Global Horizontal Directional Drilling Market Size & Outlook
Global horizontal directional drilling market, 2018-2030 (US$M)
Related Markets
Global horizontal directional drilling market highlights
- The global horizontal directional drilling market generated a revenue of USD 7,932.0 million in 2023 and is expected to reach USD 19,149.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.4% by 2030.
- In terms of segment, offshore accounted for a revenue of USD 4,428.9 million in 2023.
- Offshore is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,932.0 million |
| Market revenue in 2030 | USD 19,149.7 million |
| Growth rate | 13.4% (CAGR from 2023 to 2030) |
| Largest segment | Offshore |
| Fastest growing segment | Offshore |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore, Offshore |
Other key industry trends
- In terms of revenue, the North America accounted for 37.0% of the global horizontal directional drilling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,100.0 million by 2030.
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Horizontal Directional Drilling Market Scope
Horizontal Directional Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global horizontal directional drilling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to horizontal directional drilling market will help companies and investors design strategic landscapes.
Offshore was the largest segment with a revenue share of 55.84% in 2023. Horizon Databook has segmented the Global horizontal directional drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Horizontal Directional Drilling Application Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
- Global Horizontal Directional Drilling End-Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & gas extraction
- Utility
- Telecommunication
- Others
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Target buyers of Global horizontal directional drilling market databook
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Our clientele includes a mix of horizontal directional drilling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global horizontal directional drilling market , including forecasts for subscribers. This global databook contains high-level insights into Global horizontal directional drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global horizontal directional drilling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Horizontal directional drilling market size, 2023 (US$M)
Global horizontal directional drilling market share, by application, 2023 & 2030 (%, US$M)
Horizontal directional drilling market: Opportunity assessment by country
Global horizontal directional drilling market, by region, 2023 (US$M)
Related regional statistics
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