Global Horizontal Directional Drilling (HDD) Equipment Market Size By Technique, By Parts, By Geographic Scope And Forecast

Report Highlights

Horizontal Directional Drilling (HDD) Equipment Market Size And Forecast

Horizontal Directional Drilling (HDD) Equipment Market was valued at USD 8.06 Billion in 2019 and is projected to reach USD 21.17 Billion by 2027, growing at a CAGR of 12.8% from 2020 to 2027.

The Horizontal Directional Drilling (HDD) Equipment Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Horizontal Directional Drilling (HDD) Equipment Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global Horizontal Directional Drilling (HDD) Equipment Market Overview

The global horizontal directional drilling market finds its applications in various end-user industries like telecommunications and oil & gas. These industries are booming and as a result, the global horizontal directional drilling equipment market will also flourish during the forecast period. Some risks are associated with conventional drilling methods, such as contamination of groundwater. With the horizontal drilling equipment market, these risks can be avoided by adopting advanced trenchless maneuvering technologies. The maneuvering sensors use GPS technology and allow them to overcome any obstructions encountered during drilling beforehand. Horizontal directional drilling is always preferred over conventional boring and micro tunneling methods for digging down bores that are less than six inches below the ground.

This report provides an all-inclusive environment of the analysis for the Horizontal Directional Drilling (HDD) Equipment Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Horizontal Directional Drilling (HDD) Equipment Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Horizontal Directional Drilling (HDD) Equipment Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Horizontal Directional Drilling (HDD) Equipment Market.