Horizontal Directional Drilling Market Growth, Size, Trends, Share, Revenue and Future Competition: SPER Market Research

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Published: Apr 2023	Report ID: MACH2325	Pages: 1 - 244	Formats^*:
Category : Equipment and Machinery

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 encompasses the sector that offers drilling services for the installation of underground pipelines, cables, and utility lines, without the need for surface excavation. This drilling technique, known as directional drilling, allows drillers to alter the drill bit's direction and guide it along a specific underground path. Compared to traditional drilling methods, directional drilling is preferred due to its minimal invasiveness, shorter completion time, lower costs, and reduced environmental disruption.

HDD technology finds extensive application across various industries, including oil and gas, telecommunications, and utilities. The demand for HDD services has witnessed significant growth as industries seek safer and more efficient approaches for installing underground infrastructure. The HDD market encompasses equipment manufacturers, drilling contractors, and service providers. With the increasing adoption of HDD technology by diverse industries to fulfil their underground drilling requirements, the market is projected to continue its expansion.

Exploring the Growth Drivers of the Global Horizontal Directional Drilling Industry.

The global market for Horizontal Directional Drilling (HDD) has experienced substantial growth in recent years. The increasing global energy demand is a key driver of this growth. With the growing need for energy, there is a high demand for oil and gas exploration and production. HDD technology enables more efficient and cost-effective drilling for oil and gas reserves. Additionally, the expansion of the telecommunications industry and the need for reliable communication infrastructure have contributed to the demand for HDD technology. HDDs are utilized for the installation of fiber optic cables, which are essential for the construction of dependable telecommunication networks.

What challenges does the Global Horizontal Directional Drilling Market face?

The global Horizontal Directional Drilling (HDD) market holds immense potential, but it also faces several challenges that need to be addressed. One major obstacle is the high cost associated with the technology. HDD operations require expensive equipment and skilled personnel, making it financially unviable for small businesses. Additionally, the use of HDD technology presents technical difficulties, such as the need for accurate mapping of underground obstacles, proper management of drilling fluids, and dealing with unforeseen obstacles encountered during the drilling process. Despite being a more environmentally-friendly option compared to traditional drilling methods, concerns remain about the potential environmental impact of HDD activities. The proper disposal of drilling fluids and the risk of contamination are significant issues that need attention.

In what ways has the COVID-19 pandemic affected Global Horizontal Directional Drilling Market?

The global horizontal directional drilling market has been affected by the outbreak of the coronavirus. The COVID-19 pandemic resulted in temporary suspensions of operations, production, and disruptions in the supply chain process. This has had a negative impact on industries that rely on horizontal directional drilling, causing a slowdown in the market's growth. The temporary halt of activities such as oil and gas excavation, utilities, and telecommunication in various countries has hindered the expansion of the market. However, as industries associated with these sectors recover, it is expected to drive the growth of the horizontal directional drilling market in the foreseeable future.

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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

Key Target Audience

Academia
General Public
Government Agencies
Industrial Companies
Investors
Research Firms

Global Horizontal Directional Drilling Market Segmentation:

1. By Technique:

Global Horizontal Directional Drilling Market Value Share and Forecast, By Technique, 2023-2033
Conventional
Rotary Steerable System

2. By Parts:

Global Horizontal Directional Drilling Market Value Share and Forecast, By Parts, 2023-2033
Bits
Pipes
Reamers
Rigs

3. By Application:

Global Horizontal Directional Drilling Market Value Share and Forecast, By Application, 2023-2033
Offshore
Onshore

4. By End User:

Global Horizontal Directional Drilling Market Value Share and Forecast, By End User, 2023-2033
Oil and Gas Excavation
Telecommunication
Utility
Others

5. By Region:

Asia-Pacific
Europe
Middle East & Africa
North America
Latin America

Key Topics Covered in the Report:

Global Horizontal Directional Drilling Market Size (FY’2023-FY’2033)
Overview of Global Horizontal Directional Drilling Market
Segmentation of Global Horizontal Directional Drilling Market By Technique (Conventional, Rotary Steerable System)
Segmentation of Global Horizontal Directional Drilling Market By Parts (Bits, Pipes, Reamers, Rigs)
Segmentation of Global Horizontal Directional Drilling Market By Application (Offshore, Onshore)
Segmentation of Global Horizontal Directional Drilling Market By End User (Oil and Gas Excavation, Telecommunication, Utility, Others)
Statistical Snap of Global Horizontal Directional Drilling Market
Growth Analysis of Global Horizontal Directional Drilling Market
Problems and Challenges in Global Horizontal Directional Drilling Market
Competitive Landscape in the Global Horizontal Directional Drilling Market
Impact of COVID-19 and Demonetization on Global Horizontal Directional Drilling Market
Details on Recent Investment in Global Horizontal Directional Drilling Market
Competitive Analysis of Global Horizontal Directional Drilling Market
Key Players in the Global Horizontal Directional Drilling Market
SWOT Analysis of Global Horizontal Directional Drilling Market
Global Horizontal Directional Drilling Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

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

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the Horizontal Directional Drilling Market?

Horizontal Directional Drilling Market is projected to reach USD 29.62 billion by 2033, growing at a CAGR of 13.26% during the forecast period.

What is the growth rate of the Horizontal Directional Drilling Market?

Horizontal Directional Drilling Market grew in market size from 2022. The Market is expected to reach USD 29.62 billion by 2033, at a CAGR of 13.26% during the forecast period.

What is the anticipated CAGR of the Horizontal Directional Drilling Market?

Horizontal Directional Drilling Market CAGR of 13.26% during the forecast period.

How can I get a sample report on the Horizontal Directional Drilling Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Horizontal Directional Drilling Market?

Horizontal Directional Drilling Market size is USD 29.62 billion from 2023 to 2033.

Which segment is expected to Horizontal Directional Drilling Market?

Horizontal Directional Drilling Market Segment is covered By Technique, By Parts, By Application, By End User.

Which region is expected to have the highest market share in the Horizontal Directional Drilling Market?

The North America region is anticipated to have the highest market share in the Horizontal Directional Drilling Market.

Who are the key players in Horizontal Directional Drilling Market?

The key players in the market include 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.

What is the conclusion of the Horizontal Directional Drilling Market?

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.