The global demand for Horizontal Directional Drilling Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Horizontal Directional Drilling (HDD) refers to a technique of installing underground pipelines, service conduits, cables through trenchless methods. It includes the usage of a directional drilling machine and associated attachments so that drilling along the selected bore path can be done accurately. Horizontal drilling is a mostly used technology because drilling at an angle other than vertically can arouse reservoirs and attain information that could not be done by drilling vertically. Horizontal drilling can augment the contact between the wellbore and the reservoir. It minimally impacts the surroundings, and it can install several pipes through a single surface location.
Market Dynamics
The rising emphasis on causing minimal damages to the environment at a global level is the primary factor driving the Horizontal Directional Drilling market. Also, rising demand for horizontal directional drilling across various applications in expanding as oil & gas excavation and telecommunication industries contributes to the Horizontal Directional Drilling market's growth. The increasing need for decreasing inconvenience caused to the public while carrying out infrastructure projects leads to more adoption of Horizontal Directional Drilling, thus positively impacting the Horizontal Directional Drilling market's growth. Moreover, the increasing requirement for infrastructure development and utility installations, in line with growing urbanization, is likely to generate beneficial growth opportunities for key players of the Horizontal Directional Drilling market in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of horizontal directional drilling.
Market Segmentation
This section of the horizontal directional drilling market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Technique
- Conventional
- Rotary steerable system
By Parts
- Rigs(Type( Mini, Midi, Maxi))
- Sales( New sales Aftermarket)
- Pipes
- Bits
- Reamers
- Others
By Application
By End-use
- Oil & gas excavation
- Utility
- Telecommunication
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Horizontal Directional Drilling market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Horizontal Directional Drilling Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the horizontal directional drilling market include American Augers, Inc., Barbco, Inc., Creighton Rock Drill Ltd., Ditch Witch, Ellingson Companies, Ferguson Michiana Inc., Herrenknecht AG, Laney Directional Drilling Co., McCloskey International, McLaughlin Group, Inc.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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