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DRILLING RIG MARKET BY

APPLICATION AND
GEOGRAPHY - FORECAST AND
ANALYSIS

2020-2024
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TABLE OF CONTENTS
Executive Summary APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Market Landscape
Key leading countries
Market ecosystem Market opportunity by geography
Value chain analysis Volume driver - Demand led growth
Market challenges
Market Sizing Market trends
Vendor Landscape
Market definition
Market segment analysis Overview
Market size 2019 Vendor landscape
Market outlook: Forecast for 2019 - 2024 Landscape disruption

Five Forces Analysis

Five Forces Summary


Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Application

Market segments
Comparison by Application
Onshore - Market size and forecast 2019-2024
Offshore - Market size and forecast 2019-2024
Market opportunity by Application

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024

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Vendor Analysis

Vendors covered
Market positioning of vendors
Archer Ltd.
China Oilfield Services Ltd.
Helmerich & Payne Inc.
KCA Deutag Alpha Ltd.
Nabors Industries Ltd.
National Oilwell Varco Inc.
Noble Corp. Plc
Patterson-UTI Energy Inc.
Transocean Ltd.
Valaris Plc

Appendix

Scope of the report


Currency conversion rates for US$
Research methodology
List of abbreviations

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LIST OF EXHIBITS
Exhibit 1: Exhibits Key Finding 1 Exhibit 19: Exhibits Threat of new entrants

Exhibit 2: Exhibits Key Finding 2 Exhibit 20: Exhibits Threat of substitutes

Exhibit 3: Exhibits Key Finding 3 Exhibit 21: Exhibits Threat of rivalry

Exhibit 4: Exhibits Key Finding 5 Exhibit 22: Exhibits Market condition - Five forces 2019

Exhibit 5: Exhibits Key Finding 6 Exhibit 23: Exhibits Application placement - Market share
2019-2024 (%)
Exhibit 6: Exhibits Key Finding 7
Exhibit 24: Exhibits Comparison by Application placement
Exhibit 7: Exhibits Key Finding 8
Exhibit 25: Exhibits Outdoor mobile map - Market size and
Exhibit 8: Exhibits Key Finding 9 forecast 2019-2024 ($ million)

Exhibit 9: Exhibits Market in focus Exhibit 26: Exhibits Outdoor mobile map - Year-over-year

Exhibit 10: Exhibits Parent market growth 2019-2024 (%)

Exhibit 27: Exhibits Indoor mobile map - Market size and


Exhibit 11: Exhibits Market characteristics
forecast 2019-2024 ($ million)
Exhibit 12: Exhibits Product / Service portfolio of key
vendors included in the market definition Exhibit 28: Exhibits Indoor mobile map - Year-over-year
growth 2019-2024 (%)
Exhibit 13: Exhibits Market segments
Exhibit 29: Exhibits Market opportunity by Application
Exhibit 14: Exhibits Global - Market size and forecast 2019 -
2024 ($ million) Exhibit 30: Exhibits End user placement - Market share
2019-2024 (%)
Exhibit 15: Exhibits Global market: Year-over-year growth
2019 - 2024 (%) Exhibit 31: Exhibits Comparison by End user placement

Exhibit 16: Exhibits Five forces analysis 2019 & 2024 Exhibit 32: Exhibits Automotive navigation - Market size and
forecast 2019-2024 ($ million)
Exhibit 17: Exhibits Bargaining power of buyers
Exhibit 33: Exhibits Automotive navigation - Year-over-year
Exhibit 18: Exhibits Bargaining power of suppliers growth 2019-2024 (%)

Exhibit 34: Exhibits Mobile and Internet - Market size and


forecast 2019-2024 ($ million)

Exhibit 35: Exhibits Mobile and Internet - Year-over-year


growth 2019-2024 (%)

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Exhibit 36: Exhibits Public sector and enterprise - Market Exhibit 55: Exhibits Vendor landscape
size and forecast 2019-2024 ($ million)
Exhibit 56: Exhibits Landscape disruption
Exhibit 37: Exhibits Public sector and enterprise - Year-over-
year growth 2019-2024 (%) Exhibit 57: Exhibits Industry risks

Exhibit 38: Exhibits Market opportunity by End user Exhibit 58: Exhibits Vendors covered

Exhibit 39: Exhibits Customer landscape Exhibit 59: Exhibits Market positioning of vendors

Exhibit 40: Exhibits Market share by geography 2019-2024 Exhibit 60: Exhibits Alibaba Group Holding Ltd. - Overview
(%) Exhibit 61: Exhibits Alibaba Group Holding Ltd. - Business
Exhibit 41: Exhibits Geographic comparison segments

Exhibit 42: Exhibits APAC - Market size and forecast 2019- Exhibit 62: Exhibits Alibaba Group Holding Ltd. - Key
2024 ($ million) offerings

Exhibit 63: Exhibits Alibaba Group Holding Ltd. - Key


Exhibit 43: Exhibits APAC - Year-over-year growth 2019-
2024 (%) customers

Exhibit 44: Exhibits North America - Market size and Exhibit 64: Exhibits Alibaba Group Holding Ltd. - Segment
forecast 2019-2024 ($ million) focus

Exhibit 45: Exhibits North America - Year-over-year growth Exhibit 65: Exhibits Alphabet Inc. - Overview
2019-2024 (%) Exhibit 66: Exhibits Alphabet Inc. - Business segments
Exhibit 46: Exhibits Europe - Market size and forecast 2019-
Exhibit 67: Exhibits Alphabet Inc. - Key offerings
2024 ($ million)
Exhibit 68: Exhibits Alphabet Inc. - Key customers
Exhibit 47: Exhibits Europe - Year-over-year growth 2019-
2024 (%) Exhibit 69: Exhibits Alphabet Inc. - Segment focus

Exhibit 48: Exhibits South America - Market size and Exhibit 70: Exhibits Apple Inc. - Overview
forecast 2019-2024 ($ million)

Exhibit 49: Exhibits South America - Year-over-year growth


2019-2024 (%)

Exhibit 50: Exhibits MEA - Market size and forecast 2019-


2024 ($ million)

Exhibit 51: Exhibits MEA - Year-over-year growth 2019-2024


(%)

Exhibit 52: Exhibits Key leading countries

Exhibit 53: Exhibits Market opportunity by geography ($


million)

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Exhibit 54: Exhibits Impact of drivers and challenges
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Exhibit 71: Exhibits Apple Inc. - Product and service Exhibit 91: Exhibits NavInfo Co. Ltd. - Product and service

Exhibit 72: Exhibits Apple Inc. - Key offerings Exhibit 92: Exhibits NavInfo Co. Ltd. - Key offerings

Exhibit 73: Exhibits Apple Inc. - Key customers Exhibit 93: Exhibits NavInfo Co. Ltd. - Key customers

Exhibit 74: Exhibits Apple Inc. - Segment focus Exhibit 94: Exhibits NavInfo Co. Ltd. - Segment focus

Exhibit 75: Exhibits Environmental Systems Research Exhibit 95: Exhibits TomTom International BV - Overview
Institute Inc. - Overview
Exhibit 96: Exhibits TomTom International BV - Business
Exhibit 76: Exhibits Environmental Systems Research segments
Institute Inc. - Product and service
Exhibit 97: Exhibits TomTom International BV - Key offerings
Exhibit 77: Exhibits Environmental Systems Research
Institute Inc. - Key offerings Exhibit 98: Exhibits TomTom International BV - Key
customers
Exhibit 78: Exhibits Environmental Systems Research
Institute Inc. - Key customers Exhibit 99: Exhibits TomTom International BV - Segment
focus
Exhibit 79: Exhibits Environmental Systems Research
Institute Inc. - Segment focus Exhibit 100: Exhibits Trimble Inc. - Overview

Exhibit 80: Exhibits HERE Global BV - Overview Exhibit 101: Exhibits Trimble Inc. - Business segments

Exhibit 81: Exhibits HERE Global BV - Product and service Exhibit 102: Exhibits Trimble Inc. - Key offerings

Exhibit 82: Exhibits HERE Global BV - Key offerings Exhibit 103: Exhibits Trimble Inc. - Key customers

Exhibit 83: Exhibits HERE Global BV - Key customers Exhibit 104: Exhibits Trimble Inc. - Segment focus

Exhibit 84: Exhibits HERE Global BV - Segment focus Exhibit 105: Exhibits Verizon Communications Inc. -
Overview
Exhibit 85: Exhibits Microsoft Corp. - Overview
Exhibit 106: Exhibits Verizon Communications Inc. -
Exhibit 86: Exhibits Microsoft Corp. - Business segments Business segments

Exhibit 87: Exhibits Microsoft Corp. - Key offerings Exhibit 107: Exhibits Verizon Communications Inc. - Key
offerings
Exhibit 88: Exhibits Microsoft Corp. - Key customers
Exhibit 108: Exhibits Verizon Communications Inc. - Key
Exhibit 89: Exhibits Microsoft Corp. - Segment focus customers
Exhibit 90: Exhibits NavInfo Co. Ltd. - Overview
Exhibit 109: Exhibits Verizon Communications Inc. -
Segment focus

Exhibit 110: Exhibits Currency conversion rates for US$

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Exhibit 111: Exhibits Research Methodology Exhibit 131: Exhibits Bargaining power of suppliers

Exhibit 112: Exhibits Validation techniques employed for Exhibit 132: Exhibits Threat of new entrants
market sizing
Exhibit 133: Exhibits Threat of substitutes
Exhibit 113: Exhibits Information sources Exhibit 134: Exhibits Threat of rivalry

Exhibit 114: Exhibits List of abbreviations Exhibit 135: Exhibits Market condition - Five forces 2019

Exhibit 115: Exhibits Key Finding 1 Exhibit 136: Exhibits Type placement - Market share 2019-
2024 (%)
Exhibit 116: Exhibits Key Finding 2
Exhibit 137: Exhibits Comparison by Type placement
Exhibit 117: Exhibits Key Finding 3
Exhibit 138: Exhibits Chassis dyno - Market size and
Exhibit 118: Exhibits Key Finding 5 forecast 2019-2024 ($ million)
Exhibit 119: Exhibits Key Finding 6 Exhibit 139: Exhibits Chassis dyno - Year-over-year growth

Exhibit 120: Exhibits Key Finding 7 2019-2024 (%)

Exhibit 121: Exhibits Key Finding 8 Exhibit 140: Exhibits Engine dyno - Market size and forecast
2019-2024 ($ million)
Exhibit 122: Exhibits Market in focus
Exhibit 141: Exhibits Engine dyno - Year-over-year growth
Exhibit 123: Exhibits Parent market 2019-2024 (%)

Exhibit 124: Exhibits Market characteristics Exhibit 142: Exhibits Market opportunity by Type

Exhibit 125: Exhibits Product / Service portfolio of key Exhibit 143: Exhibits Customer landscape
vendors included in the market definition
Exhibit 144: Exhibits Market share by geography 2019-2024
Exhibit 126: Exhibits Market segments (%)

Exhibit 127: Exhibits Global - Market size and forecast 2019 Exhibit 145: Exhibits Geographic comparison
- 2024 ($ million)
Exhibit 146: Exhibits APAC - Market size and forecast 2019-
Exhibit 128: Exhibits Global market: Year-over-year growth 2024 ($ million)
2019 - 2024 (%)
Exhibit 147: Exhibits APAC - Year-over-year growth 2019-
Exhibit 129: Exhibits Five forces analysis 2019 & 2024 2024 (%)

Exhibit 130: Exhibits Bargaining power of buyers Exhibit 148: Exhibits North America - Market size and
forecast 2019-2024 ($ million)

Exhibit 149: Exhibits North America - Year-over-year growth


2019-2024 (%)

Exhibit 150: Exhibits Europe - Market size and forecast


2019-2024 ($ million)

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8
2024 (%)

Exhibit 152: Exhibits South America - Market size and


forecast 2019-2024 ($ million)

Exhibit 153: Exhibits South America - Year-over-year growth


2019-2024 (%)

COVERED IN THIS REPORT Exhibit 154: Exhibits MEA - Market size and forecast 2019-
2024 ($ million)

Exhibit 155: Exhibits MEA - Year-over-year growth 2019-


2024 (%)

Exhibit 156: Exhibits Key leading countries

Exhibit 157: Exhibits Market opportunity by geography ($


million)
Exhibit 158: Exhibits Impact
MARKETof drivers and challenges
OVERVIEW
The global drilling rig market report
Exhibit 159: Exhibits Vendor landscape
provides forecast and analysis at
global and disruption
Exhibit 160: Exhibits Landscape regional level as well as for
key countries during the period 2020-
2024. Our analysts expect the market
to grow by a CAGR of 6.52% through
2024.

GEOGRAPHIC LANDSCAPE
The report includes detailed
geographical analysis including all
major regions viz. North America,
South America, Europe, Asia Pacific
(APAC), and Middle East and Africa
(MEA). Our analysis indicates that
South America has the highest share.

KEY COUNTRIES
Based on the analysis of various
regions and their contribution to the
global market, we estimate that US,
Russian Federation, China, Saudi
Arabia and Canada will have the
highest revenue share globally. These
countries are expected to remain the
largest markets for drilling rig.

GROWTH & FORECAST


The drilling rig market is in the
fragmented with several players. The
market growth is expected to change
if the market structure changes due to
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industry consolidation or if some 9
vendors exit the market. Technavio
analysts estimate the market to grow
at a CAGR of 6.52% till 2024. During
the forecast period, the market will
show an accelerating growth of $18.35
billion. MARKET CHARACTERISTICS
Based on our current analysis, we
expect the drilling rig market to be
fragmented. The competitive structure
of the market is analyzed using
Porter’s five forces analysis. The
market analysis also includes key
challenges faced by the vendors as
well as trends and drivers which will
impact the market till 2024.
SEGMENTATION BY
APPLICATION
The market is segmented based on
geography as well as application. It
includes sub-segments such as
Onshore, Offshore. Growing demand
for new-generation automated drilling
rigs will be one of the key driving force
in the market through 2024. It is
expected to have a major impact on
Application.

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VENDORS COVERED IN THE REPORT


A detailed analysis of around 25 vendors is covered for drilling rig market. These vendors are spread across
various categories having dominant to weak presence in the market. A vendor with dominant presence has
significant control in the market and can influence in various ways including product/service launches, lobbying
for regulations, M&A, or geographical expansion. On the other hand, weak players generally have very low
market share or presence in very few geographical markets. These players generally play in the market with the
rules set by the leaders. All other market players (leading, strong, and tentative) fall in between dominant and
weak players in terms of market share and have varying level of influence on the market with their product and
services or geographical presence.

Archer Ltd.
China Oilfield Services
Ltd.
Helmerich & Payne Inc.
KCA Deutag Alpha Ltd.
Nabors Industries Ltd.
National Oilwell Varco
Inc.
Noble Corp. Plc
Patterson-UTI Energy
Inc.
Transocean Ltd.
Valaris Plc

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Technavio’s Market Sizing Methodology


! Technavio uses a robust market sizing approach to Various market sizing approaches used for developing a
estimate total opportunity size for any market. Some of the comprehensive view of the market and estimate its size in
examples of methodologies are shown for reference our report includes:

! Data is collected through both primary research (through " Top-down


industry interview with market participants and industry " Bottom-up
experts) as well as secondary research (through annual " Segmental extrapolation
reports, press releases, company and industry " Demand modeling
presentations, industry associations, journals and in-house
" Supply modeling
data repositories built over past 15 years)
" Econometric modeling
! Although our reports provide total opportunity size in " Input modeling
general, you can ask for deep-dive market sizing on various " Output modeling
regions, countries, and segments (refer to 'Customization " Comparative analysis
Available') " Primary research
" Combination of multiple approaches
Market sizing methodology

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MARKET OVERVIEW

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MARKET CHARACTERISTICS

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MARKET BY GEOGRAPHIC LANDSCAPE


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INCREMENTAL GROWTH
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KEY COUNTRIES
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CUSTOMIZATION AVAILABLE
Deep dive market size Company profiles: addition or new vendors including
Additional segments further deep dive profiling or market share analysis:
Additional region or country Brief overview
Vendor market share Headquarter/Geographical Presence
By region/country Revenue (Global/Regional/Country level)
By segment Employees
Volume data (historical and forecast) by Market share analysis
Region or country or segment Product/service portfolio
Up to 10-year historical forecast SWOT analysis
Detailed analysis Production locations and capacity
Regulatory landscape Average Selling Price (ASP) of product or
Mergers & Acquisitions services
List of distributors or customers Key News (Mergers and Acquisitions, New
Production, export or imports product launches, Geographical expansion, etc.)
Cost structure
Trends, drivers and challenges for specific region
or country or segment
Price analysis for products or services or regions
or country or segments
Installed based for products or services for
region or country
For health care sector: procedure volumes or
cost

Did not find the customization you are looking for? Contact Us
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