Frequently Asked Questions
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.
North America accounted for the highest share in the global 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.
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.
The rig segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.