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Oilfield Equipment Rental Market Expected to Reach $53,706 Million by 2019 - New Report By MarketsandMarkets
  • USA - English


News provided by

MarketsandMarkets

Jan 28, 2015, 08:30 ET

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MarketsandMarkets
MarketsandMarkets

(PRWEB) January 28, 2015 -- The market study of Oilfield Equipment Rental Global Trends and Forecasts to 2019 defines and segments the market with regional forecast and segment revenue estimates through to 2019. Top market players from the industry segment have been studies in order to track developments, technologies and other key business strategies. It will grow from an estimated $ 26,818 million in 2014 to $53,706 million by 2019 with a CAGR of 14.9% from 2014 to 2019.

http://www.marketsandmarkets.com/Market-Reports/oilfield-equipment-rental-market-1083.html

Key players are Halliburton Co. (U.S.), Oil States International, Inc. (U.S.), Schlumberger Limited (U.S.), Superior Energy Services, Inc. .

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Browse 109 market data tables and 38 figures spread through 339 pages and in-depth TOC.

Get Full Report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1083

Early buyers will receive 10% customization on this report.

The North American region holds the largest market for oilfield equipment rental, driven largely by the number of drilling and E&P activities in the U.S. North America, due to its growing energy needs and flourishing conventional and unconventional drilling and oilfield service industry is the major growth engine for this market.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1083

Drilling equipment's are the most commonly rented equipment's among all oilfield equipment's. Advanced drilling techniques such as horizontal drilling and ultra deep drilling have made extraction of shale gas possible. Rising energy demand is increasing the oil and gas E&P (exploration & production) and drilling activities globally which in turn is driving the rental equipment market. The enormous potential of this market is attracting various small and big level industry players.

Oilfield rental is a highly developing market despite its large base due to growing energy demand. The market is expected to experience high growth due to the increasing oilfield expenditure and flourishing oil & gas industry of Africa and Latin America. Technological developments have enabled the development of non conventional oil and gas fields which were earlier considered unviable economically and now even the E&P companies are optimizing the proficiency of extraction from maturing oilfields.

Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1083

The oilfield equipment rental industry is fragmented and offers several opportunities for consolidation and growth in efficiency through an increase in economies of scale. The rental facility has reduced the entry barrier and exit barriers in the industry. Renting equipment's are much more feasible viable for new comers than buying purchasing costly equipment's. Hence, the perception of buyers has shifted from buying towards renting equipment's. This is a major driver of the oilfield equipment rental market. Top five players of the OER market are the suppliers of equipment's for oilfield service. Weatherford International Ltd (Ireland) rents its equipment under the drilling tools segment whereas Halliburton (U.S.) maintains oilfield rental companies in the form of Boots & Coots (U.S.) and PWR Rentals (U.S.).

Browse Related Report

Down-hole Tools Market - Global trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/downhole-tools-market-156563592.html

Oil Country Tubular Goods Market - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/oil-country-tubular-goods-octg-market-5108819.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Blog: http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Mr.Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]

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