The Oil Drilling Equipment Manufacturing industry has greatly benefited from a resurgence in the oil and gas extraction sector in the United States. During the past five years, the emergence of hydraulic fracturing technology and horizontal drilling techniques has significantly boosted demand for industry products. In the next five years, increasing commodity prices will likely drive demand, and the emphasis on environmental safety in oil and gas extraction is expected to increase, making it likely that such concerns will intensify.
This industry manufactures oil and gas drilling machinery and equipment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.