Horizontal Directional Drilling Market Size, Share & Trends Analysis Report By Application (Onshore and Offshore); By Technology, By End-use, By Machine Type, By Machine Parts, By Rig Type, By Tooling, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the horizontal directional drilling market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for horizontal directional drilling market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of horizontal directional drilling market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Horizontal Directional Drilling Market Categorization:

The horizontal directional drilling market was categorized into eight segments, namely technology (Conventional, Rotary Steerable Systems), machine type (Utility vibratory plow, Utility tractor, Pile driver, Foundation machines, Boring machine), application (Onshore, Offshore), machine size (Mini, Midi), parts type (Rigs, Pipes, Bits, Reamers), tooling (Transition rods, HDD Drill Rods, HDD Paddle Bits, HDD Drive Collars, Chucks, and Subs, HDD Swivels & Pulling Equipment), End-use (Oil & gas extraction, Utility, Telecommunication), and region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The horizontal directional drilling market was segmented into technology, machine type, application, machine size, parts type, tooling, End-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The horizontal directional drilling market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-seven countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Russia; Italy; Spain; Norway ; China; India; Japan; South Korea; Indonesia; Thailand; Australia ; Malaysia ; Brazil; Argentina; Venezuela ; Saudi Arabia ; UAE ; Qatar ; South Africa ; Angola ; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Horizontal directional drilling market companies & financials:

The horizontal directional drilling market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• AMERICAN AUGERS, INC. - American Augers, Inc., established in 1970, is based in West-Salem, Ohio. The company specializes in producing a wide range of equipment necessary for underground construction, including mid-size directional drills, auger boring machines, cleansing systems, mud pumps, and various other accessories for drilling activities below the surface. American Augers, Inc. manufactures equipment suitable for applications in the oil & gas, power & telecom, and water & drainage sectors. In November 2012, Ditch Witch acquired the trencher product line from the company for approximately USD 55 Million.

• BARBCO, INC. - Barbco, Inc., established in 1989, is a renowned manufacturer based in Ohio, USA, specializing in the production of horizontal directional drills, tunneling machines, earth boring machines, and various related tools for underground applications. Initially, the company focused on manufacturing auger and boring machines. However, in 1992, Barbco, Inc. expanded its product line to include directional drills and boring machine tunnel attachments (BMTA's). The company's primary dealers include U.S. Shoring & Equipment Co. in Texas and TRS Trenchless Rental Solutions in Ohio. Barbco, Inc. has dealers in Europe, Russia, the Middle East, and Mexico. Notably, in November 2019, the company's innovative FlexBor tooling and technology received recognition with U.S. Patent #10465460.

• CHTC JOVE HEAVY INDUSTRY CO., LTD. -  CHTC JOVE Heavy Industry Co. is based in Hunan, China, and functions as a subsidiary of China Hi-Tech Group Corporation. Established in 2007, the company specializes in producing robust machinery, including horizontal directional drillers, full hydraulic multifunction pile frames, MK-24s crawler-type drilling machines, crawler hydraulic excavators, multifunctional drilling rigs, and rotary drilling rigs. These high-quality products cater to the needs of the utility construction and textile industries.

• CREIGHTON ROCK DRILL LTD. -  Creighton Rock Drill Ltd. was founded in 1966 and is based in Mississauga, Ontario. The company specializes in distributing and providing top-notch products for various industries, such as ground-engaging markets, drilling solutions, hardware, fluids, construction, mining, and road maintenance. In addition to offering new equipment, Creighton Rock Drill Ltd. also provides services through used equipment and rental options. The company has established partnerships with renowned equipment suppliers, including Atlas Copco, Kennametal, Crack Rock Demolition, and several others, ensuring the availability of high-performance products.

• DIRECT HORIZONTAL DRILLING, INC. - Direct Horizontal Drilling, Inc., a Canadian-based company, specializes in providing contractual services for drilling oil and gas field processes to excavation companies in the industry. Established in 2000, the company operates as an equipment contractor, offering a range of maxi and light rigs. Each HDD unit in their fleet is equipped with mud management systems and high-volume pumps, which not only streamline project schedules but also significantly reduce disposal costs. Direct Horizontal Drilling's fleet includes rigs from reputable brands such as American Augers, Ditch Witch, and Vermeer. The company ensures a strong presence across key areas with offices in Edmonton, Calgary, Dawson Creek, Fort Mc Murray, and Victoria regions of Canada.

• DITCH WITCH - Ditch Witch, formerly The Charles Machine Works, Inc., was founded in Oklahoma, U.S., in 1902. The company specializes in the design and production of a diverse range of underground construction equipment, including trenchers, pneumatic piercing tools, electronic guidance and location tools, downhole tools, HDD equipment, drill pipe, vacuum excavation systems, and mini skid steers. In addition, Ditch Witch also manufactures electronic tools like beacons and fault locators for ground directional assistance and trailers. The company distributes its products worldwide through a network of distributors and direct selling. Ditch Witch operates through its sales office throughout the U.S. and company stores, authorized dealers, and independent dealers in other regions. The South Central region of the U.S. serves as the primary revenue-generating area for Ditch Witch. Furthermore, the company also sells its equipment in Australia under the ELB Group, which offers comprehensive equipment and services for various sectors, including power, mining, minerals, construction, ports, and industrial sectors in the field of materials handling and modular process plants.

• ELLINGSON COMPANIES - Established in 1970 and based in Minnesota, USA, Ellingson Companies is a construction company operating for three generations. Since 1999, the company has been specializing in providing HDD solutions. With the ability to handle projects spanning approximately 8,000 feet in length and a diameter of around 54 inches, Ellingson Companies offers a wide range of services, including both small and large-scale projects, both offshore and onshore. The company caters to various industries such as agriculture, oil & gas, telecommunications, and more. Notable clients of Ellingson Companies include Alridge Electric Inc., Leso-Burnett Co., and Boots Smith Oilfield Services LLP.

• FERGUSON MICHIANA INC. - Established in 1971 and headquartered in Michigan, U.S., Ferguson Michiana Inc. is a comprehensive utility construction contracting company. Specializing in various services such as aerial cable directional drilling, duct rodding, pole line work, direct burial cable-fiber, copper, cable placement-fiber and copper, and manhole (vault) and duct construction tasks. Ferguson Michiana Inc. utilizes a fleet of drills from Vermeer Corporation and deploys equipment from Ditch Witch, CNH Industrial America LLC., and Greenlee Textron Inc. This esteemed company primarily serves water, sewer, and telecommunication companies, with AT&T, La Porte Construction, Parish Communications, B&Z Company, and Gabes Construction being prominent clients.

• HERRENKNECHT AG - Established in 1977, Herrenknecht AG is based in Schwanau, Germany. The company specializes in providing diverse products for tunneling and mining operations. Additionally, Herrenknecht AG offers rental services for installations and excavation activities in various sectors, such as railways, water, sewage, electricity, hydropower, and oil & gas pipelines. Over the years, the company has collaborated with airport authorities and other public sector organizations in the oil & gas, electrical, and water & sewerage departments. Herrenknecht AG distributes its products and services through an extensive network of dealers worldwide to cater to a global clientele.

• JIANGSU DEHANG CONSTRUCTION MACHINERY EQUIPMENT CO., LTD. - Jiangsu DeHang Construction Machinery Equipment Co. Ltd, based in Jiangsu Province, China, specializes in offering horizontal directional drills and tailor-made drilling machines. With a strong presence in the industry, the company holds more than 20 product patents and serves a customer base of 3000. In addition to its headquarters in China, Jiangsu DeHang Construction Machinery Equipment Co., Ltd. also operates offices in Malaysia and India. The company's drilling rigs are specifically designed to facilitate the construction of pipelines for diverse applications such as gas and oil pipelines, fiber-optic networks, water supply systems, and power lines.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Horizontal Directional Drilling Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Horizontal Directional Drilling Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.