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Global Horizontal Directional Drilling Market Size, Trends: By Technique Type: Conventional, Rotary Steerable System; By Component: Rigs, Pipes, Bits, Reamers, Others; By Application: Onshore, Offshore; By End Use: Telecommunication, Utility, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Horizontal Directional Drilling Market Analysis by Region
North America is one of the prominent regions due to the high demand for HDD services from the oil and gas, power, and telecommunication sectors
North America has the largest regional horizontal directional drilling market share, and is expected to maintain its dominance throughout the forecast period, owing to the high demand for HDD services from the oil and gas, power, and telecommunication sectors. The shale gas boom in the US and Canada has increased the need for pipeline infrastructure development, which has boosted the horizontal directional drilling market development in the region. Moreover, the ageing water and sewer systems in the US require replacement and rehabilitation, which also creates opportunities for HDD contractors.
According to horizontal directional drilling market report, Asia Pacific region is expected to witness a significant increase in the demand for HDD services as countries, such as India and China are investing heavily in the development of underground infrastructure, such as water and sewer networks, power and telecommunication cables, and gas pipelines, to meet the needs of the growing urban population. Furthermore, the region is also experiencing a surge in the adoption of renewable energy sources, such as wind and solar, which require HDD for the installation of underground cables and conduits. These factors can propel the horizontal directional drilling market size in the region.
Horizontal Directional Drilling Market Report Snapshots
Horizontal Directional Drilling Market Size
Horizontal Directional Drilling Market Trends
Horizontal Directional Drilling Market Share
Horizontal Directional Drilling Market Growth
Horizontal Directional Drilling Companies
Horizontal Directional Drilling Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Horizontal Directional Drilling Market Analysis
8.1 Key Industry Highlights
8.2 Global Horizontal Directional Drilling Historical Market (2018-2023)
8.3 Global Horizontal Directional Drilling Market Forecast (2024-2032)
8.4 Global Horizontal Directional Drilling Market by Technique Type
8.4.1 Conventional
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary Steerable System
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Horizontal Directional Drilling Market by Component
8.5.1 Rigs
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pipes
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bits
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Reamers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Horizontal Directional Drilling Market by Application
8.6.1 Onshore
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Offshore
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Horizontal Directional Drilling Market by End Use
8.7.1 Telecommunication
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Utility
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Horizontal Directional Drilling Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Horizontal Directional Drilling Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Horizontal Directional Drilling Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Horizontal Directional Drilling Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Horizontal Directional Drilling Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Horizontal Directional Drilling Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 American Augers, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ellingson Companies
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Herrenknecht AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Ferguson Michiana Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Creighton Rock Drill Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Horizontal Directional Drilling Market: Key Industry Highlights, 2018 and 2032
2. Global Horizontal Directional Drilling Historical Market: Breakup by Technique Type (USD Billion), 2018-2023
3. Global Horizontal Directional Drilling Market Forecast: Breakup by Technique Type (USD Billion), 2024-2032
4. Global Horizontal Directional Drilling Historical Market: Breakup by Component (USD Billion), 2018-2023
5. Global Horizontal Directional Drilling Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. Global Horizontal Directional Drilling Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Horizontal Directional Drilling Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Horizontal Directional Drilling Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Horizontal Directional Drilling Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Horizontal Directional Drilling Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Horizontal Directional Drilling Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Horizontal Directional Drilling Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Horizontal Directional Drilling Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Horizontal Directional Drilling Market Structure
Key Questions Answered in the Report
In 2023, the horizontal directional drilling market reached an approximate value of USD 9.93 billion.
The market is expected to grow at a CAGR of 6.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.94 billion by 2032.
The key drivers guiding the horizontal directional drilling market growth include the rising discoveries in shale operations, rising demand for energy and fuel in developing countries, booming oil and gas sector, heightened shift towards HDD due to higher precision and low power consumption, and growing infrastructure and utility installations.
Key trends aiding market expansion include rising emphasis on the adoption of eco-friendly drilling mechanisms as well as the increasing research and innovations by the key industry players.
What are the major regional markets of horizontal directional drilling, according to the EMR report?
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant technique types of horizontal directional drilling include conventional and rotary steerable system.
The significant components include rigs, pipes, bits, and reamers, among others.
The significant applications of HDD are onshore and offshore.
Key players in the market are American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., Creighton Rock Drill Ltd., and others.
Analyst Review
The global horizontal directional drilling market attained a value of USD 9.93 billion in 2023, driven by the rising demand for energy and fuel in developing countries. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.8%. The market is projected to reach USD 17.94 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By technique type, the industry can be segmented into conventional and rotary steerable system. On the basis of component, the market is divided into rigs, pipes, bits, and reamers, among others. On the basis of application, the market is divided into onshore and offshore. By end use, the market is segmented into telecommunication, and utility, among others. The major regional markets for horizontal directional drilling are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Augers, Inc., Ellingson Companies, Herrenknecht AG, Ferguson Michiana Inc., Creighton Rock Drill Ltd., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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