Latin America Horizontal Directional Drilling Market Size & Outlook
Latin America horizontal directional drilling market, 2018-2030 (US$M)
Related Markets
Latin America horizontal directional drilling market highlights
- The Latin America horizontal directional drilling market generated a revenue of USD 937.6 million in 2023.
- The market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, offshore was the largest revenue generating application in 2023.
- Offshore is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 937.6 million |
| Market revenue in 2030 | USD 2,035.6 million |
| Growth rate | 11.7% (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 |
| 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, Latin America region accounted for 11.8% of the global horizontal directional drilling market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,743.8 million by 2030.
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Horizontal Directional Drilling Market Scope
Horizontal Directional Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 57.23% in 2023. Horizon Databook has segmented the Latin America horizontal directional drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Horizontal Directional Drilling Application Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
- Latin America Horizontal Directional Drilling End-Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & gas extraction
- Utility
- Telecommunication
- Others
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Target buyers of Latin America 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 continent-level data and insights on the Latin America horizontal directional drilling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America horizontal directional drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America horizontal directional drilling market size, by country, 2018-2030 (US$M)
Latin America Horizontal Directional Drilling Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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