Canada Horizontal Directional Drilling Market Size & Outlook
The horizontal directional drilling market in Canada is expected to reach a projected revenue of US$ 1,100.0 million by 2030. A compound annual growth rate of 10.6% is expected of Canada horizontal directional drilling market from 2024 to 2030.
Revenue, 2023 (US$M)
$541.8
Forecast, 2030 (US$M)
$1,100.0
CAGR, 2024 - 2030
10.6%
Report Coverage
Canada
Canada horizontal directional drilling market, 2018-2030 (US$M)
Related Markets
Canada horizontal directional drilling market highlights
- The Canada horizontal directional drilling market generated a revenue of USD 541.8 million in 2023 and is expected to reach USD 1,100.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, onshore was the largest revenue generating application in 2023.
- Offshore is the most lucrative application segment registering the fastest growth during the forecast period.
Horizontal directional drilling market data book summary
| Market revenue in 2023 | USD 541.8 million |
| Market revenue in 2030 | USD 1,100.0 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Onshore |
| Fastest growing segment | Offshore |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore, Offshore |
| Key market players worldwide | The Toro Co, Barbco, Incorporated, Vermeer, VMT, Laney Directional Drilling Co., Sandvik AB |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global horizontal directional drilling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. horizontal directional drilling market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,194.2 million by 2030.
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Horizontal Directional Drilling Market Scope
Horizontal directional drilling market segmentation & scope
Horizontal Directional Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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.
Onshore was the largest segment with a revenue share of 62.09% in 2023. Horizon Databook has segmented the Canada horizontal directional drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2018 to 2030.
- Canada Horizontal Directional Drilling Application Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
- Canada Horizontal Directional Drilling End-Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & gas extraction
- Utility
- Telecommunication
- Others
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Target buyers of Canada 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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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 country-level data and insights on the Canada horizontal directional drilling market , including forecasts for subscribers. This country databook contains high-level insights into Canada horizontal directional drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada horizontal directional drilling market size, by application, 2018-2030 (US$M)
Canada Horizontal Directional Drilling Market Outlook Share, 2023 & 2030 (US$M)
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