Global Horizontal Directional Drilling Market Growth 2023-2029

Global Horizontal Directional Drilling Market Growth 2023-2029

Product Code:449384

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Machinery & Equipment

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Horizontal directional drilling (HDD), commonly called directional boring, is a steerable trenchless method of installing underground pipes, conduits and cables in a shallow arc along a prescribed bore path by using a surface-launched drilling rig, with minimal impact on the surrounding area. Directional boring is used when trenching or excavating is not practical. It is suitable for a variety of soil conditions and jobs including road, landscape and river crossings.

LPI (LP Information)' newest research report, the “Horizontal Directional Drilling Industry Forecast” looks at past sales and reviews total world Horizontal Directional Drilling sales in 2022, providing a comprehensive analysis by region and market sector of projected Horizontal Directional Drilling sales for 2023 through 2029. With Horizontal Directional Drilling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Horizontal Directional Drilling industry.

This Insight Report provides a comprehensive analysis of the global Horizontal Directional Drilling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Horizontal Directional Drilling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Horizontal Directional Drilling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Horizontal Directional Drilling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Horizontal Directional Drilling.

The global Horizontal Directional Drilling market size is projected to grow from US$ 902.1 million in 2022 to US$ 1090 million in 2029; it is expected to grow at a CAGR of 1090 from 2023 to 2029.

Global core horizontal directional drilling manufacturers include Charles Machine Works, XCMG etc.The top 3 companies hold a share about 60%.Asia Pacific is the largest market, with a share about 45%, followed by North America and Europe with the share about 38% and 10%.In terms of product, small HDD is the largest segment, with a share over 55%. And in terms of application, the largest application is telecommunication, followed by water related.

This report presents a comprehensive overview, market shares, and growth opportunities of Horizontal Directional Drilling market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Small HDD
    Medium HDD
    Large HDD

Segmentation by application
    Oil and Gas
    Telecommunication
    Water Related
    Electric Transmission
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Charles Machine Works
    XCMG
    Vermeer
    Goodeng Machine
    Herrenknecht AG
    Dilong
    Drillto
    DW/TXS
    CHTC JOVE
    Huanghai
    TRACTO-TECHNIK
    Guangxi Huali
    Barbco
    Terra
    Prime Drilling

Key Questions Addressed in this Report
What is the 10-year outlook for the global Horizontal Directional Drilling market?
What factors are driving Horizontal Directional Drilling market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Horizontal Directional Drilling market opportunities vary by end market size?
How does Horizontal Directional Drilling break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?