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Global Kelly Drive Market: By Type: Square Drill Pipe, Hexagonal Kelly, Others; By Application: Onshore, Offshore, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Kelly Drive Market Outlook
The global kelly drive market is expected to grow at a CAGR of 5.7% during the forecast period of 2023-2028. The global kelly drive market is being driven by factors such as high investment in onshore oil and gas drilling activities, which is resulting in the increased adoption of kelly drive for E&P ventures.
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Market Segmentation
A kelly drive is a kind of well drilling system mounted on an oil and gas drilling rig.
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The global kelly drive market can be broadly categorised based on segments like types, applications, and regions.
- Types:
- Square Drill Pipe
- Hexagonal Kelly
- Others
- Application:
- Onshore
- Offshore
- Others
The EMR report looks into the regional kelly drive markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The growing oil and gas drilling activities are leading to the growth of the global kelly drive market. Oil and gas companies are concentrating progressively on the automation of drilling rigs and related equipment. It is possible to compare and evaluate a large amount of data obtained by the sensors in automated drilling rigs to make the right decisions. Next-generation mechanical platforms use technology and software to combine drilling processes like drill bits, BHA, and other downhole devices with surface equipment. Also, drilling rig automation will reduce the risk of human errors and increase the efficiency of oil and gas drilling operations. These advantages of automated drilling rigs should allow oil and gas companies to substitute the kelly drive for top drive systems. Mechanical drilling rigs will emerge as a key factor driving the kelly drive market globally.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global kelly drive market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Liebherr-International Deutschland GmbH
- SANY Group Co., Ltd.
- Kelly Tractor Co.
- Bauer Maschinen GmbH
- Others
The EMR report gives an in-depth insight into the kelly drive 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- Type, Application, Region |
| Breakup by Type | Square Drill Pipe, Hexagonal Kelly, Others |
| Breakup by Application | Onshore, Offshore, 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 | Liebherr-International Deutschland GmbH, SANY Group Co., Ltd., Kelly Tractor Co., Bauer Maschinen GmbH, 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 Industry Opportunities and Challenges
8 Global Kelly Drive Market Analysis
8.1 Key Industry Highlights
8.2 Global Kelly Drive Historical Market (2018-2022)
8.3 Global Kelly Drive Market Forecast (2023-2028)
8.4 Global Kelly Drive Market by Type
8.4.1 Square Drill Pipe
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 Hexagonal Kelly
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Kelly Drive Market by Application
8.5.1 Onshore
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 Offshore
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 Others
8.6 Global Kelly Drive Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Liebherr-International Deutschland GmbH
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 SANY Group Co., Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Kelly Tractor Co.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Bauer Maschinen GmbH
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Kelly Drive Market: Key Industry Highlights, 2018 and 2028
2. Global Kelly Drive Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Kelly Drive Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Kelly Drive Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Kelly Drive Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Kelly Drive Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Kelly Drive Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Kelly Drive Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Kelly Drive Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Kelly Drive Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Kelly Drive Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Kelly Drive Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Kelly Drive Market Structure
Key Questions Answered in the Report
The global kelly drive market is projected to grow at a CAGR of 5.7% between 2021 and 2026.
The major drivers of the industry, such as the rising demand for energy, growing exploration and production (E&P) ventures, increasing oil and gas drilling activities, and growing technological advancements, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing automation of drilling rigs and the adoption of next-generation mechanical platforms.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Square drill pipe and hexagonal Kelly, among others, are the major kelly drive types in the industry.
The significant applications of the product include onshore and offshore segments, among others.
The major players in the industry are Liebherr-International Deutschland GmbH, SANY Group Co., Ltd., Kelly Tractor Co., and Bauer Maschinen GmbH, among others.
Analyst Review
The global kelly drive market is being driven by the growing drilling activities and increasing investment for oil and gas exploration activities by the major players. Aided by growing automation of drilling equipment and utlilisation of next-generation machineries, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5.7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the industry can be segmented into square drill pipe and hexagonal kelly, among others. On the basis of applications, the industry is categorised into onshore and offshore, among others. The major regional markets for kelly drive are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Liebherr-International Deutschland GmbH, SANY Group Co., Ltd., Kelly Tractor Co., and Bauer Maschinen GmbH, among 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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