PUBLISHER: Grand View Research | PRODUCT CODE: 1842232
PUBLISHER: Grand View Research | PRODUCT CODE: 1842232
The Middle East oilfield equipment rental market size was estimated at USD 5,604.3 million in 2024 and is projected to reach USD 8,786.0 million by 2033, growing at a CAGR of 5.2% from 2025 to 2033. The market is driven by rising exploration and production (E&P) activities across the region, increasing demand for cost-effective solutions that reduce capital expenditure for oil & gas operators, and the growing preference for flexible rental models over equipment ownership.
In addition, ongoing investments in upstream projects, technological advancements in drilling and well intervention tools, and supportive government policies aimed at enhancing hydrocarbon production are further boosting market growth. The volatility of oil prices is pushing operators to adopt rental models instead of purchasing new equipment. By renting drilling rigs, pressure control systems, and well intervention tools, companies can reduce upfront capital expenditure, maintain operational flexibility, and better manage financial risk during market fluctuations.
Middle East Oilfield Equipment Rental Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East oilfield equipment rental market report based on type, application, and country.