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Offshore Drilling Rigs Market 2025-2029- Product Image
Offshore Drilling Rigs Market 2025-2029- Product Image
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Offshore Drilling Rigs Market 2025-2029

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    Report

  • 217 Pages
  • June 2025
  • Region: Global
  • TechNavio
  • ID: 5116136
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The offshore drilling rigs market is forecasted to grow by USD 23.75 billion during 2024-2029, accelerating at a CAGR of 6.3% during the forecast period. The report on the offshore drilling rigs 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 rising investments in upstream oil and gas sector, high potential of offshore marginal fields, and new oil and gas exploration policies.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The offshore drilling rigs market is segmented as below:

By Type

  • Bottom supported rigs
  • Floating rigs

By Application

  • Shallow water
  • Deepwater
  • Ultra-deepwater

By Product

  • Jackups
  • Drillships
  • Semisubmersibles

By Geographical Landscape

  • North America
  • Middle East and Africa
  • APAC
  • Europe
  • South America
This study identifies the discovery of new oil and gas resources as one of the prime reasons driving the offshore drilling rigs market growth during the next few years. Also, technological advances in mobile offshore drilling units (MODUs) and rise in deepwater and ultra-deepwater e and p activities will lead to sizable demand in the market.

The report on the offshore drilling rigs market covers the following areas:

  • Offshore Drilling Rigs Market sizing
  • Offshore Drilling Rigs Market forecast
  • Offshore Drilling Rigs Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore drilling rigs market vendors that include Archer Ltd., China Oilfield Services Ltd., Diamond Offshore Drilling Inc., Helmerich and Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, NOV Inc., Parker Drilling Co., Patterson UTI Energy Inc., PR Marriott Drilling Ltd., Precision Drilling Corp., Saipem S.p.A., Schlumberger Ltd., Seadrill Ltd., Stena AB, Transocean Ltd., Valaris Ltd., and Weatherford International Plc. Also, the offshore drilling rigs 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 report 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 primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market By Geographical Landscape
  • Executive Summary - Chart on Market Segmentation by Type
  • Executive Summary - Chart on Market Segmentation by Application
  • Executive Summary - Chart on Market Segmentation by Product
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
  • Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
  • Overview on factors of disruption
2.4 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
3.2 Market characteristics
  • Market characteristics analysis
3.3 Value chain analysis
  • Value chain analysis
4 Market Sizing
4.1 Market definition
  • Offerings of companies included in the market definition
4.2 Market segment analysis
  • Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
  • Chart on Global - Market size and forecast 2024-2029 ($ million)
  • Data Table on Global - Market size and forecast 2024-2029 ($ million)
  • Chart on Global Market: Year-over-year growth 2024-2029 (%)
  • Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Offshore Drilling Rigs Market 2019 - 2023
  • Historic Market Size - Data Table on Global Offshore Drilling Rigs Market 2019 - 2023 ($ million)
5.2 Type segment analysis 2019 - 2023
  • Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.3 Application segment analysis 2019 - 2023
  • Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.4 Product segment analysis 2019 - 2023
  • Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
  • Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
  • Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI in the Global Offshore Drilling Rigs Market
7 Five Forces Analysis
7.1 Five forces summary
  • Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
  • Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
  • Chart on Type - Market share 2024-2029 (%)
  • Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
  • Chart on Comparison by Type
  • Data Table on Comparison by Type
8.3 Bottom supported rigs - Market size and forecast 2024-2029
  • Chart on Bottom supported rigs - Market size and forecast 2024-2029 ($ million)
  • Data Table on Bottom supported rigs - Market size and forecast 2024-2029 ($ million)
  • Chart on Bottom supported rigs - Year-over-year growth 2024-2029 (%)
  • Data Table on Bottom supported rigs - Year-over-year growth 2024-2029 (%)
8.4 Floating rigs - Market size and forecast 2024-2029
  • Chart on Floating rigs - Market size and forecast 2024-2029 ($ million)
  • Data Table on Floating rigs - Market size and forecast 2024-2029 ($ million)
  • Chart on Floating rigs - Year-over-year growth 2024-2029 (%)
  • Data Table on Floating rigs - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
  • Market opportunity by Type ($ million)
  • Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
9.1 Market segments
  • Chart on Application - Market share 2024-2029 (%)
  • Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
  • Chart on Comparison by Application
  • Data Table on Comparison by Application
9.3 Shallow water - Market size and forecast 2024-2029
  • Chart on Shallow water - Market size and forecast 2024-2029 ($ million)
  • Data Table on Shallow water - Market size and forecast 2024-2029 ($ million)
  • Chart on Shallow water - Year-over-year growth 2024-2029 (%)
  • Data Table on Shallow water - Year-over-year growth 2024-2029 (%)
9.4 Deepwater - Market size and forecast 2024-2029
  • Chart on Deepwater - Market size and forecast 2024-2029 ($ million)
  • Data Table on Deepwater - Market size and forecast 2024-2029 ($ million)
  • Chart on Deepwater - Year-over-year growth 2024-2029 (%)
  • Data Table on Deepwater - Year-over-year growth 2024-2029 (%)
9.5 Ultra-deepwater - Market size and forecast 2024-2029
  • Chart on Ultra-deepwater - Market size and forecast 2024-2029 ($ million)
  • Data Table on Ultra-deepwater - Market size and forecast 2024-2029 ($ million)
  • Chart on Ultra-deepwater - Year-over-year growth 2024-2029 (%)
  • Data Table on Ultra-deepwater - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Application
  • Market opportunity by Application ($ million)
  • Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Product
10.1 Market segments
  • Chart on Product - Market share 2024-2029 (%)
  • Data Table on Product - Market share 2024-2029 (%)
10.2 Comparison by Product
  • Chart on Comparison by Product
  • Data Table on Comparison by Product
10.3 Jackups - Market size and forecast 2024-2029
  • Chart on Jackups - Market size and forecast 2024-2029 ($ million)
  • Data Table on Jackups - Market size and forecast 2024-2029 ($ million)
  • Chart on Jackups - Year-over-year growth 2024-2029 (%)
  • Data Table on Jackups - Year-over-year growth 2024-2029 (%)
10.4 Drillships - Market size and forecast 2024-2029
  • Chart on Drillships - Market size and forecast 2024-2029 ($ million)
  • Data Table on Drillships - Market size and forecast 2024-2029 ($ million)
  • Chart on Drillships - Year-over-year growth 2024-2029 (%)
  • Data Table on Drillships - Year-over-year growth 2024-2029 (%)
10.5 Semisubmersibles - Market size and forecast 2024-2029
  • Chart on Semisubmersibles - Market size and forecast 2024-2029 ($ million)
  • Data Table on Semisubmersibles - Market size and forecast 2024-2029 ($ million)
  • Chart on Semisubmersibles - Year-over-year growth 2024-2029 (%)
  • Data Table on Semisubmersibles - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Product
  • Market opportunity by Product ($ million)
  • Data Table on Market opportunity by Product ($ million)
11 Customer Landscape
11.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
  • Chart on Market share By Geographical Landscape 2024-2029 (%)
  • Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
  • Chart on North America - Market size and forecast 2024-2029 ($ million)
  • Data Table on North America - Market size and forecast 2024-2029 ($ million)
  • Chart on North America - Year-over-year growth 2024-2029 (%)
  • Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Middle East and Africa - Market size and forecast 2024-2029
  • Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
  • Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
  • Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.5 APAC - Market size and forecast 2024-2029
  • Chart on APAC - Market size and forecast 2024-2029 ($ million)
  • Data Table on APAC - Market size and forecast 2024-2029 ($ million)
  • Chart on APAC - Year-over-year growth 2024-2029 (%)
  • Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.6 Europe - Market size and forecast 2024-2029
  • Chart on Europe - Market size and forecast 2024-2029 ($ million)
  • Data Table on Europe - Market size and forecast 2024-2029 ($ million)
  • Chart on Europe - Year-over-year growth 2024-2029 (%)
  • Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.7 South America - Market size and forecast 2024-2029
  • Chart on South America - Market size and forecast 2024-2029 ($ million)
  • Data Table on South America - Market size and forecast 2024-2029 ($ million)
  • Chart on South America - Year-over-year growth 2024-2029 (%)
  • Data Table on South America - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
  • Chart on US - Market size and forecast 2024-2029 ($ million)
  • Data Table on US - Market size and forecast 2024-2029 ($ million)
  • Chart on US - Year-over-year growth 2024-2029 (%)
  • Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
  • Chart on China - Market size and forecast 2024-2029 ($ million)
  • Data Table on China - Market size and forecast 2024-2029 ($ million)
  • Chart on China - Year-over-year growth 2024-2029 (%)
  • Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 Saudi Arabia - Market size and forecast 2024-2029
  • Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
  • Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
  • Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
  • Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
12.11 Canada - Market size and forecast 2024-2029
  • Chart on Canada - Market size and forecast 2024-2029 ($ million)
  • Data Table on Canada - Market size and forecast 2024-2029 ($ million)
  • Chart on Canada - Year-over-year growth 2024-2029 (%)
  • Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.12 India - Market size and forecast 2024-2029
  • Chart on India - Market size and forecast 2024-2029 ($ million)
  • Data Table on India - Market size and forecast 2024-2029 ($ million)
  • Chart on India - Year-over-year growth 2024-2029 (%)
  • Data Table on India - Year-over-year growth 2024-2029 (%)
12.13 Russia - Market size and forecast 2024-2029
  • Chart on Russia - Market size and forecast 2024-2029 ($ million)
  • Data Table on Russia - Market size and forecast 2024-2029 ($ million)
  • Chart on Russia - Year-over-year growth 2024-2029 (%)
  • Data Table on Russia - Year-over-year growth 2024-2029 (%)
12.14 Norway - Market size and forecast 2024-2029
  • Chart on Norway - Market size and forecast 2024-2029 ($ million)
  • Data Table on Norway - Market size and forecast 2024-2029 ($ million)
  • Chart on Norway - Year-over-year growth 2024-2029 (%)
  • Data Table on Norway - Year-over-year growth 2024-2029 (%)
12.15 UK - Market size and forecast 2024-2029
  • Chart on UK - Market size and forecast 2024-2029 ($ million)
  • Data Table on UK - Market size and forecast 2024-2029 ($ million)
  • Chart on UK - Year-over-year growth 2024-2029 (%)
  • Data Table on UK - Year-over-year growth 2024-2029 (%)
12.16 Nigeria - Market size and forecast 2024-2029
  • Chart on Nigeria - Market size and forecast 2024-2029 ($ million)
  • Data Table on Nigeria - Market size and forecast 2024-2029 ($ million)
  • Chart on Nigeria - Year-over-year growth 2024-2029 (%)
  • Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
12.17 Brazil - Market size and forecast 2024-2029
  • Chart on Brazil - Market size and forecast 2024-2029 ($ million)
  • Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
  • Chart on Brazil - Year-over-year growth 2024-2029 (%)
  • Data Table on Brazil - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
  • Market opportunity By Geographical Landscape ($ million)
  • Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
  • Overview on factors of disruption
14.4 Industry risks
  • Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
  • Companies covered
15.2 Company ranking index
  • Company ranking index
15.3 Market positioning of companies
  • Matrix on companies position and classification
15.4 Archer Ltd.
  • Archer Ltd. - Overview
  • Archer Ltd. - Business segments
  • Archer Ltd. - Key offerings
  • Archer Ltd. - Segment focus
  • SWOT
15.5 China Oilfield Services Ltd.
  • China Oilfield Services Ltd. - Overview
  • China Oilfield Services Ltd. - Business segments
  • China Oilfield Services Ltd. - Key offerings
  • China Oilfield Services Ltd. - Segment focus
  • SWOT
15.6 Diamond Offshore Drilling Inc.
  • Diamond Offshore Drilling Inc. - Overview
  • Diamond Offshore Drilling Inc. - Product / Service
  • Diamond Offshore Drilling Inc. - Key news
  • Diamond Offshore Drilling Inc. - Key offerings
  • SWOT
15.7 Helmerich and Payne Inc.
  • Helmerich and Payne Inc. - Overview
  • Helmerich and Payne Inc. - Business segments
  • Helmerich and Payne Inc. - Key offerings
  • Helmerich and Payne Inc. - Segment focus
  • SWOT
15.8 KCA Deutag Alpha Ltd.
  • KCA Deutag Alpha Ltd. - Overview
  • KCA Deutag Alpha Ltd. - Product / Service
  • KCA Deutag Alpha Ltd. - Key offerings
  • SWOT
15.9 Nabors Industries Ltd.
  • Nabors Industries Ltd. - Overview
  • Nabors Industries Ltd. - Business segments
  • Nabors Industries Ltd. - Key news
  • Nabors Industries Ltd. - Key offerings
  • Nabors Industries Ltd. - Segment focus
  • SWOT
15.10 Noble Corp. Plc
  • Noble Corp. Plc - Overview
  • Noble Corp. Plc - Product / Service
  • Noble Corp. Plc - Key offerings
  • SWOT
15.11 NOV Inc.
  • NOV Inc. - Overview
  • NOV Inc. - Business segments
  • NOV Inc. - Key news
  • NOV Inc. - Key offerings
  • NOV Inc. - Segment focus
  • SWOT
15.12 Parker Drilling Co.
  • Parker Drilling Co. - Overview
  • Parker Drilling Co. - Product / Service
  • Parker Drilling Co. - Key offerings
  • SWOT
15.13 Patterson UTI Energy Inc.
  • Patterson UTI Energy Inc. - Overview
  • Patterson UTI Energy Inc. - Business segments
  • Patterson UTI Energy Inc. - Key news
  • Patterson UTI Energy Inc. - Key offerings
  • Patterson UTI Energy Inc. - Segment focus
  • SWOT
15.14 PR Marriott Drilling Ltd.
  • PR Marriott Drilling Ltd. - Overview
  • PR Marriott Drilling Ltd. - Product / Service
  • PR Marriott Drilling Ltd. - Key offerings
  • SWOT
15.15 Precision Drilling Corp.
  • Precision Drilling Corp. - Overview
  • Precision Drilling Corp. - Business segments
  • Precision Drilling Corp. - Key offerings
  • Precision Drilling Corp. - Segment focus
  • SWOT
15.16 Saipem S.p.A.
  • Saipem S.p.A. - Overview
  • Saipem S.p.A. - Business segments
  • Saipem S.p.A. - Key offerings
  • Saipem S.p.A. - Segment focus
  • SWOT
15.17 Transocean Ltd.
  • Transocean Ltd. - Overview
  • Transocean Ltd. - Product / Service
  • Transocean Ltd. - Key offerings
  • SWOT
15.18 Valaris Ltd.
  • Valaris Ltd. - Overview
  • Valaris Ltd. - Business segments
  • Valaris Ltd. - Key offerings
  • Valaris Ltd. - Segment focus
  • SWOT
16 Appendix
16.1 Scope of the report
16.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
16.3 Currency conversion rates for US$
  • Currency conversion rates for US$
16.4 Research methodology
  • Research methodology
16.5 Data procurement
  • Information sources
16.6 Data validation
  • Data validation
16.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
16.8 Data synthesis
  • Data synthesis
16.9 360 degree market analysis
  • 360 degree market analysis
16.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Market Segmentation by Product
Exhibits 8: Executive Summary - Chart on Incremental Growth
Exhibits 9: Executive Summary - Data Table on Incremental Growth
Exhibits 10: Executive Summary - Chart on Company Market Positioning
Exhibits 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 12: Overview on criticality of inputs and factors of differentiation
Exhibits 13: Overview on factors of disruption
Exhibits 14: Impact of drivers and challenges in 2024 and 2029
Exhibits 15: Parent Market
Exhibits 16: Data Table on - Parent Market
Exhibits 17: Market characteristics analysis
Exhibits 18: Value chain analysis
Exhibits 19: Offerings of companies included in the market definition
Exhibits 20: Market segments
Exhibits 21: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Historic Market Size - Data Table on Global Offshore Drilling Rigs Market 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - Type Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Product Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 31: Five forces analysis - Comparison between 2024 and 2029
Exhibits 32: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 33: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 35: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 37: Chart on Market condition - Five forces 2024 and 2029
Exhibits 38: Chart on Type - Market share 2024-2029 (%)
Exhibits 39: Data Table on Type - Market share 2024-2029 (%)
Exhibits 40: Chart on Comparison by Type
Exhibits 41: Data Table on Comparison by Type
Exhibits 42: Chart on Bottom supported rigs - Market size and forecast 2024-2029 ($ million)
Exhibits 43: Data Table on Bottom supported rigs - Market size and forecast 2024-2029 ($ million)
Exhibits 44: Chart on Bottom supported rigs - Year-over-year growth 2024-2029 (%)
Exhibits 45: Data Table on Bottom supported rigs - Year-over-year growth 2024-2029 (%)
Exhibits 46: Chart on Floating rigs - Market size and forecast 2024-2029 ($ million)
Exhibits 47: Data Table on Floating rigs - Market size and forecast 2024-2029 ($ million)
Exhibits 48: Chart on Floating rigs - Year-over-year growth 2024-2029 (%)
Exhibits 49: Data Table on Floating rigs - Year-over-year growth 2024-2029 (%)
Exhibits 50: Market opportunity by Type ($ million)
Exhibits 51: Data Table on Market opportunity by Type ($ million)
Exhibits 52: Chart on Application - Market share 2024-2029 (%)
Exhibits 53: Data Table on Application - Market share 2024-2029 (%)
Exhibits 54: Chart on Comparison by Application
Exhibits 55: Data Table on Comparison by Application
Exhibits 56: Chart on Shallow water - Market size and forecast 2024-2029 ($ million)
Exhibits 57: Data Table on Shallow water - Market size and forecast 2024-2029 ($ million)
Exhibits 58: Chart on Shallow water - Year-over-year growth 2024-2029 (%)
Exhibits 59: Data Table on Shallow water - Year-over-year growth 2024-2029 (%)
Exhibits 60: Chart on Deepwater - Market size and forecast 2024-2029 ($ million)
Exhibits 61: Data Table on Deepwater - Market size and forecast 2024-2029 ($ million)
Exhibits 62: Chart on Deepwater - Year-over-year growth 2024-2029 (%)
Exhibits 63: Data Table on Deepwater - Year-over-year growth 2024-2029 (%)
Exhibits 64: Chart on Ultra-deepwater - Market size and forecast 2024-2029 ($ million)
Exhibits 65: Data Table on Ultra-deepwater - Market size and forecast 2024-2029 ($ million)
Exhibits 66: Chart on Ultra-deepwater - Year-over-year growth 2024-2029 (%)
Exhibits 67: Data Table on Ultra-deepwater - Year-over-year growth 2024-2029 (%)
Exhibits 68: Market opportunity by Application ($ million)
Exhibits 69: Data Table on Market opportunity by Application ($ million)
Exhibits 70: Chart on Product - Market share 2024-2029 (%)
Exhibits 71: Data Table on Product - Market share 2024-2029 (%)
Exhibits 72: Chart on Comparison by Product
Exhibits 73: Data Table on Comparison by Product
Exhibits 74: Chart on Jackups - Market size and forecast 2024-2029 ($ million)
Exhibits 75: Data Table on Jackups - Market size and forecast 2024-2029 ($ million)
Exhibits 76: Chart on Jackups - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on Jackups - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Drillships - Market size and forecast 2024-2029 ($ million)
Exhibits 79: Data Table on Drillships - Market size and forecast 2024-2029 ($ million)
Exhibits 80: Chart on Drillships - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Drillships - Year-over-year growth 2024-2029 (%)
Exhibits 82: Chart on Semisubmersibles - Market size and forecast 2024-2029 ($ million)
Exhibits 83: Data Table on Semisubmersibles - Market size and forecast 2024-2029 ($ million)
Exhibits 84: Chart on Semisubmersibles - Year-over-year growth 2024-2029 (%)
Exhibits 85: Data Table on Semisubmersibles - Year-over-year growth 2024-2029 (%)
Exhibits 86: Market opportunity by Product ($ million)
Exhibits 87: Data Table on Market opportunity by Product ($ million)
Exhibits 88: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 89: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 90: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 91: Chart on Geographic comparison
Exhibits 92: Data Table on Geographic comparison
Exhibits 93: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 102: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 106: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 110: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on Russia - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on Russia - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Norway - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Norway - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Norway - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Norway - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Nigeria - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on Nigeria - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on Nigeria - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 153: Market opportunity By Geographical Landscape ($ million)
Exhibits 154: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 155: Impact of drivers and challenges in 2024 and 2029
Exhibits 156: Overview on criticality of inputs and factors of differentiation
Exhibits 157: Overview on factors of disruption
Exhibits 158: Impact of key risks on business
Exhibits 159: Companies covered
Exhibits 160: Company ranking index
Exhibits 161: Matrix on companies position and classification
Exhibits 162: Archer Ltd. - Overview
Exhibits 163: Archer Ltd. - Business segments
Exhibits 164: Archer Ltd. - Key offerings
Exhibits 165: Archer Ltd. - Segment focus
Exhibits 166: SWOT
Exhibits 167: China Oilfield Services Ltd. - Overview
Exhibits 168: China Oilfield Services Ltd. - Business segments
Exhibits 169: China Oilfield Services Ltd. - Key offerings
Exhibits 170: China Oilfield Services Ltd. - Segment focus
Exhibits 171: SWOT
Exhibits 172: Diamond Offshore Drilling Inc. - Overview
Exhibits 173: Diamond Offshore Drilling Inc. - Product / Service
Exhibits 174: Diamond Offshore Drilling Inc. - Key news
Exhibits 175: Diamond Offshore Drilling Inc. - Key offerings
Exhibits 176: SWOT
Exhibits 177: Helmerich and Payne Inc. - Overview
Exhibits 178: Helmerich and Payne Inc. - Business segments
Exhibits 179: Helmerich and Payne Inc. - Key offerings
Exhibits 180: Helmerich and Payne Inc. - Segment focus
Exhibits 181: SWOT
Exhibits 182: KCA Deutag Alpha Ltd. - Overview
Exhibits 183: KCA Deutag Alpha Ltd. - Product / Service
Exhibits 184: KCA Deutag Alpha Ltd. - Key offerings
Exhibits 185: SWOT
Exhibits 186: Nabors Industries Ltd. - Overview
Exhibits 187: Nabors Industries Ltd. - Business segments
Exhibits 188: Nabors Industries Ltd. - Key news
Exhibits 189: Nabors Industries Ltd. - Key offerings
Exhibits 190: Nabors Industries Ltd. - Segment focus
Exhibits 191: SWOT
Exhibits 192: Noble Corp. Plc - Overview
Exhibits 193: Noble Corp. Plc - Product / Service
Exhibits 194: Noble Corp. Plc - Key offerings
Exhibits 195: SWOT
Exhibits 196: NOV Inc. - Overview
Exhibits 197: NOV Inc. - Business segments
Exhibits 198: NOV Inc. - Key news
Exhibits 199: NOV Inc. - Key offerings
Exhibits 200: NOV Inc. - Segment focus
Exhibits 201: SWOT
Exhibits 202: Parker Drilling Co. - Overview
Exhibits 203: Parker Drilling Co. - Product / Service
Exhibits 204: Parker Drilling Co. - Key offerings
Exhibits 205: SWOT
Exhibits 206: Patterson UTI Energy Inc. - Overview
Exhibits 207: Patterson UTI Energy Inc. - Business segments
Exhibits 208: Patterson UTI Energy Inc. - Key news
Exhibits 209: Patterson UTI Energy Inc. - Key offerings
Exhibits 210: Patterson UTI Energy Inc. - Segment focus
Exhibits 211: SWOT
Exhibits 212: PR Marriott Drilling Ltd. - Overview
Exhibits 213: PR Marriott Drilling Ltd. - Product / Service
Exhibits 214: PR Marriott Drilling Ltd. - Key offerings
Exhibits 215: SWOT
Exhibits 216: Precision Drilling Corp. - Overview
Exhibits 217: Precision Drilling Corp. - Business segments
Exhibits 218: Precision Drilling Corp. - Key offerings
Exhibits 219: Precision Drilling Corp. - Segment focus
Exhibits 220: SWOT
Exhibits 221: Saipem S.p.A. - Overview
Exhibits 222: Saipem S.p.A. - Business segments
Exhibits 223: Saipem S.p.A. - Key offerings
Exhibits 224: Saipem S.p.A. - Segment focus
Exhibits 225: SWOT
Exhibits 226: Transocean Ltd. - Overview
Exhibits 227: Transocean Ltd. - Product / Service
Exhibits 228: Transocean Ltd. - Key offerings
Exhibits 229: SWOT
Exhibits 230: Valaris Ltd. - Overview
Exhibits 231: Valaris Ltd. - Business segments
Exhibits 232: Valaris Ltd. - Key offerings
Exhibits 233: Valaris Ltd. - Segment focus
Exhibits 234: SWOT
Exhibits 235: Inclusions checklist
Exhibits 236: Exclusions checklist
Exhibits 237: Currency conversion rates for US$
Exhibits 238: Research methodology
Exhibits 239: Information sources
Exhibits 240: Data validation
Exhibits 241: Validation techniques employed for market sizing
Exhibits 242: Data synthesis
Exhibits 243: 360 degree market analysis
Exhibits 244: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global offshore drilling rigs market: Archer Ltd., China Oilfield Services Ltd., Diamond Offshore Drilling Inc., Helmerich and Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, NOV Inc., Parker Drilling Co., Patterson UTI Energy Inc., PR Marriott Drilling Ltd., Precision Drilling Corp., Saipem S.p.A., Schlumberger Ltd., Seadrill Ltd., Stena AB, Transocean Ltd., Valaris Ltd., and Weatherford International Plc.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is discovery of new oil and gas resources."

According to the report, one of the major drivers for this market is the rising investments in upstream oil and gas sector.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Archer Ltd.
  • China Oilfield Services Ltd.
  • Diamond Offshore Drilling Inc.
  • Helmerich and Payne Inc.
  • KCA Deutag Alpha Ltd.
  • Nabors Industries Ltd.
  • Noble Corp. Plc
  • NOV Inc.
  • Parker Drilling Co.
  • Patterson UTI Energy Inc.
  • PR Marriott Drilling Ltd.
  • Precision Drilling Corp.
  • Saipem S.p.A.
  • Schlumberger Ltd.
  • Seadrill Ltd.
  • Stena AB
  • Transocean Ltd.
  • Valaris Ltd.
  • Weatherford International Plc

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About the Offshore Drilling Rigs Market

The Offshore Drilling Rigs market is a segment of the Oilfield Equipment and Services industry. It is composed of companies that provide offshore drilling rigs and related services to the oil and gas industry. These services include drilling, completion, and production operations. Offshore drilling rigs are used to explore and develop oil and gas reserves located in deepwater and ultra-deepwater areas. The rigs are designed to operate in harsh environments and are equipped with advanced technologies to ensure safety and efficiency. The Offshore Drilling Rigs market is highly competitive, with a number of large and small players operating in the space. Major players include Transocean, Diamond Offshore Drilling, Seadrill, and Noble Corporation. Other notable players include Ensco, Pacific Drilling, and Atwood Oceanics. Show Less Read more

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