PUBLISHER: Grand View Research | PRODUCT CODE: 1530251
PUBLISHER: Grand View Research | PRODUCT CODE: 1530251
Oilfield Equipment Rental Market Trends
The global oilfield equipment rental market size was estimated at USD 24.13 billion in 2023 and is anticipated to grow at a CAGR of 3.8% from 2024 to 2030. Rising global investments in oil & gas exploration and production (E&P) activities are a major driver for the market. Crude oil and natural gas demand is increasing, leading operators to ramp up drilling and production.
Moreover, oil & gas operators increasingly favor rental over ownership of oilfield equipment. Renting provides flexibility, reduces upfront capital expenditure, and transfers maintenance responsibilities to the rental provider. Furthermore, oilfield equipment is becoming more advanced, enabling economical exploration of unconventional and deep hydrocarbon resources like shale, tight gas, and heavy oil. Technologies like horizontal drilling, deep drilling, and RFID circulation subs are being widely adopted. These aforementioned factors are anticipated to drive the demand for the market.
Global Oilfield Equipment Rental Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global oilfield equipment rental market based on the type, application, and region:
Drill Pipe
Drill Collar
Hevi-Wate
Others
Blow Out Preventer
Valves & Manifolds
Others
U.S.
Canada
Mexico
Russia
Norway
UK
Netherlands
Germany
China
India
Japan
Indonesia
Brazil
Argentina
Venezuela
Kuwait
Saudi Arabia
UAE
Nigeria
Iraq
Qatar
List Of Figures
Fig. 1 Market Segmentation & Scope
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Penetration And Growth Prospect Mapping
Fig. 10 Oilfield Equipment Rental Market - Value Chain Analysis
Fig. 11 Oilfield Equipment Rental Market Dynamics
Fig. 12 Oilfield Equipment Rental Market: PORTER's Analysis
Fig. 13 Oilfield Equipment Rental Market: PESTEL Analysis
Fig. 14 Oilfield Equipment Rental Market, By Type: Key Takeaways
Fig. 15 Oilfield Equipment Rental Market: Type Movement Analysis & Market Share, 2023 & 2030
Fig. 16 Drilling Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 17 Pressure & Flow Control Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 18 Fishing Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 19 Others Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 20 Drill Pipe Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 21 Drill Collar Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 22 Hevi-Wate Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 23 Others Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 Blow Out Preventer Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Valves & Manifolds Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 27 Others Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 28 Oilfield Equipment Rental Market, By Application: Key Takeaways
Fig. 29 Oilfield Equipment Rental Market: Application Movement Analysis & Market Share, 2023 & 2030
Fig. 30 Onshore Oilfield Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 31 Offshore Oilfield Equipment Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 Region Marketplace: Key Takeaways
Fig. 33 North America Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 34 U.S. Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Canada Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Mexico Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Europe Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Russia Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Norway Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 UK Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Netherlands Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Germany Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 Asia Pacific Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 China Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 Japan Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 India Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Indonesia Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 Latin America Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 Brazil Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Argentina Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 Venezuela Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Middle East & Africa Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Kuwait Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 54 Saudi Arabia Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 55 UAE Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 Nigeria Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 Iraq Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 Qatar Oilfield Equipment Rental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 Key Company Categorization
Fig. 60 Company Market Positioning
Fig. 61 Strategic Framework