MARKET OVERVIEW
Horizontal Directional Drilling is a method of installing underground utilities, such as pipelines, without disturbing the surface. This method involves drilling a horizontal borehole along a planned path and pulling the pipeline through the borehole. The market is accentuated by the increasing demand for underground utilities, the need for minimal surface disruption, advancements in technology, and the increasing use of HDD as an alternative to traditional trenching methods. The horizontal directional drilling (HDD) market is highly competitive, with many players offering a wide range of HDD rigs and related equipment. Â
MARKET DYNAMICS
The key market drivers for horizontal directional drilling market are, this technique is cost effective and is a sustained drilling method along with strong growth in oil and gas industry. Moreover, because of the thriving telecommunications and oil & gas industries, the global horizontal directional drilling market is expected to grow. Additionally, the rising demand for infrastructure construction and utility installations, in tandem with increasing urbanization, is propelling the global market forward. Whereas the higher operating cost of HDD method as compared to other drilling method is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Horizontal Directional Drilling (HDD) Market Analysis to 2028" is a specialized and in-depth study of the horizontal directional drilling (HDD) Market with a special focus on the global market trend analysis. The report aims to provide an overview of horizontal directional drilling (HDD) market with detailed market segmentation by techniques, parts, application and end-use. The global horizontal directional drilling (HDD) market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading horizontal directional drilling (HDD) market player and offers key trends and opportunities in the horizontal directional drilling (HDD) market.
MARKET SEGMENTATION
The global horizontal directional drilling (HDD) market is segmented based on techniques, parts, application and end-use. Based on techniques, the market is segmented as, conventional, rotary steerable system. Based on parts, the market is segmented as, rigs, pipes, bits, reamers, others. Based on application, the market is segmented as, onshore, offshore. Further, based on end-use the market is bifurcated as, oil and gas excavation, utility, telecommunication, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global horizontal directional drilling (HDD) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The horizontal directional drilling (HDD) market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting horizontal directional drilling (HDD) Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the horizontal directional drilling (HDD) market in these regions.
MARKET PLAYERS
The reports cover key developments in the horizontal directional drilling (HDD) market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from horizontal directional drilling (HDD) market are anticipated to lucrative growth opportunities in the future with the rising demand for horizontal directional drilling (HDD) market. Below mentioned is the list of few companies engaged in the horizontal directional drilling (HDD) market.
The report also includes the profiles of key horizontal directional drilling (HDD) market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- American Augers, Inc
- Ditch Witch
- Ellingson Companies
- Vermeer Corporation
- The Toro Company
- Laney Directional Drilling
- Nabors Industries Ltd
- Herrenknecht AG
- TRACTO-TECHNIK
- DRILLTO TRENCHLESS CO., LTD