The report "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", The oilfield equipment rental market is expected to grow from an estimated USD 16.99 Billion in 2017 to USD 20.55 Billion by 2022, at a CAGR of 3.87%. The global oilfield equipment rental market is set to witness growth, due to technological advancement in oilfield equipment and increase in global investments in exploration and production.
Browse 66 market data Tables and 81 Figures spread through 182 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.
The drilling equipment is expected to hold the largest share of the oilfield equipment rental market, by equipment, during the forecast period
The drilling segment dominated the oilfield equipment rental market during the forecast period. Extensive shale mining is being carried out in North America and technological advancement in the drilling equipment used in such unconventional shale reserves is expected to drive the drilling equipment segment.
Onshore is the largest segment in the oilfield equipment rental market
With regard to the application segment, onshore segment in the oilfield equipment rental market is expected to be the largest market in 2017. Rising demand for rental equipment from China, Southeast Asia, and the Middle East would drive the onshore segment. The presence of huge onshore shale reserves in the U.S. and Australia, is likely to boost the demand for onshore oilfields.
North America: The leading market for oilfield equipment rental
North America is expected to dominate the global oilfield equipment rental market, given growing unconventional hydrocarbon production in the region. The region is the new swing producer in global oil markets owing to the boom in production from both shale operations and deepwater exploration and production in the Gulf of Mexico. Exploration and production activities in the region are also expected to gain momentum with increased capital spending by major oil companies. All these factors are expected to drive the North American oilfield equipment rental market.
To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the oilfield equipment rental market. These players include Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), Oil States International, Inc. (U.S.), Parker Drilling Company (U.S.), Bestway Oilfields (U.S.), Certified Oilfield Rentals, LLC (U.A.E.), Circle T Service & Rental, Ltd. (Canada), Ensign Energy Services, Inc. (Canada), John Energy, Ltd. (India), Key Energy Services (U.S.), Seventy Seven Energy, Inc. (U.S.), KIT Oil & Gas (U.A.E.), Black Diamond Group (Canada), Savanna Energy Corporation (Canada), TechnipFMC, PLC (U.K.), Amik Oilfields Equipment & Rentals (Canada), Basic Energy Services (U.S.), Bois Equipment Rentals BV (Netherlands), Harpoon Energy (Canada), Heat Oilfield, Ltd. (Canada), Precision Drilling Corporation (Canada), Stallion oilfield Holdings, Inc. (U.S.), and Wrangler Rentals (Canada) among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA : 1-888-600-6441