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 |
|---|
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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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.
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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)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,459.5 | 2,822.9 | 2,770.4 | 2,733.4 | 2,778.6 | 2,938.0 | 3,200.4 | 3,571.5 | 4,053.5 | 4,639.9 | 5,333.8 | 6,208.0 | 7,294.1 | 13.9% |
| Europe | 649.3 | 734.4 | 710.2 | 690.4 | 691.4 | 720.2 | 772.8 | 849.4 | 949.3 | 1,070.0 | 1,211.0 | 1,387.6 | 1,604.7 | 12.1% |
| Asia Pacific | 1,194.9 | 1,378.1 | 1,359.1 | 1,347.3 | 1,376.1 | 1,461.9 | 1,599.7 | 1,793.4 | 2,044.6 | 2,350.8 | 2,714.2 | 3,172.7 | 3,743.8 | 14.4% |
| Latin America | 858.7 | 968.3 | 933.6 | 904.7 | 903.1 | 937.6 | 1,002.5 | 1,098.1 | 1,222.9 | 1,373.2 | 1,548.3 | 1,767.2 | 2,035.6 | 11.7% |
| MEA | 1,615.1 | 1,842.9 | 1,798.2 | 1,764.0 | 1,782.8 | 1,874.3 | 2,030.0 | 2,252.5 | 2,541.9 | 2,893.1 | 3,307.0 | 3,827.3 | 4,471.5 | 13.2% |
| Overall | 6,777.4 | 7,746.6 | 7,571.5 | 7,439.8 | 7,532.0 | 7,932.0 | 8,605.4 | 9,564.9 | 10,812.2 | 12,327.0 | 14,114.4 | 16,362.8 | 19,149.7 | 13.4% |
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