Technavio has been monitoring the offshore drilling rigs market and it is poised to grow by 3.92 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Offshore Drilling Rigs Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Archer Ltd., China Oilfield Services Ltd., Helmerich Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, Patterson-UTI Energy Inc., Transocean Ltd., Valaris Plc, and Weatherford International Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increase in deepwater and ultra-deepwater drilling activities has been instrumental in driving the growth of the market. However, decline in investments in upstream sector might hamper market growth.
Offshore Drilling Rigs Market 2020-2024: Segmentation
Offshore Drilling Rigs Market is segmented as below:
- Type
- Bottom-supported Rigs
- Floating Rigs
- Geography
- APAC
- MEA
- North America
- Europe
- South America
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Offshore Drilling Rigs Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our offshore drilling rigs market report covers the following areas:
- Offshore Drilling Rigs Market size
- Offshore Drilling Rigs Market trends
- Offshore Drilling Rigs Market industry analysis
This study identifies the high potential of offshore marginal fields as one of the prime reasons driving the offshore drilling rigs market growth during the next few years.
Offshore Drilling Rigs Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the offshore drilling rigs market, including some of the vendors such as Archer Ltd., China Oilfield Services Ltd., Helmerich Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., Noble Corp. Plc, Patterson-UTI Energy Inc., Transocean Ltd., Valaris Plc, and Weatherford International Plc. Backed with competitive intelligence and benchmarking, our research reports on the Offshore Drilling Rigs Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Offshore Drilling Rigs Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist offshore drilling rigs market growth during the next five years
- Estimation of the offshore drilling rigs market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the offshore drilling rigs market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of offshore drilling rigs market vendors
Table Of Contents :
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Bottom-supported rigs Market size and forecast 2019-2024
- Floating rigs Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Archer Ltd.
- China Oilfield Services Ltd.
- Helmerich Payne Inc.
- KCA Deutag Alpha Ltd.
- Nabors Industries Ltd.
- Noble Corp. Plc
- Patterson-UTI Energy Inc.
- Transocean Ltd.
- Valaris Plc
- Weatherford International Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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