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Global Oilfield Rotary Table Market 2019-2023

Global Oilfield Rotary Table Market 2019-2023

Global Oilfield Rotary Table Market: About this market

A rotary table is a device, which is fitted on an oil and gas drilling rig. It is used to transfer the rotary motion to the kelly drive system. thereby rotating the drill string to facilitate the process of drilling an oil or gas well. Technavio’s oilfield rotary table market analysis considers sales from both onshore and offshore application. Our analysis also considers the sales of oilfield rotary table 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 gas 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 rotary table market report also looks at factors such as growing upstream oil and gas investments, rising global oil and gas demand, increasing global active rig count. However, increasing adoption of top drive system-equipped drilling rigs, volatility in global crude oil prices, stringent regulations on environmental pollution from oil and gas E&P operations may hamper the growth of the oilfield rotary table industry over the forecast period.

Global Oilfield Rotary Table Market: Overview

Increasing global active rig count

Globally, oil and gas E&P activities are increasing with the gradual recovery in global crude oil prices. With crude oil prices rising, oil and gas companies are investing in oil and gas E&P projects to extract oil and gas from unexplored reserves and enhance production from existing oil and gas reservoirs and thus, increase their profits. Increasing drilling activities will lead to a rise in the demand for oil and gas drilling rigs. This increasing global active rig count will lead to the expansion of the global oilfield rotary table market at a CAGR of almost 6% during the forecast period.

Emergence of automated drilling rigs

The oil and gas industry have developed many automated oil and gas drilling rig technologies. For instance, Sekal AS, an international technology company, offers real-time dynamic monitoring and integrated drilling process automation in the oil and gas industry. The company provides DrillTronics, a powerful tool for enhancing the safety and efficiency of oil and gas drilling operations. The automation of drilling rigs will increase the efficiency of oil and gas drilling operations, and thus, oil and gas companies will prefer less expensive rotary table and kelly drive systems over top drive systems on drilling rigs. 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 rotary table market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global oilfield rotary table 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 rotary table manufacturers, that include Chengdu Zhonghang Machinery Co. Ltd., CMIC Ocean En-Tech Holding Co. Ltd., MHWirth AS, National Oilwell Varco Inc., RM Holding BV, and Schlumberger Ltd.

Also, the oilfield rotary table 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.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Product overview
    • 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
    • Emergence of automated drilling rigs
    • Declining cost of raw materials
    • Increase in deepwater and ultra-deepwater upstream projects
  • 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
    • Chengdu Zhonghang Machinery Co. Ltd.
      • Table Chengdu Zhonghang Machinery Co. Ltd. - Vendor overview
      • Table Chengdu Zhonghang Machinery Co. Ltd. - Geographic focus
      • Table Chengdu Zhonghang Machinery Co. Ltd. - Key offerings
    • CMIC Ocean En-Tech Holding Co. Ltd.
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Vendor overview
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Business segments
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Organizational developments
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Geographic focus
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Segment focus
      • Table CMIC Ocean En-Tech Holding Co. Ltd. - Key offerings
    • MHWirth AS
      • Table MHWirth AS - Vendor overview
      • Table MHWirth AS - Organizational developments
      • Table MHWirth AS - Key offerings
    • National Oilwell Varco Inc.
      • Table National Oilwell Varco Inc. - Vendor overview
      • Table National Oilwell Varco Inc. - Business segments
      • Table National Oilwell Varco Inc. - Organizational developments
      • Table National Oilwell Varco Inc. - Geographic focus
      • Table National Oilwell Varco Inc. - Segment focus
      • Table National Oilwell Varco Inc. - Key offerings
    • RM Holding BV
      • Table RM Holding BV - Vendor overview
      • Table RM Holding BV - Key offerings
    • Schlumberger Ltd.
      • Table Schlumberger Ltd. - Vendor overview
      • Table Schlumberger Ltd. - Business segments
      • Table Schlumberger Ltd. - Organizational developments
      • Table Schlumberger Ltd. - Geographic focus
      • Table Schlumberger Ltd. - Segment focus
      • Table Schlumberger Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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