HOME Top Market Reports Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022

Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: EP 2686

 

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The oilfield equipment rental market is expected to be valued at USD 16.99 Billion in 2017 and is projected to be worth USD 20.55 Billion by 2022, at a CAGR of 3.87%. The oilfield equipment rental market is driven by factors such as technological advancement in oilfield equipment that has enabled the progress of non-conventional oil & gas fields, which were considered economically unviable, with techniques like horizontal drilling and ultra-deep drilling. Increase in global investments in exploration and production by key oil companies is also one of the driving forces for the market. The years considered for the study are as follows:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017 to 2022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

  • To define, describe, and forecast the global oilfield equipment rental market by equipment, application, and region
  • To provide detailed information regarding major factors influencing the growth of the oilfield equipment rental market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the oilfield equipment rental market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as contracts & agreements and partnerships and collaborations in the oilfield equipment rental market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global oilfield equipment rental market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.

  • Study of annual revenue and market developments of major players that supply oilfield equipment on rent
  • Analysis of demand for oilfield equipment rental by end-users
  • Assessment of future trends and growth of end-users in the oilfield equipment rental market
  • Assessment of the oilfield equipment rental market with respect to the type of oilfield equipment used by various end-users
  • Study of market trends in various regions and countries by application of oilfield equipment rental
  • Study of contracts & developments related to the oilfield equipment rental market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying oilfield equipment on rent across the globe

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Oilfield Equipment Rental Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The value chain starts with the identification of suitable areas to conduct exploration for oil and/or gas. After initial exploration the petroleum fields are appraised, developed, and produced. These activities are carried out with the help of oilfield equipment which includes a wide range of drilling, pressure and flow control, and fishing equipment. Equipment such as frac tanks, mud tanks, mixing tanks, and separating tanks are also used during various phases of exploration and production.

These equipment are further categorized as drill pipes, drill collars, subs, hevi-wate, BOPs, and valves by oilfield equipment rental companies. Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), and Superior Energy Services, Inc. (U.S.) are some of the leading oilfield equipment rental suppliers, which provide a complete range of equipment for onshore and offshore applications.

Oilfield Equipment Rental Market

Target Audience:

The report’s target audience includes:

  • Oilfield equipment manufacturers and suppliers
  • Government and research organizations
  • National and local government organizations
  • Institutional investors
  • Associations

Scope of the Report:

  • By Equipment
    • Drilling Equipment
      • Drill Pipes
      • Drill Collars
      • Hevi-Wate
      • Subs
      • Others
    • Pressure & Flow Control Equipment
      • BOPs
      • Valves & Manifolds
      • Others
    • Fishing Equipment
    • Other Equipment
  • By Application  
    • Onshore
    • Offshore
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region and country-specific analysis

Company Information

Detailed analyses and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Oilfield Equipment Rental Market, 2017–2022
    4.2 Oilfield Equipment Rental Market, By Region, 2016
    4.3 Oilfield Equipment Rental Market, By Equipment, 2017 & 2022

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Technological Advancements in Oilfield Equipment
                    5.2.1.2 Increase in Global Investments in Exploration & Production (E&P)
                    5.2.1.3 Increased Drilling Activity
                    5.2.1.4 Growing Unconventional Hydrocarbon Production in North America
           5.2.2 Restraints
                    5.2.2.1 Customized Demands By Drillers
                    5.2.2.2 Uncertain Regulatory Framework
                    5.2.2.3 Equipment Utilization and Cold Stacked Inventory
           5.2.3 Opportunities
                    5.2.3.1 Refracturing Activities in the U.S.
                    5.2.3.2 Emerging Offshore Opportunities
           5.2.4 Challenges
                    5.2.4.1 Success Rate of Exploration

6 Oilfield Equipment Rental Market, By Equipment (Page No. - 43)
    6.1 Introduction
    6.2 Drilling Equipment
           6.2.1 Drill Pipe
           6.2.2 Drill Collar
           6.2.3 Hevi-Wate
           6.2.4 Subs
           6.2.5 Other Drilling Equipment
    6.3 Pressure & Flow Control Equipment
           6.3.1 Blow Out Preventer (BOP)
           6.3.2 Valves & Manifolds
           6.3.3 Other Pressure & Flow Control Equipment
    6.4 Fishing Equipment
    6.5 Other Oilfield Equipment Rental Market

7 Oilfield Equipment Rental Market, By Application (Page No. - 58)
    7.1 Introduction
    7.2 Onshore
    7.3 Offshore

8 Oilfield Equipment Rental Market, By Region (Page No. - 62)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 By Equipment
           8.2.2 By Application
                    8.2.2.1 By Country
                               8.2.2.1.1 China
                               8.2.2.1.2 India
                               8.2.2.1.3 Indonesia
                               8.2.2.1.4 Australia
                               8.2.2.1.5 Rest of Asia-Pacific
    8.3 Europe
           8.3.1 By Equipment
           8.3.2 By Application
                    8.3.2.1 By Country
                               8.3.2.1.1 Russia
                               8.3.2.1.2 Norway
                               8.3.2.1.3 Kazakhstan
                               8.3.2.1.4 U.K.
                               8.3.2.1.5 Rest of Europe
    8.4 North America
           8.4.1 By Equipment
           8.4.2 By Application
                    8.4.2.1 By Country
                               8.4.2.1.1 U.S.
                               8.4.2.1.2 Canada
                               8.4.2.1.3 Mexico
    8.5 Middle East
           8.5.1 By Equipment
           8.5.2 By Application
                    8.5.2.1 By Country
                               8.5.2.1.1 Saudi Arabia
                               8.5.2.1.2 Iran
                               8.5.2.1.3 Qatar
                               8.5.2.1.4 Rest of the Middle East
    8.6 Africa
           8.6.1 By Equipment
           8.6.2 By Application
           8.6.3 By Country
                    8.6.3.1 Angola
                    8.6.3.2 Egypt
                    8.6.3.3 Nigeria
                    8.6.3.4 Rest of Africa
    8.7 South America
           8.7.1 By Equipment
           8.7.2 By Application
           8.7.3 By Country
           8.7.4 Brazil
                    8.7.4.1 Venezuela
                    8.7.4.2 Rest of South America

9 Competitive Landscape (Page No. - 104)
    9.1 Overview
    9.2 Key Players of the Oilfield Equipment Rental Market
           9.2.1 Key Company Focus Area
                    9.2.1.1 Growth Strategies in the Oilfield Equipment Rental Market
    9.3 Market Share Analysis
           9.3.1 Global Market Scenario
    9.4 Competitive Situations & Trends
    9.5 Vendor Dive Overview
           9.5.1 Vanguards
           9.5.2 Dynamic
           9.5.3 Innovators
           9.5.4 Emerging
    9.6 Analysis of the Product Portfolio of Major Players in the Oilfield Equipment Rental Market (25 Companies)
    9.7 Business Strategy Adopted By Major Players in the Oilfield Equipment Rental Market (25 Companies)

10 Company Profiles (Page No. - 112)
     10.1 Schlumberger Limited
     10.2 Halliburton Company
     10.3 Superior Energy Services, Inc.
     10.4 Oil States International, Inc.
     10.5 Technipfmc, PLC
     10.6 Weatherford International, PLC
     10.7 Parker Drilling Company
     10.8 Seventy Seven Energy, Inc.
     10.9 Basic Energy Services, Inc.
     10.10 Key Energy Services, Inc.
     10.11 John Energy, Ltd.
     10.12 Circle T Service & Rental, Ltd.
     10.13 Ensign Energy Services, Inc.
     10.14 Bestway Oilfields
     10.15 Kit Oil & Gas

11 Appendix (Page No. - 165)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (67 Tables)

Table 1 Global Oilfield Equipment Rental Snapshot
Table 2 Worldwide Exploration & Production Spending By Region (USD Billion)
Table 3 World Energy Consumption By Country, 2012–2040 (Quadrillion Btu)
Table 4 Demand Outlook, Floaters, and Jackups 2013–2020
Table 5 Oilfield Equipment Rental Market Analysis: By Equipment
Table 6 Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 7 Drilling Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 8 Drill Pipe Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 9 Drill Collar Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 10 Hevi-Wate Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 11 Subs Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 12 Other Drilling Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 13 Pressure & Flow Control Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 14 Blow Out Preventer Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 15 Valves & Manifolds Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 16 Other Pressure & Flow Control Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 17 Fishing Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 18 Other Equipment Rental Market, By Region 2015–2022 (USD Million)
Table 19 Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 20 Onshore Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 21 Offshore Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 22 Oilfield Equipment Rental Market Size, By Region, 2015–2022 (USD Million)
Table 23 Asia-Pacific: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 24 Asia-Pacific: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 25 Asia-Pacific: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 26 China: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 27 India: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 28 Indonesia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 29 Australia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 30 Rest of Asia-Pacific: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 31 Europe: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 32 Europe: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 33 Europe: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 34 Russia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 35 Norway: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 36 Kazakhstan: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 37 U.K.: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 38 Rest of Europe: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 39 North America: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 40 North America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 41 North America: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 42 U.S.: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 43 Canada: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 44 Mexico: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 45 Middle East Exploration and Production Spending, (USD Million)
Table 46 Middle East: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 47 Middle East: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 48 Middle East: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 49 Saudi Arabia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 50 Contracts Awarded, Head of Agreements, and Memorandum of Understanding, 2016–2017
Table 51 Iran: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 52 Qatar: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 53 Rest of the Middle East: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 54 Africa: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 55 Africa: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 56 Africa: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 57 Angola: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 58 Egypt: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 59 Nigeria: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 60 Rest of Africa: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 61 South America: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 62 South America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 63 South America: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 64 Brazil: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 65 Venezuela: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 66 Rest of South America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 67 Market Ranking, 2016


List of Figures (52 Figures)

Figure 1 Markets Covered: Oilfield Equipment Rental Market
Figure 2 Oilfield Equipment Rental Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 North America Dominated the Oilfield Equipment Rental Market in 2016
Figure 8 Drilling Equipment Segment is Expected to Dominate the Oilfield Equipment Rental Market During the Forecast Period
Figure 9 Oilfield Equipment Rental Market: Application Snapshot
Figure 10 Technological Advancement in Oilfield Equipment Expected to Drive the Oilfield Equipment Rental Market During the Forecast Period
Figure 11 North America is Also Expected to Grow at A Fast Pace During the Forecast Period
Figure 12 Onshore Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 13 Drilling Equipment Segment is Estimated to Dominate the Oilfield Equipment Rental Market Till the Forecast Period
Figure 14 Market Dynamics: Oilfield Equipment Rental Market
Figure 15 Upstream Investment Plans (USD Billion) By Oil Producing and Exporting Countries (OPEC)
Figure 16 Russian Horizontal Drilling Activity, 2010–2016 (Km/D)
Figure 17 Drilling Segment is Expected to Hold the Maximum Share of the Oilfield Equipment Rental Market From 2017 to 2022
Figure 18 Rental Equipment Supplies By Well Stages & Category of Equipment
Figure 19 Oilfield Equipment Rental Market, By Equipment, 2017 & 2022
Figure 20 Pressure & Flow Control Rental Market, By Region, 2017 & 2022
Figure 21 Fishing Equipment Rental Market, By Region, 2017 & 2022
Figure 22 Onshore Equipment Rental Market Dominates the Oilfield Equipment Rental Market, By Application, During the Forecast Period
Figure 23 Onshore Oilfield Equipment Rental Market, By Region, 2017 & 2022
Figure 24 Regional Snapshot: North America Expected to Dominate the Oilfield Equipment Rental Market Till 2022
Figure 25 North America: the Largest & Fastest Growing Oilfield Equipment Rental Market Till 2022
Figure 26 China: the Largest Market for Oilfield Equipment Rental Market During the Forecast Period
Figure 27 Onshore and Offshore Exploration & Development Drilling Activities, 2016
Figure 28 Russia: the Largest Oilfield Equipment Rental Market During the Forecast Period
Figure 29 Production History and Forecast Distributed Per Resource Category, 2010–2030
Figure 30 U.K. Continental Shelf (UKCS) Exploration and Appraisal Well Count, 2014–2018
Figure 31 North America Rig Count By Area, 2017
Figure 32 Capital Expenditure for Oil Companies, 2016–2017
Figure 33 North America Oilfield Equipment Rental Market: Regional Snapshot
Figure 34 Oil & Gas Production in Permian Region, 2010–2017
Figure 35 Middle East Oilfield Equipment Rental Market: Regional Snapshot
Figure 36 Nigeria: the Largest Market for Oilfield Equipment Rental Market During the Forecast Period
Figure 37 Natural Gas Demand in South America, 2000–2030
Figure 38 Brazil: the Largest Market for Oilfield Equipment Rental Market During the Forecast Period
Figure 39 Companies Adopted Mergers & Acquistions and Investments & Contracts & Agreements Were Key Strategies to Capture the Market, 2014–2017
Figure 40 Mergers & Acquisitions is the Most Adopted Startegy During the Forecast Period
Figure 41 Market Evaluation Framework: Mergers & Acquisitions Have Fueled the Growth of Companies, 2014–2016
Figure 42 Vendor Dive Matrix
Figure 43 Schlumberger Limited: Company Snapshot
Figure 44 Halliburton Company: Company Snapshot
Figure 45 Superior Energy Services, Inc.: Company Snapshot
Figure 46 Oil States International, Inc.: Company Snapshot
Figure 47 Weatherford International, PLC.: Company Snapshot
Figure 48 Parker Drilling Company: Company Snapshot
Figure 49 Seventy Seven Energy, Inc.: Company Snapshot
Figure 50 Basic Energy Services, Inc.: Company Snapshot
Figure 51 Key Energy Services, Inc.: Company Snapshot
Figure 52 Ensign Energy Services, Inc.: Company Snapshot

The global oilfield equipment rental market is projected to grow at a CAGR of 3.87% from 2017 to 2022, to reach a market size of USD 20.55 Billion by 2022. Increasing technological advancements in oilfield equipment, rising global investments in Exploration & Production (E&P), growing drilling activity, and increasing unconventional hydrocarbon production in North America would drive the oilfield equipment rental market in the forecast period.

The report segments the oilfield equipment rental market based on equipment into drilling equipment, pressure & flow control equipment, fishing equipment, and other equipment. Drilling equipment dominated the equipment segment due to rise in drilling activities in North America, the Middle East, and Africa to meet the energy demand. This considerable increase in the drilling activity is expected to create demand for associated drilling equipment such as drill bits, drill pipe, and casings.

Based on application, oilfield equipment rental market is segmented into onshore and offshore segments. Onshore is the largest segment for the oilfield equipment rental market. The presence of huge onshore shale reserves in the U.S. and Australia, is likely to boost the demand for onshore oilfields.

In this report, the oilfield equipment rental market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. North America is expected to dominate the global oilfield equipment rental market during the forecast period, because of increasing shale players in the U.S.

Oilfield Equipment Rental Market

Customized demands by drillers and uncertain regulatory framework is expected to slow down the demand for the oilfield equipment rental market during the forecast period. However, the oilfield rental equipment market has potential in refracturing activities in the U.S. and emerging offshore opportunities. Some of the leading players in the oilfield equipment rental market includes Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), Oil States International, Inc. (U.S.), and Parker Drilling Company (U.S.) among others. Mergers & acquisitions and contracts & agreements were the most adopted strategies by players to ensure their dominance in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Consult Problem Statement : Client engaged MnM to understand current & futuristic market scenario for North American Oilfield Equipment Rental industry. The key objective was to understand the product and service offerings of Irongate Energy services in detail and develop a market penetration, market development and product development strategy for the company in North American market.

Solution Provided:

1. Methodology Adopted by MnM:

MnM carried out this study through a combination....

1. Methodology Adopted by MnM:

MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders across the value chain within target geographies. Both, top-down and bottom-up approaches were used to cover key sources of primary information that included oilfield rental solution providers in North American market from supplier side and oilfield service providers, drilling contractors, E&P companies and other end-users from demand side, and other industry experts. By conducting detailed and informative primary discussions within these respondent categories across various functions, MnM analyzed current & forecast quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target rental equipment categories. In total, MnM conducted 50 primary discussions, of which 35 were within the supply side, while balance 15 spanned across covering end-use segments and other industry experts.

2. Actual Solution Provided:

MnM analyzed and provided its client with insights pertaining to current & forecast market potential for oilfield equipment rental in North American market. MnM provided valuable insights regarding market penetration, market development and product development strategy for Irongate Services in regards with its products and service portfolio. MnM also developed valuable information for client to help understand different attractive oilfield rental equipment across various oil & gas basins and the associated competitive scenario for target rental products.

Value Delivered:

Through the detailed outcome of the study, MnM’s client was able to assess attractive markets, customer segments for various oilfield rental equipment provided by Irongate Energy Services. MnM also identified prospect oilfield rental equipment that Irongate Energy Services could compliment with its existing portfolio to gain market value. MnM also provided market insights for various oil & gas basins and competitive landscape for the industry.

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