The market for horizontal directional drilling (HDD) encompasses the industry that offers drilling services to install pipelines, utility lines, and cables underground without disturbing the surface. The drilling process is named directional drilling as it enables drilling contractors to modify the direction of the drill bit and steer it towards a specific underground path. This method is preferable to conventional drilling techniques since it is less invasive, more cost-effective, and causes minimal disruption to the environment.

HDD technology is prevalent in several sectors, such as oil and gas, telecommunications, and utility companies. As more industries seek safer and more efficient ways to lay underground infrastructure, the demand for HDD services has surged over time. The HDD market comprises manufacturers of drilling equipment, drilling contractors, and service providers. The market is projected to keep expanding as more industries adopt HDD technology to cater to their underground drilling requirements.

In recent years, the global horizontal directional drilling market has grown significantly. Increasing Demand for Energy is one of the primary growth drivers in the HDD sector. In addition, the growth of infrastructure, such as roads, bridges, and tunnels, has raised demand for HDD technology. HDD is utilized for trenchless underground infrastructure installation, which decreases construction's environmental impact and is more cost-effective than traditional excavation methods. Furthermore, environmental concerns are developing, and HDD technology is more environmentally friendly than older drilling methods. HDD decreases the environmental effect as well as the inconvenience to communities during drilling operations. Many governments throughout the world are investing in infrastructure development and renewable energy projects, which are propelling the expansion of the industry.

However, the horizontal directional drilling market is not without its challenges. Despite the tremendous potential opportunities for the global Horizontal Directional Drilling (HDD) market, the sector confronts various hurdles, including high costs, technical challenges, and many more. The high cost of the technology is one of the primary issues confronting the HDD business. HDD requires expensive equipment and expert employees to operate, making it less economical for smaller businesses. The use of HDD technology can bring various technical issues, such as the requirement for accurate mapping of underground barriers, managing drilling fluids, and coping with unforeseen obstacles during the drilling operation. Although HDD is more environmentally benign than traditional drilling methods, there are still worries about the possible environmental impact of drilling activities. 

The impact of the coronavirus outbreak temporarily halted the operation, production, and supply chain processes in the horizontal directional drilling sector. Industries associated to the utilization of horizontal directional drilling are projected to regress, slowing the growth of the horizontal directional drilling market. The temporary halt of oil and gas excavation, utilities, and telecommunication in several nations in the first half of 2020 has harmed market growth. However, sectors associated to the utilization of these marketplaces are likely to be back on track. This is expected to drive market expansion throughout the forecast period.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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.

By Technique: Based on the Technique, Global Horizontal Directional Drilling Market is segmented as; Conventional, Rotary Steerable System.

By Parts: Based on the Parts, Global Horizontal Directional Drilling Market is segmented as; Bits, Pipes, Reamers, Rigs.

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.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.