Horizontal Directional Drilling Market
Description
An advanced drilling technique used in the construction industry to install underground infrastructure is referred a horizontal directional drilling (HDD). It helps reduce disruption to the surface and saves both time and cost. Drilling refers to a process of creating a curved tunnel from entry to exit point. The path is usually pre-planned, hence usage of advanced navigation technologies enable operators to adjust the drilling trajectory. This increases the adoption of HDD.
Horizontal directional drilling (HDD) is majorly used for offshore exploration projects. It offers an efficient solution for laying pipelines, cables, and other infrastructure in challenging environments. Thus, it helps save the cost and the need for methods like trenching. The demand for HDD is expected to increase in areas where offshore resource extraction is gaining momentum, such as the Gulf of Mexico, the North Sea, and offshore Africa
However, shortage of skilled labor hinders the growth of the horizontal directional drilling market. Usage of HDD requires knowledge in machine handling and underground construction techniques. There is a rise in need for trained professionals who can operate the complex machinery and manage the technical aspects of projects. Shortage of skilled labor leads to delay in project and increase in cost. This hinders the growth of the horizontal directional drilling market.
Rise in demand for reliable internet connectivity and expansion of fiber optic network are expected to foster technological advancements in HDD solutions. Advancements in technologies are expected to make way for creating substantial market opportunities for the growth of the horizontal directional drilling market.
The horizontal directional drilling market is segmented on the basis of part types, application, end user, and region. On the basis of part types, the Horizontal Directional Drilling Market trends is divided into Rigs, Pipes, Bits, Reamers. Based on applications, the Horizontal Directional Drilling Market analysis is segmented into onshore, and offshore. On the basis of end user, the Horizontal Directional Drilling Market Growth is classified oil & gas extraction, utility, telecommunication, others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa).
Recent Developments
in horizontal directional drilling Industry
In January 2024, SLB and Nabors Industries announced a strategic collaboration to accelerate the adoption of automated drilling solutions for oil and gas operators and drilling contractors. This partnership focuses on enabling customers to seamlessly integrate the companies' drilling automation applications with rig operating systems, offering access to a comprehensive range of advanced drilling automation technologies.
In July 2023, Ditch Witch, a leading provider of underground construction equipment and services, entered into an agreement with Heavy Equipment Colleges of America to offer training for Horizontal Directional Drilling (HDD) for both new & seasoned operators. This collaboration between Ditch Witch and Heavy Equipment Colleges of America aims to enhance the skills of HDD operators, ensuring that they are well-equipped to handle the challenges of underground construction.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the horizontal directional drilling market analysis from 2023 to 2033 to identify the prevailing horizontal directional drilling market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the horizontal directional drilling market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global horizontal directional drilling market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Parts
Rigs
Pipes
Bits
Reamers
By Application
Onshore
Offshore
By End Use
Oil and Gas Excavation
Utility
Telecommunication
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Barbco Inc.
SLB
NOV
Vermeer Corporation
American Augers
Laney Drilling
Herrenknecht AG
Epiroc AB
Wuhan Yichao Technology Equipment Co., Ltd
ElvaanThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Horizontal directional drilling (HDD) is majorly used for offshore exploration projects. It offers an efficient solution for laying pipelines, cables, and other infrastructure in challenging environments. Thus, it helps save the cost and the need for methods like trenching. The demand for HDD is expected to increase in areas where offshore resource extraction is gaining momentum, such as the Gulf of Mexico, the North Sea, and offshore Africa
However, shortage of skilled labor hinders the growth of the horizontal directional drilling market. Usage of HDD requires knowledge in machine handling and underground construction techniques. There is a rise in need for trained professionals who can operate the complex machinery and manage the technical aspects of projects. Shortage of skilled labor leads to delay in project and increase in cost. This hinders the growth of the horizontal directional drilling market.
Rise in demand for reliable internet connectivity and expansion of fiber optic network are expected to foster technological advancements in HDD solutions. Advancements in technologies are expected to make way for creating substantial market opportunities for the growth of the horizontal directional drilling market.
The horizontal directional drilling market is segmented on the basis of part types, application, end user, and region. On the basis of part types, the Horizontal Directional Drilling Market trends is divided into Rigs, Pipes, Bits, Reamers. Based on applications, the Horizontal Directional Drilling Market analysis is segmented into onshore, and offshore. On the basis of end user, the Horizontal Directional Drilling Market Growth is classified oil & gas extraction, utility, telecommunication, others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, Africa).
Recent Developments
in horizontal directional drilling Industry
In January 2024, SLB and Nabors Industries announced a strategic collaboration to accelerate the adoption of automated drilling solutions for oil and gas operators and drilling contractors. This partnership focuses on enabling customers to seamlessly integrate the companies' drilling automation applications with rig operating systems, offering access to a comprehensive range of advanced drilling automation technologies.
In July 2023, Ditch Witch, a leading provider of underground construction equipment and services, entered into an agreement with Heavy Equipment Colleges of America to offer training for Horizontal Directional Drilling (HDD) for both new & seasoned operators. This collaboration between Ditch Witch and Heavy Equipment Colleges of America aims to enhance the skills of HDD operators, ensuring that they are well-equipped to handle the challenges of underground construction.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the horizontal directional drilling market analysis from 2023 to 2033 to identify the prevailing horizontal directional drilling market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the horizontal directional drilling market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global horizontal directional drilling market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Parts
Rigs
Pipes
Bits
Reamers
By Application
Onshore
Offshore
By End Use
Oil and Gas Excavation
Utility
Telecommunication
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Barbco Inc.
SLB
NOV
Vermeer Corporation
American Augers
Laney Drilling
Herrenknecht AG
Epiroc AB
Wuhan Yichao Technology Equipment Co., Ltd
ElvaanThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
288 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate to high threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low to high intensity of rivalry
- 3.3.5. Moderate to high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Surge in Infrastructure Development in Telecommunications and Mineral Exploration Sectors
- 3.4.1.2. Advancements in drilling equipment
- 3.4.1.3. Rising urbanization and population growth
- 3.4.2. Restraints
- 3.4.2.1. High initial investments
- 3.4.3. Opportunities
- 3.4.3.1. Rising preference for underground cables to prevent power outages
- CHAPTER 4: HORIZONTAL DIRECTIONAL DRILLING MARKET, BY PARTS
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Rigs
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Pipes
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Bits
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Reamers
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- CHAPTER 5: HORIZONTAL DIRECTIONAL DRILLING MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Onshore
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Offshore
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- CHAPTER 6: HORIZONTAL DIRECTIONAL DRILLING MARKET, BY END USE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Oil and Gas Excavation
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Utility
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Telecommunication
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- CHAPTER 7: HORIZONTAL DIRECTIONAL DRILLING MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Parts
- 7.2.3. Market size and forecast, by Application
- 7.2.4. Market size and forecast, by End Use
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Parts
- 7.2.5.1.2. Market size and forecast, by Application
- 7.2.5.1.3. Market size and forecast, by End Use
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Parts
- 7.2.5.2.2. Market size and forecast, by Application
- 7.2.5.2.3. Market size and forecast, by End Use
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Parts
- 7.2.5.3.2. Market size and forecast, by Application
- 7.2.5.3.3. Market size and forecast, by End Use
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Parts
- 7.3.3. Market size and forecast, by Application
- 7.3.4. Market size and forecast, by End Use
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Parts
- 7.3.5.1.2. Market size and forecast, by Application
- 7.3.5.1.3. Market size and forecast, by End Use
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Parts
- 7.3.5.2.2. Market size and forecast, by Application
- 7.3.5.2.3. Market size and forecast, by End Use
- 7.3.5.3. UK
- 7.3.5.3.1. Market size and forecast, by Parts
- 7.3.5.3.2. Market size and forecast, by Application
- 7.3.5.3.3. Market size and forecast, by End Use
- 7.3.5.4. Rest of Europe
- 7.3.5.4.1. Market size and forecast, by Parts
- 7.3.5.4.2. Market size and forecast, by Application
- 7.3.5.4.3. Market size and forecast, by End Use
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Parts
- 7.4.3. Market size and forecast, by Application
- 7.4.4. Market size and forecast, by End Use
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Parts
- 7.4.5.1.2. Market size and forecast, by Application
- 7.4.5.1.3. Market size and forecast, by End Use
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Parts
- 7.4.5.2.2. Market size and forecast, by Application
- 7.4.5.2.3. Market size and forecast, by End Use
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Parts
- 7.4.5.3.2. Market size and forecast, by Application
- 7.4.5.3.3. Market size and forecast, by End Use
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Parts
- 7.4.5.4.2. Market size and forecast, by Application
- 7.4.5.4.3. Market size and forecast, by End Use
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Parts
- 7.4.5.5.2. Market size and forecast, by Application
- 7.4.5.5.3. Market size and forecast, by End Use
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Parts
- 7.5.3. Market size and forecast, by Application
- 7.5.4. Market size and forecast, by End Use
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Parts
- 7.5.5.1.2. Market size and forecast, by Application
- 7.5.5.1.3. Market size and forecast, by End Use
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Parts
- 7.5.5.2.2. Market size and forecast, by Application
- 7.5.5.2.3. Market size and forecast, by End Use
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Parts
- 7.5.5.3.2. Market size and forecast, by Application
- 7.5.5.3.3. Market size and forecast, by End Use
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Barbco Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. American Augers
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. SLB
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Laney Drilling
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Vermeer Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
- 9.6. Elvaan
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. Herrenknecht AG
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Wuhan Yichao Technology Equipment Co., Ltd
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. NOV
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Epiroc AB
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
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