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Global Oilfield Crown Block Market 2019-2023

Global Oilfield Crown Block Market 2019-2023

About this market

The increase in onshore and offshore oil and gas drilling projects, aswell as deepwater and ultra-deepwater Billing activities following the increase in global crude oil prices, has encouraged oil and gas companies to invest more in oil and gas projects. The increase in investments by these companies is attributed to the higher levels of profits that they can earn when global crude oil prices are high. The increase in drilling activities, in turn, leads to a rise in the demand for oil and gas drilling rigs. This, in turn, increases the demand for rig components and equipment. Technavio’s analysts have predicted that the oilfield crown block market will register a CAGR of almost 6% by 2023.

Market Overview

Rise in unconventional drilling activities

Shale is a low-permeability sedimentary rock formation, which contains trapped oil and gas inside. Shale rocks are a good source of where the structure of the rocks ensures that the oil or gas is not lost through any cracks. Harness oil and gas from shale involves the use of horizontal drilling and hydraulic fracturing.

Volatility in global crude oil price

Fluctuations in crude oil prices have an immediate effect on the performance and profitability of upstream oil and gas players. Thus, E&P projects are executed only when the revenue generated is high enough for the oil and gas companies to make sufficient profits. Therefore, any uncertainty in global crude oil prices is reflected in the form of lower investments in E&P projects and will have a negative impact.

For the detailed list of factors that will drive and challenge the growth of the oilfield crown block market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oilfield equipment and services market
      • Table Segments of global oilfield equipment and services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ thousands)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Onshore - Market size and forecast 2018-2023
      • Table Onshore - Market size and forecast 2018-2023 ($ thousands)
      • Table Onshore - Year-over-year growth 2019-2023 (%)
    • Offshore - Market size and forecast 2018-2023
      • Table Offshore - Market size and forecast 2018-2023 ($ thousands)
      • Table Offshore - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ thousands)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ thousands)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ thousands)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ thousands)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ thousands)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increase in upstream deepwater and ultra-deepwater projects
    • Advances in oilfield crown block-associated technologies
    • Declining cost of raw materials
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • American Block Inc.
      • Table American Block Inc. - Vendor overview
      • Table American Block Inc. - Organizational developments
      • Table American Block Inc. - Key offerings
    • CHENGDU ZHONGHANG MACHINERY CO.,LTD
      • Table CHENGDU ZHONGHANG MACHINERY CO.,LTD - Vendor overview
      • Table CHENGDU ZHONGHANG MACHINERY CO.,LTD - Key offerings
    • MHWirth
      • Table MHWirth - Vendor overview
      • Table MHWirth - Organizational developments
      • Table MHWirth - Key offerings
    • Puyang Sida Petroleum Machinery Co.,Ltd
      • Table Puyang Sida Petroleum Machinery Co.,Ltd - Vendor overview
      • Table Puyang Sida Petroleum Machinery Co.,Ltd - Key offerings
    • The Crosby Group
      • Table The Crosby Group - Vendor overview
      • Table The Crosby Group - Organizational developments
      • Table The Crosby Group - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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