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Global Drilling Services Market Research Report 2024(Status and Outlook)

September 2024 | 93 pages | ID: G395939584ABEN
Bosson Research

US$ 3,200.00

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Report Overview:

Drilling services is a key service component of the oil & gas exploration and production life cycle. Drilling services include solutions for drilling wells in a safe, fast, and optimized way by increasing drilling efficiency and minimizing production down time.

The Global Drilling Services Market Size was estimated at USD 5854.42 million in 2023 and is projected to reach USD 8026.52 million by 2029, exhibiting a CAGR of 5.40% during the forecast period.

This report provides a deep insight into the global Drilling Services market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Drilling Services Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Drilling Services market in any manner.

Global Drilling Services Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

GE(Baker Hughes)

Weatherford International Plc.

Schlumberger Limited

Superior Energy Services Inc.

Transocean Limited

Halliburton Co.

Market Segmentation (by Type)

Contract Drilling

Directional Drilling

Logging While Drilling (LWD)

Drilling Waste Management

Market Segmentation (by Application)

Onshore

Offshore

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Drilling Services Market
  • Overview of the regional outlook of the Drilling Services Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Drilling Services Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.
1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of Drilling Services
1.2 Key Market Segments
  1.2.1 Drilling Services Segment by Type
  1.2.2 Drilling Services Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 DRILLING SERVICES MARKET OVERVIEW

2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region

3 DRILLING SERVICES MARKET COMPETITIVE LANDSCAPE

3.1 Global Drilling Services Revenue Market Share by Company (2019-2024)
3.2 Drilling Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Company Drilling Services Market Size Sites, Area Served, Product Type
3.4 Drilling Services Market Competitive Situation and Trends
  3.4.1 Drilling Services Market Concentration Rate
  3.4.2 Global 5 and 10 Largest Drilling Services Players Market Share by Revenue
  3.4.3 Mergers & Acquisitions, Expansion

4 DRILLING SERVICES VALUE CHAIN ANALYSIS

4.1 Drilling Services Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF DRILLING SERVICES MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
  5.5.1 Mergers & Acquisitions
  5.5.2 Expansions
  5.5.3 Collaboration/Supply Contracts
5.6 Industry Policies

6 DRILLING SERVICES MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Drilling Services Market Size Market Share by Type (2019-2024)
6.3 Global Drilling Services Market Size Growth Rate by Type (2019-2024)

7 DRILLING SERVICES MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Drilling Services Market Size (M USD) by Application (2019-2024)
7.3 Global Drilling Services Market Size Growth Rate by Application (2019-2024)

8 DRILLING SERVICES MARKET SEGMENTATION BY REGION

8.1 Global Drilling Services Market Size by Region
  8.1.1 Global Drilling Services Market Size by Region
  8.1.2 Global Drilling Services Market Size Market Share by Region
8.2 North America
  8.2.1 North America Drilling Services Market Size by Country
  8.2.2 U.S.
  8.2.3 Canada
  8.2.4 Mexico
8.3 Europe
  8.3.1 Europe Drilling Services Market Size by Country
  8.3.2 Germany
  8.3.3 France
  8.3.4 U.K.
  8.3.5 Italy
  8.3.6 Russia
8.4 Asia Pacific
  8.4.1 Asia Pacific Drilling Services Market Size by Region
  8.4.2 China
  8.4.3 Japan
  8.4.4 South Korea
  8.4.5 India
  8.4.6 Southeast Asia
8.5 South America
  8.5.1 South America Drilling Services Market Size by Country
  8.5.2 Brazil
  8.5.3 Argentina
  8.5.4 Columbia
8.6 Middle East and Africa
  8.6.1 Middle East and Africa Drilling Services Market Size by Region
  8.6.2 Saudi Arabia
  8.6.3 UAE
  8.6.4 Egypt
  8.6.5 Nigeria
  8.6.6 South Africa

9 KEY COMPANIES PROFILE

9.1 GE(Baker Hughes)
  9.1.1 GE(Baker Hughes) Drilling Services Basic Information
  9.1.2 GE(Baker Hughes) Drilling Services Product Overview
  9.1.3 GE(Baker Hughes) Drilling Services Product Market Performance
  9.1.4 GE(Baker Hughes) Drilling Services SWOT Analysis
  9.1.5 GE(Baker Hughes) Business Overview
  9.1.6 GE(Baker Hughes) Recent Developments
9.2 Weatherford International Plc.
  9.2.1 Weatherford International Plc. Drilling Services Basic Information
  9.2.2 Weatherford International Plc. Drilling Services Product Overview
  9.2.3 Weatherford International Plc. Drilling Services Product Market Performance
  9.2.4 GE(Baker Hughes) Drilling Services SWOT Analysis
  9.2.5 Weatherford International Plc. Business Overview
  9.2.6 Weatherford International Plc. Recent Developments
9.3 Schlumberger Limited
  9.3.1 Schlumberger Limited Drilling Services Basic Information
  9.3.2 Schlumberger Limited Drilling Services Product Overview
  9.3.3 Schlumberger Limited Drilling Services Product Market Performance
  9.3.4 GE(Baker Hughes) Drilling Services SWOT Analysis
  9.3.5 Schlumberger Limited Business Overview
  9.3.6 Schlumberger Limited Recent Developments
9.4 Superior Energy Services Inc.
  9.4.1 Superior Energy Services Inc. Drilling Services Basic Information
  9.4.2 Superior Energy Services Inc. Drilling Services Product Overview
  9.4.3 Superior Energy Services Inc. Drilling Services Product Market Performance
  9.4.4 Superior Energy Services Inc. Business Overview
  9.4.5 Superior Energy Services Inc. Recent Developments
9.5 Transocean Limited
  9.5.1 Transocean Limited Drilling Services Basic Information
  9.5.2 Transocean Limited Drilling Services Product Overview
  9.5.3 Transocean Limited Drilling Services Product Market Performance
  9.5.4 Transocean Limited Business Overview
  9.5.5 Transocean Limited Recent Developments
9.6 Halliburton Co.
  9.6.1 Halliburton Co. Drilling Services Basic Information
  9.6.2 Halliburton Co. Drilling Services Product Overview
  9.6.3 Halliburton Co. Drilling Services Product Market Performance
  9.6.4 Halliburton Co. Business Overview
  9.6.5 Halliburton Co. Recent Developments

10 DRILLING SERVICES REGIONAL MARKET FORECAST

10.1 Global Drilling Services Market Size Forecast
10.2 Global Drilling Services Market Forecast by Region
  10.2.1 North America Market Size Forecast by Country
  10.2.2 Europe Drilling Services Market Size Forecast by Country
  10.2.3 Asia Pacific Drilling Services Market Size Forecast by Region
  10.2.4 South America Drilling Services Market Size Forecast by Country
  10.2.5 Middle East and Africa Forecasted Consumption of Drilling Services by Country

11 FORECAST MARKET BY TYPE AND BY APPLICATION (2025-2030)

11.1 Global Drilling Services Market Forecast by Type (2025-2030)
11.2 Global Drilling Services Market Forecast by Application (2025-2030)

12 CONCLUSION AND KEY FINDINGS

LIST OF TABLES

Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. Drilling Services Market Size Comparison by Region (M USD)
Table 5. Global Drilling Services Revenue (M USD) by Company (2019-2024)
Table 6. Global Drilling Services Revenue Share by Company (2019-2024)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Drilling Services as of 2022)
Table 8. Company Drilling Services Market Size Sites and Area Served
Table 9. Company Drilling Services Product Type
Table 10. Global Drilling Services Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Value Chain Map of Drilling Services
Table 13. Midstream Market Analysis
Table 14. Downstream Customer Analysis
Table 15. Key Development Trends
Table 16. Driving Factors
Table 17. Drilling Services Market Challenges
Table 18. Global Drilling Services Market Size by Type (M USD)
Table 19. Global Drilling Services Market Size (M USD) by Type (2019-2024)
Table 20. Global Drilling Services Market Size Share by Type (2019-2024)
Table 21. Global Drilling Services Market Size Growth Rate by Type (2019-2024)
Table 22. Global Drilling Services Market Size by Application
Table 23. Global Drilling Services Market Size by Application (2019-2024) & (M USD)
Table 24. Global Drilling Services Market Share by Application (2019-2024)
Table 25. Global Drilling Services Market Size Growth Rate by Application (2019-2024)
Table 26. Global Drilling Services Market Size by Region (2019-2024) & (M USD)
Table 27. Global Drilling Services Market Size Market Share by Region (2019-2024)
Table 28. North America Drilling Services Market Size by Country (2019-2024) & (M USD)
Table 29. Europe Drilling Services Market Size by Country (2019-2024) & (M USD)
Table 30. Asia Pacific Drilling Services Market Size by Region (2019-2024) & (M USD)
Table 31. South America Drilling Services Market Size by Country (2019-2024) & (M USD)
Table 32. Middle East and Africa Drilling Services Market Size by Region (2019-2024) & (M USD)
Table 33. GE(Baker Hughes) Drilling Services Basic Information
Table 34. GE(Baker Hughes) Drilling Services Product Overview
Table 35. GE(Baker Hughes) Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 36. GE(Baker Hughes) Drilling Services SWOT Analysis
Table 37. GE(Baker Hughes) Business Overview
Table 38. GE(Baker Hughes) Recent Developments
Table 39. Weatherford International Plc. Drilling Services Basic Information
Table 40. Weatherford International Plc. Drilling Services Product Overview
Table 41. Weatherford International Plc. Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 42. GE(Baker Hughes) Drilling Services SWOT Analysis
Table 43. Weatherford International Plc. Business Overview
Table 44. Weatherford International Plc. Recent Developments
Table 45. Schlumberger Limited Drilling Services Basic Information
Table 46. Schlumberger Limited Drilling Services Product Overview
Table 47. Schlumberger Limited Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 48. GE(Baker Hughes) Drilling Services SWOT Analysis
Table 49. Schlumberger Limited Business Overview
Table 50. Schlumberger Limited Recent Developments
Table 51. Superior Energy Services Inc. Drilling Services Basic Information
Table 52. Superior Energy Services Inc. Drilling Services Product Overview
Table 53. Superior Energy Services Inc. Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 54. Superior Energy Services Inc. Business Overview
Table 55. Superior Energy Services Inc. Recent Developments
Table 56. Transocean Limited Drilling Services Basic Information
Table 57. Transocean Limited Drilling Services Product Overview
Table 58. Transocean Limited Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 59. Transocean Limited Business Overview
Table 60. Transocean Limited Recent Developments
Table 61. Halliburton Co. Drilling Services Basic Information
Table 62. Halliburton Co. Drilling Services Product Overview
Table 63. Halliburton Co. Drilling Services Revenue (M USD) and Gross Margin (2019-2024)
Table 64. Halliburton Co. Business Overview
Table 65. Halliburton Co. Recent Developments
Table 66. Global Drilling Services Market Size Forecast by Region (2025-2030) & (M USD)
Table 67. North America Drilling Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 68. Europe Drilling Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 69. Asia Pacific Drilling Services Market Size Forecast by Region (2025-2030) & (M USD)
Table 70. South America Drilling Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 71. Middle East and Africa Drilling Services Market Size Forecast by Country (2025-2030) & (M USD)
Table 72. Global Drilling Services Market Size Forecast by Type (2025-2030) & (M USD)
Table 73. Global Drilling Services Market Size Forecast by Application (2025-2030) & (M USD)

LIST OF FIGURES

Figure 1. Industrial Chain of Drilling Services
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global Drilling Services Market Size (M USD), 2019-2030
Figure 5. Global Drilling Services Market Size (M USD) (2019-2030)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. Drilling Services Market Size by Country (M USD)
Figure 10. Global Drilling Services Revenue Share by Company in 2023
Figure 11. Drilling Services Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 12. The Global 5 and 10 Largest Players: Market Share by Drilling Services Revenue in 2023
Figure 13. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 14. Global Drilling Services Market Share by Type
Figure 15. Market Size Share of Drilling Services by Type (2019-2024)
Figure 16. Market Size Market Share of Drilling Services by Type in 2022
Figure 17. Global Drilling Services Market Size Growth Rate by Type (2019-2024)
Figure 18. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 19. Global Drilling Services Market Share by Application
Figure 20. Global Drilling Services Market Share by Application (2019-2024)
Figure 21. Global Drilling Services Market Share by Application in 2022
Figure 22. Global Drilling Services Market Size Growth Rate by Application (2019-2024)
Figure 23. Global Drilling Services Market Size Market Share by Region (2019-2024)
Figure 24. North America Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 25. North America Drilling Services Market Size Market Share by Country in 2023
Figure 26. U.S. Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 27. Canada Drilling Services Market Size (M USD) and Growth Rate (2019-2024)
Figure 28. Mexico Drilling Services Market Size (Units) and Growth Rate (2019-2024)
Figure 29. Europe Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 30. Europe Drilling Services Market Size Market Share by Country in 2023
Figure 31. Germany Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 32. France Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 33. U.K. Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 34. Italy Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 35. Russia Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 36. Asia Pacific Drilling Services Market Size and Growth Rate (M USD)
Figure 37. Asia Pacific Drilling Services Market Size Market Share by Region in 2023
Figure 38. China Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 39. Japan Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 40. South Korea Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 41. India Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 42. Southeast Asia Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 43. South America Drilling Services Market Size and Growth Rate (M USD)
Figure 44. South America Drilling Services Market Size Market Share by Country in 2023
Figure 45. Brazil Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 46. Argentina Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 47. Columbia Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 48. Middle East and Africa Drilling Services Market Size and Growth Rate (M USD)
Figure 49. Middle East and Africa Drilling Services Market Size Market Share by Region in 2023
Figure 50. Saudi Arabia Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 51. UAE Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 52. Egypt Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 53. Nigeria Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 54. South Africa Drilling Services Market Size and Growth Rate (2019-2024) & (M USD)
Figure 55. Global Drilling Services Market Size Forecast by Value (2019-2030) & (M USD)
Figure 56. Global Drilling Services Market Share Forecast by Type (2025-2030)
Figure 57. Global Drilling Services Market Share Forecast by Application (2025-2030)


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