Change Language

Select Language

Press Release:

Global Oilfield Equipment Rental Market to Witness Moderate Growth During 2020-2025, Propelled by Rising Exploration Activities

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Oilfield Equipment Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global oilfield equipment rental market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Oilfield equipment rental refers to the facility of hiring equipment used for the extraction and drilling of oilfields temporarily for a predefined period. Oilfields require specialized machinery for drilling wells into the subsurface and extracting crude oil. Some of the common oilfield equipment available on rent includes drilling, pressure and flow equipment, pumps and valves, tubes, drill bits, wireline tools, blowout preventers (BOP), artificial lift systems and mud pumps. In comparison to the traditional purchasing of oilfield equipment, renting is considered to be more cost-effective as it offers minimal cost of acquisition and maintenance.

Increasing industrialization and the growing oil and gas industry represent as the key factors creating a positive outlook for the market. Furthermore, the rising demand for crude oil and natural gas for energy and power requirements across the globe is also driving the market growth. Consequently, governments of various countries and numerous private stakeholders are widely adopting rented oilfield equipment to undertake projects for the overall development of their respective economies. Additionally, various technological advancements, such as the development of Radio Frequency Identification (RFID)-enabled equipment, which aid in improving drilling and hole-cleanup operations, are acting as other growth-inducing factors. Equipment manufacturers and rental service providers are also offering machines with innovative features, such as horizontal and directional drilling, which can be attached with a mud motor and Universal Bottom Hole Orientation (UBHO) equipment. Other factors, including advancements in deep water and ultra-deep water drilling activities, along with extensive infrastructural developments and an increasing number of offshore exploration activities, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global oilfield equipment rental market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on equipment and application.

Breakup by Equipment:

  • Drilling
    • Drill Pipe
    • Drill Collars
    • Subs
    • Others
  • Pressure & Flow Control
    • Blow Out Preventer (BOP)
    • Valves & Manifolds
    • Others
  • Others
     

Breakup by Application:

  • Onshore
  • Offshore
     

Breakup 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 with some of the key players being Basic Energy Services Inc., Bestway Oilfields, Circle T Service & Rental Ltd., Ensign Energy Services Inc., Halliburton Company, John Energy Ltd., Parker Drilling Company, Schlumberger Limited, Seventy Seven Energy Inc., Superior Energy Services Inc., Technipfmc PLC and Weatherford International PLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Equipment, Application, 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 Basic Energy Services Inc., Bestway Oilfields, Circle T Service & Rental Ltd., Ensign Energy Services Inc., Halliburton Company, John Energy Ltd., Parker Drilling Company, Schlumberger Limited, Seventy Seven Energy Inc., Superior Energy Services Inc., Technipfmc PLC and Weatherford International PLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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:

  • How has the global oilfield equipment rental market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global oilfield equipment rental market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global oilfield equipment rental market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Oilfield Equipment Rental Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Equipment
    6.1    Drilling
        6.1.1 Market Trends
        6.1.2 Major Types
              6.1.2.1 Drill Pipes
              6.1.2.2 Drill Collars
              6.1.2.3 Subs
              6.1.2.4 Others
        6.1.3 Market Forecast
    6.2    Pressure & Flow Control
        6.2.1 Market Trends
        6.2.2 Major Types
              6.2.2.1 Blow Out Preventer (BOP)
              6.2.2.2 Valves and Manifolds
              6.2.2.3 Others
        6.2.3 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Onshore
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Offshore
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Basic Energy Services Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
        13.3.2    Bestway Oilfields
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
        13.3.3    Circle T Service & Rental Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
        13.3.4    Ensign Energy Services Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
           13.3.4.3 Financials
        13.3.5    Halliburton Company
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    John Energy Ltd.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7     Parker Drilling Company
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
           13.3.7.3 Financials
        13.3.8    Schlumberger Limited
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Seventy-Seven Energy Inc.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
        13.3.10    Superior Energy Services Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
        13.3.11    Technipfmc PLC
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio 
           13.3.11.3 Financials
        13.3.12    Weatherford International PLC
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Oilfield Equipment Rental Market: Major Drivers and Challenges
Figure 2: Global: Oilfield Equipment Rental Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Oilfield Equipment Rental Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Oilfield Equipment Rental Market: Breakup by Equipment (in %), 2020
Figure 5: Global: Oilfield Equipment Rental Market: Breakup by Application (in %), 2020
Figure 6: Global: Oilfield Equipment Rental Market: Breakup by Region (in %), 2020
Figure 7: Global: Oilfield Equipment Rental (Drilling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Oilfield Equipment Rental (Drilling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Oilfield Equipment Rental (Pressure & Flow Control) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Oilfield Equipment Rental (Pressure & Flow Control) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Oilfield Equipment Rental (Other Equipments) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Oilfield Equipment Rental (Other Equipments) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Oilfield Equipment Rental (Onshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Oilfield Equipment Rental (Onshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Oilfield Equipment Rental (Offshore) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Oilfield Equipment Rental (Offshore) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: North America: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: North America: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Canada: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Canada: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Asia Pacific: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Asia Pacific: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: China: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: China: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Japan: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Japan: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: India: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: India: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: South Korea: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: South Korea: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Australia: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Australia: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Indonesia: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Indonesia: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Others: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Others: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Europe: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Europe: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Germany: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Germany: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: France: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: France: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: United Kingdom: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: United Kingdom: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Italy: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Italy: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Spain: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Spain: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Russia: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Russia: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Latin America: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Latin America: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Brazil: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Brazil: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Mexico: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Mexico: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Others: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Others: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Middle East and Africa: Oilfield Equipment Rental Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Middle East and Africa: Oilfield Equipment Rental Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Global: Oilfield Equipment Rental Industry: SWOT Analysis
Figure 66: Global: Oilfield Equipment Rental Industry: Value Chain Analysis
Figure 67: Global: Oilfield Equipment Rental Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Oilfield Equipment Rental Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Oilfield Equipment Rental Market Forecast: Breakup by Equipment (in Million US$), 2021-2026
Table 3: Global: Oilfield Equipment Rental Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Oilfield Equipment Rental Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Oilfield Equipment Rental Market: Competitive Structure
Table 6: Global: Oilfield Equipment Rental Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

India Renewable Energy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Turbocompressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

String Inverter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Oil and Gas Corrosion Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Europe Biomass Gasification Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links