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Drilling Rig Market 2025-2029- Product Image
Drilling Rig Market 2025-2029- Product Image
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Drilling Rig Market 2025-2029

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  • 216 Pages
  • May 2025
  • Region: Global
  • TechNavio
  • ID: 5459501
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The drilling rig market is forecasted to grow by USD 15.7 billion during 2024-2029, accelerating at a CAGR of 5.7% during the forecast period. The report on the drilling rig 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 increase in oil and gas demand, rising investments in upstream oil and gas sector, and increasing focus on unconventional oil and gas e and p activities.

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 drilling rig market is segmented as below:

By Application

  • Onshore
  • Offshore

By Type

  • Crude oil
  • Natural gas

By End-user

  • Oil and gas
  • Mining
  • Construction

By Geographical Landscape

  • North America
  • Middle East and Africa
  • APAC
  • Europe
  • South America
This study identifies the growing demand for new-generation automated drilling rigs as one of the prime reasons driving the drilling rig market growth during the next few years. Also, rise in deep-water and ultra-deepwater e and p activities and technological advances in modus will lead to sizable demand in the market.

The report on the drilling rig market covers the following areas:

  • Drilling Rig Market sizing
  • Drilling Rig Market forecast
  • Drilling Rig 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 drilling rig market vendors that include AP Moller Maersk AS, Archer Ltd., China Oilfield Services Ltd., Helmerich and Payne Inc., KCA Deutag Alpha Ltd., Loews Corp., 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 drilling rig 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 Application
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
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 ($ billion)
Data Table on Global - Market size and forecast 2024-2029 ($ billion)
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 Drilling Rig Market 2019 - 2023
Historic Market Size - Data Table on Global Drilling Rig Market 2019 - 2023 ($ billion)
5.2 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ billion)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.4 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on global drilling rig 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 Application
8.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
8.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
8.3 Onshore - Market size and forecast 2024-2029
Chart on Onshore - Market size and forecast 2024-2029 ($ billion)
Data Table on Onshore - Market size and forecast 2024-2029 ($ billion)
Chart on Onshore - Year-over-year growth 2024-2029 (%)
Data Table on Onshore - Year-over-year growth 2024-2029 (%)
8.4 Offshore - Market size and forecast 2024-2029
Chart on Offshore - Market size and forecast 2024-2029 ($ billion)
Data Table on Offshore - Market size and forecast 2024-2029 ($ billion)
Chart on Offshore - Year-over-year growth 2024-2029 (%)
Data Table on Offshore - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Application
Market opportunity by Application ($ billion)
Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Crude oil - Market size and forecast 2024-2029
Chart on Crude oil - Market size and forecast 2024-2029 ($ billion)
Data Table on Crude oil - Market size and forecast 2024-2029 ($ billion)
Chart on Crude oil - Year-over-year growth 2024-2029 (%)
Data Table on Crude oil - Year-over-year growth 2024-2029 (%)
9.4 Natural gas - Market size and forecast 2024-2029
Chart on Natural gas - Market size and forecast 2024-2029 ($ billion)
Data Table on Natural gas - Market size and forecast 2024-2029 ($ billion)
Chart on Natural gas - Year-over-year growth 2024-2029 (%)
Data Table on Natural gas - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
10 Market Segmentation by End-user
10.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
10.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
10.3 Oil and gas - Market size and forecast 2024-2029
Chart on Oil and gas - Market size and forecast 2024-2029 ($ billion)
Data Table on Oil and gas - Market size and forecast 2024-2029 ($ billion)
Chart on Oil and gas - Year-over-year growth 2024-2029 (%)
Data Table on Oil and gas - Year-over-year growth 2024-2029 (%)
10.4 Mining - Market size and forecast 2024-2029
Chart on Mining - Market size and forecast 2024-2029 ($ billion)
Data Table on Mining - Market size and forecast 2024-2029 ($ billion)
Chart on Mining - Year-over-year growth 2024-2029 (%)
Data Table on Mining - Year-over-year growth 2024-2029 (%)
10.5 Construction - Market size and forecast 2024-2029
Chart on Construction - Market size and forecast 2024-2029 ($ billion)
Data Table on Construction - Market size and forecast 2024-2029 ($ billion)
Chart on Construction - Year-over-year growth 2024-2029 (%)
Data Table on Construction - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
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 ($ billion)
Data Table on North America - Market size and forecast 2024-2029 ($ billion)
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 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
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 ($ billion)
Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
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 ($ billion)
Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
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 ($ billion)
Data Table on South America - Market size and forecast 2024-2029 ($ billion)
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 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 Saudi Arabia - Market size and forecast 2024-2029
Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
12.10 Russia - Market size and forecast 2024-2029
Chart on Russia - Market size and forecast 2024-2029 ($ billion)
Data Table on Russia - Market size and forecast 2024-2029 ($ billion)
Chart on Russia - Year-over-year growth 2024-2029 (%)
Data Table on Russia - Year-over-year growth 2024-2029 (%)
12.11 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ billion)
Data Table on China - Market size and forecast 2024-2029 ($ billion)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
12.12 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.13 UAE - Market size and forecast 2024-2029
Chart on UAE - Market size and forecast 2024-2029 ($ billion)
Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
Chart on UAE - Year-over-year growth 2024-2029 (%)
Data Table on UAE - Year-over-year growth 2024-2029 (%)
12.14 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ billion)
Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
12.15 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ billion)
Data Table on India - Market size and forecast 2024-2029 ($ billion)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
12.16 Nigeria - Market size and forecast 2024-2029
Chart on Nigeria - Market size and forecast 2024-2029 ($ billion)
Data Table on Nigeria - Market size and forecast 2024-2029 ($ billion)
Chart on Nigeria - Year-over-year growth 2024-2029 (%)
Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
12.17 Australia - Market size and forecast 2024-2029
Chart on Australia - Market size and forecast 2024-2029 ($ billion)
Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
Chart on Australia - Year-over-year growth 2024-2029 (%)
Data Table on Australia - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
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 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
15.7 KCA Deutag Alpha Ltd.
KCA Deutag Alpha Ltd. - Overview
KCA Deutag Alpha Ltd. - Product / Service
KCA Deutag Alpha Ltd. - Key offerings
SWOT
15.8 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
15.9 Noble Corp. Plc
Noble Corp. Plc - Overview
Noble Corp. Plc - Product / Service
Noble Corp. Plc - Key offerings
SWOT
15.10 NOV Inc.
NOV Inc. - Overview
NOV Inc. - Business segments
NOV Inc. - Key news
NOV Inc. - Key offerings
NOV Inc. - Segment focus
SWOT
15.11 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
15.12 PR Marriott Drilling Ltd.
PR Marriott Drilling Ltd. - Overview
PR Marriott Drilling Ltd. - Product / Service
PR Marriott Drilling Ltd. - Key offerings
SWOT
15.13 Precision Drilling Corp.
Precision Drilling Corp. - Overview
Precision Drilling Corp. - Business segments
Precision Drilling Corp. - Key offerings
Precision Drilling Corp. - Segment focus
SWOT
15.14 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
15.15 Schlumberger Ltd.
Schlumberger Ltd. - Overview
Schlumberger Ltd. - Business segments
Schlumberger Ltd. - Key news
Schlumberger Ltd. - Key offerings
Schlumberger Ltd. - Segment focus
SWOT
15.16 Seadrill Ltd.
Seadrill Ltd. - Overview
Seadrill Ltd. - Business segments
Seadrill Ltd. - Key offerings
Seadrill Ltd. - 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 Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Type
Exhibits 7: Executive Summary - Chart on Market Segmentation by End-user
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 ($ billion)
Exhibits 22: Data Table on Global - Market size and forecast 2024-2029 ($ billion)
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 Drilling Rig Market 2019 - 2023 ($ billion)
Exhibits 26: Historic Market Size - Application Segment 2019 - 2023 ($ billion)
Exhibits 27: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 28: Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
Exhibits 29: Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
Exhibits 30: Historic Market Size - Country Segment 2019 - 2023 ($ billion)
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 Application - Market share 2024-2029 (%)
Exhibits 39: Data Table on Application - Market share 2024-2029 (%)
Exhibits 40: Chart on Comparison by Application
Exhibits 41: Data Table on Comparison by Application
Exhibits 42: Chart on Onshore - Market size and forecast 2024-2029 ($ billion)
Exhibits 43: Data Table on Onshore - Market size and forecast 2024-2029 ($ billion)
Exhibits 44: Chart on Onshore - Year-over-year growth 2024-2029 (%)
Exhibits 45: Data Table on Onshore - Year-over-year growth 2024-2029 (%)
Exhibits 46: Chart on Offshore - Market size and forecast 2024-2029 ($ billion)
Exhibits 47: Data Table on Offshore - Market size and forecast 2024-2029 ($ billion)
Exhibits 48: Chart on Offshore - Year-over-year growth 2024-2029 (%)
Exhibits 49: Data Table on Offshore - Year-over-year growth 2024-2029 (%)
Exhibits 50: Market opportunity by Application ($ billion)
Exhibits 51: Data Table on Market opportunity by Application ($ billion)
Exhibits 52: Chart on Type - Market share 2024-2029 (%)
Exhibits 53: Data Table on Type - Market share 2024-2029 (%)
Exhibits 54: Chart on Comparison by Type
Exhibits 55: Data Table on Comparison by Type
Exhibits 56: Chart on Crude oil - Market size and forecast 2024-2029 ($ billion)
Exhibits 57: Data Table on Crude oil - Market size and forecast 2024-2029 ($ billion)
Exhibits 58: Chart on Crude oil - Year-over-year growth 2024-2029 (%)
Exhibits 59: Data Table on Crude oil - Year-over-year growth 2024-2029 (%)
Exhibits 60: Chart on Natural gas - Market size and forecast 2024-2029 ($ billion)
Exhibits 61: Data Table on Natural gas - Market size and forecast 2024-2029 ($ billion)
Exhibits 62: Chart on Natural gas - Year-over-year growth 2024-2029 (%)
Exhibits 63: Data Table on Natural gas - Year-over-year growth 2024-2029 (%)
Exhibits 64: Market opportunity by Type ($ billion)
Exhibits 65: Data Table on Market opportunity by Type ($ billion)
Exhibits 66: Chart on End-user - Market share 2024-2029 (%)
Exhibits 67: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 68: Chart on Comparison by End-user
Exhibits 69: Data Table on Comparison by End-user
Exhibits 70: Chart on Oil and gas - Market size and forecast 2024-2029 ($ billion)
Exhibits 71: Data Table on Oil and gas - Market size and forecast 2024-2029 ($ billion)
Exhibits 72: Chart on Oil and gas - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Oil and gas - Year-over-year growth 2024-2029 (%)
Exhibits 74: Chart on Mining - Market size and forecast 2024-2029 ($ billion)
Exhibits 75: Data Table on Mining - Market size and forecast 2024-2029 ($ billion)
Exhibits 76: Chart on Mining - Year-over-year growth 2024-2029 (%)
Exhibits 77: Data Table on Mining - Year-over-year growth 2024-2029 (%)
Exhibits 78: Chart on Construction - Market size and forecast 2024-2029 ($ billion)
Exhibits 79: Data Table on Construction - Market size and forecast 2024-2029 ($ billion)
Exhibits 80: Chart on Construction - Year-over-year growth 2024-2029 (%)
Exhibits 81: Data Table on Construction - Year-over-year growth 2024-2029 (%)
Exhibits 82: Market opportunity by End-user ($ billion)
Exhibits 83: Data Table on Market opportunity by End-user ($ billion)
Exhibits 84: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 85: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 86: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 87: Chart on Geographic comparison
Exhibits 88: Data Table on Geographic comparison
Exhibits 89: Chart on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 90: Data Table on North America - Market size and forecast 2024-2029 ($ billion)
Exhibits 91: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 92: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 93: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 94: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
Exhibits 95: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 96: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 97: Chart on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 98: Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
Exhibits 99: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 100: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 101: Chart on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 102: Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
Exhibits 103: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 104: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 105: Chart on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 106: Data Table on South America - Market size and forecast 2024-2029 ($ billion)
Exhibits 107: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 108: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 109: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 110: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 111: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 112: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 113: Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 114: Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
Exhibits 115: Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on Russia - Market size and forecast 2024-2029 ($ billion)
Exhibits 118: Data Table on Russia - Market size and forecast 2024-2029 ($ billion)
Exhibits 119: Chart on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on Russia - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 122: Data Table on China - Market size and forecast 2024-2029 ($ billion)
Exhibits 123: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on Canada - Market size and forecast 2024-2029 ($ billion)
Exhibits 126: Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
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 UAE - Market size and forecast 2024-2029 ($ billion)
Exhibits 130: Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
Exhibits 131: Chart on UAE - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on UAE - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 134: Data Table on UK - Market size and forecast 2024-2029 ($ billion)
Exhibits 135: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 138: Data Table on India - Market size and forecast 2024-2029 ($ billion)
Exhibits 139: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on Nigeria - Market size and forecast 2024-2029 ($ billion)
Exhibits 142: Data Table on Nigeria - Market size and forecast 2024-2029 ($ billion)
Exhibits 143: Chart on Nigeria - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on Nigeria - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on Australia - Market size and forecast 2024-2029 ($ billion)
Exhibits 146: Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
Exhibits 147: Chart on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on Australia - Year-over-year growth 2024-2029 (%)
Exhibits 149: Market opportunity By Geographical Landscape ($ billion)
Exhibits 150: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 151: Impact of drivers and challenges in 2024 and 2029
Exhibits 152: Overview on criticality of inputs and factors of differentiation
Exhibits 153: Overview on factors of disruption
Exhibits 154: Impact of key risks on business
Exhibits 155: Companies covered
Exhibits 156: Company ranking index
Exhibits 157: Matrix on companies position and classification
Exhibits 158: Archer Ltd. - Overview
Exhibits 159: Archer Ltd. - Business segments
Exhibits 160: Archer Ltd. - Key offerings
Exhibits 161: Archer Ltd. - Segment focus
Exhibits 162: SWOT
Exhibits 163: China Oilfield Services Ltd. - Overview
Exhibits 164: China Oilfield Services Ltd. - Business segments
Exhibits 165: China Oilfield Services Ltd. - Key offerings
Exhibits 166: China Oilfield Services Ltd. - Segment focus
Exhibits 167: SWOT
Exhibits 168: Helmerich and Payne Inc. - Overview
Exhibits 169: Helmerich and Payne Inc. - Business segments
Exhibits 170: Helmerich and Payne Inc. - Key offerings
Exhibits 171: Helmerich and Payne Inc. - Segment focus
Exhibits 172: SWOT
Exhibits 173: KCA Deutag Alpha Ltd. - Overview
Exhibits 174: KCA Deutag Alpha Ltd. - Product / Service
Exhibits 175: KCA Deutag Alpha Ltd. - Key offerings
Exhibits 176: SWOT
Exhibits 177: Nabors Industries Ltd. - Overview
Exhibits 178: Nabors Industries Ltd. - Business segments
Exhibits 179: Nabors Industries Ltd. - Key news
Exhibits 180: Nabors Industries Ltd. - Key offerings
Exhibits 181: Nabors Industries Ltd. - Segment focus
Exhibits 182: SWOT
Exhibits 183: Noble Corp. Plc - Overview
Exhibits 184: Noble Corp. Plc - Product / Service
Exhibits 185: Noble Corp. Plc - Key offerings
Exhibits 186: SWOT
Exhibits 187: NOV Inc. - Overview
Exhibits 188: NOV Inc. - Business segments
Exhibits 189: NOV Inc. - Key news
Exhibits 190: NOV Inc. - Key offerings
Exhibits 191: NOV Inc. - Segment focus
Exhibits 192: SWOT
Exhibits 193: Patterson UTI Energy Inc. - Overview
Exhibits 194: Patterson UTI Energy Inc. - Business segments
Exhibits 195: Patterson UTI Energy Inc. - Key news
Exhibits 196: Patterson UTI Energy Inc. - Key offerings
Exhibits 197: Patterson UTI Energy Inc. - Segment focus
Exhibits 198: SWOT
Exhibits 199: PR Marriott Drilling Ltd. - Overview
Exhibits 200: PR Marriott Drilling Ltd. - Product / Service
Exhibits 201: PR Marriott Drilling Ltd. - Key offerings
Exhibits 202: SWOT
Exhibits 203: Precision Drilling Corp. - Overview
Exhibits 204: Precision Drilling Corp. - Business segments
Exhibits 205: Precision Drilling Corp. - Key offerings
Exhibits 206: Precision Drilling Corp. - Segment focus
Exhibits 207: SWOT
Exhibits 208: Saipem S.p.A. - Overview
Exhibits 209: Saipem S.p.A. - Business segments
Exhibits 210: Saipem S.p.A. - Key offerings
Exhibits 211: Saipem S.p.A. - Segment focus
Exhibits 212: SWOT
Exhibits 213: Schlumberger Ltd. - Overview
Exhibits 214: Schlumberger Ltd. - Business segments
Exhibits 215: Schlumberger Ltd. - Key news
Exhibits 216: Schlumberger Ltd. - Key offerings
Exhibits 217: Schlumberger Ltd. - Segment focus
Exhibits 218: SWOT
Exhibits 219: Seadrill Ltd. - Overview
Exhibits 220: Seadrill Ltd. - Business segments
Exhibits 221: Seadrill Ltd. - Key offerings
Exhibits 222: Seadrill Ltd. - Segment focus
Exhibits 223: SWOT
Exhibits 224: Transocean Ltd. - Overview
Exhibits 225: Transocean Ltd. - Product / Service
Exhibits 226: Transocean Ltd. - Key offerings
Exhibits 227: SWOT
Exhibits 228: Valaris Ltd. - Overview

Executive Summary

The following companies are recognized as the key players in the global drilling rig market: AP Moller Maersk AS, Archer Ltd., China Oilfield Services Ltd., Helmerich and Payne Inc., KCA Deutag Alpha Ltd., Loews Corp., 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 growing demand for new-generation automated drilling rigs."

According to the report, one of the major drivers for this market is the increase in oil and gas demand.

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:

  • AP Moller Maersk AS
  • Archer Ltd.
  • China Oilfield Services Ltd.
  • Helmerich and Payne Inc.
  • KCA Deutag Alpha Ltd.
  • Loews Corp.
  • 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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