Oilfield Equipment Rental Market

Oilfield Equipment Rental Market by Equipment (Drilling, Pressure & Flow Control) by Application (Onshore, Offshore) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Oilfield Equipment Rental in terms of revenue?

    The global Oilfield Equipment Rental valued at 20.50 Billion in 2020 and is expected to reach 27.82 Billion in 2028 growing at a CAGR of 3.89%

  • Which are the prominent players in the market?

    The prominent players in the market are Halliburton Company, Knight Oil Tools, Oil States International Inc., Schlumberger Limited, RPC, Parker Drilling Company, Weatherford International PLC, Basic Energy Services, AOS ORWELL, IOT GROUP, KIT Oil & Gas, Superior, Energy Services Inc., Certified Oilfield Rentals LLC, Bois B.V., Key Energy Services, Ensign Energy Services, FMC Technologies, Precision Drilling..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 3.89% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Oilfield Equipment Rental include

    • Several oil & gas players have started shifting their exploration focus to unconventional with deep hydrocarbon reservoirs such as coal bed methane (CBM),shale gas, tight gas, and heavy oil. Petroleum market currently, have advanced IT machinery and different software for operations of different unconventional as well as deep reservoir conditions. Thus, the increasing shift towards unconventional exploration is expected to augment the growth of the market over the forecast period.
    • The increasing technologies for improving productivity is expected to support the growth of the market in the near future.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Oilfield Equipment Rental in 2020.

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