Global Offshore Rental Equipment Market 2023-2027

Description

List of Tables

Technavio has been monitoring the offshore rental equipment market and is forecast to grow by USD 7956.37 mn during 2022-2027, accelerating at a CAGR of 6.63% during the forecast period. Our report on the offshore rental equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for oil and gas, increase in offshore exploration and production activities, and growing demand for offshore rental equipment in end-user industries.

Technavio's offshore rental equipment market is segmented as below:

By Type

Drill Equipment
Flow
pressure equipment

By End-user

Oil and gas industry
Marine engineering
Exploration

By Geography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing demand for offshore rental equipment in renewable energy industry as one of the prime reasons driving the offshore rental equipment market growth during the next few years. Also, growing demand for offshore rental equipment in deepwater exploration and growth in technological advancements in offshore rental equipment will lead to sizable demand in the market.

Offshore rental equipment market sizing
Offshore rental equipment market forecast
Offshore rental equipment market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore rental equipment market vendors that include Aquaterra Energy Ltd., Ashtead technology Ltd., Atlas Copco AB, Baker Hughes Co., BESTWAY OILFIELDS FZCO, Bois Equipment Rentals BV, Certified Oilfield Rentals LLC, China Oilfield Services Ltd., Ensign Energy Services Inc., Halliburton Co., Norwegian Offshore Rental AS, NOV Inc., Offshore Rental and Support, Oil States International Inc., Parker Drilling Co., Schlumberger Ltd., Superior Energy Services Inc., Tiger Offshore Rentals, Weatherford International Plc, and TechnipFMC plc. Also, the offshore rental equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Product Code: IRTNTR75304

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global offshore rental equipment market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global offshore rental equipment market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Drill equipment - Market size and forecast 2022-2027
Exhibit 34: Chart on Drill equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Drill equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Drill equipment - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Drill equipment - Year-over-year growth 2022-2027 (%)
6.4 Flow and pressure equipment - Market size and forecast 2022-2027
Exhibit 38: Chart on Flow and pressure equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Flow and pressure equipment - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Flow and pressure equipment - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Flow and pressure equipment - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Oil and gas industry - Market size and forecast 2022-2027
Exhibit 48: Chart on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Oil and gas industry - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Oil and gas industry - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Oil and gas industry - Year-over-year growth 2022-2027 (%)
7.4 Marine engineering - Market size and forecast 2022-2027
Exhibit 52: Chart on Marine engineering - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Marine engineering - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Marine engineering - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Marine engineering - Year-over-year growth 2022-2027 (%)
7.5 Exploration - Market size and forecast 2022-2027
Exhibit 56: Chart on Exploration - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Data Table on Exploration - Market size and forecast 2022-2027 ($ million)
Exhibit 58: Chart on Exploration - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Exploration - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ million)
Exhibit 61: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share by geography 2022-2027 (%)
Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Mexico - Market size and forecast 2022-2027
Exhibit 91: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Mexico - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Mexico - Year-over-year growth 2022-2027 (%)
9.10 China - Market size and forecast 2022-2027
Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 India - Market size and forecast 2022-2027
Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 107: Market opportunity by geography ($ million)
Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Atlas Copco AB
Exhibit 115: Atlas Copco AB - Overview
Exhibit 116: Atlas Copco AB - Business segments
Exhibit 117: Atlas Copco AB - Key news
Exhibit 118: Atlas Copco AB - Key offerings
Exhibit 119: Atlas Copco AB - Segment focus
12.4 BESTWAY OILFIELDS FZCO
Exhibit 120: BESTWAY OILFIELDS FZCO - Overview
Exhibit 121: BESTWAY OILFIELDS FZCO - Product / Service
Exhibit 122: BESTWAY OILFIELDS FZCO - Key offerings
12.5 Bois Equipment Rentals BV
Exhibit 123: Bois Equipment Rentals BV - Overview
Exhibit 124: Bois Equipment Rentals BV - Product / Service
Exhibit 125: Bois Equipment Rentals BV - Key offerings
12.6 China Oilfield Services Ltd.
Exhibit 126: China Oilfield Services Ltd. - Overview
Exhibit 127: China Oilfield Services Ltd. - Business segments
Exhibit 128: China Oilfield Services Ltd. - Key offerings
Exhibit 129: China Oilfield Services Ltd. - Segment focus
12.7 Ensign Energy Services Inc.
Exhibit 130: Ensign Energy Services Inc. - Overview
Exhibit 131: Ensign Energy Services Inc. - Business segments
Exhibit 132: Ensign Energy Services Inc. - Key offerings
Exhibit 133: Ensign Energy Services Inc. - Segment focus
12.8 Halliburton Co.
Exhibit 134: Halliburton Co. - Overview
Exhibit 135: Halliburton Co. - Business segments
Exhibit 136: Halliburton Co. - Key news
Exhibit 137: Halliburton Co. - Key offerings
Exhibit 138: Halliburton Co. - Segment focus
12.9 Norwegian Offshore Rental AS
Exhibit 139: Norwegian Offshore Rental AS - Overview
Exhibit 140: Norwegian Offshore Rental AS - Product / Service
Exhibit 141: Norwegian Offshore Rental AS - Key offerings
12.10 Offshore Rental and Support
Exhibit 142: Offshore Rental and Support - Overview
Exhibit 143: Offshore Rental and Support - Product / Service
Exhibit 144: Offshore Rental and Support - Key offerings
12.11 Oil States International Inc.
Exhibit 145: Oil States International Inc. - Overview
Exhibit 146: Oil States International Inc. - Business segments
Exhibit 147: Oil States International Inc. - Key offerings
Exhibit 148: Oil States International Inc. - Segment focus
12.12 Parker Drilling Co.
Exhibit 149: Parker Drilling Co. - Overview
Exhibit 150: Parker Drilling Co. - Product / Service
Exhibit 151: Parker Drilling Co. - Key offerings
12.13 Schlumberger Ltd.
Exhibit 152: Schlumberger Ltd. - Overview
Exhibit 153: Schlumberger Ltd. - Business segments
Exhibit 154: Schlumberger Ltd. - Key news
Exhibit 155: Schlumberger Ltd. - Key offerings
Exhibit 156: Schlumberger Ltd. - Segment focus
12.14 Superior Energy Services Inc.
Exhibit 157: Superior Energy Services Inc. - Overview
Exhibit 158: Superior Energy Services Inc. - Business segments
Exhibit 159: Superior Energy Services Inc. - Key offerings
Exhibit 160: Superior Energy Services Inc. - Segment focus
12.15 TechnipFMC plc
Exhibit 161: TechnipFMC plc - Overview
Exhibit 162: TechnipFMC plc - Business segments
Exhibit 163: TechnipFMC plc - Key news
Exhibit 164: TechnipFMC plc - Key offerings
Exhibit 165: TechnipFMC plc - Segment focus
12.16 Tiger Offshore Rentals
Exhibit 166: Tiger Offshore Rentals - Overview
Exhibit 167: Tiger Offshore Rentals - Product / Service
Exhibit 168: Tiger Offshore Rentals - Key offerings
12.17 Weatherford International Plc
Exhibit 169: Weatherford International Plc - Overview
Exhibit 170: Weatherford International Plc - Business segments
Exhibit 171: Weatherford International Plc - Key news
Exhibit 172: Weatherford International Plc - Key offerings
Exhibit 173: Weatherford International Plc - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 174: Inclusions checklist
Exhibit 175: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 176: Currency conversion rates for US$
13.4 Research methodology
Exhibit 177: Research methodology
Exhibit 178: Validation techniques employed for market sizing
Exhibit 179: Information sources
13.5 List of abbreviations
Exhibit 180: List of abbreviations