Saudi Arabia Oil Field Equipment Rental Market Research Report 2021-2027

Saudi Arabia Oil Field Equipment Rental Market By Type (Drilling
Equipment {Drill Pipe, Drill Collars, Drill Bit, Others}, Pressure & Flow
Control Equipment, Fishing Equipment, Others), By Location (Onshore,
Offshore), By Region, Competition, Forecast & Opportunities, 2027
Market Reports on Saudi Arabia Provides the Trending Market Research Report on
“Saudi Arabia Oil Field Equipment Rental Market By Type (Drilling Equipment {Drill
Pipe, Drill Collars, Drill Bit, Others}, Pressure & Flow Control Equipment, Fishing
Equipment, Others), By Location (Onshore, Offshore), By Region, Competition,
Forecast & Opportunities, 2027” under Energy Market Research Reports category.
The Oil Field Equipment Rental Market Database in Saudi Arabia is projected to
exhibit highest growth rate over report offers a collection of superior market
research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Oil Field Equipment Rental Market is projected to witness growth at a
significant CAGR during the forecast period, 2023-2027. The market growth can be
attributed to the increasing oilfield explorations in the country. Saudi Arabia
constitutes 17% of the global petroleum reserves, which accounts for 50% of the
country's GDP and 70% of export business. Hence, developments in the
ever-expanding industry are creating a high demand for oil field equipment, which is
expected to drive market growth in the coming years.

Saudi Arabia's oil industry is quickly increasing and accounts for more than half of
the country's income. Growing demand for oil and petroleum products, as well as
globalization, will be important factors driving the expansion of the Saudi Arabia oil
field equipment rental industry during the next five years. With the increase in
demand, more excavation and oil extraction from reserves are increasing, which aids
the demand for tools, equipment, and machinery, consequently boosting the
expansion of the Saudi Arabia oil field equipment rental market over the next five
years.
The current consumption trend ensures that the country's active reserves will
survive for more than 200 years. Growing excavation necessitates technologically
advanced equipment and tools, which will be essential in expanding the Saudi Arabia
oil field equipment rental market during the next five years.
Market participants are focused on research and technology advances in oil field
equipment, which will assist the expansion of the Saudi Arabia oil field equipment
rental market during the next five years. In recent years, active market participants
have strategically moved their attention to unconventional and deeper hydrocarbon
sources. Oil extraction has recently turned toward shale gas and coal. Horizontal
drilling and hydraulic fracturing are advanced technologies aiding the opening of
shale oil and gas formations. The horizontal component of the oil rig count has
increased significantly, which is expected to boost the growth of the Saudi Arabia oil
field equipment rental industry during the next five years.
The Saudi Arabia oil field equipment rental market is segmented on the basis of type,
location, competitional landscape, and regional distribution. Based on location, the
market is divided between onshore and offshore. The onshore locations segment is
anticipated to dominate the market during the forecast period due to increasing
demands for drilling equipment in the onshore locations.
Major players operating in the Saudi Arabia oil field equipment rental market are
Halliburton Company, Schlumberger N.V. (Schlumberger Limited), Chesapeake
Energy Corporation, Weatherford International public limited company, Precision
Drilling Corporation, Parker Drilling Company, Superior Energy Services Inc., Oil State
International Inc., Basic Energy Services Inc., FMC Technologies, Inc., among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027

Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia oil field
equipment rental market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia oil field equipment rental
market from 2022 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia oil field equipment rental market based on
type, location, region, and company.
•To identify the dominant region or segment in the Saudi Arabia oil field equipment
rental market.
•To identify drivers and challenges for the Saudi Arabia oil field equipment rental
market.
•To examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in the Saudi Arabia oil field equipment rental market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia
oil field equipment rental market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia oil
field equipment rental market.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are
important for the industry stakeholders such as product manufacturers, suppliers
and partners, end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia oil field equipment rental market has been segmented
into following categories, in addition to the industry trends which have also been
detailed below:
•Saudi Arabia Oil Field Equipment Rental Market, By Type:
Drilling Equipment
Drill Pipe
Drill Collars
Drill Bit
Others
Pressure & Flow Control Equipment
Fishing Equipment
Others
•Saudi Arabia Oil Field Equipment Rental Market, By Location:
Onshore
Offshore

•Saudi Arabia Oil Field Equipment Rental Market, By Region:
Northern & Central Region
Eastern Region
Southern Region
Western Region
Competitive Landscape
Browse our full report with Table of Contents:
https://marketreportsonsaudiarabia.com/report/763624/saudi-arabia-oil-field-equip
ment-rental-market-by-type-drilling-equipment-drill-pipe-drill-collars-drill-bit-others
-pressure-flow-control-equipment-fishing-equipment-others-by-location-onshore-off
shore-by-region-competition-forecast-opportunities
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