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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Kelly Drive Market Outlook
The global kelly drive market is expected to grow at a CAGR of 5.70% during the forecast period of 2024-2032. The global kelly drive market is being driven by factors such as high investment in onshore oil and gas drilling activities, which is resulting in the increased adoption of kelly drive for E&P ventures.
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Market Segmentation
A kelly drive is a kind of well drilling system mounted on an oil and gas drilling rig.
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The global kelly drive market can be broadly categorised based on segments like types, applications, and regions.
- Types:
- Square Drill Pipe
- Hexagonal Kelly
- Others
- Application:
- Onshore
- Offshore
- Others
The EMR report looks into the regional kelly drive markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The growing oil and gas drilling activities are leading to the growth of the global kelly drive market. Oil and gas companies are concentrating progressively on the automation of drilling rigs and related equipment. It is possible to compare and evaluate a large amount of data obtained by the sensors in automated drilling rigs to make the right decisions. Next-generation mechanical platforms use technology and software to combine drilling processes like drill bits, BHA, and other downhole devices with surface equipment. Also, drilling rig automation will reduce the risk of human errors and increase the efficiency of oil and gas drilling operations. These advantages of automated drilling rigs should allow oil and gas companies to substitute the kelly drive for top drive systems. Mechanical drilling rigs will emerge as a key factor driving the kelly drive market globally.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global kelly drive market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Liebherr-International Deutschland GmbH
- SANY Group Co., Ltd.
- Kelly Tractor Co.
- Bauer Maschinen GmbH
- Others
The EMR report gives an in-depth insight into the kelly drive market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.*
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Key Questions Answered in the Report
The global kelly drive market is projected to grow at a CAGR of 5.70% between 2023 and 2032.
The major drivers of the market are rising demand for energy, growing exploration and production (E&P) ventures, increasing oil and gas drilling activities, and surging technological advancements.
The key trends guiding the growth of the market include the increasing automation of drilling rigs and the adoption of next-generation mechanical platforms.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Square drill pipe and hexagonal kelly, among others, are the major kelly drive types in the global kelly drive market.
The significant applications of the product include onshore and offshore segments, among others.
The major players in the market are Liebherr-International Deutschland GmbH, SANY Group Co., Ltd., Kelly Tractor Co., and Bauer Maschinen GmbH, among others.
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