Oilfield Rental Market Worth $46.8 Million by 2018
DALLAS, April 4, 2013 /PRNewswire/ --
The report "Oilfield Rental Market by Equipment - Drilling (Drillpipe, Drill Collars, Heavy-wate, Subs), Pressure Control & Flow Control (BOPs, Valves, and Manifolds), Fishing, and Others - Global Market Trends & Forecast to 2018".
- 137 market data tables
- 35 figures
- 316 pages and an in-depth Table of Content on Oilfield Rental Market
Early buyers will receive 10% customization on this report.
Oilfield rental market is mainly driven by growing demand for energy. Rising energy demand is increasing the oil & gas E&P (exploration & production) and drilling activities globally, which in turn is driving the rental equipment market. North America, due to its growing energy needs and flourishing drilling & oilfield service industry is the major growth engine for this market.
The immense potential of this market is attracting various small and big level industry players. The rental market is experiencing a huge surge, especially in Africa and Latin America, due to its booming oil & gas industries. On an account of rising oil prices and increasing complexities in oil & gas exploration, the market will experience an escalation in demand of rental equipment in the years to come.
The equipment rental players are constantly trying to modify their product line with highly customized and advanced equipment in order to acquire more supply contracts which in turn would increase their market shares. This market has very few large players that are mainly the rental divisions of major oilfield service providers. Most of these players are local companies operating in specific areas and capturing insignificant market shares individually. Weatherford International Ltd (Switzerland) is the largest player of this market followed by Superior Energy Services (U.S.) and Halliburton (U.S.).
The report forecasts revenue of the global oilfield rental market and its various submarkets with respect to six main regions namely, North America, Europe & Eurasia, Asia-Pacific, Latin America, Middle East, and Africa. At the country level U.S., China, Japan, India, Norway, U.K., Russia, Iran, Brazil, Mexico, and several other countries were analyzed.
The report segments the global oilfield rental market by types of rental equipment such as -
- Drilling Equipment
- Pressure & Flow Control Equipment
- Fishing Equipment etc.
The markets for most used drilling and pressure & flow control tools has been estimated in this report. It also focuses on market share analysis and metrics such as drivers, restraints, opportunities, and winning imperatives.
Buy a copy of this report @
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
More by this Source
Water Soluble Fertilizers Market worth $ 14,709.4 Million by 2018
Dec 09, 2013, 09:15 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.