Market Research Logo

Global Oil and Gas Fishing Tools Market 2015-2019

Global Oil and Gas Fishing Tools Market 2015-2019

Covering: This market research provides a detailed analysis and segmentation of the global oil and gas fishing tools market by tool type (internal & external catching, milling tools, jarring assemblies, junk baskets, accessories, remedial and repair, washover, drillpipe and casing cutters, safety joints, and reverse units and power swivels), by application (onshore and offshore), and by geography (EMEA, APAC, and the Americas). Key vendors are Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford International.

Market outlook of the global oil and gas fishing tools market

Technavio market research analysts estimate the global oil and gas fishing tools market to show moderate growth during the forecast period. Much of this growth can be attributed to the growing exploration and production (E&P) activities, which is driven by the escalating demand for energy from across the globe. Also, the recent increase in offshore drilling and completion activities is envisaged to result in this markets healthy revenue generation capacity of around USD 4 billion by 2019.

Geographically, the Americas are expected to account for more than 59% of the total market share by 2019. The completion of unconventional oil and gas resources coupled with the rise in exploration of deep and ultra-deep water reserves that are commercially and economically viable are some of the major factors that incite market growth in this region during the forecast period.

Segmentation by tool type and analysis of the oil and gas fishing tools market
Internal & external catching
Milling tools
Jarring assemblies
Junk baskets
Accessories
Remedial and repair
Washover
Drillpipe and casing cutters
Safety joints
Reverse units and power swivels

In this market research report, Technavio analysts estimate the internal and external catching segment to dominate over all the other segments during the forecast period. This segment is envisaged to account for more than 21% of the total market share by 2019 and is heavily influenced by factors like the recent increase in drilling and well completion activities.

Application-based segmentation of the oil and gas fishing tools market
Offshore
Onshore

Technavios market research analyst estimates the onshore segment to be the largest market segment during the forecast period. The prospects for growth in this segment are driven by factors like the increasing focus on unconventional reserves like shale gas and tar sands reservoirs, which results in its impressive market share of more than 65% by 2019.

Competitive landscape and key vendors
This market is estimated to grow at a steady pace during the forecast period and consists of numerous vendors due to its high-growth potential. The launch of new products by the local vendors is estimated to intensify the level of competition in this market as they offer advantages like product customization features. Also, it has been estimated that the companies that have a strong financial standing and substantial technical expertise are expected to gain maximum traction in this market during the forecast period.

Key vendors in this market are -
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford International

Other prominent vendors analyzed in this market research are Bilco Tools, Logan Oil Tools, Magnum Oil Tool International, Oil Tools International Services Private, Schoeller Bleckmann Oilfield Equipment, and Wenzel Downhole Tools.

Key questions answered in the report include
What will the market size and the growth rate be in 2019
What are the key factors driving the global oil and gas fishing tools market
What are the key market trends impacting the growth of the global oil and gas fishing tools market
What are the challenges to market growth
Who are the key vendors in the global oil and gas fishing tools market
What are the market opportunities and threats faced by the vendors in the global oil and gas fishing tools market
Trending factors influencing the market shares of the EMEA, Americas, and APAC
What are the key outcomes of the five forces analysis of the global oil and gas fishing tools market

Technavio also offers customization on reports based on specific client requirement.

Related reports
Global Gas and Oil Drill Bits Industry - Market Research 2015-2019
Global Downhole Drilling Tools Market 2015-2019
Global Offshore Drilling Market 2014-2018
Drill Pipe Market in the Middle East 2015-2019


Press Release

Technavio Announces the Publication of its Research Report Global Fishing Tools Equipment 2015-2019

Technavio recognizes the following companies as the key players in the Global Fishing Tools Equipment: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger and Weatherford International

Other Prominent Vendors in the market are: Bilco Tools, Logan Oil Tools, Magnum Oil Tool International, Oil Tools International Services Private, Schoeller Bleckmann Oilfield Equipment, and Wenzel Downhole Tools.

Commenting on the report, an analyst from Technavios team said: The advancements in rig technology will contribute to the increasing drilling efficiency and decreasing cost of drilling. This trend will allow the number of wells drilled to grow at a higher rate than the growth in the number of active rigs.

According to the report, increased demand for oil and gas is one of the major drivers in the global oil and gas fishing tools market. Expansion of oil and gas exploration and drilling activities is expected to stimulate the growth of the market in the near future. The growing demand for oil and gas will drive large investment in state-of-the-art technology to increase the efficiency of fishing tools, ensuring continuity in drilling and well completion activities.

Further, the report states that the requirement of skilled and experienced workforces and the development of alternative technologies such as side-tracking and directional drilling are major challenges to the growth of the market.

Companies Mentioned

Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford International, Bilco Tools, Logan Oil Tools, Magnum Oil Tool International, Oil Tools International Services Private, Schoeller Bleckmann Oilfield Equipment, Wenzel Downhole Tools.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview of global upstream oil and gas sector
      • Table Number of wells drilled 2014 and 2019
  • Market landscape
    • Market overview
      • Table Market segmentation
    • Market size and forecast
      • Table Global oil and gas fishing tools market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by Tool Type
    • Global oil and gas fishing tools market by tool type 2014
      • Table Global oil and gas fishing tools market 2014
    • Global oil and gas fishing tools market by tool type 2019
      • Table Global oil and gas fishing tools market 2019
    • Global oil and gas fishing tools market by tool type 2014-2019
      • Table Global oil and gas fishing tools market 2014-2019
    • Global oil and gas fishing tools market by internal and external catch
      • Table Global oil and gas fishing tools market by internal and external catch 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by milling tools
      • Table Global oil and gas fishing tools market by milling tools 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by jarring assemblies
      • Table Global oil and gas fishing tools market by jarring assemblies 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by junk baskets
      • Table Global oil and gas fishing tools market by junk baskets 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by accessories
      • Table Global oil and gas fishing tools market by accessories 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by drillpipe and casing cutters
      • Table Global oil and gas fishing tools market by drillpipe and casing cutters 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by remedial and repair
      • Table Global oil and gas fishing tools market by remedial and repair 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by washover
      • Table Global oil and gas fishing tools market by remedial and repair 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by safety joints
      • Table Global oil and gas fishing tools market by safety joints 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by reverse units and power swivels
      • Table Global oil and gas fishing tools market by Reverse units and power swivels 2014-2019 ($ millions)
  • Market segmentation by application
    • Global oil and gas fishing tools market by application 2014
      • Table Global oil and gas fishing tools market by application 2014
    • Global oil and gas fishing tools market by application 2019
      • Table Global oil and gas fishing tools market by application 2019
    • Global oil and gas fishing tools market by application 2014-2019
      • Table Global oil and gas fishing tools market by application 2014-2019
    • Global oil and gas fishing tools market by onshore
      • Table Global oil and gas fishing tools market by onshore 2014-2019 ($ millions)
    • Global oil and gas fishing tools market by offshore
      • Table Global oil and gas fishing tools market by offshore 2014-2019 ($ millions)
  • Geographical segmentation
    • Global oil and gas fishing tools market by geographical segmentation 2014
      • Table Global oil and gas fishing tools market by geographical segmentation 2014
    • Global oil and gas fishing tools market by geographical segmentation 2019
      • Table Global oil and gas fishing tools market by geographical segmentation 2019
    • Global oil and gas fishing tools market by geographical segmentation 2014-2019
      • Table Global oil and gas fishing tools market by geographical segmentation 2014-2019
    • Oil and gas fishing tools market in Americas
      • Table Oil and gas fishing tools market in Americas 2014-2019 ($ millions)
    • Oil and gas fishing tools market in APAC
      • Table Oil and gas fishing tools market in APAC 2014-2019 ($ millions)
    • Oil and gas fishing tools market in EMEA
      • Table Oil and gas fishing tools market in EMEA 2014-2019 ($ millions)
  • Key leading countries
  • Market drivers
    • Table Global oil and gas consumption 2009-2014
    • Table Percentage of US oil and natural gas from tight oil and shale gas 2005-2020F
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table WTI spot price July 2014-July 2015 ($/bbl)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Baker Hughes
      • Table Baker Hughes: Business segmentation by revenue 2014
      • Table Baker Hughes: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Baker Hughes: Geographical segmentation by revenue 2014
    • Halliburton
      • Table Halliburton: Business segmentation by revenue 2014
      • Table Halliburton: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Halliburton: Geographical segmentation by revenue 2014
    • Schlumberger
      • Table Schlumberger: Business segmentation by revenue 2014
      • Table Schlumberger: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Schlumberger: Geographical segmentation by revenue 2014
    • National Oilwell Varco
      • Table National Oilwell Varco: Business segmentation by revenue 2014
      • Table National Oilwell Varco: Business segmentation by revenue 2013 and 2014 ($ millions)
      • Table National Oilwell Varco: Geographical segmentation by revenue 2014
    • Weatherford International
      • Table Weatherford International: Product segmentation
      • Table Weatherford: Business segmentation by revenue 2014
      • Table Weatherford: Geographical segmentation by revenue 2014
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report