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Global OilField Equipment Rental Market 2017-2021

Global OilField Equipment Rental Market 2017-2021

About Oilfield Equipment Rental

The rental oilfield equipment is basically used for extraction of oil and gas from the reservoirs. End-users take such equipment on a rental basis to reduce the capital cost incurred.

Technavio’s analysts forecast the global oilfield equipment rental market to grow at a CAGR of 4.76% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global oilfield equipment rental market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new shipments in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oilfield Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of operating in this market.

Key vendors
  • Ensign Energy Services
  • Halliburton
  • Precision Drilling
  • Schlumberger
  • Weatherford
Other prominent vendors
  • AOS ORWELL
  • Basic Energy Services
  • FMC Technologies
  • IOT GROUP
  • Key Energy Services
  • Knight Oil Tools
  • Oil States International
  • Parker Drilling
  • RPC
  • Superior Energy Services
Market driver
  • Development of unconventional oil and gas resources/hydrocarbon exploration
  • For a full, detailed list, view our report
Market challenge
  • Global downturn in oil industry and crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Emerging offshore opportunities
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are in this market space?
  • What are the market opportunities and threats faced by the key vendors??
  • What are the strengths and weaknesses of the key vendors??


Press Release

Technavio Announces the Publication of its Research Report – Global Oilfield Equipment Rental Market 2017-2021

Technavio recognizes the following companies as the key players in the global oilfield equipment rental market: Ensign Energy Services, Halliburton, Precision Drilling, Schlumberger, and Weatherford.

Other Prominent Vendors in the market are: AOS ORWELL, Basic Energy Services, FMC Technologies, IOT GROUP, Key Energy Services, Knight Oil Tools, Oil States International, Parker Drilling, RPC, and Superior Energy Services.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emerging offshore opportunities. The offshore oil and gas industry has faced numerous challenges that include high operational costs that have been exacerbated by lower global oil prices. Since 2015, low global oil prices have forced the international oil companies (IOCs) to decrease their investments in offshore development.”

According to the report, one of the major drivers for this market is development of unconventional oil and gas resources/hydrocarbon exploration. Though the major hydrocarbon-rich regions in the world were identified in the early 20th century, the E&P companies are now focusing on unconventional areas for exploration and production purposes. These unconventional resources are the oil and gas bearing reservoirs that cannot be extracted economically.

Further, the report states that one of the major factors hindering the growth of this market is global downturn in oil industry and crude oil prices. Crude oil prices are decreasing since mid-2014, and this is having an impact on the overall oil and gas industry. The decline in crude oil prices is a major challenge for the oilfield equipment companies. Many operators are closing their wells and rigs as the revenue generated is not equal to the expenditure.

Companies Mentioned

Ensign Energy Services, Halliburton, Precision Drilling, Schlumberger, Weatherford, AOS ORWELL, Basic Energy Services, FMC Technologies, IOT GROUP, Key Energy Services, Knight Oil Tools, Oil States International, Parker Drilling, RPC, and Superior Energy Services.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Different stages in value chain of petroleum
      • Table Oil and gas upstream activity stages
      • Table Overview of drilling equipment types
      • Table Types of drill bits
      • Table Pressure and control valve overview
  • Market landscape
    • Market overview
      • Table Overview of global oilfield equipment rental market
    • Market size and forecast
      • Table Global oilfield equipment rental market 2016-2021 ($ billions)
      • Table World oil reserves 2016 (%)
      • Table Market segmentation by geography 2021
      • Table Market segmentation by application 2021
      • Table Market segmentation by product 2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Oilfield equipment rental market by application
      • Table Global oilfield equipment rental market by application 2016-2021 (%)
      • Table Global oilfield equipment rental market by application 2016-2021 ($ billions)
    • Global onshore oilfield equipment rental market
      • Table Global onshore oilfield equipment rental market 2016-2021 ($ billions)
    • Global offshore oilfield equipment rental market
      • Table Global offshore oilfield equipment rental market 2016-2021 ($ billions)
      • Table Types of offshore facilities
      • Table Type, location, number, and size of North Sea oil and gas installations
  • Market segmentation by product
    • Table Global oilfield equipment rental market by products 2016 and 2021 (%)
    • Table Global oilfield equipment rental market by products 2016-2021 ($ billions)
    • Drilling equipment
      • Table Global oilfield equipment rental market by drilling equipment 2016-2021 ($ billions)
    • Pressure and control valves
      • Table Global oilfield equipment rental market by pressure and control valves 2016-2021 ($ billions)
  • Geographical segmentation
    • Global oilfield equipment rental market by geography
      • Table Global oilfield equipment rental market by geographical segmentation in 2016-2021 (%)
      • Table Global oilfield equipment rental market by geographical segmentation in 2016-2021 ($ billions)
    • Oilfield equipment rental market in Americas
      • Table Oilfield equipment rental market in Americas 2016-2021 ($ billions)
    • Oilfield equipment rental market in EMEA
      • Table Oilfield equipment rental market in EMEA 2016-2021 ($ billions)
    • Oilfield equipment rental market in APAC
      • Table Oilfield equipment rental market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Shifting basis of hydrocarbon exploration
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Share of fossil fuels in global energy mix 2014 and 2035
      • Table Global rig count 2014-2016 (values in number of rigs)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Emerging offshore opportunities
    • Rising investment in patents
      • Table List of some key patents
    • Advances in EOR technology
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Ensign Energy Services
      • Table Ensign Energy Services: Key products
    • Halliburton
      • Table Halliburton: Key products
    • Precision Drilling
      • Table Precision Drilling: Key products
    • Schlumberger
      • Table Schlumberger: Key products
    • Weatherford
      • Table Weatherford: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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