Oilfield Equipment Rental Services Market Research Report – Forecast to 2027

Oilfield Equipment Rental Services Market Information Report by Drilling Equipment (Drill Pipe, Drill Collars, Heavv-Wate, Drill Subs), by Pressure & Flow Control Equipment (BOP, Valves & Manifolds, and others) and by Region - Global Forecast to 2027

ID: MRFR/E&P/1875-HCR | February 2021 | Region: Global | 160 pages

Impact of COVID-19 on the Global Oilfield-Equipment Rental Services Market
Oilfield-Equipment Rental Services Market


Source: Primary Experts, Secondary Sources, and MRFR Analysis


The outbreak of the COVID-19 pandemic has impacted the global oilfield-equipment rental services market adversely, owing to the lockdowns imposed in the majority of the countries worldwide since March 2020. The rising preference for the use of such equipment-rental services from the oil & gas industry is expected to stimulate market growth over the projected timeframe. Future investments in the oil & gas sector in emerging countries are expected to provide growth opportunities to the service providers of oilfield equipment. The demand for these products has been hampered temporarily in recent months owing to the shutting down of businesses globally. However, the requirement for oilfield-equipment rental services is anticipated to recover in the coming months and grow significantly in the long term.


Government authorities in several countries are focused on implementing supportive policies for relief against the COVID-19 pandemic, which is expected to provide support to various industries, including the oilfield-equipment rental services industry over the projected timeframe. The growing demand for advanced and energy-efficient products and technologies across industries is positively influencing the oilfield-equipment rental services market. Increasing project developments in the oil & gas sector are also expected to boost the demand for oilfield-equipment rental services.


Global Oil Production Forecast


Source: International Energy Agency


According to the MRF analysis, the global market is expected to witness slow growth in the coming year, which is likely to affect the demand for oilfield-equipment rental services worldwide. Industry participants are likely to improve their service capabilities and strengthen their foothold with the stabilizing market scenario over the projected timeframe. The market is expected to recover in Q1 of 2021.

Table of Contents
1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model
3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Oilfield Equipment Rental Services Market, By Drilling Equipment

4.1 DRILL PIPE

4.2 DRILL COLLARS

4.3 Heavy-Wate

4.4 Drill subs

5 Global Oilfield Equipment Rental Services Market, By Pressure & Flow Control Equipment

5.1 Introduction

5.2 BOP

5.3 Valves & Manifolds

5.4 Others

6 Regional Market Analysis

6.1 Introduction

6.2 North America

6.2.1 U.S.

6.2.2 Canada

6.3 Europe

6.3.1 U.K

6.3.2 France

6.3.3 Germany

6.3.4 Spain

6.3.5 Rest of Europe

6.4 Asia-PDrill Pipeific

6.4.1 China

6.4.2 Japan

6.4.3 India

6.4.4 Rest of Asia-PDrill Pipeific

6.5 Rest of the World

7 Competitive Analysis

7.1 Introduction

7.2 Competitive Scenario

7.2.1 Market Share Analysis

7.2.2 Market Development Analysis

7.2.3 Drilling Equipment/Service Benchmarking

7.3 Halliburton Co. (U.S.)

7.3.1 Overview

7.3.2 Drilling Equipment/Service Offering

7.3.3 Strategy

7.4 Oil States International Inc. (U.S.)

7.4.1 Overview

7.4.2 Drilling Equipment/Service Offering

7.4.3 Strategy

7.5 Schlumberger Ltd (U.S.)

7.5.1 Overview

7.5.2 Drilling Equipment/Service Offering

7.5.3 Strategy

7.6 Superior Energy Services Inc. (U.S.)

7.6.1 Overview

7.6.2 Drilling Equipment/Service Offering

7.6.3 Strategy

7.7 Weatherford International Ltd. (Switzerland)

7.7.1 Overview

7.7.2 Drilling Equipment/Service Offering

7.7.3 Strategy

7.7 Eaton Corporation Plc. (Ireland)

7.7.1 Overview

7.7.2 Drilling Equipment/Service Offering

7.7.3 Strategy

7.7 General Electric (U.S.)

7.7.1 Overview

7.7.2 Drilling Equipment/Service Offering

7.7.3 Strategy

7.10 Emerson Electric Co. (U.S.)

7.10.1 Overview

7.10.2 Drilling Equipment/Service Offering

7.10.3 Strategy

7.11 HitDrill Pipehi, Ltd. (Japan)

7.11.1 Overview

7.11.2 Drilling Equipment/Service Offering

7.11.3 Strategy

7.12 Mitsubishi Electric Corporation (Japan)

7.12.1 Overview

7.12.2 Drilling Equipment/Service Offering

7.12.3 Strategy

LIST OF TABLES
TABLE 1 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 2 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 3 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY REGIONS

TABLE 4 NORTH AMERICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 5 NORTH AMERICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 6 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 7 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 8 U.S. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY END-USER

TABLE 9 CANADA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 10 CANADA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 11 EUROPE ENGINEERING PLASTICMARKET, BY COUNTRY

TABLE 12 EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 13 EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 14 GERMANY OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 15 GERMANY OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 16 FRANCE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 17 FRANCE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 18 U.K. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 19 U.K. OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 20 REST OF EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 21 REST OF EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 22 ASIA-PDRILL PIPEIFIC OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 23 ASIA-PDRILL PIPEIFIC OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT

TABLE 24 MIDDLE EAST & AFRICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT

TABLE 25 MIDDLE EAST & AFRICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT


LIST OF FIGURES
FIGURE 1 RESEARCH DRILLING EQUIPMENT

FIGURE 2 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET: BY DRILLING EQUIPMENT (%)

FIGURE 3 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET: BY PRESSURE & FLOW CONTROL EQUIPMENT (%)

FIGURE 4 GLOBAL OILFIELD EQUIPMENT RENTAL SERVICES MARKET: BY REGION

FIGURE 5 NORTH AMERICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT (%)

FIGURE 6 NORTH AMERICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT (%)

FIGURE 7 NORTH AMERICA OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY COUNTRIES (%)

FIGURE 8 EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT (%)

FIGURE 9 EUROPE OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT (%)

FIGURE 10 ASIA-PDRILL PIPEIFIC OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT (%)

FIGURE 11 ASIA-PDRILL PIPEIFIC OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT (%)

FIGURE 12 ROW OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY DRILLING EQUIPMENT (%)

FIGURE 13 ROW OILFIELD EQUIPMENT RENTAL SERVICES MARKET, BY PRESSURE & FLOW CONTROL EQUIPMENT (%)