Oilfield Rental Market Worth $46.8 Million by 2018
DALLAS, April 4, 2013 /PRNewswire/ –
The report “Oilfield Rental Market by Equipment – Drilling (Drillpipe, Drill Collars,
Heavy-wate, Subs), Pressure Control & Flow Control (BOPs, Valves, and Manifolds), Fishing,
and Others – Global Market Trends & Forecast to 2018″.
- 137 market data tables - 35 figures - 316 pages and an in-depth Table of Content on Oilfield Rental Market
Early buyers will receive 10% customization on this report.
Oilfield rental market is mainly driven by growing demand for energy. Rising energy
demand is increasing the oil & gas E&P (exploration & production) and drilling activities
globally, which in turn is driving the rental equipment market. North America, due to its
growing energy needs and flourishing drilling & oilfield service industry is the major
growth engine for this market.
The immense potential of this market is attracting various small and big level
industry players. The rental market is experiencing a huge surge, especially in Africa and
Latin America, due to its booming oil & gas industries. On an account of rising oil prices
and increasing complexities in oil & gas exploration, the market will experience an
escalation in demand of rental equipment in the years to come.
The equipment rental players are constantly trying to modify their product line with
highly customized and advanced equipment in order to acquire more supply contracts which
in turn would increase their market shares. This market has very few large players that
are mainly the rental divisions of major oilfield service providers. Most of these players
are local companies operating in specific areas and capturing insignificant market shares
individually. Weatherford International Ltd (Switzerland) is the largest player of this
market followed by Superior Energy Services (U.S.) and Halliburton (U.S.).
The report forecasts revenue of the global oilfield rental market and its various
submarkets with respect to six main regions namely, North America, Europe & Eurasia,
Asia-Pacific, Latin America, Middle East, and Africa. At the country level U.S., China,
Japan, India, Norway, U.K., Russia, Iran, Brazil, Mexico, and several other countries were
The report segments the global oilfield rental market
by types of rental equipment such as –
- Drilling Equipment - Pressure & Flow Control Equipment - Fishing Equipment etc.
The markets for most used drilling and pressure & flow control tools has been
estimated in this report. It also focuses on market share analysis and metrics such as
drivers, restraints, opportunities, and winning imperatives.
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