According to our latest study on "Horizontal Directional Drilling Market - Global Analysis - by End-use, Rig Size, and Application," the market was valued at US$ 2,802.69 million in 2022 and is expected to reach US$ 6,420.45 million by 2030; it is anticipated to record at a CAGR of 3.9% from 2022 to 2030. Apart from growth drivers, the report covers the horizontal directional drilling market trends and their foreseeable impact during the forecast period.

Trenchless technology is currently witnessing a period of strong growth and development across multiple industries, including telecommunications, power, and gas distribution. These industries are experiencing substantial investments from the private and public sectors, with many planned projects in the development stages. In specific, the telecommunications industry is undergoing a massive growth. This will continue, specifically with the government initiatives and funding for infrastructure development. The horizontal directional drilling market outlook continues to be positive since this equipment is well-positioned to serve the growing requirements of end-user industries such as oil & gas, utilities, telecommunication, sewer & water, and environmental wells.

The acceptance of horizontal directional drilling as a trenchless technology has intensified over the years. In the natural gas distribution space, and telecommunication projects are two major application area of horizontal directional drilling, specifically in urban environments. Telecommunication projects boost the application of small- and mid-size drilling rigs. Gas distribution has been utilizing mid- and small-size drills over the years. Large horizontal directional drills are normally leveraged in the conventional oil & gas industry. The sewer & water industry is also driving the growth of the horizontal directional drilling market.

Based on rig size, the horizontal directional drilling market is segmented into small (less than 40,000 lbs.), medium (40,000 lbs-100,000 lbs), and large (more than 100,000 lbs). The market, in terms of application type, is bifurcated into onshore and offshore. Based on end-use industry, the horizontal directional drilling market is segmented into telecommunications, oil & gas, sewer & water, environmental wells, and utility.

Asia Pacific, North America, and Europe are prime regions, followed by the Middle East & Africa and South & Central America. China, the US, France, the UK, and Brazil are among the major countries contributing to the horizontal directional drilling market growth.

Key Findings of Market Study:

Major stakeholders in the global horizontal directional drilling market ecosystem are component manufacturers, horizontal directional drilling equipment manufacturers, and end users.

Component Manufacturer: Directional drill rig, drill rods, transmitter or receiver for tracking and recording the location of a drill and product, tank for mixing and holding drilling fluid, and pump for circulating the drilling fluid are major components of horizontal directional drilling equipment. Further, major component suppliers include Acker Drill Company; Aichi Corporation; ALLU Finland Oy; Apageo; Changsha Tianhe Drilling Tools and Machinery Co., Ltd; Astec Loudon; Beretta Alfredo Srl; BAUER Maschinen GmbH; Crown Equipment Corporation; Cummins; MTU; and Caterpillar. Component manufacturers play a significant role in providing necessary parts that are used to manufacture, maintain, and upgrade horizontal directional drilling equipment.

Horizontal directional drilling Equipment Manufacturer: American Augers, Inc.; Prime Drilling GmbH; Epiroc AB; Vermeer Corporation; The Charles Machine Works Inc.; Laney Directional Drilling; Nabors Industries Ltd; Herrenknecht AG; Tracto-Technik; and Drillto Trenchless Co., Ltd are among the major horizontal directional drilling equipment manufacturers. The companies are focusing on horizontal directional drilling equipment production to cater to the requirements of end-user industries such as gas, telecommunication, sewer & water, utilities, and others. Majority of the companies have been focusing on the development of innovative products to remain competitive in the market. For instance, DD110, DD240T, DD440T, DD600, DD660RS, and DD1100RS are among the large rig horizontal directional drilling equipment offered by American Augers Inc.

The horizontal directional drilling market forecast can help stakeholders plan their growth strategies. American Augers, Inc.; Prime Drilling GmbH; Epiroc AB; Vermeer Corporation; The Charles Machine Works Inc.; Laney Directional Drilling; Nabors Industries Ltd; Herrenknecht AG; Tracto-Technik; and Drillto Trenchless Co., Ltd are among the prominent players profiled in the horizontal directional drilling market report. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the horizontal directional drilling market. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand.




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