Global Horizontal Directional Drilling Market 2022-2026

Description

Technavio has been monitoring the horizontal directional drilling market and it is poised to grow by $ 3.28 bn during 2022-2026, progressing at a CAGR of 7.96% during the forecast period. Our report on the horizontal directional drilling 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising unconventional drilling activities, growing consumption of oil and gas, and drilling activities in remote areas. In addition, rising unconventional drilling activities is anticipated to boost the growth of the market as well.

The horizontal directional drilling market analysis includes the application segment and geographic landscape.

Technavio's horizontal directional drilling market is segmented as below:

By Application

Onshore
Offshore

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the automation in horizontal directional drilling technique as one of the prime reasons driving the horizontal directional drilling market growth during the next few years. Also, innovations in rotary steerable systems and increase in production efficiency of oilfields using big data analytics will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on horizontal directional drilling market covers the following areas:

Horizontal directional drilling market sizing
Horizontal directional drilling market forecast
Horizontal directional drilling 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 horizontal directional drilling market vendors that include APS Technology Inc., Baker Hughes Co., Barbco Inc., China Oilfield Services Ltd., Cathedral Energy Services Ltd., Compass Directional Services Ltd., Halliburton Co., Helmerich and Payne Inc., Huisman Equipment BV, Koltek LLC, Millennium Directional Service Ltd., MS Directional, Nabors Industries Ltd., National Energy Services Reunited Corp., NOV Inc., PHX Energy Services Corp., Precision HDD LLC, Schlumberger Ltd., Scientific Drilling International, and Weatherford International Plc. Also, the horizontal directional drilling 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.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72305

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 Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Onshore - Market size and forecast 2021-2026
Exhibit 28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
5.4 Offshore - Market size and forecast 2021-2026
Exhibit 32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 APAC - Market size and forecast 2021-2026
Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 Russia - Market size and forecast 2021-2026
Exhibit 70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
7.11 Canada - Market size and forecast 2021-2026
Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.12 India - Market size and forecast 2021-2026
Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Baker Hughes Co.
Exhibit 89: Baker Hughes Co. - Overview
Exhibit 90: Baker Hughes Co. - Business segments
Exhibit 91: Baker Hughes Co. - Key news
Exhibit 92: Baker Hughes Co. - Key offerings
Exhibit 93: Baker Hughes Co. - Segment focus
10.4 Barbco Inc.
Exhibit 94: Barbco Inc. - Overview
Exhibit 95: Barbco Inc. - Product / Service
Exhibit 96: Barbco Inc. - Key offerings
10.5 Halliburton Co.
Exhibit 97: Halliburton Co. - Overview
Exhibit 98: Halliburton Co. - Business segments
Exhibit 99: Halliburton Co. - Key news
Exhibit 100: Halliburton Co. - Key offerings
Exhibit 101: Halliburton Co. - Segment focus
10.6 Helmerich and Payne Inc.
Exhibit 102: Helmerich and Payne Inc. - Overview
Exhibit 103: Helmerich and Payne Inc. - Business segments
Exhibit 104: Helmerich and Payne Inc. - Key offerings
Exhibit 105: Helmerich and Payne Inc. - Segment focus
10.7 Huisman Equipment BV
Exhibit 106: Huisman Equipment BV - Overview
Exhibit 107: Huisman Equipment BV - Product / Service
Exhibit 108: Huisman Equipment BV - Key offerings
10.8 Koltek LLC
Exhibit 109: Koltek LLC - Overview
Exhibit 110: Koltek LLC - Product / Service
Exhibit 111: Koltek LLC - Key offerings
10.9 Nabors Industries Ltd.
Exhibit 112: Nabors Industries Ltd. - Overview
Exhibit 113: Nabors Industries Ltd. - Business segments
Exhibit 114: Nabors Industries Ltd. - Key news
Exhibit 115: Nabors Industries Ltd. - Key offerings
Exhibit 116: Nabors Industries Ltd. - Segment focus
10.10 Schlumberger Ltd.
Exhibit 117: Schlumberger Ltd. - Overview
Exhibit 118: Schlumberger Ltd. - Business segments
Exhibit 119: Schlumberger Ltd. - Key offerings
Exhibit 120: Schlumberger Ltd. - Segment focus
10.11 Scientific Drilling International
Exhibit 121: Scientific Drilling International - Overview
Exhibit 122: Scientific Drilling International - Product / Service
Exhibit 123: Scientific Drilling International - Key offerings
10.12 Weatherford International Plc
Exhibit 124: Weatherford International Plc - Overview
Exhibit 125: Weatherford International Plc - Business segments
Exhibit 126: Weatherford International Plc - Key offerings
Exhibit 127: Weatherford International Plc - Segment focus

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 128: Inclusions checklist
11.3 Currency conversion rates for US$
Exhibit 129: Currency conversion rates for US$
11.4 Research methodology
Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources
11.5 List of abbreviations
Exhibit 133: List of abbreviations

Exhibits

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Application
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Vendor Market Positioning
Exhibits9: Parent market
Exhibits10: Market Characteristics
Exhibits11: Offerings of vendors included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits17: Five forces analysis - Comparison between 2021 and 2026
Exhibits18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
Exhibits19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits23: Chart on Market condition - Five forces 2021 and 2026
Exhibits24: Chart on Application - Market share 2021-2026 (%)
Exhibits25: Data Table on Application - Market share 2021-2026 (%)
Exhibits26: Chart on Comparison by Application
Exhibits27: Data Table on Comparison by Application
Exhibits28: Chart on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibits29: Data Table on Onshore - Market size and forecast 2021-2026 ($ million)
Exhibits30: Chart on Onshore - Year-over-year growth 2021-2026 (%)
Exhibits31: Data Table on Onshore - Year-over-year growth 2021-2026 (%)
Exhibits32: Chart on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibits33: Data Table on Offshore - Market size and forecast 2021-2026 ($ million)
Exhibits34: Chart on Offshore - Year-over-year growth 2021-2026 (%)
Exhibits35: Data Table on Offshore - Year-over-year growth 2021-2026 (%)
Exhibits36: Market opportunity by Application ($ million)
Exhibits37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits40: Chart on Geographic comparison
Exhibits41: Data Table on Geographic comparison
Exhibits42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits65: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits69: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits70: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits71: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits72: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibits73: Data Table on Russia - Year-over-year growth 2021-2026 (%)
Exhibits74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibits77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
Exhibits78: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits79: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits80: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits81: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits82: Market opportunity By Geographical Landscape ($ million)
Exhibits83: Impact of drivers and challenges in 2021 and 2026
Exhibits84: Overview on Criticality of inputs and Factors of differentiation
Exhibits85: Overview on factors of disruption
Exhibits86: Impact of key risks on business
Exhibits87: Vendors covered
Exhibits88: Matrix on vendor position and classification
Exhibits89: Baker Hughes Co. - Overview
Exhibits90: Baker Hughes Co. - Business segments
Exhibits91: Baker Hughes Co. - Key news
Exhibits92: Baker Hughes Co. - Key offerings
Exhibits93: Baker Hughes Co. - Segment focus
Exhibits94: Barbco Inc. - Overview
Exhibits95: Barbco Inc. - Product / Service
Exhibits96: Barbco Inc. - Key offerings
Exhibits97: Halliburton Co. - Overview
Exhibits98: Halliburton Co. - Business segments
Exhibits99: Halliburton Co. - Key news
Exhibits100: Halliburton Co. - Key offerings
Exhibits101: Halliburton Co. - Segment focus
Exhibits102: Helmerich and Payne Inc. - Overview
Exhibits103: Helmerich and Payne Inc. - Business segments
Exhibits104: Helmerich and Payne Inc. - Key offerings
Exhibits105: Helmerich and Payne Inc. - Segment focus
Exhibits106: Huisman Equipment BV - Overview
Exhibits107: Huisman Equipment BV - Product / Service
Exhibits108: Huisman Equipment BV - Key offerings
Exhibits109: Koltek LLC - Overview
Exhibits110: Koltek LLC - Product / Service
Exhibits111: Koltek LLC - Key offerings
Exhibits112: Nabors Industries Ltd. - Overview
Exhibits113: Nabors Industries Ltd. - Business segments
Exhibits114: Nabors Industries Ltd. - Key news
Exhibits115: Nabors Industries Ltd. - Key offerings
Exhibits116: Nabors Industries Ltd. - Segment focus
Exhibits117: Schlumberger Ltd. - Overview
Exhibits118: Schlumberger Ltd. - Business segments
Exhibits119: Schlumberger Ltd. - Key offerings
Exhibits120: Schlumberger Ltd. - Segment focus
Exhibits121: Scientific Drilling International - Overview
Exhibits122: Scientific Drilling International - Product / Service
Exhibits123: Scientific Drilling International - Key offerings
Exhibits124: Weatherford International Plc - Overview
Exhibits125: Weatherford International Plc - Business segments
Exhibits126: Weatherford International Plc - Key offerings
Exhibits127: Weatherford International Plc - Segment focus
Exhibits128: Inclusions checklist
Exhibits129: Currency conversion rates for US$
Exhibits130: Research methodology
Exhibits131: Validation techniques employed for market sizing
Exhibits132: Information sources
Exhibits133: List of abbreviations