Land Drilling Rigs Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The land drilling rig market is expected to grow at a CAGR of over 4% during the period 2022-2028. Due to the increasing use of high-power and high-tech platforms, and the increasing demand for heavy-duty platforms, the land-based platform market has changed significantly in recent years. In addition, the exploitation of unconventional reserves to meet the growing demand for crude oil and natural gas is expected to create significant demand for onshore drilling platforms during the forecast period. However, the global shift towards renewable energy sources for power generation poses a huge threat to the oil and gas sector, which in turn is expected to be a major challenge for the growth of the onshore drilling rig market in the coming years.

Company Profile

• Archer Ltd.
• Cactus Drilling Co. LLC
• Drillmec Spa
• Helmerich & Payne Inc.
• KCA Deutag Alpha Ltd.
• Nabors Industries Ltd.
• National Oilwell Varco Inc.
• Parker Drilling Co.
• Patterson-UTI Energy Inc.
• Weatherford International Plc

 

Market Segmentation

By Application

• Shallow water
• Deepwater
• Ultra-Deep water

By Type

• Jackup Rigs
• Semi-Submersible Rigs
• Drillships

 

 

Scope of the Report
The research study analyzes the Land Drilling Rigs Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Land Drilling Rigs Market Report

 

1. What was the Land Drilling Rigs Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Land Drilling Rigs Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Land Drilling Rigs Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.