Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022

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Date: 23-May-2017
No. of pages: 182
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“The oilfield equipment rental market is projected to grow at a CAGR of 3.87%,by value, from 2017 to 2022.”

The oilfield equipment rental market is projected to reach USD 20.55 billion,by 2022, growing at a CAGR of 3.87%, from 2017 to 2022. Oilfield equipment are widely used during exploratory and production phase of an oil & gas well. Technological advancement in oilfield equipment and increase in global investments in exploration and production are expected to drive the oilfield equipment rental market in North America and the Middle East. Customized demands by drillers, as well as uncertain regulatory framework, can hinder the growth of the oilfield equipment rental market.

“The drilling equipment segment is expected to grow at the highest CAGR from 2017 to 2022.”

Based one quipment, the drilling equipment segment is estimated to be the fastest growing market from 2017 to 2022. Due to wide usage and increased drilling activity across regions, the demand for drilling equipment is expected to grow over the next two years. Factors like these would drive the growth of the drilling equipment segment of the oilfield equipment rental market.

“North America: The largest market for oilfield equipment rental.”

North America is currently the largest market for oilfield equipment rental, followed by the Middle East and Asia-Pacific. Extensive shale mining and increasing refracturing activities in the U.S. are driving the oilfield equipment rental market. The U.S. is estimated to be the fastest growing market in the region, followed by the market in Canada, during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 30%, Tier 2- 35%, Tier 3- 35%

  • By Designation: C-Level- 10%, D-Level- 30%, Others- 60%

  • By Region: North America- 12%, Asia-Pacific-55%, Europe-10%, South America-3%,Middle East- 11%, Africa- 9%


Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 = >USD 10 billion, Tier 2 = USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion

The leading players in the oilfield equipment rental market include Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), Oil States International, Inc. (U.S.), and Parker Drilling Company (U.S.).

Research Coverage:

The report provides a picture oft he oilfield equipment rental market across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as equipment type, application, and region. Furthermore, the report also includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

Why buy this report?


  • The report identifies and addresses the key markets for oilfield equipment rental, which would help suppliers review the growth in demand

  • The report helps solution providers understand the pulse of the market and provides insights into drivers, restraints, and challenges.

  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Oilfield Equipment Rental Market, 2017-2022
4.2 North America Accounted for the Largest Market Share in 2016
4.3 Oilfield Equipment Rental Market, By Application, 2017 & 2022
4.4 Oilfield Equipment Rental Market, By Equipment, 2017 & 2022

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Technological Advancements in Oilfield Equipment
5.3.1.2 Increase in Global Investments in Exploration & Production (E&P)
5.3.1.3 Increased Drilling Activity
5.3.1.4 Growing Unconventional Hydrocarbon Production in North America
5.3.2 Restraints
5.3.2.1 Customized Demands By Drillers
5.3.2.2 Uncertain Regulatory Framework
5.3.2.3 Equipment Utilization and Cold Stacked Inventory
5.3.3 Opportunities
5.3.3.1 Refracturing Activities in the U.S.
5.3.3.2 Emerging Offshore Opportunities
5.3.4 Challenges
5.3.4.1 Success Rate of Exploration

6 Oilfield Equipment Rental Market, By Application
6.1 Introduction
6.2 Onshore
6.3 Offshore

7 Oilfield Equipment Rental Market, By Equipment
7.1 Introduction
7.2 Drilling Equipment
7.2.1 Drill Pipe
7.2.2 Drill Collar
7.2.3 Hevi-Wate
7.2.4 Subs
7.2.5 Other Drilling Equipment
7.3 Pressure & Flow Control Equipment
7.3.1 Blow Out Preventer (BOP)
7.3.2 Valves & Manifolds
7.3.3 Other Pressure & Flow Control Equipment
7.4 Fishing Equipment
7.5 Other Oilfield Equipment Rental Market

8 Oilfield Equipment Rental Market, By Region
8.1 Introduction
8.2 Asia-Pacific
8.2.1 By Equipment
8.2.2 By Application
8.2.2.1 By Country
8.2.2.1.1 China
8.2.2.1.2 India
8.2.2.1.3 Indonesia
8.2.2.1.4 Australia
8.2.2.1.5 Rest of Asia-Pacific
8.3 Europe
8.3.1 By Equipment
8.3.2 By Application
8.3.2.1 By Country
8.3.2.1.1 Russia
8.3.2.1.2 Norway
8.3.2.1.3 Kazakhstan
8.3.2.1.4 U.K.
8.3.2.1.5 Rest of Europe
8.4 North America
8.4.1 By Equipment
8.4.2 By Application
8.4.2.1 By Country
8.4.2.1.1 U.S.
8.4.2.1.2 Canada
8.4.2.1.3 Mexico
8.5 Middle East
8.5.1 By Equipment
8.5.2 By Application
8.5.2.1 By Country
8.5.2.1.1 Saudi Arabia
8.5.2.1.2 Iran
8.5.2.1.3 Qatar
8.5.2.1.4 Rest of the Middle East
8.6 Africa
8.6.1 By Country
8.6.2 By Equipment
8.6.3 By Application
8.6.4 Angola
8.6.4.1 Eqypt
8.6.5 Nigeria
8.6.6 Rest of Africa
8.7 South America
8.7.1 By Equipment
8.7.2 By Application
8.7.3 By Country
8.7.4 Brazil
8.7.4.1 Venezuela
8.7.4.2 Rest of South America

9 Competitive Landscape
9.1 Overview
9.2 Key Players of the Oilfield Equipment Rental Market
9.2.1 Key Company Focus Area
9.2.1.1 Growth Strategies in the Oilfield Equipment Rental Market
9.3 Market Share Analysis
9.3.1 Global Market Scenario
9.4 Competitive Situations & Trends
9.5 Vendor Dive Overview
9.5.1 Market Leaders
9.5.2 Dynamic
9.5.3 Innovators
9.5.4 Emerging
9.6 Analysis of the Product Portfolio of Major Players in the Oilfield Equipment Rental Market (25 Companies)
9.7 Business Strategy Adopted By Major Players in the Oilfield Equipment Rental Market (25 Companies)

10 Company Profiles
10.1 Schlumberger Limited
10.1.1 Business Overview
10.1.2 Company Scorecard
10.1.3 Product Offered
10.1.4 Business Strategy
10.1.5 Developments, 2014
10.1.6 Developments, 2014-2016
10.2 Halliburton Company
10.2.1 Business Overview
10.2.2 Company Scorecard
10.2.3 Product Offered
10.2.4 Business Strategy
10.2.5 Developments, 2014
10.3 Superior Energy Services, Inc.
10.3.1 Business Overview
10.3.2 Company Scorecard
10.3.3 Product Offere
10.3.4 Business Strategy
10.3.5 Developments, 2014
10.4 Oil States International, Inc.
10.4.1 Business Overview
10.4.2 Company Scorecard
10.4.3 Product Offered
10.4.4 Business Strategy
10.4.5 Developments, 2017
10.4.6 Developments, 2015-2016
10.5 Technipfmc PLC.
10.5.1 Business Overview
10.5.2 Company Scorecard
10.5.3 Product Offered
10.5.4 Business Strategy
10.5.5 Developments
10.6 Weatherford International PLC
10.6.1 Business Overview
10.6.2 Company Scorecard
10.6.3 Product Offered
10.6.4 Business Strategy
10.6.5 Developments, 2014
10.6.6 Developments, 2014
10.7 Parker Drilling Company
10.7.1 Business Overview
10.7.2 Company Scorecard
10.7.3 Product Offered
10.7.4 Business Strategy
10.7.5 Developments,
10.8 Seventy Seven Energy, Inc.
10.8.1 Business Overview
10.8.2 Company Scorecard
10.8.3 Product Offered
10.8.4 Business Strategy
10.8.5 Developments, 2017
10.9 Basic Energy Services, Inc.
10.9.1 Business Overview
10.9.2 Company Scorecard
10.9.3 Product Offered
10.9.4 Business Strategy
10.9.5 Developments, 2014
10.10 Key Energy Services, Inc.
10.10.1 Business Overview
10.10.2 Company Scorecard
10.10.3 Product Offered
10.10.4 Business Strategy
10.10.5 Developments
10.11 John Energy Ltd.
10.11.1 Business Overview
10.11.2 Company Scorecard
10.11.3 Product Offered
10.11.4 Developments
10.12 Circle T Service & Rental Ltd.
10.12.1 Business Overview
10.12.2 Company Scorecard
10.12.3 Product Offered
10.12.4 Developments
10.13 Ensign Energy Services, Inc.
10.13.1 Business Overview
10.13.2 Company Scorecard
10.13.3 Product Offered
10.13.4 Developments, 2014
10.14 Bestway Oilfields
10.14.1 Business Overview
10.14.2 Company Scorecard
10.14.3 Product Offered
10.14.4 Developments
10.15 Kit Oil & Gas
10.15.1 Business Overview
10.15.2 Company Scorecard
10.15.3 Product Offered
10.15.4 Developments

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports

List of Tables

Table 1 Global Ring Main Unit Snapshot
Table 2 Worldwide Exploration & Production Spending By Region (USD Billion)
Table 3 Oil Producing and Exporting Countries (Opec) Upstream Investment Plans (USD Billion)
Table 4 World Energy Consumption By Country, 2012–40 (Quadrillion Btu)
Table 5 Russian Horizontal Drilling Activity, 2010–2016 (Km/D)
Table 6 Demand Outlook, Floaters and Jackups 2013-2020
Table 7 Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 8 Onshore Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 9 Offshore Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 10 Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 11 Drilling Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 12 Drill Pipe Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 13 Drill Collar Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 14 Hevi-Wate Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 15 Subs Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 16 Other Drilling Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 17 Pressure & Flow Control Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 18 Blow Out Preventer Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 19 Valves & Manifolds Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 20 Other Pressure & Flow Control Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 21 Fishing Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 22 Other Equipment Rental Market, By Region 2015 - 2022 (USD Million)
Table 23 Oilfield Equipment Rental Market Size, By Region, 2015–2022 (USD Million)
Table 24 Asia-Pacific: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 25 Asia-Pacific: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 26 Asia-Pacific: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 27 China: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 28 India: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 29 Indonesia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 30 Australia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 31 Rest of Asia-Pacific: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 32 Europe: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 33 Europe: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 34 Europe: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 35 Russia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 36 Norway: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 37 Kazakhstan: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 38 U.K.: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 39 Rest of Europe: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 40 North America: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 41 North America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 42 North America: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 43 U.S.: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 44 Canada: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 45 Mexico: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 46 Middle East : Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 47 Middle East : Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 48 Middle East: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 49 Saudi Arabia: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 50 Iran: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 51 Qatar: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 52 Rest of the Middle East: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 53 Africa : Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 54 Africa : Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 55 Africa : Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 56 Angola: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 57 Egypt: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 58 Nigeria : Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 59 Rest of Africa : Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 60 South America: Oilfield Equipment Rental Market Size, By Country, 2015–2022 (USD Million)
Table 61 South America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 62 South America: Oilfield Equipment Rental Market Size, By Application, 2015–2022 (USD Million)
Table 63 Brazil: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 64 Venezuela: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 65 Rest of South America: Oilfield Equipment Rental Market Size, By Equipment, 2015–2022 (USD Million)
Table 66 Market Ranking Based on Revenue, 2016

List of Figures

Figure 1 Markets Covered: Oilfield Equipment Rental Market
Figure 2 Oilfield Equipment Rental Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 North America Dominated the Oilfield Equipment Rental Market in 2016
Figure 8 Drilling Equipment to Dominate the Oilfield Equipment Rental Market During the Forecast Period
Figure 9 Oilfield Equipment Rental Market: Application Snapshot
Figure 10 Technological Advancement in Oilfield Equipment and Increase in Global Investment in Exploration and Production to Drive the Oilfield Equipment Rental Market During the Forecast Period
Figure 11 North America is Also Expected to Grow at A Fast Pace During the Forecast Period
Figure 12 Onshore Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 13 Drilling Equipments Segment is Estimated to Dominate the Oilfield Equipment Rental Market Till the Forecast Period
Figure 14 Market Segmentation: Oilfield Equipment Rental Market
Figure 15 Market Dynamics: Oilfield Equipment Rental Market
Figure 16 Onshore Equipment Rental Market Dominates the Oilfield Equipment Rental Market, By Application, During the Forecast Period
Figure 17 Drilling Segment is Expected to Hold the Maximum Share of the Oilfield Equipment Rental Market From 2017 to 2022
Figure 18 Rental Equipment Supplies By Well Stages & Category of Equipment
Figure 19 Oilfield Equipment Rental Market Analysis : By Equipment
Figure 20 Regional Snapshot: North America Expected to Dominate Till 2022
Figure 21 North America: the Largest & Fastest Growing Oilfield Equipment Rental Market Till 2022
Figure 22 The Link Between Russian Oil Production and Capital Expenditure (Rouble)
Figure 23 Production History and Forecast Distributed Per Resource Category, 2010-2030
Figure 24 U.K. Continental Shelf (UKCS) Exploration and Appraisal Well Count, 2014–2018
Figure 25 North America Rig Count By Area, 2017
Figure 26 Capital Expenditure for Oil Companies, 2016–2017
Figure 27 North America Oilfield Equipment Rental Market: Regional Snapshot
Figure 28 Oil & Gas Production in Permian Region, 2010-2017
Figure 29 Middle East Exploration and Production Spending, (USD Million)
Figure 30 Expenditure During the Upcoming Five Years, (Thousand KD)
Figure 31 Middle East Oilfield Equipment Rental Market: Regional Snapshot
Figure 32 Contracts Awarded, Hoas, and Mous, 2016-2017
Figure 33 Natural Gas Demand in South America, 2000–2030
Figure 34 Companies Adopted Mergers & Acquistions and Investments & Contracts & Agreements are Key Strategies to Capture the Market, 2014–2017
Figure 35 Market Evaluation Framework: Merger & Acquisition, Contracts & Agreements, and Investments & Expansions Have Fueled the Growth of Companies, 2014–2017
Figure 36 Vendor Dive Matrix
Figure 37 Schlumberger Limited: Company Snapshot
Figure 38 Schlumberger Limited: Product Strategy Scorecard
Figure 39 Schlumberger Limited: Business Strategy Scorecard
Figure 40 Halliburton Company: Company Snapshot
Figure 41 Halliburton Company: Product Strategy Scorecard
Figure 42 Halliburton Company: Business Strategy Scorecard
Figure 43 Superior Energy Services, Inc.: Company Snapshot
Figure 44 Superior Energy Services, Inc.: Product Strategy Scorecard
Figure 45 Superior Energy Services, Inc.: Business Strategy Scorecard
Figure 46 Oil States International, Inc.: Company Snapshot
Figure 47 Oil States International, Inc.: Product Strategy Scorecard
Figure 48 Oil States International, Inc.: Business Strategy Scorecard
Figure 49 Technipfmc PLC: Company Snapshot
Figure 50 Technipfmc PLC: Product Strategy Scorecard
Figure 51 Technipfmc PLC: Business Strategy Scorecard
Figure 52 Weatherford International PLC.: Company Snapshot
Figure 53 Weatherford International PLC.: Product Strategy Scorecard
Figure 54 Weatherford International PLC.: Business Strategy Scorecard
Figure 55 Parker Drilling Company: Company Snapshot
Figure 56 Parker Drilling Company: Product Strategy Scorecard
Figure 57 Parker Drilling Company: Business Strategy Scorecard
Figure 58 Seventy Seven Energy, Inc.Company Snapshot
Figure 59 Seventy Seven Energy, Inc.: Product Strategy Scorecard
Figure 60 Seventy Seven Energy, Inc.: Business Strategy Scorecard
Figure 61 Basic Energy Services, Inc.: Company Snapshot
Figure 62 Basic Energy Services, Inc.: Product Strategy Scorecard
Figure 63 Basic Energy Services, Inc.: Business Strategy Scorecard
Figure 64 Key Energy Services, Inc.: Company Snapshot
Figure 65 Key Energy Services, Inc.: Product Strategy Scorecard
Figure 66 Key Energy Services, Inc.: Business Strategy Scorecard
Figure 67 John Energy Ltd.: Company Snapshot
Figure 68 John Energy Ltd.: Product Strategy Scorecard
Figure 69 John Energy Ltd.: Business Strategy Scorecard
Figure 70 Circle T Service & Rental Ltd.: Company Snapshot
Figure 71 Circle T Service & Rental Ltd.: Product Strategy Scorecard
Figure 72 Circle T Service & Rental Ltd.: Business Strategy Scorecard
Figure 73 Ensign Energy Services, Inc.: Company Snapshot
Figure 74 Ensign Energy Services, Inc.: Product Strategy Scorecard
Figure 75 Ensign Energy Services, Inc.: Business Strategy Scorecard
Figure 76 Bestway Oilfields: Company Snapshot
Figure 77 Bestway Oilfields: Product Strategy Scorecard
Figure 78 Bestway Oilfields: Business Strategy Scorecard
Figure 79 Kit Oil & Gas: Company Snapshot
Figure 80 Kit Oil & Gas: Product Strategy Scorecard
Figure 81 Kit Oil & Gas: Business Strategy Scorecard

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