Oilfield Equipment Rental Market by Types, Applications,
Requierement and Supply Forecast till 2022
The report "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",
The oilfield equipment rental market is expected to grow from an estimated USD 16.99 Billion in
2017 to USD 20.55 Billion by 2022, at a CAGR of 3.87%. The global oilfield equipment rental
market is set to witness growth, due to technological advancement in oilfield equipment and
increase in global investments in exploration and production.
Browse 67 market data tables and 52 figures spread through 173 pages and in-depth TOC
on "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"
https://www.marketsandmarkets.com/Market-Reports/oilfield-equipment-rental-market-
1083.html
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The drilling equipment is expected to hold the largest share of the oilfield equipment
rental market, by equipment, during the forecast period
The drilling segment dominated the oilfield equipment rental market during the forecast period.
Extensive shale mining is being carried out in North America and technological advancement in
the drilling equipment used in such unconventional shale reserves is expected to drive the
drilling equipment segment.
Onshore is the largest segment in the oilfield equipment rental market
With regard to the application segment, onshore segment in the oilfield equipment rental market
is expected to be the largest market in 2017. Rising demand for rental equipment from China,
Southeast Asia, and the Middle East would drive the onshore segment. The presence of huge
onshore shale reserves in the U.S. and Australia, is likely to boost the demand for onshore
oilfields.
North America: The leading market for oilfield equipment rental