Truck-Mounted Drill Rig Manufacturing in North America 2021

Truck-Mounted Drill Rig Manufacturing in North America 2021

Market Size, Competitive Shares, Trends & Outlook Underlying the Manufacture of Truck‑Mounted Drill Rig Equipment

2021 Data | 2022 Outlook | 5‑Year Forward Forecasts | Impact of Covid19 | 5-Year History

27 manufacturers analyzed and aggregated into an analytical framework to define a $136 million business in North America

Includes Excel data tables!

This is an evaluation and analysis of the truck-mounted drill rig manufacturing business in the United States and Canada. Small to medium-sized drill rigs are mainly used in mineral exploration, blast-hole and water well drilling, and environmental investigations. These mobile drill rigs are usually portable units, or track-, truck- or trailer‑mounted.

Most truck-mounted drill rigs are fixed on a flatbed and installed on Class 7 and Class 8 truck chassis. A few smaller units, mainly used for water well drilling, are mounted on medium-duty Class 4‑6 truck chassis.

Very few companies exclusively concentrate on truck-mounted drill rigs. This product is typically manufactured along with other types of drilling rigs. The market for drill rigs has changed over the years. While the water well segment has historically been the main market, the surge in oil and gas production in North America brought about a spurt in demand for truck‑mounted units.

These and other topics are the subject of this report from SpecialtyResearch (“SRN”). The report can be put to immediate use for sales and market planning, M&A identification, competitive share analysis, alliances and technology transfer considerations.