Horizontal Directional Drilling Market Report by Technique (Conventional, Rotary Steerable System), Parts (Rigs, Pipes, Bits, Reamers), Application (On-shore, Off-shore), End User (Oil and Gas Excavation, Utility, Telecommunication), and Region 2024-2032

Horizontal Directional Drilling Market Report by Technique (Conventional, Rotary Steerable System), Parts (Rigs, Pipes, Bits, Reamers), Application (On-shore, Off-shore), End User (Oil and Gas Excavation, Utility, Telecommunication), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5101
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Market Overview:

The global horizontal directional drilling market size reached US$ 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 9.5 Billion
Market Forecast in 2032
US$ 14.5 Billion
Market Growth Rate 2024-2032 4.7%


Horizontal directional drilling (HDD) refers to a trenchless drilling process that utilizes steerable motor assemblies for digging horizontal bores. It involves the use of rigs, bites, beamers and pipes to accurately drill along the chosen bore path and install underground pipelines, electrical semiconductors, service conduits and cables. HDD aids in increasing the contact between the reservoir and the wellbore and enhancing the overall efficiency, flexibility and cost-effectiveness. HDD can also be conducted with minimal requirements while causing negligible soil contamination or damage to the landscape. As a result, it finds extensive application across various industries, such as telecommunication, oil and gas, power and utilities.

Horizontal Directional Drilling Market

Horizontal Directional Drilling Market Trends:

A significant increase in the onshore and offshore oil and gas exploration activities is one of the key factors driving the growth of the market. HDD is widely used for hydraulic fracturing to increase the production of oil and natural gas from thin oil zones. Additionally, the widespread product adoption for surveying, designing and construction of underground cables for the installation of underground electrical telecommunication systems is favoring the market growth. Moreover, various technological advancements, such as the utilization of automated HDD systems, are providing a thrust to the market growth. These solutions utilize computer software to plan and guide drilling tools with enhanced accuracy and minimal data-to-surface delays. In line with this, the increasing preference for HDD due to the rising environmental concerns among the masses is also contributing to the growth of the market. HDD causes minimal disturbance to the surrounding environment and maintains the condition of the drilled area. Other factors, including the implementation of various government initiatives promoting sustainable oil and gas exploration, along with the rising demand for energy, especially in developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global horizontal directional drilling market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technique, parts, application and end user.

Breakup by Technique:

Horizontal Directional Drilling Market By Technique

  • Conventional
  • Rotary Steerable System
     

Breakup by Parts:

  • Rigs
  • Pipes
  • Bits
  • Reamers
     

Breakup by Application:

  • On-shore
  • Off-shore
     

Breakup by End User:

  • Oil and Gas Excavation
  • Utility
  • Telecommunication
     

Breakup by Region:

Horizontal Directional Drilling Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Barbco Inc., China Oilfield Services Limited (China National Offshore Oil Corporation), Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd., NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation and Weatherford International plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Technique, Parts, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Baker Hughes Company, Barbco Inc., China Oilfield Services Limited (China National Offshore Oil Corporation), Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd., NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation and Weatherford International plc
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global horizontal directional drilling market was valued at US$ 9.5 Billion in 2023.

We expect the global horizontal directional drilling market to exhibit a CAGR of 4.7% during 2024-2032.

The widespread adoption of horizontal directional drilling process as it causes minimal disturbance to the surrounding environment and maintains the condition of the drilled area, is primarily driving the global horizontal directional drilling market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in various exploration activities, thereby negatively impacting the demand for horizontal directional drilling machine.

Based on the technique, the global horizontal directional drilling market can be categorized into conventional and rotary steerable system, where rotary steerable system exhibits clear dominance in the market.

Based on the application, the global horizontal directional drilling market has been segregated into on-shore and off-shore. Currently, on-shore represents the largest market share.

Based on the end user, the global horizontal directional drilling market can be bifurcated into oil and gas excavation, utility, and telecommunication. Among these, oil and gas excavation accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global horizontal directional drilling market include Baker Hughes Company, Barbco Inc., China Oilfield Services Limited (China National Offshore Oil Corporation), Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd., NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation, and Weatherford International plc.

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Horizontal Directional Drilling Market Report by Technique (Conventional, Rotary Steerable System), Parts (Rigs, Pipes, Bits, Reamers), Application (On-shore, Off-shore), End User (Oil and Gas Excavation, Utility, Telecommunication), and Region 2024-2032
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