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Global Kelly Drive Market Size, Share, Analysis, Forecast: By Type: Square Drill Pipe, Hexagonal Kelly, Others; By Application: Onshore, Offshore, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Kelly Drive Market Outlook
The global kelly drive market is expected to grow at a CAGR of 5.70% during the forecast period of 2024-2032. 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Kelly Drive Market Analysis
8.1 Key Industry Highlights
8.2 Global Kelly Drive Historical Market (2018-2023)
8.3 Global Kelly Drive Market Forecast (2024-2032)
8.4 Global Kelly Drive Market by Type
8.4.1 Square Drill Pipe
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hexagonal Kelly
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Kelly Drive Market by Application
8.5.1 Onshore
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Offshore
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Kelly Drive Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Kelly Drive Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Kelly Drive Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Kelly Drive Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Kelly Drive Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Kelly Drive Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Liebherr-International Deutschland GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 SANY Group Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kelly Tractor Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bauer Maschinen GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Kelly Drive Market: Key Industry Highlights, 2018 and 2032
2. Global Kelly Drive Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Kelly Drive Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Kelly Drive Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Kelly Drive Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Kelly Drive Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Kelly Drive Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Kelly Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Kelly Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Kelly Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Kelly Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Kelly Drive Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Kelly Drive Market Forecast: Breakup by Country (USD Million), 2024-2032
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 5.70% between 2023 and 2032.
The major drivers of the market are rising demand for energy, growing exploration and production (E&P) ventures, increasing oil and gas drilling activities, and surging technological advancements.
The key trends guiding the growth of the market include the increasing automation of drilling rigs and the adoption of next-generation mechanical platforms.
The major regions in the market 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 global kelly drive market.
The significant applications of the product include onshore and offshore segments, among others.
The major players in the market 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 2024-2032, growing at a CAGR of 5.70%.
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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