Key Drivers, Growth, and Opportunity Analysis for the Saudi Arabia Oilfield Equipment Rental Market by 2022, with a Notable CAGR of 8%, according to MarkNtel Advisors

The current Saudi Arabia Oilfield Equipment Rental market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product & service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities & challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -

-Baker Hughes Company

-Parker Wellbore

-Schlumberger Middle East

-Superior Energy Services

-Seadrill Ltd.

-Weatherford International PLC

-Nabors Industries Ltd.

-Certified Oilfield Rentals LLC (COR Middle East)

-Great Valve General Contracting (GVGC)

-Rawabi Oil & Gas (ROG)


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According to the research report, the Saudi Arabia Oilfield Equipment Rental Market is expected to expand at a CAGR of 8% during 2022-27.

Market Definition: The oilfield equipment & services comprise all the products & services associated with mostly upstream energy industry, such as drilling, well logging, well intervention, well completion, etc. The services provided by the equipment rental players, such as repair, maintenance of tools & equipment, machine assembly, among others, have broadened the market scope. The oil & gas industry is moving towards technology adoption along with automation in drilling equipment, which has inclined oil & gas companies towards oilfield equipment on a rental basis to smoothen the processes, including horizontal drilling, deep drilling, and exploration of unconventional hydrocarbons.

Key Driver: Saudi Arabia Oilfield Equipment Rental market countersigned the prolific growth in the historical years, owing to the oil mines expansion activities in the region. As Saudi Arabia is blessed with a large number of oil reserves, both onshore & offshore, the country has been one of the largest oil exporters in the world, which continues to increase the demand for equipment rental services such as jack-ups & drillships.

Possible Restraint: The burden of maintaining oilfield equipment over offshore platforms has posed a challenge for the Saudi Arabia Oilfield Equipment Rental market. The equipment, including drill pipes, drill collars, pressure & flow control equipment, etc., require perpetual greasing, polishing, rust-coating, & other maintenances to keep it running smoothly. Therefore, the high cost of maintaining the sizeable fleet of oilfield equipment when the equipment is not in use becomes an additional cost burden for the rental companies to incur.

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The Market segments are cited below:

Market Divided into, By Type

-Drilling Equipment

--Drill Pipe

--Drill Collars

--Others (Reamer, etc.)

-Pressure & Flow Control Equipment

-Fishing Equipment

-Others (Casing Clean-out, etc.)

Market Divided into, By Location



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Key Citations of the Research Report:

-Influential parameters driving or constraining Market growth

-The Market's response to the Covid-19 pandemic

-A thorough examination of the Market's shifting dynamics

-Assists in determining the profitability by providing thorough insights & assessments of -various segments of the Market

-Key strategies adopted by market leaders to maintain their position in the Market

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