Truck-Mounted Drilling Equipment Manufacturing in North America Size, Shares, Segmentation, Competitors, Channels, Trends, and Outlook Underlying the Manufacture of Truck-Mounted Drilling Equipment. 2017 – 2022 Analysis & Outlook
Thirty-one manufacturers of truck-mounted digger derricks and drill rigs in the United States and Canada have been analyzed and aggregated into an analytical framework to define a $455 million business. Drilling equipment is typically affixed to a platform or a utility body and then mounted on a truck chassis.
The segment has three manufacturers offering both digger derricks and drill rigs. The digger derrick segment has seven manufacturers, most of which also manufacture other utility equipment such as aerial buckets. The two leading companies manufacture more than 95% of units shipped. Barriers to entry are high, as existing manufacturers are deeply entrenched with well-established brands.
In the drill rig category, 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. The water well segment has historically been the main market, but the surge in oil and gas production in North America brought about a spurt in demand for truck-mounted drill rigs. Much of the demand for truck-mounted drill rigs since 2010 has been from the energy exploration sector.
Most digger derricks are purchased by municipalities for installation of electrical and telephone lines, and expansion of these networks is dependent on new housing construction.
These and other topics are the subject of this report from SpecialtyTransportation.net (“STN”). The report can be put to immediate use for sales and market planning, M&A identification, competitive share analysis, alliances and technology transfer considerations.
Included with this report is an Excel file with eight worksheets containing data from the report’s tables.
*If needed, certain sections of the report can be purchased separately, please inquire for pricing.*
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook