Technavio has been monitoring the workover rigs market and it is poised to grow by $ 254.51 million during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on workover rigs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by efforts to increase oil and gas production from mature oil and gas fields and increase in global drilling rig count. In addition, demand for oil and natural gas is anticipated to boost the growth of the market as well.
The workover rigs market analysis include application segment and geographic landscape.
Technavio's ‘ workover rigs market ’ is segmented as below:
By Application:
By Geography: landscapes
- North America
- MEA
- APAC
- Europe
- South America
This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs market growth during the next few years. development of intelligent well completion technologies and the emergence of automated workover rigs will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our workover rigs market covers the following areas:
- Workover rigs market sizing
- Workover rigs market forecast
- Workover rigs market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading workover rigs market vendors that include Basic Energy Services Inc., Bentec GmbH Drilling and Oilfield Systems, China National Petroleum Corp., Drillmec Spa, Nabors Industries Ltd., National Energy Services Reunited Corp., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd. Also, the workover rigs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Onshore - Market size and forecast 2019-2024
- Offshore - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Basic Energy Services Inc.
- Bentec GmbH Drilling and Oilfield Systems
- China National Petroleum Corp.
- Drillmec Spa
- Nabors Industries Ltd.
- National Energy Services Reunited Corp.
- National Oilwell Varco Inc.
- Precision Drilling Corp.
- Schlumberger Ltd.
- Yantai Jereh Oilfield Services Group Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Exhibit
- 1: Key Finding 1
- 2: Key Finding 2
- 3: Key Finding 3
- 4: Key Finding 5
- 5: Key Finding 6
- 6: Key Finding 7
- 7: Key Finding 8
- 8: Parent market
- 9: Market characteristics
- 10: Offerings of vendors included in the market definition
- 11: Market segments
- 12: Global - Market size and forecast 2019 - 2024 ($ million)
- 13: Global market: Year-over-year growth 2019 - 2024 (%)
- 14: Five forces analysis 2019 & 2024
- 15: Bargaining power of buyers
- 16: Bargaining power of suppliers
- 17: Threat of new entrants
- 18: Threat of substitutes
- 19: Threat of rivalry
- 20: Market condition - Five forces 2019
- 21: Application - Market share 2019-2024 (%)
- 22: Comparison by Application
- 23: Onshore - Market size and forecast 2019-2024 ($ million)
- 24: Onshore - Year-over-year growth 2019-2024 (%)
- 25: Offshore - Market size and forecast 2019-2024 ($ million)
- 26: Offshore - Year-over-year growth 2019-2024 (%)
- 27: Market opportunity by Application
- 28: Customer landscape
- 29: Market share by geography 2019-2024 (%)
- 30: Geographic comparison
- 31: North America - Market size and forecast 2019-2024 ($ million)
- 32: North America - Year-over-year growth 2019-2024 (%)
- 33: MEA - Market size and forecast 2019-2024 ($ million)
- 34: MEA - Year-over-year growth 2019-2024 (%)
- 35: APAC - Market size and forecast 2019-2024 ($ million)
- 36: APAC - Year-over-year growth 2019-2024 (%)
- 37: Europe - Market size and forecast 2019-2024 ($ million)
- 38: Europe - Year-over-year growth 2019-2024 (%)
- 39: South America - Market size and forecast 2019-2024 ($ million)
- 40: South America - Year-over-year growth 2019-2024 (%)
- 41: Key leading countries
- 42: Market opportunity by geography ($ million)
- 43: Impact of drivers and challenges
- 44: Vendor landscape
- 45: Landscape disruption
- 46: Industry risks
- 47: Vendors covered
- 48: Market positioning of vendors
- 49: Basic Energy Services Inc. - Overview
- 50: Basic Energy Services Inc. - Business segments
- 51: Basic Energy Services Inc. - Key offerings
- 52: Basic Energy Services Inc. - Key customers
- 53: Basic Energy Services Inc. - Segment focus
- 54: Bentec GmbH Drilling and Oilfield Systems - Overview
- 55: Bentec GmbH Drilling and Oilfield Systems - Product and service
- 56: Bentec GmbH Drilling and Oilfield Systems - Key offerings
- 57: Bentec GmbH Drilling and Oilfield Systems - Key customers
- 58: Bentec GmbH Drilling and Oilfield Systems - Segment focus
- 59: China National Petroleum Corp. - Overview
- 60: China National Petroleum Corp. - Product and service
- 61: China National Petroleum Corp. - Key offerings
- 62: China National Petroleum Corp. - Key customers
- 63: China National Petroleum Corp. - Segment focus
- 64: Drillmec Spa - Overview
- 65: Drillmec Spa - Product and service
- 66: Drillmec Spa - Key offerings
- 67: Drillmec Spa - Key customers
- 68: Drillmec Spa - Segment focus
- 69: Nabors Industries Ltd. - Overview
- 70: Nabors Industries Ltd. - Business segments
- 71: Nabors Industries Ltd. - Key offerings
- 72: Nabors Industries Ltd. - Key customers
- 73: Nabors Industries Ltd. - Segment focus
- 74: National Energy Services Reunited Corp. - Overview
- 75: National Energy Services Reunited Corp. - Business segments
- 76: National Energy Services Reunited Corp. - Key offerings
- 77: National Energy Services Reunited Corp. - Key customers
- 78: National Energy Services Reunited Corp. - Segment focus
- 79: National Oilwell Varco Inc. - Overview
- 80: National Oilwell Varco Inc. - Business segments
- 81: National Oilwell Varco Inc. - Key offerings
- 82: National Oilwell Varco Inc. - Key customers
- 83: National Oilwell Varco Inc. - Segment focus
- 84: Precision Drilling Corp. - Overview
- 85: Precision Drilling Corp. - Business segments
- 86: Precision Drilling Corp. - Key offerings
- 87: Precision Drilling Corp. - Key customers
- 88: Precision Drilling Corp. - Segment focus
- 89: Schlumberger Ltd. - Overview
- 90: Schlumberger Ltd. - Business segments
- 91: Schlumberger Ltd. - Key offerings
- 92: Schlumberger Ltd. - Key customers
- 93: Schlumberger Ltd. - Segment focus
- 94: Yantai Jereh Oilfield Services Group Co. Ltd. - Overview
- 95: Yantai Jereh Oilfield Services Group Co. Ltd. - Product and service
- 96: Yantai Jereh Oilfield Services Group Co. Ltd. - Key offerings
- 97: Yantai Jereh Oilfield Services Group Co. Ltd. - Key customers
- 98: Yantai Jereh Oilfield Services Group Co. Ltd. - Segment focus
- 99: Currency conversion rates for US$
- 100: Research Methodology
- 101: Validation techniques employed for market sizing
- 102: Information sources
- 103: List of abbreviations
