North America Horizontal Directional Drilling Market Forecast to 2030 - Regional Analysis - by End Use (Telecommunications, Oil & Gas, Sewer & Water, Environmental Wells, and Utility), Rig Size [Small (Less than 40,000 lbs.), Medium (40,000-100,000 lbs), and Large (More than 100,000 lbs.)], and Application (Onshore and Offshore)
The North America horizontal directional drilling market was valued at US$ 902.96 million in 2022 and is expected to reach US$ 2,152.14 million by 2030; it is estimated to register a CAGR of 11.5% from 2022 to 2030.
Increasing Application of Horizontal Directional Drilling Equipment in Sewer & Water and Oil & Gas Sectors Fuels North America Horizontal Directional Drilling Market
The volume of sewage is rising with population growth. The majority of wastewater is generated by households and industries. Every year, ~380 billion m3 (cubic meters) of municipal wastewater is produced globally. As a result, the demand for proper infrastructure development in the sewer & water sector is increasing due to the growing population and rising urbanization. Governments of several countries are focusing on installing proper wastewater and sewage treatment facilities to protect the environment from pollution. In 2022, more than 16,000 public wastewater treatment facilities were in the US. Over 80% of the US population consumes drinking water from these facilities after proper treatment, and approximately 75% of the US population has sanitary sewerage treated in these treatment facilities. The growing emphasis on proper sewer and water infrastructure is boosting drilling activities, which is increasing the application of horizontal directional drilling equipment worldwide. Moreover, there is a surge in energy demand due to the growing global population. As per The US Energy Information Administration (EIA), US energy consumption is anticipated to grow through 2050 owing to economic and population growth. Natural gas has the potential application in electricity generation, which boosts its demand in various industries. In addition, in 2023, Petroleos Mexicanos and an association led by Talos Energy confirmed a field development plan for the Zama offshore oil field. Thus, an increase in offshore oil & gas exploration activities bolsters the expansion of gas pipeline infrastructure, which is propelling the application of horizontal directional drilling equipment. Thus, the rising infrastructure development in the sewer & water and oil & gas sectors drives the North America horizontal directional drilling market.
North America Horizontal Directional Drilling Market Overview
North America is one of the prime markets in terms of investments in the oil & gas industry. The US is a key natural gas and crude oil producer globally. In 2022, the country showcased the highest natural gas production capacity, followed by Canada and Mexico. Ixachi, Coulomb Phase 2, Quesqui, Nejo (IEPC), Leo, May, Koban, and Powerball are a few of the natural gas-producing fields in North America. The Ixachi plant is in Veracruz, Mexico, and it produced 618.09mmcfd (million cubic feet per day) in 2022. The Coulomb Phase 2 field, owned by Shell, is located in the Central Planning Area, US. There were 436 oil & gas rigs in the US in 2020, which increased to 580 in 2021 and 721 in 2022. Canada accounted for 91 oil & gas rigs in 2020, which increased to 149 in 2021 and 176 in 2022. Mexico had 41 oil & gas rigs in 2020, which increased to 45 in 2021 and 47 in 2022. Increasing gas exploration and oil production activities in the region and mounting number of oil & gas rigs across different countries of North America drive the North America horizontal directional drilling market growth. The rising demand for broadband services in North America is anticipated to boost investments in the cable network. The next-generation broadband technologies such as high-speed internet packages (FTTx) and 5G are increasing the deployment of cables, which is propelling the need for horizontal directional drilling activities in the region. In 2023, AT&T will expand 5G and fiber to connect urban, rural, and tribal communities nationwide. In Lawrence County, Indiana, AT&T is building AT&T Fiber for more than 1,200 customer locations in a project worth more than US$4.3 million. In 2023, American Pacific Mining Corp declared that one drill rig remained to test the Christmas or Red Creek Target area during the demobilization of the 2023 mountain drilling program. The CRC Target is one of 12 known VMS assignments at the Palmer Project apart from the mineral resources of the Palmer and AG deposits. The growing focus on the mineral exploration sector is anticipated to propel the growth of the North America horizontal directional drilling market.
North America Horizontal Directional Drilling Market Revenue and Forecast to 2030 (US$ Million)
North America Horizontal Directional Drilling Market Segmentation
The North America horizontal directional drilling market is categorized into end use, rig size, application, and country.
Based on end use, the North America horizontal directional drilling market is segmented telecommunications, oil & gas, sewer & water, environmental wells, and utility. The oil & gas segment held the largest market share in 2022.
By rig size, the North America horizontal directional drilling market is segmented into small (below 40,000 Lbs), medium (40,000 - 100,000 Lbs), and large (above 100,000 Lbs). The large (above 100,000 Lbs) segment held the largest market share in 2022.
Based on application, the North America horizontal directional drilling market is bifurcated into onshore and offshore. The onshore segment held a larger market share in 2022.
By country, the North America horizontal directional drilling market is segmented into the US, Canada, and Mexico. The US dominated the North America horizontal directional drilling market share in 2022.
American Augers Inc, Drillto Trenchless Co Ltd, Epiroc AB, Herrenknecht AG, Laney Directional Drilling Co, Nabors Industries Ltd, Prime Drilling GmbH, The Charles Machine Works Inc, Tracto-Technik GmbH & Co KG, and Vermeer Corp are some of the leading companies operating in the North America horizontal directional drilling market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Horizontal Directional Drilling Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. North America Horizontal Directional Drilling Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application of Horizontal Directional Drilling Equipment in Sewer & Water and Oil & Gas Sectors
5.1.2 Rising Infrastructure Development in Telecommunications and Mineral Exploration Sectors
5.2 Market Restraints
5.2.1 Declining Oil & Gas Exploration Activities
5.3 Market Opportunities
5.3.1 Discovery of New Mineral Exploration Locations
5.4 Future Trends
5.4.1 Development of Smart Cities
5.5 Impact of Drivers and Restraints:
6. Horizontal Directional Drilling Market - North America Market Analysis
6.1 North America Horizontal Directional Drilling Market Revenue (US$ Million), 2022-2030
6.2 North America Horizontal Directional Drilling Market Forecast Analysis
7. North America Horizontal Directional Drilling Market Analysis - by End Use
7.1 Telecommunication
7.1.1 Overview
7.1.2 Telecommunication: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Oil & Gas
7.2.1 Overview
7.2.2 Oil & Gas: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Sewer & Water
7.3.1 Overview
7.3.2 Sewer & Water: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Environmental Wells
7.4.1 Overview
7.4.2 Environmental Wells: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Utility
7.5.1 Overview
7.5.2 Utility: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Horizontal Directional Drilling Market Analysis - by Rig Size
8.1 Small (Below 40,000 LBS)
8.1.1 Overview
8.1.2 Small (Below 40,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Medium (40,000-100,000 LBS)
8.2.1 Overview
8.2.2 Medium (40,000-100,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Large (Above 100,000 LBS)
8.3.1 Overview
8.3.2 Large (Above 100,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Horizontal Directional Drilling Market Analysis - by Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
10. North America Horizontal Directional Drilling Market - Country Analysis
10.1 Overview
10.1.1 North America Horizontal Directional Drilling Market - Revenue and Forecast Analysis - by Country
10.1.1.1 North America Horizontal Directional Drilling Market - Revenue and Forecast Analysis - by Country
10.1.1.2 US: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 US: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.2.2 US: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.2.3 US: North America Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.3 Canada: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Canada: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.3.2 Canada: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.3.3 Canada: North America Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.4 Mexico: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Mexico: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.4.2 Mexico: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.4.3 Mexico: North America Horizontal Directional Drilling Market Breakdown, by Application
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Market Initiative
13. Company Profiles
13.1 American Augers Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Drillto Trenchless Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Tracto-Technik GmbH & Co KG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Herrenknecht AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nabors Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Laney Directional Drilling Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Prime Drilling GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Epiroc AB
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Charles Machine Works Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vermeer Corp
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. North America Horizontal Directional Drilling Market Segmentation
Table 2. North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Table 3. North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million) - by Rig Size
Table 4. North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 5. North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Country
Table 6. US: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by End Use
Table 7. US: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Rig Size
Table 8. US: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 9. Canada: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by End Use
Table 10. Canada: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Rig Size
Table 11. Canada: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Application
Table 12. Mexico: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by End Use
Table 13. Mexico: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Rig Size
Table 14. Mexico: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million) - by Application
List of Figures
Figure 1. North America Horizontal Directional Drilling Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. North America Horizontal Directional Drilling Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Horizontal Directional Drilling Market Revenue (US$ Million), 2022-2030
Figure 6. North America Horizontal Directional Drilling Market Share (%) - by End Use (2022 and 2030)
Figure 7. Telecommunication: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Oil & Gas: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sewer & Water: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Environmental Wells: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Utility: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. North America Horizontal Directional Drilling Market Share (%) - by Rig Size (2022 and 2030)
Figure 13. Small (Below 40,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Medium (40,000-100,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large (Above 100,000 LBS): North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Horizontal Directional Drilling Market Share (%) - by Application (2022 and 2030)
Figure 17. Onshore: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Offshore: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Horizontal Directional Drilling Market by Key Countries - Revenue (2022) (US$ Million)
Figure 20. North America Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. US: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million)
Figure 22. Canada: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million)
Figure 23. Mexico: North America Horizontal Directional Drilling Market - Revenue and Forecast to 2030(US$ Million)
Figure 24. Company Positioning & Concentration
1. American Augers Inc
2. Drillto Trenchless Co Ltd
3. Epiroc AB
4. Herrenknecht AG
5. Laney Directional Drilling Co
6. Nabors Industries Ltd
7. Prime Drilling GmbH
8. The Charles Machine Works Inc
9. Tracto-Technik GmbH & Co KG
10. Vermeer Corp
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America horizontal directional drilling market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America horizontal directional drilling market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America horizontal directional drilling market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.