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Global Horizontal Directional Drilling (HDD) Market By Technique (Conventional, Rotary Steerable System) By Parts (Rigs, Pipes, Bits, Reaners, Others) By Type (Machines, Services), By Application (Onshore, Offshore) By End-user (Oil & Gas, Energy & Utility (Water, Gas, Oil Products & Power Distribution), Telecommunication, Other): Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

Market Introduction of Horizontal Directional Drilling Market

Horizontal Directional Drilling is a technique used to efficiently and accurately achieve drilling operations along with back ream the essential pipe, side-lining different obstacles on the bore track without significant collateral harm to the subsurface ecosystems. The rising concerns about the need to reduce the environmental damage triggered by rising industrialization and urbanization worldwide due to the adoption of horizontal directional drilling equipment for boring and drilling operations.

What is the Market Size of Horizontal Directional Drilling Equipment in terms of value?

Global Horizontal Directional Drilling Equipment Market is projected to increase at a significant CAGR of 6.5% in the coming years. In 2021, the global horizontal directional drilling equipment market was valued at USD 8.9 billion and projected to reach USD 13.0 billion by 2028. The demand for horizontal directional drilling equipment will increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 4.1 billion during the forecast period between 2022 and 2028.

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Which is the critical part segment in the Horizontal Directional Drilling Equipment Market?

The rigs segment registered a revenue share of over 55.0% of the total horizontal directional drilling equipment in 2021. Due to the increasing number of telecommunication and oil and gas industry projects, the demand for rigs is experiencing growth in different regions. In addition, further technological developments in rig infrastructure allow the consumers or end-users to achieve boring operations at a very high efficiency and optimization rate. For instance, in the recent development of the control system of rigs, an automated system embedded is installed, which assists in efficiently guiding the equipment to install pipelines for large distances and exit points. However, rigs are comparatively costlier and require regular maintenance to improve their operational life.

The pipes segment is expected to register the highest growth rate during the forecast period. Directional drilling equipment manufacturers are increasingly investing in developing boring and drilling pipes that can handle challenging conditions such as high underground pressure. High-Density Polyethylene pipes are selected over concrete or steel pipelines due to their high permeability features. At zero allowable water leakage, the High-Density Polyethylene pipes are more efficient than Polyvinyl Chloride and ductile iron pipes, which have a leakage rate of 10% to 20%. As well as their resistance to corrosion and low weight contributes to the higher preference for High-Density Polyethylene pipes.

Interesting Facts about Horizontal Directional Drilling Equipment Industry

The top countries in the horizontal directional drilling equipment market are the US, Canada, China, Germany, Russia, and France.
The increasing number of development projects in the field of mining, construction, and geothermal engineering across the globe are the major factors driving the market’s growth.
High operational costs compared to its counterparts are projected to hinder the development of the horizontal directional drilling equipment market over the forecast period.
North America region had a significant share in terms of volume and value in the global horizontal directional drilling equipment market in 2021 and is projected to continue its dominance over the forecast period.
Rotary steerable system technique to witness high growth during the forecast period due to increased boring efficiency for mining and construction operations across the globe.

Who are the Top players/companies in the horizontal directional drilling equipment market in terms of value?

The key players in the global horizontal directional drilling equipment market in terms of value include Laney Directional Drilling, Nabors Industries Ltd., UEA, American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., The Charles Machines Works, Inc. (Ditch Witch), Ellingson Companies, Mccloskey International, Mclaughlin Group, Inc., Nawtek GmbH and Herrenknecht AG. These key players are concentrating on new product developments as well as technological innovation to enhance their production of horizontal directional drilling equipment to gain competitive market share at a global level. Moreover, regional and country-level players are investing heavily to expand their product portfolio and enhance their sales.

Who are the Top 10 Countries in the Horizontal Directional Drilling Equipment Market?

The primary global horizontal directional drilling equipment market is China, India, the U.S., Canada, the U.K., Germany, France, Italy, Brazil, and Japan. China is the prominent horizontal directional drilling equipment market, with a significant volume share in the global market in 2021. Moreover, the market in developed countries is majorly driven by the increased number of infrastructure development projects and urbanization. Besides, the horizontal directional drilling equipment market in developing countries in South Asia and South East Asian countries is projected to witness significant growth in the coming years.

Which is the crucial Technique used in the Horizontal Directional Drilling Equipment Market?

The Rotary Steerable System category dominated the horizontal directional drilling equipment market in 2021 with a total market share of more than 70.0%. The rotary steerable system technique uses push-and point-the-bit methods for appropriate directional control of drilling and assists in real-time corrections. In addition, the rotary steerable system can improve the rate of penetration, reduction in torque and drag, and efficient borehole production, which are some of the factors expected to promote the popularity of the rotary steerable system. Moreover, directional drilling service providers invest mainly in developing rotary steerable system machines to offer efficient boring drilling services under harsh underground conditions.

What are the Major Driving Factors for Horizontal Directional Drilling Equipment Market?

The horizontal directional drilling technique helps to save excavation and shoring costs which is the primary driver for the growth of the flat directional drilling equipment market over the forecast period. In addition, a rise in urbanization and industrialization across the globe has increased mining, construction, and geothermal engineering projects, further promoting the adoption of horizontal directional drilling equipment. Moreover, horizontal directional drilling requires less than half the time to complete boring drilling tasks compared to its counterparts. Hence, the ability of horizontal directional drilling equipment to work efficiently will further enhance the market demand over the forecast period.

What are the Major Restraints for Horizontal Directional Drilling Equipment Market?

The key restraint of the global horizontal directional drilling market, which is projected to hamper the market growth, includes the high operating costs of horizontal directional drilling compared to its counterparts. The other key factor hampering the market’s growth is that horizontal directional drilling is expensive and requires significant capital to purchase the equipment needed for horizontal directional drilling.

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Which Region Dominated the World Horizontal Directional Drilling Equipment Market?

In 2021, North America dominated the global horizontal directional drilling equipment market and accounted for a significant market revenue share. This is due to the increase in oil and gas exploration activities in the regional market, resulting in advanced drilling techniques. Moreover, the rise in infrastructure development projects is further going to increase the horizontal directional drilling market in the region; the U.S. accounted for the significant share in the region due to rapid industrialization in the country.

However, Asia Pacific is expected to witness the fastest horizontal directional drilling market. Many telecom infrastructure development projects are being carried out in the region, and significant telecom development projects are expected to rise. China is a major horizontal directional drilling market in the region due to massive infrastructure development projects being carried out in the country.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Horizontal Directional Drilling Market
3. Market Dynamics & Factors Analysis

3.1. Introduction
3.1.1. Global Horizontal Directional Drilling Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Technique
3.3.2. Parts
3.3.3. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Competitive Benchmarking
4.3. Geographical Presence Analysis
4.4. Major Strategies Adopted by Key Players
4.4.1. Key Strategies Analysis
4.4.2. Mergers and Acquisitions
4.4.3. Partnerships
4.4.4. Product Launch
4.4.5. Geographical Expansion
4.4.6. Others

5. COVID 19 Impact Analysis
5.1. Global Horizontal Directional Drilling Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Conventional
6.2.3. Rotary Steerable System
6.3. North America Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Rigs
6.3.3. Pipes
6.3.4. Bits
6.3.5. Reaners
6.3.6. Others

7. Europe
7.1. Europe Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Conventional
7.2.3. Rotary Steerable System
7.3. Europe Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Rigs
7.3.3. Pipes
7.3.4. Bits
7.3.5. Reaners
7.3.6. Others

8. Asia Pacific
8.1. Asia Pacific Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Indonesia
8.1.9. Malaysia
8.1.10. Philippine
8.1.11. Rest of Asia Pacific
8.2. Asia Pacific Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Conventional
8.2.3. Rotary Steerable System
8.3. Asia Pacific Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Rigs
8.3.3. Pipes
8.3.4. Bits
8.3.5. Reaners
8.3.6. Others

9. Latin America
9.1. Latin America Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Conventional
9.2.3. Rotary Steerable System
9.3. Latin America Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Rigs
9.3.3. Pipes
9.3.4. Bits
9.3.5. Reaners
9.3.6. Others

10. Middle East
10.1. Middle East Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Conventional
10.2.3. Rotary Steerable System
10.3. Middle East Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Rigs
10.3.3. Pipes
10.3.4. Bits
10.3.5. Reaners
10.3.6. Others

11. Africa
11.1. Africa Horizontal Directional Drilling Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Conventional
11.2.3. Rotary Steerable System
11.3. Africa Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Rigs
11.3.3. Pipes
11.3.4. Bits
11.3.5. Reaners
11.3.6. Others

12. Global
12.1. Global Horizontal Directional Drilling Market, by Technique, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Conventional
12.1.3. Rotary Steerable System
12.2. Global Horizontal Directional Drilling Market, by Parts, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Rigs
12.2.3. Pipes
12.2.4. Bits
12.2.5. Reaners
12.2.6. Others

13. Company Profiles
13.1. Laney Directional Drilling
13.2. Nabors Industries Ltd.
13.3. UEA
13.4. American Augers, Inc.
13.5. Barbco, Inc.
13.6. Creighton Rock Drill Ltd.
13.7. The Charles Machines Works, Inc. (Ditch Witch)
13.8. Ellingson Companies
13.9. Mccloskey International
13.10. Mclaughlin Group, Inc.
13.11. Nawtek GmbH
13.12. Herrenknecht AG
13.13. Others

List of Figures

FIG. 1 Global Horizontal Directional Drilling Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Horizontal Directional Drilling Market Segmentation
FIG. 4 Global Horizontal Directional Drilling Market, by Technique, 2021 (US$ Bn)
FIG. 5 Global Horizontal Directional Drilling Market, by Parts, 2021 (US$ Bn)
FIG. 6 Global Horizontal Directional Drilling Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Technique, 2021
FIG. 8 Attractive Investment Proposition, by Parts, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Positioning of Key Horizontal Directional Drilling Market Manufacturers, 2019
FIG. 11 Global Horizontal Directional Drilling Market Value Contribution, By Technique, 2021 & 2028 (Value %)
FIG. 12 Global Horizontal Directional Drilling Market, by Conventional, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Horizontal Directional Drilling Market, by Rotary Steerable System, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Horizontal Directional Drilling Market Value Contribution, By Parts, 2021 & 2028 (Value %)
FIG. 15 Global Horizontal Directional Drilling Market, by Rigs, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Horizontal Directional Drilling Market, by Pipes, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Horizontal Directional Drilling Market, by Bits, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Horizontal Directional Drilling Market, by Reaners, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Horizontal Directional Drilling Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 20 U.S. Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 21 Rest of North America Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 22 U.K. Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 23 Germany Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 24 France Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 25 Italy Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 26 Spain Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 27 Russia Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 28 BENELUX Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 29 Poland Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 30 Austria Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 31 Rest of Europe Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 32 Japan Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 33 China Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 34 India Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 35 South Korea Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 36 Australia Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 37 Southeast Asia Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 38 Rest of Asia Pacific Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 39 Middle East & Africa Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 40 South Africa Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 41 Nigeria Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 42 Egypt Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 43 GCC Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 44 Israel Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 45 Latin America Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 46 Brazil Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 47 Argentina Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 48 Colombia Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 49 Peru Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)
FIG. 50 Chile Horizontal Directional Drilling Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Horizontal Directional Drilling Market
TABLE 2 Global Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 3 Global Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 4 Global Horizontal Directional Drilling Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 6 North America Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 7 North America Horizontal Directional Drilling Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 9 Europe Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 10 Europe Horizontal Directional Drilling Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Horizontal Directional Drilling Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 15 Latin America Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 16 Latin America Horizontal Directional Drilling Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 18 Middle East Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 19 Middle East Horizontal Directional Drilling Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Horizontal Directional Drilling Market, by Technique, 2016-2028 (US$ Bn)
TABLE 21 Africa Horizontal Directional Drilling Market, by Parts, 2016-2028 (US$ Bn)
TABLE 22 Africa Horizontal Directional Drilling Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global horizontal directional drilling equipment market?

Horizontal Directional Drilling Equipment Market also suffered from the COVID 19 pandemic, which resulted in a decline in revenue generated in 2020 due to the temporary suspension of different development projects and many deals were also suspended by different industries.

Which is the leading market for horizontal directional drilling equipment?

North America accounted for the highest share in the global horizontal directional drilling equipment market.

What are the key drivers for the growth of the horizontal directional drilling equipment market?

Rapid urbanization and industrialization are resulting in an increasing number of development projects and are the major factors driving the growth of the market.

Which is the major segment in Horizontal Directional Drilling Equipment Market by Technique?

Rotary steerable system had a major share in 2021 with around 70% of the market revenue share. Besides, it is also projected to witness the fastest growth.

Which is the major segment in Horizontal Directional Drilling Equipment Market by Parts?

The rig segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

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