Oil and Gas Fishing Market Size and Forecast 2021-2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product, Application, and Geography

Description

List of Tables

The oil and gas fishing market size is expected to reach US$ 4,355.06 million by 2031 from US$ 2,968.72 million in 2024. The market is estimated to register a CAGR of 5.7% during 2025-2031. The integration of automation is likely to bring new trends to the market in the coming years.

Rising Global Energy Demand is Driving the Oil and Gas Fishing Market Growth

The demand for energy is rising steadily due to population growth, urban development, industrial expansion, and the increasing use of energy in transportation, manufacturing, and households. According to the latest edition of the International Energy Agency (IEA) Global Energy Review, global energy demand increased by 2.2% in 2024-significantly higher than the average annual increase of 1.3% recorded between 2013 and 2023. While this growth was slightly lower than the global GDP growth of 3.2%, it still reflects a robust increase in energy use. Notably, over 80% of this rise in demand came from emerging and developing economies, highlighting the expanding energy needs of fast-growing markets.

As economies grow and energy consumption continues to rise, oil and gas companies are under pressure to increase production to meet this demand. This growing energy requirement has consequently accelerated upstream activities, particularly drilling and well intervention operations aimed at maximizing resource extraction from both conventional and unconventional reserves. According to a recent report by the International Energy Forum and S&P Global Commodity Insights, annual upstream oil and gas capital expenditures will rise by 22% by 2030 to ensure adequate supplies, driven by both increasing demand and cost inflation. This estimated rise in upstream investment reflects a clear trend of industry expansion to secure future energy availability. However, with more drilling and well intervention operations taking place, the chances of operational issues-such as stuck pipes, lost equipment, or blockages in the wellbore-also increase. This is where fishing services have become critical. Oil and gas fishing involves retrieving lost, damaged, or stuck equipment from wells to restore operations. Without these services, companies can face costly delays and increased non-productive time (NPT). As upstream activity grows, the demand for reliable and efficient fishing tools and services is also rising. Thus, rising global energy demand is acting as a primary catalyst in reinforcing the relevance and expansion of the oil and gas fishing market.

Baker Hughes Co, SLB, Halliburton Co, NOV Inc, Weatherford International Plc, Archer Ltd, Superior Energy Services Inc, MB Petroleum Services LLC, SGS SA, and Yulin Machinery Corporation are among the key players profiled in the oil and gas fishing market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The oil and gas fishing market forecast can help stakeholders plan their growth strategies. The analysis provides detailed market insights, which help the key players strategize their growth.

Product Code: TIPRE00040949

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Assumptions and Limitations

4. Oil and Gas Fishing Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
4.4 Import Export Analysis, 2023 (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.1 Import Export Analysis, 2023 - Boring or Sinking Machinery (843041), (Trade Value: US$ Thousand), (Quantity Unit: Item)
- 4.4.2 Import Export Analysis, 2023 - Parts of Boring or Sinking Machinery (843143), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.3 Import Export Analysis, 2023 - Casings (730520), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.4 Import Export Analysis, 2023 - Casings, Tubing & Drill Pipe (730420), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.5 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Nas, Welded (730630), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.6 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Iron or Steel (730690), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
- 4.4.7 Import Export Analysis, 2023 - Tubes, Pipe & Hollow Profiles, Welded, (730660), (Trade Value: US$ Thousand), (Quantity Unit: Tonne)
4.5 ESG Outlook

5. Oil and Gas Fishing Market - Key Market Dynamics

5.1 Oil and Gas Fishing Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Global Energy Demand
- 5.2.2 Expansion of Deepwater Drilling
- 5.2.3 Government Initiatives
5.3 Market Restraints
- 5.3.1 Lack of Skilled Labors in Fishing Services
- 5.3.2 Competition from Renewable Energy
5.4 Market Opportunities
- 5.4.1 Rising Exports of Crude Oil
- 5.4.2 Growing Awareness for Sustainability in the Oil & Gas Sector
5.5 Future Trends
- 5.5.1 Integration of Automation
5.6 Impact of Drivers and Restraints:

6. Oil and Gas Fishing Market - Global Market Analysis

6.1 Oil and Gas Fishing Market Revenue (US$ Million), 2021-2031
6.2 Oil and Gas Fishing Market Forecast Analysis

7. Oil and Gas Fishing Market Analysis - by Product

7.1 Casing Cutters
- 7.1.1 Overview
- 7.1.2 Casing Cutters: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Milling Tools
- 7.2.1 Overview
- 7.2.2 Milling Tools: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Overhead and Spears
- 7.3.1 Overview
- 7.3.2 Overhead and Spears: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)
7.4 Fishing Jars
- 7.4.1 Overview
- 7.4.2 Fishing Jars: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)

8. Oil and Gas Fishing Market Analysis - by Application

8.1 Onshore
- 8.1.1 Overview
- 8.1.2 Onshore: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Offshore
- 8.2.1 Overview
- 8.2.2 Offshore: Oil and Gas Fishing Market - Revenue and Forecast to 2031 (US$ Million)

9. Oil and Gas Fishing Market - Geographical Analysis

9.1 Overview
9.2 North America
- 9.2.1 North America Oil and Gas Fishing Market Overview
- 9.2.2 North America: Oil and Gas Fishing Market - Revenue, 2021-2031 (US$ Million)
- 9.2.3 North America: Oil and Gas Fishing Market Breakdown, by Product
  - 9.2.3.1 North America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Product
- 9.2.4 North America: Oil and Gas Fishing Market Breakdown, by Application
  - 9.2.4.1 North America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Application
- 9.2.5 North America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.1 North America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.2.5.2 United States: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.2.1 United States: Oil and Gas Fishing Market Breakdown, by Product
    - 9.2.5.2.2 United States: Oil and Gas Fishing Market Breakdown, by Application
  - 9.2.5.3 Canada: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.3.1 Canada: Oil and Gas Fishing Market Breakdown, by Product
    - 9.2.5.3.2 Canada: Oil and Gas Fishing Market Breakdown, by Application
  - 9.2.5.4 Mexico: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.2.5.4.1 Mexico: Oil and Gas Fishing Market Breakdown, by Product
    - 9.2.5.4.2 Mexico: Oil and Gas Fishing Market Breakdown, by Application
9.3 Europe
- 9.3.1 Europe Oil and Gas Fishing Market Overview
- 9.3.2 Europe: Oil and Gas Fishing Market - Revenue, 2021-2031 (US$ Million)
- 9.3.3 Europe: Oil and Gas Fishing Market Breakdown, by Product
  - 9.3.3.1 Europe: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Product
- 9.3.4 Europe: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.4.1 Europe: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Application
- 9.3.5 Europe: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.1 Europe: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.3.5.2 Germany: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.2.1 Germany: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.2.2 Germany: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.5.3 France: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.3.1 France: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.3.2 France: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.5.4 Italy: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.4.1 Italy: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.4.2 Italy: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.5.5 United Kingdom: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.5.1 United Kingdom: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.5.2 United Kingdom: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.5.6 Russia: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.6.1 Russia: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.6.2 Russia: Oil and Gas Fishing Market Breakdown, by Application
  - 9.3.5.7 Rest of Europe: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.3.5.7.1 Rest of Europe: Oil and Gas Fishing Market Breakdown, by Product
    - 9.3.5.7.2 Rest of Europe: Oil and Gas Fishing Market Breakdown, by Application
9.4 Asia Pacific
- 9.4.1 Asia Pacific Oil and Gas Fishing Market Overview
- 9.4.2 Asia Pacific: Oil and Gas Fishing Market - Revenue, 2021-2031 (US$ Million)
- 9.4.3 Asia Pacific: Oil and Gas Fishing Market Breakdown, by Product
  - 9.4.3.1 Asia Pacific: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Product
- 9.4.4 Asia Pacific: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.4.1 Asia Pacific: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Application
- 9.4.5 Asia Pacific: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.1 Asia Pacific: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.4.5.2 Australia: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.2.1 Australia: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.2.2 Australia: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.5.3 China: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.3.1 China: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.3.2 China: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.5.4 India: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.4.1 India: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.4.2 India: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.5.5 Japan: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.5.1 Japan: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.5.2 Japan: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.5.6 Indonesia: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.6.1 Indonesia: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.6.2 Indonesia: Oil and Gas Fishing Market Breakdown, by Application
  - 9.4.5.7 Rest of APAC: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.4.5.7.1 Rest of APAC: Oil and Gas Fishing Market Breakdown, by Product
    - 9.4.5.7.2 Rest of APAC: Oil and Gas Fishing Market Breakdown, by Application
9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Oil and Gas Fishing Market Overview
- 9.5.2 Middle East and Africa: Oil and Gas Fishing Market - Revenue, 2021-2031 (US$ Million)
- 9.5.3 Middle East and Africa: Oil and Gas Fishing Market Breakdown, by Product
  - 9.5.3.1 Middle East and Africa: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Product
- 9.5.4 Middle East and Africa: Oil and Gas Fishing Market Breakdown, by Application
  - 9.5.4.1 Middle East and Africa: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Application
- 9.5.5 Middle East and Africa: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.1 Middle East and Africa: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.5.5.2 South Africa: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.2.1 South Africa: Oil and Gas Fishing Market Breakdown, by Product
    - 9.5.5.2.2 South Africa: Oil and Gas Fishing Market Breakdown, by Application
  - 9.5.5.3 Saudi Arabia: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.3.1 Saudi Arabia: Oil and Gas Fishing Market Breakdown, by Product
    - 9.5.5.3.2 Saudi Arabia: Oil and Gas Fishing Market Breakdown, by Application
  - 9.5.5.4 United Arab Emirates: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.4.1 United Arab Emirates: Oil and Gas Fishing Market Breakdown, by Product
    - 9.5.5.4.2 United Arab Emirates: Oil and Gas Fishing Market Breakdown, by Application
  - 9.5.5.5 Rest of Middle East and Africa: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.5.5.5.1 Rest of Middle East and Africa: Oil and Gas Fishing Market Breakdown, by Product
    - 9.5.5.5.2 Rest of Middle East and Africa: Oil and Gas Fishing Market Breakdown, by Application
9.6 South and Central America
- 9.6.1 South and Central America Oil and Gas Fishing Market Overview
- 9.6.2 South and Central America: Oil and Gas Fishing Market - Revenue, 2021-2031 (US$ Million)
- 9.6.3 South and Central America: Oil and Gas Fishing Market Breakdown, by Product
  - 9.6.3.1 South and Central America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Product
- 9.6.4 South and Central America: Oil and Gas Fishing Market Breakdown, by Application
  - 9.6.4.1 South and Central America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Application
- 9.6.5 South and Central America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.1 South and Central America: Oil and Gas Fishing Market - Revenue and Forecast Analysis - by Country
  - 9.6.5.2 Brazil: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.2.1 Brazil: Oil and Gas Fishing Market Breakdown, by Product
    - 9.6.5.2.2 Brazil: Oil and Gas Fishing Market Breakdown, by Application
  - 9.6.5.3 Argentina: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.3.1 Argentina: Oil and Gas Fishing Market Breakdown, by Product
    - 9.6.5.3.2 Argentina: Oil and Gas Fishing Market Breakdown, by Application
  - 9.6.5.4 Rest of South and Central America: Oil and Gas Fishing Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 9.6.5.4.1 Rest of South and Central America: Oil and Gas Fishing Market Breakdown, by Product
    - 9.6.5.4.2 Rest of South and Central America: Oil and Gas Fishing Market Breakdown, by Application

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Market Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 Baker Hughes Co
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 SLB
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Halliburton Co
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 NOV Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
12.5 Weatherford International Plc
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Archer Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Superior Energy Services Inc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 MB Petroleum Services LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
12.9 SGS SA
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
12.10 Yulin Machinery Corporation
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis

13. Appendix

13.1 About The Insight Partners