Middle East & Africa Horizontal Directional Drilling Market Size & Outlook
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MEA horizontal directional drilling market highlights
- The MEA horizontal directional drilling market generated a revenue of USD 1,874.3 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, offshore was the largest revenue generating application in 2023.
- Onshore is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,874.3 million |
| Market revenue in 2030 | USD 4,471.5 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Offshore |
| Fastest growing segment | Onshore |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Onshore, Offshore |
| Key market players worldwide | The Toro Co, Barbco, Incorporated, Vermeer, VMT, Laney Directional Drilling Co., Sandvik AB |
Other key industry trends
- In terms of revenue, MEA region accounted for 23.6% of the global horizontal directional drilling market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,743.8 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 |
Middle East & Africa 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.
Offshore was the largest segment with a revenue share of 62.92% in 2023. Horizon Databook has segmented the Middle East & Africa horizontal directional drilling market based on onshore, offshore covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa horizontal directional drilling market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa horizontal directional drilling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA horizontal directional drilling market size, by country, 2018-2030 (US$M)
Middle East & Africa Horizontal Directional Drilling Market Outlook Share, 2023 & 2030 (US$M)
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