Horizontal Directional Drilling Market To Reach $18.70 Billion By 2030

August 2023 | Report Format: Electronic (PDF)

Horizontal Directional Drilling Market Growth & Trends

The global horizontal directional drilling market size was estimated at USD 18.70 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2030. The rising emphasis on minimizing the environmental impact of drilling and boring activities, rapid urbanization, and the inconvenience caused to the public due to the increased open-cut utility installations are some of the key factors driving the horizontal directional drilling (HDD) market growth.

Rising environmental concerns have contemplated regulatory bodies worldwide to create regulations that require organizations to minimize ecosystem exploitation. For instance, the U.S. Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) require that unconventional oil and gas exploration companies abide by the specified safety standards to minimize environmental damages, avoid occupational hazards, and ensure the management of wastewater and other wastes. Furthermore, increasing government investments in underground installations in utility and telecommunication sectors have increased the deployment of horizontal directional boring services. Subsequently, the complex data requirements, combined with the need for collaborative work operations at offshore and onshore sites, necessitate the high reliance of operators on robust telecommunications services. The rising need to offer better broadband connectivity and the demand for cloud-based services is compelling telecom operators to up their investments in modernized infrastructure, thereby contributing to the market growth.

The COVID-19 pandemic severely impacted the horizontal directional drilling machines industry due to workforce shortages and practical difficulties in implementing social distancing at equipment production sites. The consumption of diesel and petroleum products also reduced significantly in 2020 due to stringent movement restrictions, reducing the demand for upstream oil & gas activities. However, government bailouts are expected to help revive the oil and gas industry, which is one of the leading contributors to the global economy. This is expected to create a sluggish recovery trajectory of the pandemic-fed depression on the market over the years to come.

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Horizontal Directional Drilling Market Report Highlights

  • In terms of application, the off-shore dominated the segment in 2022 with a market share of more than 44%. Owing to the massive oil and gas resources, exploration and production activities are expected to create opportunities for the off-shore application over the forecast period

  • In terms of end use, the oil and gas extraction segment dominated in 2022 with a revenue share of above 35% of the overall horizontal directional drilling services market. The prevalence of clean energy in an attempt to reduce the Green House Gas (GHG) emissions from fossil fuel consumption is likely to help in retaining the dominance of this segment over the forecast timeframe

  • North America dominated the global market in 2022 owing to increasing number of infrastructure and utility projects

Horizontal Directional Drilling Market Segmentation

Grand View Research has segmented the global horizontal directional drilling market based on application, end-use, and region:

Horizontal Directional Drilling Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Conventional

  • Rotary Steerable Systems (RSS)

Horizontal Directional Drilling Machine Type Outlook (Revenue, USD Million; 2018 - 2030)

  • Utility vibratory plow

  • Utility tractor

  • Pile driver

  • Foundation machines

  • Boring machine

  • Others

Horizontal Directional Drilling Application Outlook (Revenue, USD Million; 2018 - 2030)

  • Onshore

  • Offshore

Horizontal Directional Drilling Machine Size Outlook (Revenue, USD Million; 2018 - 2030)

  • Mini

  • Midi

Horizontal Directional Drilling Parts Type Outlook (Revenue, USD Million; 2018 - 2030)

  • Rigs

  • Pipes

  • Bits

  • Reamers

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

Horizontal Directional Drilling End-use Outlook (Revenue, USD Million; 2018 - 2030)

  • Oil & gas extraction

  • Utility

  • Telecommunication

  • Others

Horizontal Directional Drilling Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • U.K.

    • Russia

    • Italy

    • Spain

    • Norway

  • Asia Pacific

    • China

    • Japan

    • South Korea

    • India

    • Indonesia

    • Japan

    • Indonesia

    • Thailand

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

    • Venezuela

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Qatar

    • Kuwait

    • Angola

    • South Africa

List of Key Players in Horizontal Directional Drilling Market

  • The Charles Machines Works, Inc. (Ditch Witch)

  • Barbco, Inc.

  • The Toro Company

  • Vermeer Corporation

  • Vmt Gmbh Gesellschaft Für Vermessungstechnik

  • Laney Directional Drilling Co.

  • Inrock Drilling Systems, Incorporated

  • Ellingson Companies

  • Laney Directional Drilling Co.

  • Mclaughlin Group, Inc.

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