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The Global Land Drilling Rigs Market is expected to grow by $ 3.26 bn during 2021-2025, progressing at a CAGR of almost 3% during the forecast period

ReportLinker
·3-min read

Global Land Drilling Rigs Market 2021-2025 The analyst has been monitoring the land drilling rigs market and it is poised to grow by $ 3. 26 bn during 2021-2025, progressing at a CAGR of almost 3% during the forecast period.

New York, April 05, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Land Drilling Rigs Market 2021-2025" - https://www.reportlinker.com/p05372338/?utm_source=GNW
Our report on land drilling rigs market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global oil and gas consumption and discovery of new oil fields. In addition, rising global oil and gas consumption is anticipated to boost the growth of the market as well.
The land drilling rigs market analysis includes type segment an geographical landscapes.

The land drilling rigs market is segmented as below:
By Type
• Conventional rigs
• Mobile rigs

By Geographical Landscapes
• MEA
• North America
• APAC
• Europe
• South America

This study identifies the rise in unconventional oil and gas resources as one of the prime reasons driving the land drilling rigs market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on land drilling rigs market covers the following areas:
• Land drilling rigs market sizing
• Land drilling rigs market forecast
• Land drilling rigs market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading land drilling rigs market vendors that include Archer Ltd., Cactus Drilling Co. LLC, Drillmec Spa, Helmerich & Payne Inc., KCA Deutag Alpha Ltd., Nabors Industries Ltd., National Oilwell Varco Inc., Parker Drilling Co., Patterson-UTI Energy Inc., and Weatherford International Plc. Also, the land drilling rigs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Read the full report: https://www.reportlinker.com/p05372338/?utm_source=GNW

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