Global Horizontal Directional Drilling Market Size & Outlook
Global horizontal directional drilling market, 2018-2030 (US$M)
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Global horizontal directional drilling market highlights
- The global horizontal directional drilling market generated a revenue of USD 8,177.3 million in 2024 and is expected to reach USD 16,078.5 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 11.6% by 2030.
- In terms of segment, onshore accounted for a revenue of USD 6,960.9 million in 2024.
- Offshore is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Thailand is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 8,177.3 million |
| Market revenue in 2030 | USD 16,078.5 million |
| Growth rate | 11.6% (CAGR from 2025 to 2030) |
| Largest segment | Onshore |
| Fastest growing segment | Offshore |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore, Offshore |
Other key industry trends
- In terms of revenue, the North America accounted for 33.7% of the global horizontal directional drilling market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Thailand is the fastest growing regional market and is projected to reach USD 393.9 million by 2030.
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Horizontal Directional Drilling Market Scope
Horizontal Directional Drilling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| McLaughlin | View profile | 101-250 | Piedmont, South Carolina, United States, North America | https://mclaughlinunderground.com |
| Ellingson | View profile | 1-10 | Fullerton, California, United States, North America | http://ellingson-inc.com/ |
| Inrock | View profile | 251-500 | Houston, Texas, United States, North America | http://www.inrock.com/l |
| Laney Directional Drilling Co. | View profile | 51-100 | Spring, Texas, United States, North America | https://www.laneydrilling.com/ |
| VMT | View profile | 251-500 | Bruchsal, Baden-Wurttemberg, Germany, Europe | https://www.vmt-gmbh.de |
| Vermeer | View profile | 5001-10000 | Pella, Iowa, United States, North America | http://www2.vermeer.com |
| Barbco, Incorporated | View profile | 51-100 | Canton, Ohio, United States, North America | https://www.barbco.com |
| The Toro Co | View profile | 10706 | 8111 Lyndale Avenue South, Bloomington, MN, United States, 55420-1196 | https://www.thetorocompany.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
Global horizontal directional drilling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to horizontal directional drilling market will help companies and investors design strategic landscapes.
Onshore was the largest segment with a revenue share of 85.12% in 2024. Horizon Databook has segmented the Global horizontal directional drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Horizontal Directional Drilling Application Outlook (Revenue, USD Million, 2018-2030)
- Offshore
- Onshore
- Global Horizontal Directional Drilling Machine Type Outlook (Revenue, USD Million, 2018-2030)
- Utility vibratory plow
- Utility tractor
- Pile driver
- Foundation machines
- Boring machines
- Others Machine Type
- Global Horizontal Directional Drilling Technology Outlook (Revenue, USD Million, 2018-2030)
- Conventional
- Rotary Steerable System
- Global Horizontal Directional Drilling Machine Size Outlook (Revenue, USD Million, 2018-2030)
- Mini
- Midi
- Maxi
- Global Horizontal Directional Drilling Parts Type Outlook (Revenue, USD Million, 2018-2030)
- Rigs
- Pipes
- Bits
- Reamers
- Global Horizontal Directional Drilling Tooling Outlook (Revenue, USD Million, 2018-2030)
- Transition Rods
- HDD Drill Rods
- HDD Paddle Bits
- HDD Drive Collars, Chucks, and Subs
- HDD Swivels & Pulling Equipment
- Others Tooling
- Global Horizontal Directional Drilling End Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & Gas Extraction
- Utility
- Telecommunication
- Others End Use
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Target buyers of Global horizontal directional drilling market databook
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Our clientele includes a mix of horizontal directional drilling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global horizontal directional drilling market , including forecasts for subscribers. This global databook contains high-level insights into Global horizontal directional drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global horizontal directional drilling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Horizontal directional drilling market size, 2024 (US$M)
Global horizontal directional drilling market share, by end-use, 2023 & 2030 (%, US$M)
Horizontal directional drilling market: Opportunity assessment by country
Global horizontal directional drilling market, by region, 2024 (US$M)
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