Market Research Logo

Global Oilfield Drilling Elevators Market 2019-2023

Global Oilfield Drilling Elevators Market 2019-2023

Global Oilfield Drilling Elevators Market: About this market

Oilfield drilling elevators are used to fasten drill pipes, drill collars, and the casing to raise and lower pipes in and out of the wellbore during oil and gas drilling operations. Technavio’s oilfield drilling elevators market analysis considers sales from both onshore and offshore applications. Our analysis also considers the sales of oilfield drilling elevators in APAC, Europe, North America, South America, and MEA. In 2018, the onshore segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing oil and E&P activities, especially in shale reserves, will play a significant role in the onshore segment to maintain its market position. Also, our global oilfield drilling elevators market report also looks at factors such as increasing global active rig count, growing upstream investments, rising global energy demand. However, challenges associated with rig floor operations, adoption of alternative energy sources, fluctuations in oil and gas prices may hamper the growth of the oilfield drilling elevators industry over the forecast period.

Global Oilfield Drilling Elevators Market: Overview

Increasing global active rig count

Oil and gas E&P activities are increasing worldwide, following the recovery of global crude oil prices. Owing to the increase in global crude oil prices, oil and gas companies are investing in oil and gas E&P projects to extract oil and gas, and thus enhance oil and gas production and earn greater profits. The increase in drilling activities will lead to a rise in the demand for oil and gas drilling rigs, and in turn, for oilfield drilling equipment such as oilfield drilling elevators. This demand for active rig count will lead to the expansion of the global oilfield drilling elevators market at a CAGR of almost 6% during the forecast period.

Advances in drilling elevator technology

Elevators in oilfield drilling rigs are used to handle drill pipes, drill collars, casings, and tubing pipes while drilling a wellbore. The safety of the crew while handling the rig floor equipment is important as any unsafe handling of the rig floor equipment can lead to accidents and injuries. Therefore, to address this issue, many companies are introducing innovative drilling elevator technology. The advances in drilling elevators can reduce the manual handling of tubular and drill pipes and help to lower the number of accidents on the rig floor. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global oilfield drilling elevators market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global oilfield drilling elevators market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield drilling elevators manufacturers, that include Forum Energy Technologies Inc., Frank's International NV, National Oilwell Varco Inc., Weatherford International Plc, and Yantai Jereh Oilfield Services Group Co. Ltd.

Also, the oilfield drilling elevators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Onshore - Market size and forecast 2018-2023
Offshore - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Advances in drilling elevator technology
Innovations in pipe handing systems
Rise in deepwater and ultra-deepwater projects
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Forum Energy Technologies Inc.
Frank's International NV
National Oilwell Varco Inc.
Weatherford International Plc
Yantai Jereh Oilfield Services Group Co. Ltd.
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Exhibit 01: Product overview
Exhibit 02: Global oilfield equipment and services market
Exhibit 03: Segments of global oilfield equipment and services market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ thousands)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Onshore - Market size and forecast 2018-2023 ($ thousands)
Exhibit 21: Onshore - Year-over-year growth 2019-2023 (%)
Exhibit 22: Offshore - Market size and forecast 2018-2023 ($ thousands)
Exhibit 23: Offshore - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: North America - Market size and forecast 2018-2023 ($ thousands)
Exhibit 29: North America - Year-over-year growth 2019-2023 (%)
Exhibit 30: MEA - Market size and forecast 2018-2023 ($ thousands)
Exhibit 31: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 32: APAC - Market size and forecast 2018-2023 ($ thousands)
Exhibit 33: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 34: Europe - Market size and forecast 2018-2023 ($ thousands)
Exhibit 35: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ thousands)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Forum Energy Technologies Inc. - Vendor overview
Exhibit 47: Forum Energy Technologies Inc. - Product segments
Exhibit 48: Forum Energy Technologies Inc. - Organizational developments
Exhibit 49: Forum Energy Technologies Inc. - Geographic focus
Exhibit 50: Forum Energy Technologies Inc. - Segment focus
Exhibit 51: Forum Energy Technologies Inc. - Key offerings
Exhibit 52: Frank's International NV - Vendor overview
Exhibit 53: Frank's International NV - Business segments
Exhibit 54: Frank's International NV - Organizational developments
Exhibit 55: Frank's International NV - Geographic focus
Exhibit 56: Frank's International NV - Segment focus
Exhibit 57: Frank's International NV - Key offerings
Exhibit 58: National Oilwell Varco Inc. - Vendor overview
Exhibit 59: National Oilwell Varco Inc. - Business segments
Exhibit 60: National Oilwell Varco Inc. - Organizational developments
Exhibit 61: National Oilwell Varco Inc. - Geographic focus
Exhibit 62: National Oilwell Varco Inc. - Segment focus
Exhibit 63: National Oilwell Varco Inc. - Key offerings
Exhibit 64: Weatherford International Plc - Vendor overview
Exhibit 65: Weatherford International Plc - Business segments
Exhibit 66: Weatherford International Plc - Organizational developments
Exhibit 67: Weatherford International Plc - Segment focus
Exhibit 68: Weatherford International Plc - Key offerings
Exhibit 69: Yantai Jereh Oilfield Services Group Co. Ltd. - Vendor overview
Exhibit 70: Yantai Jereh Oilfield Services Group Co. Ltd. - Business segments
Exhibit 71: Yantai Jereh Oilfield Services Group Co. Ltd. - Organizational developments
Exhibit 72: Yantai Jereh Oilfield Services Group Co. Ltd. - Geographic focus
Exhibit 73: Yantai Jereh Oilfield Services Group Co. Ltd. - Segment focus
Exhibit 74: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings
Exhibit 75: Validation techniques employed for market sizing
Exhibit 76: Definition of market positioning of vendors

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