Horizontal Directional Drilling (HDD): Global Strategic Business Report

Global Horizontal Directional Drilling (HDD) Market to Reach $12.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Horizontal Directional Drilling (HDD) estimated at US$7.9 Billion in the year 2020, is projected to reach a revised size of US$12.9 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027. Rigs, one of the segments analyzed in the report, is projected to record a 7.5% CAGR and reach US$7.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pipes segment is readjusted to a revised 5.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 11.3% CAGR

The Horizontal Directional Drilling (HDD) market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 11.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2027.

Bits Segment to Record 8.7% CAGR

In the global Bits segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$473.2 Million in the year 2020 will reach a projected size of US$822 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 9.4% CAGR through the analysis period.

Select Competitors (Total 36 Featured) -

• American Augers, Inc.
• Barbco, Inc.
• Creighton Rock Drill Ltd.
• Direct Horizontal Drilling, Inc.
• Ditch Witch
• Ellingson Companies
• Ferguson Michiana, Inc.
• Herrenknecht AG
• Laney Directional Drilling Co.,
• McCloskey International
• McLaughlin Group, Inc.
• Nabors Industries Ltd.
• Toro Company
• UEA
• Vermeer Corporation

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• Global competitiveness and key competitor percentage market shares
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