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Global Horizontal Directional Drilling Market: By Technique Type: Conventional, Rotary Steerable System; By Component: Rigs, Pipes, Bits, Others; By Application: Onshore, Offshore; By End Use: Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Horizontal Directional Drilling Market Outlook

The global horizontal directional drilling market attained a value of USD 8.71 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.78% to reach USD 12.92 billion by 2027.

 

Increasing Onshore Application to Augment the Global Market for Horizontal Directional Drilling

The market is divided into two categories based on HDD applications, namely, onshore and offshore. Onshore activities make use of horizontal directional drilling mechanisms for drilling pipes on land surfaces. On the other hand, offshore activities utilise these techniques for manoeuvring pipes at depths below the seabed .

 

Global Horizontal Directional Drilling Market

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The onshore application segment is expected to account for a considerable market share, as the onshore area is witnessing an increase in new exploration operations. Furthermore, due to an increasing emphasis on creating the least amount of disturbance to the public in the process of infrastructure development, the onshore segment is expected to witness an increased growth in the forecast period.

 

North America to be One of the Leading Regions in the Global Market for Horizontal Directional Drilling

North America is likely to be one of the leading regions in the global horizontal directional drilling industry. The regional market growth during the projected period can be attributed to the rising number of oil and gas and utility construction and infrastructure development projects in the area. A large number of oil exploration operations is being witnessed across the region, which will lead to additional drilling activities in these areas. Furthermore, the directional drilling sector is likely to be fuelled by a large number of mature oil wells in North America.

 

Horizontal Directional Drilling: Definition and Segmentation

Horizontal directional drilling, commonly known as directional drilling, is a trenchless method that involves the installation of underground pipes, cables, and cables in a shallow arc, according to the required drilling path using ground-launched drilling rigs. Drilling in a certain direction is a common strategy used by crude oil producers to access the most difficult wells and maximise output from the available acreage. In this regard, directional drilling is a technique that allows oil wells to be drilled at angles other than vertical, allowing for improved oil and gas reserves.

The market can be broadly classified, on the basis of technique type, into:

  • Conventional
  • Rotary Steerable System

On the basis of component, the market can be categorised into:

  • Rigs
  • Pipes
  • Bits
  • Reamers
  • Others

The market can be divided based on application into:

  • Onshore
  • Offshore

The market can be categorised, on the basis of end use, into:

  • Telecommunication 
  • Utility 
  • Others

The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Emphasis on the Adoption of Environment-Friendly Technologies to Bolster the Growth of the Global Horizontal Directional Drilling Industry

As a consequence of the booming oil and gas sector, the worldwide horizontal directional drilling activities have been gaining pace. The global market for horizontal directional drilling (HDD) is developing as a result of the rising emphasis on utilising eco-friendly drilling technologies, as the traditional way of drilling causes extensive environmental damage. Apart from this, the HDD approach provides higher precision with less power consumption as compared to vertical manoeuvring methods. Additionally, the market is also expected to be aided by the discoveries in shale operations. Furthermore, the rising demand for energy and fuel in developing countries, with rapid globalisation and urbanisation, is also expected to support the market. The overall market is expected to increase at an expeditious rate in the coming years due to the ongoing infrastructure and utility installations as well as increased research and innovations in the telecommunications industry, along with 5G testing.

 

Key Industry Players in the Global Horizontal Directional Drilling Market

The report presents a detailed analysis of the following key players in the global horizontal directional drilling market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • American Augers, Inc.
  • Ellingson Companies
  • Herrenknecht AG
  • Ferguson Michiana Inc.
  • Creighton Rock Drill Ltd.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technique Type, Component, Application, End Use, Region
Breakup by Technique Type Conventional, Rotary Steerable System
Breakup by Component Rigs, Pipes, Bits, Reamers, Others
Breakup by Application Onshore, Offshore
Breakup by End Use Telecommunication, Utility, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., Creighton Rock Drill Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Horizontal Directional Drilling Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Horizontal Directional Drilling Historical Market (2018-2022) 
    8.3    Global Horizontal Directional Drilling Market Forecast (2023-2028)
    8.4    Global Horizontal Directional Drilling Market by Technique Type
        8.4.1    Conventional
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Rotary Steerable System
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Horizontal Directional Drilling Market by Component
        8.5.1    Rigs
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Pipes
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Bits
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Reamers
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Horizontal Directional Drilling Market by Application
        8.6.1    Onshore
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Offshore
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Horizontal Directional Drilling Market by End Use
        8.7.1    Telecommunication
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Utility
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Others
    8.8    Global Horizontal Directional Drilling Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Horizontal Directional Drilling Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Horizontal Directional Drilling Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Horizontal Directional Drilling Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Horizontal Directional Drilling Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Horizontal Directional Drilling Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    American Augers, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Ellingson Companies
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Herrenknecht AG
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Ferguson Michiana Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Creighton Rock Drill Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Horizontal Directional Drilling Market: Key Industry Highlights, 2018 and 2028
2.    Global Horizontal Directional Drilling Historical Market: Breakup by Technique Type (USD Billion), 2018-2022
3.    Global Horizontal Directional Drilling Market Forecast: Breakup by Technique Type (USD Billion), 2023-2028
4.    Global Horizontal Directional Drilling Historical Market: Breakup by Component (USD Billion), 2018-2022
5.    Global Horizontal Directional Drilling Market Forecast: Breakup by Component (USD Billion), 2023-2028
6.    Global Horizontal Directional Drilling Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Horizontal Directional Drilling Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Horizontal Directional Drilling Historical Market: Breakup by End Use (USD Billion), 2018-2022
9.    Global Horizontal Directional Drilling Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10.    Global Horizontal Directional Drilling Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Horizontal Directional Drilling Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Horizontal Directional Drilling Market Structure

Key Questions Answered in the Report

In 2021, the global horizontal directional drilling market attained a value of nearly USD 8.71 billion.

The market is projected to grow at a CAGR of 6.78% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 12.92 billion by 2027.

The key drivers guiding the growth of the industry include the rising discoveries in shale operations, rising demand for energy and fuel in developing countries, booming oil and gas sector, heightened shift towards HDD due to higher precision and low power consumption, and growing infrastructure and utility installations.

The key market trends include the rising emphasis on the adoption of eco-friendly drilling mechanisms as well as the increasing research and innovations by the key industry players.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant technique types include conventional and rotary steerable system.

The significant components include rigs, pipes, bits, and reamers, among others.

The significant applications are onshore and offshore.

The significant end uses of the product include telecommunication, and utility, among others.

The major players in the industry are American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., Creighton Rock Drill Ltd., and others.

Analyst Review

The global horizontal directional drilling market attained a value of USD 8.71 billion in 2021, driven by the rising demand for energy and fuel in developing countries. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.78%. The market is projected to reach USD 12.92 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By technique type, the industry can be segmented into conventional and rotary steerable system. On the basis of component, the market is divided into rigs, pipes, bits, and reamers, among others. On the basis of application, the market is divided into onshore and offshore. By end use, the market is segmented into telecommunication, and utility, among others. The major regional markets for horizontal directional drilling are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., Creighton Rock Drill Ltd., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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