 27: Indonesia Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 28: Thailand Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 29: Australia Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 30: Rest of Asia Pacific Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 31: Latin America Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 32: Latin America Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 33: Latin America Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 34: Latin America Drilling Services Market Revenue (USD Billion) Forecast, by Country, 2021-2034
Table 35: Brazil Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 36: Mexico Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 37: Argentina Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 38: Venezuela Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 39: Rest of Latin America Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 40: Middle East & Africa Drilling Services Market Revenue (USD Billion) Forecast, By Services, 2021-2034
Table 41: Middle East & Africa Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 42: Middle East & Africa Drilling Services Market Revenue (USD Billion) Forecast, by End-User, 2021-2034
Table 43: Middle East & Africa Drilling Services Market Revenue (USD Billion) Forecast, by Country, 2021-2034
Table 44: Saudi Arabia Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 45: UAE Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 46: Qatar Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 47: Kuwait Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 48: Oman Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 49: Algeria Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034
Table 50: Rest of Middle East & Africa Drilling Services Market Revenue (USD Billion) Forecast, by Application, 2021-2034

List of Figures

Figure 1: Global Drilling Services Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034
Figure 2: Global Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 3: Global Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 4: Global Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 5: Global Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 6: Global Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 7: Global Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 8: Global Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 9: Global Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 10: Global Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 11: Global Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 12: Global Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 13: Global Drilling Services Market Value (USD Billion), by Region, 2025 & 2034
Figure 14: Global Drilling Services Market Value Share (%), by Region, 2025
Figure 15: North America Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 16: North America Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 17: North America Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 18: North America Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 19: North America Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 20: North America Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 21: North America Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 22: North America Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 23: North America Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 24: North America Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 25: North America Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 26: North America Drilling Services Market Value (USD Billion), by Country, 2025 & 2034
Figure 27: North America Drilling Services Market Value Share (%), by Country, 2025
Figure 28: Europe Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 29: Europe Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 30: Europe Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 31: Europe Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 32: Europe Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 33: Europe Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 34: Europe Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 35: Europe Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 36: Europe Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 37: Europe Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 38: Europe Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 39: Europe Drilling Services Market Value (USD Billion), by Country, 2025 & 2034
Figure 40: Europe Drilling Services Market Value Share (%), by Country, 2025
Figure 41: Asia Pacific Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 42: Asia Pacific Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 43: Asia Pacific Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 44: Asia Pacific Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 45: Asia Pacific Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 46: Asia Pacific Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 47: Asia Pacific Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 48: Asia Pacific Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 49: Asia Pacific Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 50: Asia Pacific Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 51: Asia Pacific Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 52: Asia Pacific Drilling Services Market Value (USD Billion), by Country, 2025 & 2034
Figure 53: Asia Pacific Drilling Services Market Value Share (%), by Country, 2025
Figure 54: Latin America Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 55: Latin America Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 56: Latin America Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 57: Latin America Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 58: Latin America Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 59: Latin America Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 60: Latin America Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 61: Latin America Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 62: Latin America Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 63: Latin America Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 64: Latin America Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 65: Latin America Drilling Services Market Value (USD Billion), by Country, 2025 & 2034
Figure 66: Latin America Drilling Services Market Value Share (%), by Country, 2025
Figure 67: Middle East & Africa Drilling Services Market Value Share (%), By Services, 2025 & 2034
Figure 68: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Directional Drilling, 2021-2034
Figure 69: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Non-Directional Drilling, 2021-2034
Figure 70: Middle East & Africa Drilling Services Market Value Share (%), By Application, 2025 & 2034
Figure 71: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Onshore, 2021-2034
Figure 72: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Offshore, 2021-2034
Figure 73: Middle East & Africa Drilling Services Market Value Share (%), By End-User, 2025 & 2034
Figure 74: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Oil & Gas, 2021-2034
Figure 75: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Mining, 2021-2034
Figure 76: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Water Exploration, 2021-2034
Figure 77: Middle East & Africa Drilling Services Market Forecast (USD Billion), by Others, 2021-2034
Figure 78: Middle East & Africa Drilling Services Market Value (USD Billion), by Country, 2025 & 2034
Figure 79: Middle East & Africa Drilling Services Market Value Share (%), by Country, 2025
Figure 80: Company Market Share Analysis (%), 2025

Drilling Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034

Description

Table of Contents

List of Tables

Growth Factors of drilling services Market

1. Rising Energy Demand: Growing industrialization and infrastructure development have spurred energy consumption, particularly in emerging economies. According to the IEA Oil Market Report, global oil demand is expected to grow by 1.1 mb/d in 2025, led by China and other Asia Pacific countries.

Regional Outlook

Table of Content

1. Introduction

2. Executive Summary

3. Market Dynamics

4. Key Insights

5. Global Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

6. North America Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

7. Europe Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

8. Asia Pacific Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

9. Latin America Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

10. Middle East and Africa Drilling Services Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

11. Competitive Analysis

List of Tables

List of Figures