Horizontal Directional Drilling Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Sweden, Italy, Spain, Netherlands, China, Japan, India, Korea, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2021 -2027

Report ID: GMI4996

Summary Methodology

Horizontal Directional Drilling Market size will witness strong growth from 2021 to 2027 propelled by increasing population and growing urbanization and industrialization. The global population is surging and is estimated to cross 8 billion by 2030. Growing population likely to create a huge demand in the energy sector.

In the developing countries, horizontal demand is increasing owing to increased exploration activities and oil and gas production linked to infrastructure upgrades and quality improvements. Due to its efficiency and environmentally friendly operation, the need for horizontal drilling is increasing rapidly. The adoption of horizontal drilling equipment along with the advancement of drilling rigs and global systems has helped to make significant progress in drilling activities that have the potential to generate demand for market growth.

Some of restraining factors, such as high costs, complex direct drilling systems, and the need for skilled technicians, can hinder the growth during the forecast period. In addition, the consumers are heavily investing in renewable resources to reduce carbon footprints and dependence on fossil fuels. As a result, greater attention to renewable energy sources could reduce dependence on oil & gas, which will have an impact on the oil industry, including the horizontal directional drilling market.

Horizontal directional drilling is one of the most effective ways to install underground drains with minimal damage to the surrounding ecosystem. Further, it offers high degree of accuracy compared to the conventional methods. Apart from the oil & gas sector, horizontal mining is used in other used industries such as minerals, materials, pipes, LNG pipelines, and telecommunications.

Government regulations regarding the oil & gas exploration is projected to influence horizontal directional drilling market growth. For instance, the European Parliament (EU) passed a new law on the protection of oil & gas trade. Under the law, oil exploration activities in EU water companies and oil & gas companies require a special report on potential hazards. On the other hand, in France, gas exploration work was banned under the Equipment Act 2011-835 of 13 July 2011. The sanctions are hindering the development of planned oil exploration activities in the region.

Based on technique, the market is segmented into conventional and rotary steerable systems. Rotary steerable drilling is likely to dominate the market during 2021 to 2027 compared to the convention drilling method. The rotary shaft is equipped with an adjustable speed motor that can drill a well in a short time, at a very low cost, and is much safer. Service providers invest to improve the rotary system to provide an efficient turning machine that can substantially improve the value even in harsh soil conditions.

In terms of application, the horizontal directional drilling market has been bifurcated into offshore and onshore. Offshore operations involve using horizontal directional techniques to control pipelines to the depths of the seabed, while onshore activities include the use of horizontal drilling techniques for drilling underground pipelines. Offshore drilling is expected to progress through 2027.

Asia Pacific horizontal directional drilling market is poised to showcase significant growth through 2027 impelled by expansion of manufacturing, construction, and expansion of telecommunications services. The key players are The Toro Company, Prime Drilling GmbH, American Augers, Ditch Witch, Vermeer Corporation, Ellingson Companies, XCMG Group, CNH Industrial America LLC, and Ellingson Companies. These prominent players are heavily investing in R&D to develop new products and services as a part of their strategy.

Horizontal Directional Drilling Market, By Technique, 2021 – 2027

  • Rotary steerable systems
  • Conventional

Market, By Application Type, 2021 – 2027

  • Offshore
  • Onshore

Market, By End-user, 2021 – 2027

  • Telecommunications
  • Power generations/utilities
  • Oil and gas
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • Canada
    • U.S.
  • Europe
    • Germany
    • Russia
    • France
    • U.K.
    • Italy
    • Sweden
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Company Profiles:

  • The Toro Company
  • Prime Drilling GmbH
  • American Augers
  • Ditch Witch
  • Vermeer Corporation
  • Ellingson Companies
  • XCMG Group
  • CNH Industrial America LLC
  • Ellingson Companies

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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