Global Water Well Drilling Rig Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Water Well Drilling Rig market:
The latest research study on the global Water Well Drilling Rig market finds that the global Water Well Drilling Rig market reached a value of USD 496.57 million in 2022. It’s expected that the market will achieve USD 622.48 million by 2028, exhibiting a CAGR of 3.84% during the forecast period.

A drilling rig is a machine which creates holes in the ground. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and are called augers.

Strength
Cost advantage in regions with lower labor prices.
Industry industry chain is complete.

Weakness
Market competition is fierce and new entrants are constantly entering.
There are certain financial and technical barriers.

Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:
Epiroc is one of the major players operating in the Water Well Drilling Rig market, holding a share of 15.70% in 2019.

Epiroc is a leading productivity partner in the mining, infrastructure and natural resources industries. Epiroc develops and produces innovative rigs, rock excavation and construction equipment with the most advanced technology and provides world-class services and consumables.

The enterprise E+M was created 1919 in Hof, Bavaria, and is for more than 90 years a reliable partner for drillings and building of wells.

Segmentation Overview:
Among different product types, Mechanic segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Water Well Drilling Rig market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Water Well Drilling Rig market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Water Well Drilling Rig and its sub-markets in an intuitive way.

Key Companies in the global Water Well Drilling Rig market covered in Chapter 3:
Kejr
Koken Boring Machine Co., Ltd.
XCMG Group
Deep Rock Manufacturing
Dando Drilling International
Drillmec
Massenza Drilling Rigs
Toa-Tone Boring Co., Ltd.
E+M Drilling Technologies
Sinomach
Epiroc
Foremost
Binzhou Drilling Rig
Simco Drilling Equipment
Lone Star Drills
Nordmeyer SMAG Drilling Technologies
HARDAB
PRD Groups

In Chapter 4 and Chapter 14.2, on the basis of types, the Water Well Drilling Rig market from 2018 to 2029 is primarily split into:
Hydraulic Water Well Drilling Rig
Mechanic Water Well Drilling Rig

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Water Well Drilling Rig market from 2018 to 2029 covers:
Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Water Well Drilling Rig market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions