PUBLISHER: Acute Market Reports | PRODUCT CODE: 1255983
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1255983
Horizontal Directional Drilling (HDD) Market - Growth, Future Prospects and Competitive Analysis, 2023 - 2031
The concept of directional drilling involves drilling wells at multiple angels (including vertical drilling), to reach the reserves. In Oil & Gas sector, directional drilling including HDD has advanced technologically in terms of drilling multiple holes. Today, a single vertical hole is drilled up to a certain depth, and from there the drill bits can be taken in multiple angular direction that runs parallel to the ground. This directional drilling helps in reducing environment impact which was high in case of multiple puncturing.
Improvements in drilling sensors and GOS (Global Positioning Systems) has helped attain immense improvements in horizontal directional drilling technology. Today, the drill bit angle can be controlled with high accuracy and real time data acquisition technologies. This helps in providing multiple solutions to drilling challenges like tool failure, mud extraction, and accurate angular movement to hit the reserve amongst others. The tools utilized to achieve directional drilling are whip-stocks, bottom-hole assembly (BHA) configurations, 3-D measuring devices, mud motors and specialized (diamond core) drill bits.
The tools and techniques used in horizontal direction drilling process in oil and gas industry have eventually led to this technology being applied into other end-use industries like telecommunications, energy & utilities, and electric transmission systems (underground) to connect underground pipelines, beach pull of underground pipelines, lay optic fiber cables, join existing cables with new fibers and duct laying amongst others. Earlier a trench was to be excavated to initiate drilling process including HDD. But now with the advent of technologies, HDD tools can be set up in a trenchless environment that has further minimized environmental impact. The trenchless technology allows obstacles like rivers, roads, terrain, mountains, roads & residential areas and other protection zones to be crossed underground. This underground pipeline is also better protected against external influences like surrounding pressure and natural calamities like earthquakes.
The components used for horizontal drilling in case of telecommunication cables, utilities, and electrical transmission set-up are similar to those utilized in oil well drilling rig. The drill pipe and down-hole tools are generally interchangeable. Drilling fluid is used throughout the operation to reduce friction and stabilize the hole from extremely high pressure built due to hole drilled. Except oil and gas sector, HDD utilized for other end-use industry sometimes use boring instead of drilling especially when machines are used to extract underground water. Otherwise, drilling is the common terminology used in case puncturing hole into the ground.
Based on the geographical segment, the region with largest market share of the horizontal directional drilling market was Asia Pacific (APAC) in 2022. Boom in mega construction and infrastructure projects, rapid urbanization, improving transportation and road facilities, high underground water extraction and rapidly expanding telecom industry are some of the major driving factors for the market growth in APAC. MEA is expected to follow after APAC on account of massive infrastructure development and oil and gas development in the GCC, South Africa, and other West African countries. North America and Europe are expected to have moderate growth rate and Latin America also expected to witness high growth rate during the forecast period.
Key players across the pile driving equipment's value chain are:
Drillto Trenchless Co., Ltd., Prime Drilling GmbH, XCMG Group, Herrenknecht AG, Tracto Technique GmbH & Co. KG, Ditch Witch Ltd., Goodend Machines International, XCMG Group Co., Ltd., Zoomlion ElectroMech India Pvt. Ltd., CNH Industrial America LLC and DE/TXS Construction Equipment Co., Ltd. and Notable players.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Horizontal Directional Drilling (HDD) market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Horizontal Directional Drilling (HDD) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
End-use Industry
Oil & Gas
Energy & Utilities (Water, Gas, Oil Products, and Power Distribution)
Telecommunication
Electric Transmission
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Horizontal Directional Drilling (HDD) market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Horizontal Directional Drilling (HDD) market?
Which is the largest regional market for Horizontal Directional Drilling (HDD) market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Horizontal Directional Drilling (HDD) market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Horizontal Directional Drilling (HDD) market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Horizontal Directional Drilling (HDD) Market
- 2.2. Global Horizontal Directional Drilling (HDD) Market, By End-use Industry, 2022 (US$ Million)
- 2.3. Global Horizontal Directional Drilling (HDD) Market, By Geography, 2022 (US$ Million)
- 2.4. Attractive Investment Proposition by Geography, 2022
3. Horizontal Directional Drilling (HDD) Market: Competitive Analysis
- 3.1. Market Positioning of Key Horizontal Directional Drilling (HDD) Market Vendors
- 3.2. Strategies Adopted by Horizontal Directional Drilling (HDD) Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Horizontal Directional Drilling (HDD) Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Horizontal Directional Drilling (HDD) Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Oil & Gas
- 5.3.2. Energy & Utilities (Water, Gas, Oil Products, and Power Distribution)
- 5.3.3. Telecommunication
- 5.3.4. Electric Transmission
6. North America Horizontal Directional Drilling (HDD) Market, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 6.3.Horizontal Directional Drilling (HDD) Market: By Region, 2021-2031, USD (Million)
- 6.3.1.North America
- 6.3.1.1. U.S.
- 6.3.1.1.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 6.3.1.2. Canada
- 6.3.1.2.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 6.3.1.3. Rest of North America
- 6.3.1.3.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 6.3.1.1. U.S.
- 6.3.1.North America
7. UK and European Union Horizontal Directional Drilling (HDD) Market, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.Horizontal Directional Drilling (HDD) Market: By Region, 2021-2031, USD (Million)
- 7.3.1.UK and European Union
- 7.3.1.1. UK
- 7.3.1.1.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.2. Germany
- 7.3.1.2.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.3. Spain
- 7.3.1.3.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.4. Italy
- 7.3.1.4.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.5. France
- 7.3.1.5.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.6. Rest of Europe
- 7.3.1.6.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 7.3.1.1. UK
- 7.3.1.UK and European Union
8. Asia Pacific Horizontal Directional Drilling (HDD) Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.Horizontal Directional Drilling (HDD) Market: By Region, 2021-2031, USD (Million)
- 8.3.1.Asia Pacific
- 8.3.1.1. China
- 8.3.1.1.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.2. Japan
- 8.3.1.2.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.3. India
- 8.3.1.3.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.4. Australia
- 8.3.1.4.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.5. South Korea
- 8.3.1.5.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.6. Rest of Asia Pacific
- 8.3.1.6.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 8.3.1.1. China
- 8.3.1.Asia Pacific
9. Latin America Horizontal Directional Drilling (HDD) Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 9.3.Horizontal Directional Drilling (HDD) Market: By Region, 2021-2031, USD (Million)
- 9.3.1.Latin America
- 9.3.1.1. Brazil
- 9.3.1.1.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 9.3.1.2. Mexico
- 9.3.1.2.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 9.3.1.3. Rest of Latin America
- 9.3.1.3.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 9.3.1.1. Brazil
- 9.3.1.Latin America
10. Middle East and Africa Horizontal Directional Drilling (HDD) Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 10.3.Horizontal Directional Drilling (HDD) Market: By Region, 2021-2031, USD (Million)
- 10.3.1.Middle East and Africa
- 10.3.1.1. GCC
- 10.3.1.1.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 10.3.1.2. Africa
- 10.3.1.2.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 10.3.1.3. Rest of Middle East and Africa
- 10.3.1.3.1. Horizontal Directional Drilling (HDD) Market: By End-use Industry, 2021-2031, USD (Million)
- 10.3.1.1. GCC
- 10.3.1.Middle East and Africa
11. Company Profile
- 11.1. Drillto Trenchless Co., Ltd.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Prime Drilling GmbH
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. XCMG Group
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Herrenknecht AG
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Tracto Technique GmbH & Co. KG
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Ditch Witch Ltd.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Goodend Machines International
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. XCMG Group Co., Ltd.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Zoomlion ElectroMech India Pvt. Ltd.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. CNH Industrial America LLC
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. DE/TXS Construction Equipment Co., Ltd.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
- 11.12. Others notable players
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 2 North America Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 3 U.S. Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 4 Canada Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 5 Rest of North America Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 6 UK and European Union Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 7 UK Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 8 Germany Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 9 Spain Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 10 Italy Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 11 France Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 12 Rest of Europe Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 13 Asia Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 14 China Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 15 Japan Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 16 India Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 17 Australia Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 18 South Korea Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 19 Latin America Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 20 Brazil Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 21 Mexico Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 22 Rest of Latin America Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 23 Middle East and Africa Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 24 GCC Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 25 Africa Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
- TABLE 26 Rest of Middle East and Africa Horizontal Directional Drilling (HDD) Market By End-use Industry, 2021-2031, USD (Million)
List of Figures
- FIG. 1 Global Horizontal Directional Drilling (HDD) Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Horizontal Directional Drilling (HDD) Market: Quality Assurance
- FIG. 5 Global Horizontal Directional Drilling (HDD) Market, By End-use Industry, 2022
- FIG. 6 Global Horizontal Directional Drilling (HDD) Market, By Geography, 2022
- FIG. 7 Market Geographical Opportunity Matrix - Global Horizontal Directional Drilling (HDD) Market, 2022
- FIG. 8 Market Positioning of Key Horizontal Directional Drilling (HDD) Market Players, 2022
- FIG. 9 Global Horizontal Directional Drilling (HDD) Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
- FIG. 10 Global Horizontal Directional Drilling (HDD) Market, By End-use Industry, 2022 Vs 2031, %
- FIG. 11 U.S. Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 12 Canada Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 13 Rest of North America Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 14 UK Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 15 Germany Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 16 Spain Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 17 Italy Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 18 France Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 19 Rest of Europe Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 20 China Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 21 Japan Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 22 India Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 23 Australia Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 24 South Korea Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 25 Rest of Asia Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 26 Brazil Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 27 Mexico Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 28 Rest of Latin America Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 29 GCC Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 30 Africa Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
- FIG. 31 Rest of Middle East and Africa Horizontal Directional Drilling (HDD) Market (US$ Million), 2021 - 2031
