Middle East Oilfield Equipment Rental Market Size, Share & Trends Analysis Report By Type (Drilling Equipment, Pressure & Flow Control, Fishing Equipment), By Application (Onshore, Offshore), By Country, And Segment Forecasts, 2025 - 2033
Description
Middle East Oilfield Equipment Rental Market Summary
The Middle East oilfield equipment rental market size was estimated at USD 5,604.3 million in 2024 and is projected to reach USD 8,786.0 million by 2033, growing at a CAGR of 5.2% from 2025 to 2033. The market is driven by rising exploration and production (E&P) activities across the region, increasing demand for cost-effective solutions that reduce capital expenditure for oil & gas operators, and the growing preference for flexible rental models over equipment ownership.
In addition, ongoing investments in upstream projects, technological advancements in drilling and well intervention tools, and supportive government policies aimed at enhancing hydrocarbon production are further boosting market growth. The volatility of oil prices is pushing operators to adopt rental models instead of purchasing new equipment. By renting drilling rigs, pressure control systems, and well intervention tools, companies can reduce upfront capital expenditure, maintain operational flexibility, and better manage financial risk during market fluctuations.
Middle East Oilfield Equipment Rental Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East oilfield equipment rental market report based on type, application, and country.
The Middle East oilfield equipment rental market size was estimated at USD 5,604.3 million in 2024 and is projected to reach USD 8,786.0 million by 2033, growing at a CAGR of 5.2% from 2025 to 2033. The market is driven by rising exploration and production (E&P) activities across the region, increasing demand for cost-effective solutions that reduce capital expenditure for oil & gas operators, and the growing preference for flexible rental models over equipment ownership.
In addition, ongoing investments in upstream projects, technological advancements in drilling and well intervention tools, and supportive government policies aimed at enhancing hydrocarbon production are further boosting market growth. The volatility of oil prices is pushing operators to adopt rental models instead of purchasing new equipment. By renting drilling rigs, pressure control systems, and well intervention tools, companies can reduce upfront capital expenditure, maintain operational flexibility, and better manage financial risk during market fluctuations.
Middle East Oilfield Equipment Rental Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East oilfield equipment rental market report based on type, application, and country.
- Type Outlook (Revenue, USD Million, 2021 - 2033)
- Drilling Equipment
- Drill Pipe
- Drill Collar
- Hevi-Wate
- Others
- Pressure & Flow Control
- Blow Out Preventer
- Valves & Manifolds
- Others
- Fishing Equipment
- Others
- Application Outlook (Revenue, USD Million, 2021 - 2033)
- Offshore
- Onshore
- Country Outlook (Revenue, USD Million, 2021 - 2033)
- Saudi Arabia
- Oman
- UAE
- Qatar
- Kuwait
Table of Contents
100 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Research Methodology
- 1.3. Research Scope & Assumption
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR’s Internal Database
- 1.4.3. Secondary Applications & Third-Party Perspectives
- 1.4.4. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
- Chapter 3. Middle East Oilfield Equipment Rental Market Variables, Trends & Scope
- 3.1. Penetration and Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.3. Capacity Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenge Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis: Middle East Oilfield Equipment Rental Market
- 3.6.1. Industry Analysis - Porter’s
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer power
- 3.6.1.3. Threat of substitutes
- 3.6.1.4. Threat of new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Economic Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technological Landscape
- 3.6.2.5. Environmental Landscape
- 3.6.2.6. Legal Landscape
- 3.7. Economic Mega Trend Analysis
- Chapter 4. Middle East Oilfield Equipment Rental Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2024 & 2033
- 4.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.2. Drilling Equipment
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.2.2. Drill Pipe
- 4.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.2.3. Drill Collar
- 4.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.2.4. Hevi-Wate
- 4.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.2.5. Others
- 4.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3. Pressure & Flow Control
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3.2. Blow Out Preventer
- 4.3.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3.3. Valves & Manifolds
- 4.3.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.3.4. Others
- 4.3.5. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.4. Fishing Equipment
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Middle East Oilfield Equipment Rental Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2024 & 2033
- 5.2. Onshore
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 5.3. Offshore
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Middle East Oilfield Equipment Rental Market: Country Estimates & Trend Analysis
- 6.1. Country Movement Analysis & Market Share, 2024 & 2033
- 6.1.1. Saudi Arabia
- 6.1.1.1. Macroeconomic Outlook
- 6.1.1.2. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.1.1.3. Market estimates and forecasts, by Type, 2021 - 2033 (USD Million)
- 6.1.1.4. Market estimates and forecasts, by Application, 2021 - 2033 (USD Million)
- 6.1.2. UAE
- 6.1.2.1. Macroeconomic Outlook
- 6.1.2.2. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.1.2.3. Market estimates and forecasts, by Type, 2021 - 2033 (USD Million)
- 6.1.2.4. Market estimates and forecasts, by Application, 2021 - 2033 (USD Million)
- 6.1.3. Oman
- 6.1.3.1. Macroeconomic Outlook
- 6.1.3.2. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.1.3.3. Market estimates and forecasts, by Type, 2021 - 2033 (USD Million)
- 6.1.3.4. Market estimates and forecasts, by Application, 2021 - 2033 (USD Million)
- 6.1.4. Qatar
- 6.1.4.1. Macroeconomic Outlook
- 6.1.4.2. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.1.4.3. Market estimates and forecasts, by Type, 2021 - 2033 (USD Million)
- 6.1.4.4. Market estimates and forecasts, by Application, 2021 - 2033 (USD Million)
- 6.1.5. Kuwait
- 6.1.5.1. Macroeconomic Outlook
- 6.1.5.2. Market estimates and forecasts, 2021 - 2033 (USD Million)
- 6.1.5.3. Market estimates and forecasts, by Type, 2021 - 2033 (USD Million)
- 6.1.5.4. Market estimates and forecasts, by Application, 2021 - 2033 (USD Million)
- Chapter 7. Middle East Oilfield Equipment Rental Market: Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Dashboard Analysis
- 7.4. Company Market Share Analysis, 2024
- 7.5. Company Positioning Analysis, 2024
- 7.6. Company Heat Map Analysis, 2024
- 7.7. Strategy Mapping
- 7.8. Company Profiles
- 7.8.1. Petro Pipe Oilfield Equipment Rentals L.L.C.
- 7.8.1.1. Participant’s overview
- 7.8.1.2. Financial performance
- 7.8.1.3. Product benchmarking
- 7.8.1.4. Recent developments
- 7.8.2. SLB
- 7.8.2.1. Participant’s overview
- 7.8.2.2. Financial performance
- 7.8.2.3. Product benchmarking
- 7.8.2.4. Recent developments
- 7.8.3. Halliburton
- 7.8.3.1. Participant’s overview
- 7.8.3.2. Financial performance
- 7.8.3.3. Product benchmarking
- 7.8.3.4. Recent developments
- 7.8.4. Baker Hughes Company
- 7.8.4.1. Participant’s overview
- 7.8.4.2. Financial performance
- 7.8.4.3. Product benchmarking
- 7.8.4.4. Recent developments
- 7.8.5. Weatherford
- 7.8.5.1. Participant’s overview
- 7.8.5.2. Financial performance
- 7.8.5.3. Product benchmarking
- 7.8.5.4. Recent developments
- 7.8.6. Hot-Hed International
- 7.8.6.1. Participant’s overview
- 7.8.6.2. Financial performance
- 7.8.6.3. Product benchmarking
- 7.8.6.4. Recent developments
- 7.8.7. Bois BV.
- 7.8.7.1. Participant’s overview
- 7.8.7.2. Financial performance
- 7.8.7.3. Product benchmarking
- 7.8.7.4. Recent developments
- 7.8.8. RYSGAL OILFIELD SERVICES
- 7.8.8.1. Participant’s overview
- 7.8.8.2. Financial performance
- 7.8.8.3. Product benchmarking
- 7.8.8.4. Recent developments
- 7.8.9. Saltire Energy Group.
- 7.8.9.1. Participant’s overview
- 7.8.9.2. Financial performance
- 7.8.9.3. Product benchmarking
- 7.8.9.4. Recent developments
- 7.8.10. AOSS DMCC
- 7.8.10.1. Participant’s overview
- 7.8.10.2. Financial performance
- 7.8.10.3. Product benchmarking
- 7.8.10.4. Recent developments
- 7.8.11. Kuwait Drilling CO. K.S.C.C.
- 7.8.11.1. Participant’s overview
- 7.8.11.2. Financial performance
- 7.8.11.3. Product benchmarking
- 7.8.11.4. Recent developments
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