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Oilfield Drilling Derrick and Mast Market by Application and Geography - Global Forecast and Analysis 2019-2023 - Product Image

Oilfield Drilling Derrick and Mast Market by Application and Geography - Global Forecast and Analysis 2019-2023

  • ID: 4828986
  • Report
  • Region: Global
  • 145 pages
  • TechNavio
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FEATURED COMPANIES

  • A Woolslayer Co.
  • Drillmec Spa
  • Lee C. Moore
  • MHWirth AS
  • Schlumberger Ltd.
  • MORE
Global Oilfield Drilling Derrick and Mast Market: About this market

The oilfield drilling derrick and mast market analysis considers sales from both onshore and offshore. The analysis also considers the sales of oilfield drilling derrick and mast in APAC, Europe, North America, South America, and MEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the recovery of crude oil prices increased oil and gas E&P activities in shale and oil gas reservoirs will play a significant role in the onshore segment to maintain its market position. Also, the global oilfield drilling derrick and mast market report looks at factors such as increasing active rig count, growing upstream investment, and rising global energy demand. However, challenges associated with rig floor operations, adoption of alternative energy sources, and fluctuations in oil and gas prices may hamper the growth of the oilfield drilling derrick and mast industry over the forecast period.

Global Oilfield Drilling Derrick and Mast Market: Overview

Growing upstream investment

Energy security is essential to meet the energy demand generated by the growing population and industrial developments. Thus, oil and gas E&P companies are exploring untapped resources using the technological advances happening in the industry. To cater to the issue of declining oil and gas production and maximize the revenue from such oilfields, operators are increasing investments in mature oil and gas fields. The governments of various countries are undertaking initiatives for energy security and increasing their oil and gas production. This will lead to the expansion of the global oilfield drilling derrick and mast market at a CAGR of almost 6% during the forecast period.

Technological advances

Vendors are focusing on technological advances to enhance the speed of oil and gas drilling operations and reduce the chances of accidents. Derrick and mast technologies also aim at increasing the strength and durability. Derricks and mast are used in oilfield drilling rigs to support the crown block and the drill string used during drilling a wellbore. Technological advances in oilfield drilling derricks focus on increasing their load capacity so that drilling rig operators can increase the weight of the drill string and casings suspended from form the oil and gas drilling rigs. The use of tensile steel reduces the weight of these components substantially. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global oilfield drilling derrick and mast market is fragmented. The 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 oilfield drilling derrick and mast manufacturers, that include Chengdu Zhonghang Machinery Co. Ltd., CMIC Ocean En-Tech Holding Co. Ltd., Drillmec Spa, Lee C. Moore, A Woolslayer Co., MHWirth AS, National Oilwell Varco Inc., Schlumberger Ltd.

Also, the oilfield drilling derrick and mast market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A Woolslayer Co.
  • Drillmec Spa
  • Lee C. Moore
  • MHWirth AS
  • Schlumberger Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Onshore - Market size and forecast 2018-2023
  • Offshore - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Technological advances
  • Increase in deepwater and ultra-deepwater upstream projects
  • Declining cost of raw materials
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Chengdu Zhonghang Machinery Co. Ltd.
  • CMIC Ocean En-Tech Holding Co. Ltd.
  • Drillmec Spa
  • Lee C. Moore, A Woolslayer Co.
  • MHWirth AS
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Years in consideration
Exhibit 02: Vendor: Key offerings
Exhibit 03: Global oilfield equipment and services market
Exhibit 04: Segments of global oilfield equipment and services market
Exhibit 05: Market characteristics
Exhibit 06: Market characteristics analysis
Exhibit 07: Market segments
Exhibit 08: Market definition - Inclusions and exclusions checklist
Exhibit 09: Market size 2018
Exhibit 10: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 11: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 12: Five forces analysis 2018
Exhibit 13: Five forces analysis 2023
Exhibit 14: Bargaining power of buyers
Exhibit 15: Bargaining power of suppliers
Exhibit 16: Threat of new entrants
Exhibit 17: Threat of substitutes
Exhibit 18: Threat of rivalry
Exhibit 19: Market condition - Five forces 2018
Exhibit 20: Application - Market share 2018-2023 (%)
Exhibit 21: Comparison by application
Exhibit 22: Onshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 24: Offshore - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by application
Exhibit 27: Customer landscape
Exhibit 28: Customer landscape analysis
Exhibit 29: Market share by geography 2018-2023 (%)
Exhibit 30: Geographic comparison
Exhibit 31: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: North America - Year-over-year growth 2019-2023 (%)
Exhibit 33: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 35: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 37: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 39: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: South America - Year-over-year growth 2019-2023 (%)
Exhibit 41: Key leading countries
Exhibit 42: Market opportunity
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Vendor landscape analysis
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Chengdu Zhonghang Machinery Co. Ltd. - Vendor overview
Exhibit 51: Chengdu Zhonghang Machinery Co. Ltd. - Geographic focus
Exhibit 52: Chengdu Zhonghang Machinery Co. Ltd. - Key offerings
Exhibit 53: CMIC Ocean En-Tech Holding Co. Ltd. - Vendor overview
Exhibit 54: CMIC Ocean En-Tech Holding Co. Ltd. - Product segments
Exhibit 55: CMIC Ocean En-Tech Holding Co. Ltd. - Organizational developments
Exhibit 56: CMIC Ocean En-Tech Holding Co. Ltd. - Geographic focus
Exhibit 57: CMIC Ocean En-Tech Holding Co. Ltd. - Segment focus
Exhibit 58: CMIC Ocean En-Tech Holding Co. Ltd. - Key offerings
Exhibit 59: Drillmec Spa - Vendor overview
Exhibit 60: Drillmec Spa - Key offerings
Exhibit 61: Lee C. Moore, A Woolslayer Co. - Vendor overview
Exhibit 62: Lee C. Moore, A Woolslayer Co. - Key offerings
Exhibit 63: MHWirth AS - Vendor overview
Exhibit 64: MHWirth AS - Organizational developments
Exhibit 65: MHWirth AS - Key offerings
Exhibit 66: National Oilwell Varco Inc. - Vendor overview
Exhibit 67: National Oilwell Varco Inc. - Business segments
Exhibit 68: National Oilwell Varco Inc. - Organizational developments
Exhibit 69: National Oilwell Varco Inc. - Geographic focus
Exhibit 70: National Oilwell Varco Inc. - Segment focus
Exhibit 71: National Oilwell Varco Inc. - Key offerings
Exhibit 72: Schlumberger Ltd. - Vendor overview
Exhibit 73: Schlumberger Ltd. - Business segments
Exhibit 74: Schlumberger Ltd. - Organizational developments
Exhibit 75: Schlumberger Ltd. - Geographic focus
Exhibit 76: Schlumberger Ltd. - Segment focus
Exhibit 77: Schlumberger Ltd. - Key offerings
Exhibit 78: Validation techniques employed for market sizing
Exhibit 79: List of abbreviations
Exhibit 80: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • A Woolslayer Co.
  • Drillmec Spa
  • Lee C. Moore
  • MHWirth AS
  • Schlumberger Ltd.
  • MORE
The following companies are recognised as the key players in the global oilfield drilling derrick and mast market: Chengdu Zhonghang Machinery Co. Ltd., CMIC Ocean En-Tech Holding Co. Ltd., Drillmec Spa, Lee C. Moore, A Woolslayer Co., MHWirth AS, National Oilwell Varco Inc., Schlumberger Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the technological advances.”

According to the report, one of the major drivers for this market is the growing upstream investment.

Further, the report states that one of the major factors hindering the growth of this market is the adoption of alternative energy sources.

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.
Note: Product cover images may vary from those shown
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  • Chengdu Zhonghang Machinery Co. Ltd.
  • CMIC Ocean En-Tech Holding Co. Ltd.
  • Drillmec Spa
  • Lee C. Moore
  • A Woolslayer Co.
  • MHWirth AS
  • National Oilwell Varco Inc.
  • Schlumberger Ltd.
Note: Product cover images may vary from those shown
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