Global Racking Board Pipe Handling Machine Market Growth 2025-2031
Description
The global Racking Board Pipe Handling Machine market size is predicted to grow from US$ 438 million in 2025 to US$ 590 million in 2031; it is expected to grow at a CAGR of 5.1% from 2025 to 2031.
The Racking Board Pipe Handling Machine is a vertical root discharge equipment used in the process of oil drilling to push and pull the upper end of the vertical root to the wellhead or finger beam position. This product solves the problem of high manual labor intensity during the transfer of the vertical root operation at the finger beam and wellhead position by the two-layer platform operator currently used in drilling rigs. It can effectively save drilling auxiliary time, improve drilling rig automation level, and enhance operational safety.
United States market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Racking Board Pipe Handling Machine players cover SLB, NOV, Automated Rig Technologies, Drillmec, HMH, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Racking Board Pipe Handling Machine Industry Forecast” looks at past sales and reviews total world Racking Board Pipe Handling Machine sales in 2024, providing a comprehensive analysis by region and market sector of projected Racking Board Pipe Handling Machine sales for 2025 through 2031. With Racking Board Pipe Handling Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Racking Board Pipe Handling Machine industry.
This Insight Report provides a comprehensive analysis of the global Racking Board Pipe Handling Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Racking Board Pipe Handling Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Racking Board Pipe Handling Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Racking Board Pipe Handling Machine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Racking Board Pipe Handling Machine.
This report presents a comprehensive overview, market shares, and growth opportunities of Racking Board Pipe Handling Machine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Upper Mounting
Lower Mounting
Segmentation by Application:
Onshore Drilling
Offshore Drilling
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
SLB
NOV
Automated Rig Technologies
Drillmec
HMH
Future Production AS
Loadmaster Industries
Hunan Sany Group
Hebei Yongming Geological Project
Jiangsu Chengchuang Intelligence Equipment
Shandong Kerui Petroleum & Gas Equipment
Hongkong Honghua Group
Beijing JJC Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Racking Board Pipe Handling Machine market?
What factors are driving Racking Board Pipe Handling Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Racking Board Pipe Handling Machine market opportunities vary by end market size?
How does Racking Board Pipe Handling Machine break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The Racking Board Pipe Handling Machine is a vertical root discharge equipment used in the process of oil drilling to push and pull the upper end of the vertical root to the wellhead or finger beam position. This product solves the problem of high manual labor intensity during the transfer of the vertical root operation at the finger beam and wellhead position by the two-layer platform operator currently used in drilling rigs. It can effectively save drilling auxiliary time, improve drilling rig automation level, and enhance operational safety.
United States market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Racking Board Pipe Handling Machine is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Racking Board Pipe Handling Machine players cover SLB, NOV, Automated Rig Technologies, Drillmec, HMH, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Racking Board Pipe Handling Machine Industry Forecast” looks at past sales and reviews total world Racking Board Pipe Handling Machine sales in 2024, providing a comprehensive analysis by region and market sector of projected Racking Board Pipe Handling Machine sales for 2025 through 2031. With Racking Board Pipe Handling Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Racking Board Pipe Handling Machine industry.
This Insight Report provides a comprehensive analysis of the global Racking Board Pipe Handling Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Racking Board Pipe Handling Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Racking Board Pipe Handling Machine market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Racking Board Pipe Handling Machine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Racking Board Pipe Handling Machine.
This report presents a comprehensive overview, market shares, and growth opportunities of Racking Board Pipe Handling Machine market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Upper Mounting
Lower Mounting
Segmentation by Application:
Onshore Drilling
Offshore Drilling
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
SLB
NOV
Automated Rig Technologies
Drillmec
HMH
Future Production AS
Loadmaster Industries
Hunan Sany Group
Hebei Yongming Geological Project
Jiangsu Chengchuang Intelligence Equipment
Shandong Kerui Petroleum & Gas Equipment
Hongkong Honghua Group
Beijing JJC Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Racking Board Pipe Handling Machine market?
What factors are driving Racking Board Pipe Handling Machine market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Racking Board Pipe Handling Machine market opportunities vary by end market size?
How does Racking Board Pipe Handling Machine break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
107 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Racking Board Pipe Handling Machine by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Racking Board Pipe Handling Machine by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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