Directional Drilling Market Research Report – Forecast to 2027

Directional Drilling Market Research Report, By Application (Onshore and Offshore), by Well type (Horizontal, Multilateral, and Extended reach), by Service (Rotary steerable systems, LWD, MWD, and Motors) and by Region - Global Forecast till 2027

ID: MRFR/E&P/0866-HCR | February 2021 | Region: Global | 120 pages

Directional Drilling Market Scenario


Global Directional Drilling Market is expected to expand at ~9.48% CAGR during the forecast period.


Directional drilling is an essential practice carried out by crude oil producers to reach the harshest wells and optimizing the production from the resource land. Typically the well is drilled vertically down in the land which is more prone to the risk of nonproduction and is economically infeasible. The directional drilling provides the solution for drilling of oil wells at multiple angles other than vertical angle and help reach better reserves of oil and gas. Despite the advancements in technology, directional drilling has been the prime area of interest for oil upstream players because of the applications involving this technique, which include drilling at more than one angles in the fields, recovering oil and gas from the untapped source. Furthermore, the process allows the drilling of multiple wells from the parent wellbore, which helps diminish the environmental impacts of drilling. With its advantages in both, onshore and offshore well drilling, directional drilling hold significance in oilfield service business.


Discoveries in oil and gas industry along with shale activities and increasing demand for energy and fuel from the growing nations complementing from increased globalization and urbanization are leading drivers of directional drilling market. In 2015, trenchless Engineering Services Pvt. Ltd. installed horizontal direction drill for a gas pipeline, which was laid to a depth of 140 meters below the surface level. However, the low price trends have restrained the projects for directional drilling and many projects had been paused, which are expected to start with recovering oil prices.


Global directional drilling market has been segmented based on application, well type, services and region. Based on the application type the market is further classified as onshore and offshore. Between these, the onshore application segment is anticipated to hold major market share due to the fact that the onshore region is witnessing more and more new exploration activities coupled with more fields getting mature. On the basis of well type the directional drilling market is segmented as horizontal well, multilateral wells and extended reach wells. Among these, horizontal wells are expected to hold a large market share due to their significance in more production rate and exposure of greater wellbore length. Based on services the market is segmented as Rotary steerable system, Logging while drilling (LWD), Measurement while drilling (MWD), and Motors. Amongst these, LWD holds the major market share because of its advantage in cost savings and acquiring the formation data.  


Oil and gas directional drilling industry is expected to have huge potential from increasing projects over the forecast period given the increased production from the end use industry coupled with growing shale revolution. The market is also expected to witness high expansion activities by multinational and major players.   


Global Directional Drilling Market is expected to expand at ~9.48% CAGR during the forecast period.


Market Segmentation Directional Drilling

Global Directional Drilling Market


The global directional drilling market is also expected to have exponential growth by virtue of recovering global oil prices. North America and Europe regions are expected to dominate the market for directional drilling. The regions are observing a large number of oil exploration activities from Gulf of Mexico and North Sea, which will lead more drilling activities in these regions. Besides, the large number of mature oil wells from North Sea in Europe and Permian Basin and Bakken in North America are likely to demand new drilling activities thus, driving the directional drilling market. Africa and Middle East are also expected to witness significant growth over the forecast period due to the growing exploration activities coupled with increasing demand for fuel from growing nations. 


Key Players


The key players in directional drilling market are Baker Hughes Incorporated (U.S.), National Oilwell Varco (U.S.), Weatherford International Plc. (U.S.), Schlumberger Ltd (U.S.), and Halliburton Company (U.S.). Nabors Industries Ltd (Bermuda), Cathedral Energy Services Ltd (Canada), Jindal Drilling & Industries Limited (India), and Gyrodata Incorporated (U.S.) are among others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   9.48% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Well Type, Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Baker Hughes Incorporated (U.S.), National Oilwell Varco (U.S.), Weatherford International Plc. (U.S.), Schlumberger Ltd (U.S.), and Halliburton Company (U.S.). Nabors Industries Ltd (Bermuda), Cathedral Energy Services Ltd (Canada), Jindal Drilling & Industries Limited (India), and Gyrodata Incorporated (U.S.)
  Key Market Opportunities   Gradual Recovery Of Oil Prices
  Key Market Drivers

  • Increase In Shale Oil And Gas Development
  • Advancement In Drilling Technologies
  • Rising Demand For Oil And Gas In Developing Countries


  • Frequently Asked Questions (FAQ) :


    The growth rate that can be achieved by the global market is 9.48%.

    The market for directional drilling is expanding at a significant pace and gain higher traction by 2023, given the increasing shale revolution and surging number of projects all over the world.

    Some of the significant companies in the market are Jindal Drilling & Industries Limited (India), Nabors Industries Ltd (Bermuda), Cathedral Energy Services Ltd (Canada), Schlumberger Ltd (U.S.), Baker Hughes Incorporated (U.S.), National Oilwell Varco (U.S.), Weatherford International Plc. (U.S.), Halliburton Company (U.S.), Gyrodata Incorporated (U.S.), and others.

    Surge in the number of exploration activities paired with the mounting demand for fuel among the developing nations make MEA a lucrative market for directional drilling.

    Depending on services, the market has been segmented on the basis of Logging while drilling (LWD), Rotary steerable system, Motors as well as Measurement while drilling (MWD).

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.3 List of Assumptions

    2.4 Market Structure

    2.5 Key Takeaways

    2.6 Key Buying Criteria

    3 Market Insights

    4 Research Methodology

    4.1 Research Process

    4.2 Primary Research

    4.3 Secondary Research

    4.4 Market Size Estimation

    4.5 Forecast Model

    5 Market Dynamics

    5.1 Introduction

    5.2 Drivers

    5.2.1 Increase in Shale oil and gas development

    5.2.2 Advancement in drilling technologies

    5.2.3 Rising demand for oil and gas in developing countries

    5.2.4 Drivers Impact Analysis

    5.3 Restraints

    5.3.1 Increased focus on renewable energy

    5.3.2 Stringent regulatory policies

    5.4 Opportunities

    5.4.1 Gradual recovery of oil prices

    5.5 Value Chain Analysis

    5.6 Porter’s Five Forces Model

    5.6.1 Threat of New Entrants

    5.6.2 Bargaining Power of Suppliers

    5.6.3 Bargaining Power of Buyers

    5.6.4 Threat of Substitutes

    5.6.5 Intensity of Rivalry

    6 Global Directional Drilling Market, By Type

    6.1 Overview

    6.1.1 Horizontal wells

    6.1.1.1 Market Estimates & Forecast, 2020-2027

    6.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

    6.1.2 Multilateral wells

    6.1.2.1 Market Estimates & Forecast, 2020-2027

    6.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

    6.1.3 Extended reach wells

    6.1.3.1 Market Estimates & Forecast, 2020-2027

    6.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7 Global Directional Drilling Market, By Application

    7.1 Overview

    7.1.1 Onshore

    7.1.1.1 Market Estimates & Forecast, 2020-2027

    7.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

    7.1.2 Offshore

    7.1.2.1 Market Estimates & Forecast, 2020-2027

    7.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

    8 Global Directional Drilling Market, By Service

    8.1 Overview

    8.1.1 LWD

    8.1.1.1 Market Estimates & Forecast, 2020-2027

    8.1.1.2 Market Estimates & Forecast By Region/Country, 2020-2027

    8.1.2 MWD & Survey

    8.1.2.1 Market Estimates & Forecast, 2020-2027

    8.1.2.2 Market Estimates & Forecast By Region/Country, 2020-2027

    8.1.3 RSS

    8.1.3.1 Market Estimates & Forecast, 2020-2027

    8.1.3.2 Market Estimates & Forecast By Region/Country, 2020-2027

    8.1.4 Motors

    8.1.4.1 Market Estimates & Forecast, 2020-2027

    8.1.4.2 Market Estimates & Forecast By Region/Country, 2020-2027

    9 Directional Drilling Market, By Region

    9.1 Overview

    9.2 North America

    9.2.1 Market Estimates & Forecast, By Country, 2020-2027

    9.2.2 Market Estimates & Forecast By Type, 2020-2027

    9.2.3 Market Estimates & Forecast By Application , 2020-2027

    9.2.4 Market Estimates & Forecast By Service, 2020-2027

    9.2.5 U.S.

    9.2.5.1 Market Estimates & Forecast By Type, 2020-2027

    9.2.5.2 Market Estimates & Forecast By Application , 2020-2027

    9.2.5.3 Market Estimates & Forecast By Service, 2020-2027

    9.2.7 Canada

    9.2.7.1 Market Estimates & Forecast By Type, 2020-2027

    9.2.7.2 Market Estimates & Forecast By Application , 2020-2027

    9.2.7.3 Market Estimates & Forecast By Service, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, By Country, 2020-2027

    9.3.2 Market Estimates & Forecast By Type, 2020-2027

    9.3.3 Market Estimates & Forecast By Application , 2020-2027

    9.3.4 Market Estimates & Forecast By Service, 2020-2027

    9.3.5 Norway

    9.3.5.1 Market Estimates & Forecast By Type, 2020-2027

    9.3.5.2 Market Estimates & Forecast By Application , 2020-2027

    9.3.5.3 Market Estimates & Forecast By Service, 2020-2027

    9.3.6 The Netherlands

    9.3.6.1 Market Estimates & Forecast By Type, 2020-2027

    9.3.6.2 Market Estimates & Forecast By Application , 2020-2027

    9.3.6.3 Market Estimates & Forecast By Service, 2020-2027

    9.3.7 The U.K

    9.3.7.1 Market Estimates & Forecast By Type, 2020-2027

    9.3.7.2 Market Estimates & Forecast By Application , 2020-2027

    9.3.7.3 Market Estimates & Forecast By Service, 2020-2027

    9.3.8 Russia

    9.3.8.1 Market Estimates & Forecast By Type, 2020-2027

    9.3.8.2 Market Estimates & Forecast By Application , 2020-2027

    9.3.8.3 Market Estimates & Forecast By Service, 2020-2027

    9.3.9 Rest of Europe

    9.3.9.1 Market Estimates & Forecast By Type, 2020-2027

    9.3.9.2 Market Estimates & Forecast By Application , 2020-2027

    9.3.9.3 Market Estimates & Forecast By Service, 2020-2027

    9.4 Asia Pacific

    9.4.1 Market Estimates & Forecast, By Country, 2020-2027

    9.4.2 Market Estimates & Forecast By Type, 2020-2027

    9.4.3 Market Estimates & Forecast By Application , 2020-2027

    9.4.4 Market Estimates & Forecast By Service, 2020-2027

    9.4.5 China

    9.4.5.1 Market Estimates & Forecast By Type, 2020-2027

    9.4.5.2 Market Estimates & Forecast By Application , 2020-2027

    9.4.5.3 Market Estimates & Forecast By Service, 2020-2027

    9.4.6 India

    9.4.6.1 Market Estimates & Forecast By Type, 2020-2027

    9.4.6.2 Market Estimates & Forecast By Application , 2020-2027

    9.4.6.3 Market Estimates & Forecast By Service, 2020-2027

    9.4.7 Indonesia

    9.4.7.1 Market Estimates & Forecast By Type, 2020-2027

    9.4.7.2 Market Estimates & Forecast By Application , 2020-2027

    9.4.7.3 Market Estimates & Forecast By Service, 2020-2027

    9.4.8 Australia

    9.4.8.1 Market Estimates & Forecast By Type, 2020-2027

    9.4.8.2 Market Estimates & Forecast By Application , 2020-2027

    9.4.8.3 Market Estimates & Forecast By Service, 2020-2027

    9.4.7 Rest of Asia Pacific

    9.4.7.1 Market Estimates & Forecast By Type, 2020-2027

    9.4.7.2 Market Estimates & Forecast By Application , 2020-2027

    9.4.7.3 Market Estimates & Forecast By Service, 2020-2027

    9.5 Rest of the World

    9.5.1 Market Estimates & Forecast, By Country, 2020-2027

    9.5.2 Market Estimates & Forecast By Type, 2020-2027

    9.5.3 Market Estimates & Forecast By Application , 2020-2027

    9.5.4 Market Estimates & Forecast By Service, 2020-2027

    9.5.5 Middle East

    9.5.5.1 Market Estimates & Forecast By Type, 2020-2027

    9.5.5.2 Market Estimates & Forecast By Application , 2020-2027

    9.5.5.3 Market Estimates & Forecast By Service, 2020-2027

    9.5.6 Africa

    9.5.6.1 Market Estimates & Forecast By Type, 2020-2027

    9.5.6.2 Market Estimates & Forecast By Application , 2020-2027

    9.5.6.3 Market Estimates & Forecast By Service, 2020-2027

    9.5.6 Latin America

    9.5.6.1 Market Estimates & Forecast By Type, 2020-2027

    9.5.6.2 Market Estimates & Forecast By Application , 2020-2027

    9.5.6.3 Market Estimates & Forecast By Service, 2020-2027

    10 Competitive Landscape

    10.1 Competitive Scenario

    10.1.1 Competitive Overview of the Directional Drilling Market

    10.1.2 Competitive Benchmarking of the Directional Drilling Market

    11 Company Profiles

    11.1 Baker Hughes Incorporated

    11.1.1 Company Overview

    11.1.2 Financial Overview

    11.1.3 Type Offerings

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategy

    11.2 National Oilwell Varco, Inc.

    11.2.1 Company Overview

    11.2.2 Financial Overview

    11.2.3 Type Offerings

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategy

    11.3 Weatherford International PLC.

    11.3.1 Company Overview

    11.3.2 Financial Overview

    11.3.3 Type Offerings

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategy

    11.4 Schlumberger Limited

    11.4.1 Company Overview

    11.4.2 Financial Overview

    11.4.3 Type Offerings

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategy

    11.5 Halliburton Company

    11.5.1 Company Overview

    11.5.2 Financial Overview

    11.5.3 Type Offerings

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategy

    11.6 Nabors Industries Ltd.

    11.6.1 Company Overview

    11.6.2 Financial Overview

    11.6.3 Type Offerings

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.5.6 Key Strategy

    11.7 Cathedral Energy Services Ltd.

    11.7.1 Company Overview

    11.7.2 Financial Overview

    11.7.3 Type Offerings

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategy

    11.8 Jindal Drilling & Industries Limited

    11.8.1 Company Overview

    11.8.2 Financial Overview

    11.8.3 Type Offerings

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategy

    11.9 Gyrodata Incorporated

    11.9.1 Company Overview

    11.9.2 Financial Overview

    11.9.3 Type Offerings

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategy


    List of Tables

    Table 1 Global Directional Drilling Market: By Region, 2020-2027

    Table 2 North America Directional Drilling Market: By Country, 2020-2027

    Table 3 Europe Directional Drilling Market: By Country, 2020-2027

    Table 4 Asia Pacific Directional Drilling Market: By Country, 2020-2027

    Table 5 RoW Directional Drilling Market: By Country, 2020-2027

    Table 6 Global Directional Drilling Market, by Application, By Regions, 2020-2027

    Table 7 North America Directional Drilling Market, by Application, By Country, 2020-2027

    Table 8 Europe Directional Drilling Market, by Well type type, By Country, 2020-2027

    Table 9 Asia Pacific Directional Drilling Market by Application, By Country, 2020-2027

    Table 10 RoW Directional Drilling Market by Application, By Country, 2020-2027

    Table 11 Global Directional Drilling Market by Application Market: By Regions, 2020-2027

    Table 12 North America Directional Drilling Market by Application: By Country, 2020-2027

    Table 13 Europe Directional Drilling Market by Application: By Country, 2020-2027

    Table 14 Asia Pacific Directional Drilling Market by Application: By Country, 2020-2027

    Table 15 RoW Directional Drilling Market by Application: By Country, 2020-2027

    Table 16 Global Directional Drilling Market, by Services, By Regions, 2020-2027

    Table 17 North America Directional Drilling Market, by Services, By Country, 2020-2027

    Table 18 Europe Directional Drilling Market, by Services, By Country, 2020-2027

    Table 19 Asia Pacific Directional Drilling Market, by Services, By Country, 2020-2027

    Table 20 RoW Directional Drilling Market, by Services, By Country, 2020-2027

    Table 21 Global Directional Drilling Market: By Region, 2020-2027

    Table 22 Global Directional Drilling Market: By Region, 2020-2027

    Table 23 Global Directional Drilling Market: By Region, 2020-2027

    Table 24 North America Directional Drilling Market, By Country

    Table 25 North America Directional Drilling Market, by Application

    Table 26 North America Directional Drilling Market, by Application

    Table 27 North America Directional Drilling Market, By Services

    Table 28 North America Directional Drilling Market, By End-User

    Table 29 Europe: Directional Drilling Market, By Country

    Table 30 Europe: Directional Drilling Market, by Application

    Table 31 Europe: Directional Drilling Market, by Application

    Table 32 Europe: Directional Drilling Market, By Services

    Table 33 Europe: Directional Drilling Market, By End-User

    Table 34 Asia-Pacific: Directional Drilling Market, By Country

    Table 35 Asia-Pacific: Directional Drilling Market, by Application

    Table 36 Asia-Pacific: Directional Drilling Market, by Application

    Table 37 Asia-Pacific: Directional Drilling Market, By Services

    Table 38 Asia-Pacific: Directional Drilling Market, By End-User

    Table 39 RoW: Directional Drilling Market, By Region

    Table 40 RoW Directional Drilling Market, by Application

    Table 41 RoW Directional Drilling Market, by Application

    Table 42 RoW Directional Drilling Market, By Services

    Table 43 RoW Directional Drilling Market, By End-User





    List of Figures

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 MARKET DYNAMICS

    FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

    FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

    FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

    FIGURE 7 VALUE CHAIN ANALYSIS

    FIGURE 8 GLOBAL DIRECTIONAL DRILLING MARKETSHARE, BY APPLICATION, 2020 (%)

    FIGURE 9 GLOBAL DIRECTIONAL DRILLING MARKET, BY APPLICATION, 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL DIRECTIONAL DRILLING MARKETSHARE, BY SERVICES, 2020 (%)

    FIGURE 11 GLOBAL DIRECTIONAL DRILLING MARKET, BY SERVICES, 2020-2027 (USD MILLION)

    FIGURE 12 GLOBAL DIRECTIONAL DRILLING MARKET SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL DIRECTIONAL DRILLING MARKET, BY REGION, 2020-2027 (USD MILLION)

    FIGURE 14 NORTH AMERICA DIRECTIONAL DRILLING MARKETSHARE (%), 2020

    FIGURE 15 NORTH AMERICA DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 16 EUROPE DIRECTIONAL DRILLING MARKETSHARE (%), 2020

    FIGURE 17 EUROPE DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 18 ASIA PACIFIC DIRECTIONAL DRILLING MARKETSHARE (%), 2020

    FIGURE 19 ASIA PACIFIC DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)

    FIGURE 20 REST OF THE WORLD DIRECTIONAL DRILLING MARKETSHARE (%), 2020

    FIGURE 21 REST OF THE WORLD DIRECTIONAL DRILLING MARKETBY COUNTRY, 2020-2027 (USD MILLION)