Product Code: MACH2325
Global Horizontal Directional Drilling Market Overview
According to SPER Market Research, the Global Horizontal Directional Drilling Market is estimated to reach USD 29.62 billion by 2033 with a CAGR of 13.26%.
The Horizontal Directional Drilling (HDD) Market refers to the industry that provides drilling services to install underground pipelines, cables, and utility lines without having to dig up the surface. This method of drilling is called directional drilling because it enables drilling contractors to change the direction of the drill bit and guide it along a specific path underground. This method is preferred over traditional drilling methods because it is less invasive, requires less time and cost to complete, and causes less disruption to the environment.
What challenges does the Global Horizontal Directional Drilling Market face?
Despite the tremendous potential opportunities for the global Horizontal Directional Drilling market, the sector confronts a number of hurdles, including high costs, technical challenges, and others. One of the key issues confronting the HDD business is the high cost of the technology. HDD operations necessitate costly equipment and specialist employees, making it unaffordable for small businesses.
Scope of the Report
Report Metric Details:
- Market size available for years: 2019-2033
- Base year considered: 2022
- Forecast period: 2023-2033
- Segments covered: By Technique, By Parts, By Application, By End User
- Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
- Companies Covered: American Augers, Inc., Baker Hughes Incorporate, Ditch Witch, Ellingson Companies, Halliburton Company, Nabors Industries, Ltd., National Oilwell Varco, Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation, Weatherford International, Others
Global Horizontal Directional Drilling Market Segmentation:
- By Application: Based on the Application, Global Horizontal Directional Drilling is segmented as; Offshore, Onshore.
- By End User: Based on the End User, Global Horizontal Directional Drilling is segmented as; Oil and Gas Excavation, Telecommunication, Utility, Others.
- By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
Table of Contents
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the Global Horizontal Directional Drilling Market
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Horizontal Directional Drilling Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Horizontal Directional Drilling Market
7. Global Horizontal Directional Drilling Market, By Technique (USD Million)
- 7.1. Global Horizontal Directional Drilling Market Value Share and Forecast, By Technique, 2023-2033
- 7.2. Conventional
- 7.3. Rotary Steerable System
8. Global Horizontal Directional Drilling Market, By Parts (USD Million)
- 8.1. Global Horizontal Directional Drilling Market Value Share and Forecast, By Parts, 2023-2033
- 8.2. Bits
- 8.3. Pipes
- 8.4. Reamers
- 8.5. Rigs
9. Global Horizontal Directional Drilling Market, By Application (USD Million)
- 9.1. Global Horizontal Directional Drilling Market Value Share and Forecast, By Application, 2023-2033
- 9.2. Offshore
- 9.3. Onshore
10. Global Horizontal Directional Drilling Market, By End User (USD Million)
- 10.1. Global Horizontal Directional Drilling Market Value Share and Forecast, By End User, 2023-2033
- 10.2. Oil and Gas Excavation
- 10.3. Telecommunication
- 10.4. Utility
- 10.5. Others
11. Global Horizontal Directional Drilling Market Forecast, 2019-2033 (USD Million)
- 11.1. Global Horizontal Directional Drilling Market Size and Market Share
12. Global Horizontal Directional Drilling Market, By Technique, 2019-2033 (USD Million)
- 12.1. Global Horizontal Directional Drilling Market Size and Market Share By Technique (2019-2026)
- 12.2. Global Horizontal Directional Drilling Market Size and Market Share By Technique (2027-2033)
13. Global Horizontal Directional Drilling Market, By Parts, 2019-2033 (USD Million)
- 13.1. Global Horizontal Directional Drilling Market Size and Market Share By Parts (2019-2026)
- 13.2. Global Horizontal Directional Drilling Market Size and Market Share By Parts (2027-2033)
14. Global Horizontal Directional Drilling Market, By Application, 2019-2033 (USD Million)
- 14.1. Global Horizontal Directional Drilling Market Size and Market Share By Application (2019-2026)
- 14.2. Global Horizontal Directional Drilling Market Size and Market Share By Application (2027-2033)
15. Global Horizontal Directional Drilling Market, By End User, 2019-2033 (USD Million)
- 15.1. Global Horizontal Directional Drilling Market Size and Market Share By End User (2019-2026)
- 15.2. Global Horizontal Directional Drilling Market Size and Market Share By End User (2027-2033)
16. Global Horizontal Directional Drilling Market, By Region, 2019-2033 (USD Million)
- 16.1. Global Horizontal Directional Drilling Market Size and Market Share By Region (2019-2026)
- 16.2. Global Horizontal Directional Drilling Market Size and Market Share By Region (2027-2033)
- 16.3. Asia-Pacific
- 16.3.1. Australia
- 16.3.2. China
- 16.3.3. India
- 16.3.4. Japan
- 16.3.5. South Korea
- 16.3.6. Rest of Asia-Pacific
- 16.4. Europe
- 16.4.1. France
- 16.4.2. Germany
- 16.4.3. Italy
- 16.4.4. Spain
- 16.4.5. United Kingdom
- 16.4.6. Rest of Europe
- 16.5. Middle East and Africa
- 16.5.1. Kingdom of Saudi Arabia
- 16.5.2. United Arab Emirates
- 16.5.3. Rest of Middle East & Africa
- 16.6. North America
- 16.6.1. Canada
- 16.6.2. Mexico
- 16.6.3. United States
- 16.7. Latin America
- 16.7.1. Argentina
- 16.7.2. Brazil
- 16.7.3. Rest of Latin America
17. Company Profile
- 17.1. American Augers, Inc.
- 17.1.1. Company details
- 17.1.2. Financial outlook
- 17.1.3. Product summary
- 17.1.4. Recent developments
- 17.2. Baker Hughes Incorporate
- 17.2.1. Company details
- 17.2.2. Financial outlook
- 17.2.3. Product summary
- 17.2.4. Recent developments
- 17.3. Ditch Witch
- 17.3.1. Company details
- 17.3.2. Financial outlook
- 17.3.3. Product summary
- 17.3.4. Recent developments
- 17.4. Ellingson Companies
- 17.4.1. Company details
- 17.4.2. Financial outlook
- 17.4.3. Product summary
- 17.4.4. Recent developments
- 17.5. Halliburton Company
- 17.5.1. Company details
- 17.5.2. Financial outlook
- 17.5.3. Product summary
- 17.5.4. Recent developments
- 17.6. Nabors Industries, Ltd.
- 17.6.1. Company details
- 17.6.2. Financial outlook
- 17.6.3. Product summary
- 17.6.4. Recent developments
- 17.7. National Oilwell Varco, Inc.
- 17.7.1. Company details
- 17.7.2. Financial outlook
- 17.7.3. Product summary
- 17.7.4. Recent developments
- 17.8. Schlumberger Limited
- 17.8.1. Company details
- 17.8.2. Financial outlook
- 17.8.3. Product summary
- 17.8.4. Recent developments
- 17.9. The Toro Company
- 17.9.1. Company details
- 17.9.2. Financial outlook
- 17.9.3. Product summary
- 17.9.4. Recent developments
- 17.10. Vermeer Corporation
- 17.10.1. Company details
- 17.10.2. Financial outlook
- 17.10.3. Product summary
- 17.10.4. Recent developments
- 17.11. Weatherford International
- 17.11.1. Company details
- 17.11.2. Financial outlook
- 17.11.3. Product summary
- 17.11.4. Recent developments
- 17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope