HDD(Horizontal Directional Drilling) 시장 : 세계 규모, 점유율, 동향 분석, 기회, 예측(2019-2029년)

Global Horizontal Directional Drilling Market Size Set to Grow at Steady CAGR of 5.7% Reaching USD 13.21 Billion by 2029

Global Horizontal Directional Drilling Market is flourishing because of the growing infrastructure development and an increasingly high demand for energy.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Horizontal Directional Drilling Market size at USD 9.46 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Global Horizontal Directional Drilling Market size to grow at a significant CAGR of 5.7% reaching a value of USD 13.21 billion by 2029. Major growth drivers for the Global Horizontal Directional Drilling Market include the increasing adoption of HDD technology for precise and minimally invasive drilling operations. This technique facilitates the drilling and reverse reaming of pipes with precision, navigating through obstacles in the underground terrain while minimizing harm to ecosystems. Market expansion is further fueled by increasing investments in shale gas projects and the ongoing development of high-speed connectivity in the telecom industry. Notably, The global surge in oil and gas activities has spurred an increase in horizontal directional drilling (HDD) worldwide. Recognizing the environmental impact of conventional drilling methods, there is a growing emphasis on employing eco-friendly drilling technology, leading to the expansion of the Global Horizontal Directional Drilling Market. The horizontal directional drilling approach stands out for its precision and reduced power consumption compared to vertical maneuvering techniques. Another significant driving force is the rapid globalization and urbanization, fueled by the escalating energy and fuel demand in developing nations. This surge in demand is closely tied to ongoing infrastructure development, utility system construction, and advancements in the telecommunications sector, including 5G testing. These factors, along with related developments, are anticipated to contribute significantly to the market's swift growth during the forecast period. The increasing utilization of horizontal directional drilling products in surveying, designing, and installing subsurface electrical systems for subterranean cables further propels the expansion of the market. Also, the rising demand for natural gas and electricity distribution in middle and upper pipeline lines is expected to drive market growth. The use of horizontal directional drilling fasteners in utility, communications, and oil and gas industries offers benefits such as increased stability, enhanced device management, and improved treatment and monitoring outcomes. However, high costs and technical challenges are anticipated to restrain the overall market growth during the forecast period.

Impact of Escalating Geopolitical Tensions on Global Horizontal Directional Drilling Market

The Global Horizontal Directional Drilling Market has been significantly impacted by intensifying geopolitical disruptions in recent times. For instance, the ongoing Russia-Ukraine conflict has disrupted supply chains decreased service demand, and increased uncertainty for businesses. This turmoil extended to energy markets, causing turbulence due to Russia's significant role as a major gas supplier, resulting in noticeable price fluctuations. In addition, the sanctions imposed on Russia by the United States and other have had widespread implications, injecting a level of risk for investors across various sectors. Beyond the war zones and disputed areas, the ongoing crisis jeopardizes stability on a global scale. It becomes imperative for businesses and investors alike to comprehend and adeptly manage these interconnected challenges.

Despite the current challenges posed by geopolitical tensions, there are potential growth opportunities for the Global Horizontal Directional Drilling Market. The ongoing infrastructure projects, utility installations, and the continuous expansion of the telecommunications industry. This demand underscores the market's resilience. Emphasizing strategic adaptation is crucial in navigating these complex circumstances, ensuring sustained success amid global challenges and uncertainties.

Global Horizontal Directional Drilling Market - By End User

On the basis of end user, the Global Horizontal Directional Drilling Market is divided into Oil & Gas Excavation, Utilities, and Telecommunication segments. The oil & gas excavation segment holds the highest share in the Global Horizontal Directional Drilling Market by end user. The existing and robust infrastructure generates a significant demand for drilling rigs, contributing to the predominant market position of the oil and gas excavation segment. Also, efforts to manage the increasing expenses linked to exploration and production endeavors in untapped regions are anticipated to strengthen the prominence of this segment. Meanwhile, the telecommunications segment holds the highest share in the Global Horizontal Directional Drilling Market. The increasing need for faster broadband access propels telecommunications operators to adopt advanced and reliable drilling services, including horizontal directional drilling. This method facilitates the expansion of optic fiber cable networks by deploying conduits and pipes through holes nearly 4 feet in diameter and 6,500 feet in length, particularly in offshore locations. The growing demand for 4G and 5G networks is expected to contribute significantly to the segment's growth throughout the forecast period.

Global Horizontal Directional Drilling Market - By Region

The in-depth research report on the Global Horizontal Directional Drilling Market covers various country-specific markets across five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds the highest share in the Global Horizontal Directional Drilling Market. According to the U.S. Energy Information Administration, liquid fuel consumption in 2022 was reported at 8.8 billion barrels per day. The growing prevalence of infrastructure and utility projects in North America is a key driver for the increased demand in horizontal directional drilling equipment and services. The Middle East and Africa (MEA) region emerged as the second-largest user of drilling services for oil and gas excavation activities.

Competitive Landscape

Major players operating in the Global Horizontal Directional Drilling Market include Baker Hughes Company, Barbco Inc., China Oilfield Services Limited, Ellingson Companies, Halliburton Company, Helmerich & Payne Inc., Herrenknecht AG, Nabors Industries Ltd, NOV Inc., Schlumberger Limited, The Toro Company, Vermeer Corporation, Weatherford International plc, Drillto Trenchless Co. Ltd, Laney Directional Drilling, Prime Drilling GmbH, XCMG Group, and TRACTO. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Horizontal Directional Drilling Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Horizontal Directional Drilling Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

2. Executive Summary

3. Global Horizontal Directional Drilling Market Insights

• 3.1. Industry Value Chain Analysis
• 3.2. DROC Analysis
  • 3.2.1. Growth Drivers
    • 3.2.1.1. Increasing infrastructure development
    • 3.2.1.2. Rising energy demands
  • 3.2.2. Restraints
    • 3.2.2.1. High costs
    • 3.2.2.2. Technical challenges
  • 3.2.3. Opportunities
    • 3.2.3.1. Renewable energy infrastructure
    • 3.2.3.2. Telecommunications expansion
  • 3.2.4. Challenges
    • 3.2.4.1. Competition
    • 3.2.4.2. Geological variability
• 3.3. Technological Advancements/Recent Developments
• 3.4. Regulatory Framework
• 3.5. Porter's Five Forces Analysis
  • 3.5.1. Bargaining Power of Suppliers
  • 3.5.2. Bargaining Power of Buyers
  • 3.5.3. Threat of New Entrants
  • 3.5.4. Threat of Substitutes
  • 3.5.5. Intensity of Rivalry

4. Global Horizontal Directional Drilling Market Overview

• 4.1. Market Size & Forecast, 2019-2029
  • 4.1.1. By Value (USD Billion)
• 4.2. Market Share and Forecast
  • 4.2.1. By Technology
    • 4.2.1.1. Conventional
    • 4.2.1.2. Rotary Steerable System
  • 4.2.2. By Location
    • 4.2.2.1. Onshore
    • 4.2.2.2. Offshore
  • 4.2.3. By End User
    • 4.2.3.1. Oil and Gas Excavation
    • 4.2.3.2. Utilities
    • 4.2.3.3. Telecommunications
    • 4.2.3.4. Others
  • 4.2.4. By Region
    • 4.2.4.1. North America
    • 4.2.4.2. Europe
    • 4.2.4.3. Asia Pacific (APAC)
    • 4.2.4.4. Latin America (LATAM)
    • 4.2.4.5. Middle East and Africa (MEA)

5. North America Horizontal Directional Drilling Market

• 5.1. Market Size & Forecast, 2019-2029
  • 5.1.1. By Value (USD Billion)
• 5.2. Market Share & Forecast
  • 5.2.1. By Technology
  • 5.2.2. By Location
  • 5.2.3. By End User
  • 5.2.4. By Country
    • 5.2.4.1. United States
    • 5.2.4.1.1. By Technology
    • 5.2.4.1.2. By Location
    • 5.2.4.1.3. By End User
    • 5.2.4.2. Canada
    • 5.2.4.2.1. By Technology
    • 5.2.4.2.2. By Location
    • 5.2.4.2.3. By End User

6. Europe Horizontal Directional Drilling Market

• 6.1. Market Size & Forecast, 2019-2029
  • 6.1.1. By Value (USD Billion)
• 6.2. Market Share & Forecast
  • 6.2.1. By Technology
  • 6.2.2. By Location
  • 6.2.3. By End User
  • 6.2.4. By Country
    • 6.2.4.1. Germany
    • 6.2.4.1.1. By Technology
    • 6.2.4.1.2. By Location
    • 6.2.4.1.3. By End User
    • 6.2.4.2. United Kingdom
    • 6.2.4.2.1. By Technology
    • 6.2.4.2.2. By Location
    • 6.2.4.2.3. By End User
    • 6.2.4.3. Italy
    • 6.2.4.3.1. By Technology
    • 6.2.4.3.2. By Location
    • 6.2.4.3.3. By End User
    • 6.2.4.4. France
    • 6.2.4.4.1. By Technology
    • 6.2.4.4.2. By Location
    • 6.2.4.4.3. By End User
    • 6.2.4.5. Spain
    • 6.2.4.5.1. By Technology
    • 6.2.4.5.2. By Location
    • 6.2.4.5.3. By End User
    • 6.2.4.6. Belgium
    • 6.2.4.6.1. By Technology
    • 6.2.4.6.2. By Location
    • 6.2.4.6.3. By End User
    • 6.2.4.7. Russia
    • 6.2.4.7.1. By Technology
    • 6.2.4.7.2. By Location
    • 6.2.4.7.3. By End User
    • 6.2.4.8. The Netherlands
    • 6.2.4.8.1. By Technology
    • 6.2.4.8.2. By Location
    • 6.2.4.8.3. By End User
    • 6.2.4.9. Rest of Europe
    • 6.2.4.9.1. By Technology
    • 6.2.4.9.2. By Location
    • 6.2.4.9.3. By End User

7. Asia-Pacific Horizontal Directional Drilling Market

• 7.1. Market Size & Forecast, 2019-2029
  • 7.1.1. By Value (USD Billion)
• 7.2. Market Share & Forecast
  • 7.2.1. By Technology
  • 7.2.2. By Location
  • 7.2.3. By End User
  • 7.2.4. By Country
    • 7.2.4.1. China
    • 7.2.4.1.1. By Technology
    • 7.2.4.1.2. By Location
    • 7.2.4.1.3. By End User
    • 7.2.4.2. India
    • 7.2.4.2.1. By Technology
    • 7.2.4.2.2. By Location
    • 7.2.4.2.3. By End User
    • 7.2.4.3. Japan
    • 7.2.4.3.1. By Technology
    • 7.2.4.3.2. By Location
    • 7.2.4.3.3. By End User
    • 7.2.4.4. South Korea
    • 7.2.4.4.1. By Technology
    • 7.2.4.4.2. By Location
    • 7.2.4.4.3. By End User
    • 7.2.4.5. Australia & New Zealand
    • 7.2.4.5.1. By Technology
    • 7.2.4.5.2. By Location
    • 7.2.4.5.3. By End User
    • 7.2.4.6. Indonesia
    • 7.2.4.6.1. By Technology
    • 7.2.4.6.2. By Location
    • 7.2.4.6.3. By End User
    • 7.2.4.7. Malaysia
    • 7.2.4.7.1. By Technology
    • 7.2.4.7.2. By Location
    • 7.2.4.7.3. By End User
    • 7.2.4.8. Singapore
    • 7.2.4.8.1. By Technology
    • 7.2.4.8.2. By Location
    • 7.2.4.8.3. By End User
    • 7.2.4.9. Vietnam
    • 7.2.4.9.1. By Technology
    • 7.2.4.9.2. By Location
    • 7.2.4.9.3. By End User
    • 7.2.4.10. Rest of APAC
    • 7.2.4.10.1. By Technology
    • 7.2.4.10.2. By Location
    • 7.2.4.10.3. By End User

8. Latin America Horizontal Directional Drilling Market

• 8.1. Market Size & Forecast, 2019-2029
  • 8.1.1. By Value (USD Billion)
• 8.2. Market Share & Forecast
  • 8.2.1. By Technology
  • 8.2.2. By Location
  • 8.2.3. By End User
  • 8.2.4. By Country
    • 8.2.4.1. Brazil
    • 8.2.4.1.1. By Technology
    • 8.2.4.1.2. By Location
    • 8.2.4.1.3. By End User
    • 8.2.4.2. Mexico
    • 8.2.4.2.1. By Technology
    • 8.2.4.2.2. By Location
    • 8.2.4.2.3. By End User
    • 8.2.4.3. Argentina
    • 8.2.4.3.1. By Technology
    • 8.2.4.3.2. By Location
    • 8.2.4.3.3. By End User
    • 8.2.4.4. Peru
    • 8.2.4.4.1. By Technology
    • 8.2.4.4.2. By Location
    • 8.2.4.4.3. By End User
    • 8.2.4.5. Rest of LATAM
    • 8.2.4.5.1. By Technology
    • 8.2.4.5.2. By Location
    • 8.2.4.5.3. By End User

9. Middle East & Africa Horizontal Directional Drilling Market

• 9.1. Market Size & Forecast, 2019-2029
  • 9.1.1. By Value (USD Billion)
• 9.2. Market Share & Forecast
  • 9.2.1. By Technology
  • 9.2.2. By Location
  • 9.2.3. By End User
  • 9.2.4. By Country
    • 9.2.4.1. Saudi Arabia
    • 9.2.4.1.1. By Technology
    • 9.2.4.1.2. By Location
    • 9.2.4.1.3. By End User
    • 9.2.4.2. UAE
    • 9.2.4.2.1. By Technology
    • 9.2.4.2.2. By Location
    • 9.2.4.2.3. By End User
    • 9.2.4.3. Qatar
    • 9.2.4.3.1. By Technology
    • 9.2.4.3.2. By Location
    • 9.2.4.3.3. By End User
    • 9.2.4.4. Kuwait
    • 9.2.4.4.1. By Technology
    • 9.2.4.4.2. By Location
    • 9.2.4.4.3. By End User
    • 9.2.4.5. South Africa
    • 9.2.4.5.1. By Technology
    • 9.2.4.5.2. By Location
    • 9.2.4.5.3. By End User
    • 9.2.4.6. Nigeria
    • 9.2.4.6.1. By Technology
    • 9.2.4.6.2. By Location
    • 9.2.4.6.3. By End User
    • 9.2.4.7. Algeria
    • 9.2.4.7.1. By Technology
    • 9.2.4.7.2. By Location
    • 9.2.4.7.3. By End User
    • 9.2.4.8. Rest of MEA
    • 9.2.4.8.1. By Technology
    • 9.2.4.8.2. By Location
    • 9.2.4.8.3. By End User

10. Competitive Landscape

• 10.1. List of Key Players and Their Offerings
• 10.2. Global Horizontal Directional Drilling Market Share Analysis, 2022
• 10.3. Competitive Benchmarking, By Operating Parameters
• 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Horizontal Directional Drilling Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

• 12.1. Baker Hughes Company
• 12.2. Barbco Inc.
• 12.3. China Oilfield Services Limited
• 12.4. Ellingson Companies
• 12.5. Halliburton Company
• 12.6. Helmerich & Payne Inc.
• 12.7. Herrenknecht AG
• 12.8. Nabors Industries Ltd
• 12.9. NOV Inc.
• 12.10. Schlumberger Limited
• 12.11. The Toro Company
• 12.12. Vermeer Corporation
• 12.13. Weatherford International plc
• 12.14. Drillto Trenchless Co. Ltd
• 12.15. Laney Directional Drilling
• 12.16. Prime Drilling GmbH
• 12.17. XCMG Group
• 12.18. TRACTO
• 12.19. Ditch Witch Ltd
• 12.20. Goodend Machines International
• 12.21. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

• 14.1. Qualitative Research
  • 14.1.1. Primary & Secondary Research
• 14.2. Quantitative Research
• 14.3. Market Breakdown & Data Triangulation
  • 14.3.1. Secondary Research
  • 14.3.2. Primary Research
• 14.4. Breakdown of Primary Research Respondents, By Region
• 14.5. Assumptions & Limitations