2023-2029 Global Oil Drilling Equipment Derrick Industry Research & Trends Analysis Report
2023-2029 Global Oil Drilling Equipment Derrick Industry Research & Trends Analysis Report
Discover the latest insights into the booming Oil Drilling Equipment Derrick Market. This report analyzes market size, growth trends (CAGR ), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for -.
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According to the latest research analysis,the global market for Oil Drilling Equipment Derrick should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
China Oil Drilling Equipment Derrick market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
The United States Oil Drilling Equipment Derrick market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.
In terms of type, Offshore Oil Derricks segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Oil Prospecting has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.
The global key manufacturers of Oil Drilling Equipment Derrick include Beijing KMC RIGS Co., Ltd., Bharat Heavy Electronics Ltd. (BHEL), Cameron - A Schlumberger Company, Derrick Services Limited, DRILLMEC Inc., Kosun (Kazakhstan) Services Co., Ltd., Lee C. Moore, National Oilwell Varco and Oil States Industries, Inc., etc. In 2022, the global top five players hold a share approximately % in terms of revenue.
Oil derricks are load-bearing structures used to support and position a drill string over an oil well. They are considered permanent structures and are typically used in offshore drilling applications. Most derricks take the form of a tall tower which extends above drilling operations. A crown block, the stationary section of a block and tackle, sits on top of the derricks connecting the load of the drill string to the support structure.
This report aims to provide a comprehensive study of the global market for Oil Drilling Equipment Derrick.
Data-Driven Insights: Highlights from Our Report
(1) Global Oil Drilling Equipment Derrick market size (sales volume & revenue), history data from 2018-2022 and forecast data from 2023 to 2029.
(2) Global Oil Drilling Equipment Derrick market competitive situation, sales, revenue, price and market share, from 2018 to 2022.
(3) China Oil Drilling Equipment Derrick market competitive situation, sales, revenue, price and market share, from 2018 to 2022.
(4) Global Oil Drilling Equipment Derrick segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.
(5) Global Oil Drilling Equipment Derrick segment by type and by application and regional segment by type and by application.
(6) Global major production regions of Oil Drilling Equipment Derrick, capacity, production and trends.
(7) Oil Drilling Equipment Derrick industry supply chain, upstream, midstream and downstream analysis.
Breaking Down Market Segments by Region: A Deep Dive Analysis
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Understanding Market Segments by Type: A Comparative Analysis
Offshore Oil Derricks
Onshore Oil Derricks
Market Segmentation by Application: Dividing Key Markets and Identifying Opportunities
Oil Prospecting
Oil And Gas Development
Understanding Market Segments by Key Players: Insights and Opportunities
Beijing KMC RIGS Co., Ltd.
Bharat Heavy Electronics Ltd. (BHEL)
Cameron - A Schlumberger Company
Derrick Services Limited
DRILLMEC Inc.
Kosun (Kazakhstan) Services Co., Ltd.
Lee C. Moore
National Oilwell Varco
Oil States Industries, Inc.
RigQuip International
Sovonex Technology Co., Ltd.
Superior Derrick Services, LLC
Trevi Finanziaria Industriale S.p.A.
Veristic Technologies, Inc.
1 Market Overview
1.1 Oil Drilling Equipment Derrick Definition
1.2 Global Oil Drilling Equipment Derrick Market Size and Forecast
1.2.1 By Revenue, Global Oil Drilling Equipment Derrick Market Size, 2018-2029
1.2.2 By Sales Volume, Global Oil Drilling Equipment Derrick Market Size, 2018-2029
1.2.3 Global Oil Drilling Equipment Derrick Price Trend, 2018-2029
1.3 China Oil Drilling Equipment Derrick Market Size and Forecast
1.3.1 By Revenue, China Oil Drilling Equipment Derrick Market Size, 2018-2029
1.3.2 By Sales Volume, China Oil Drilling Equipment Derrick Market Size, 2018-2029
1.3.3 China Oil Drilling Equipment Derrick Price Trend, 2018-2029
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Oil Drilling Equipment Derrick Share in Global Market, 2018-2029
1.4.2 By Sales Volume, China Oil Drilling Equipment Derrick Share in Global Market, 2018-2029
1.4.3 Oil Drilling Equipment Derrick Market Size: China VS Global, 2018-2029
1.5 Oil Drilling Equipment Derrick Market Dynamics
1.5.1 Oil Drilling Equipment Derrick Market Drivers
1.5.2 Oil Drilling Equipment Derrick Market Restraints
1.5.3 Oil Drilling Equipment Derrick Industry Trends
1.5.4 Oil Drilling Equipment Derrick Industry Policy
2 Global Competitive Landscape by Company
2.1 Global Oil Drilling Equipment Derrick Revenue by Company, 2018-2023
2.2 Global Oil Drilling Equipment Derrick Sales Volume by Company, 2018-2023
2.3 Global Oil Drilling Equipment Derrick Price by Company, 2018-2023
2.4 Global Oil Drilling Equipment Derrick Participants, Market Position (Tier 1, Tier 2 and Tier 3)
2.5 Global Oil Drilling Equipment Derrick Concentration Ratio
2.6 Global Oil Drilling Equipment Derrick Mergers & Acquisitions, Expansion Plans
2.7 Global Oil Drilling Equipment Derrick Manufacturers Product Type
3 China Competitive Landscape by Company
3.1 China Oil Drilling Equipment Derrick Revenue by Company, 2018-2023
3.2 China Oil Drilling Equipment Derrick Sales Volume by Company, 2018-2023
3.3 China Oil Drilling Equipment Derrick Oil Drilling Equipment Derrick Participants, Market Position (Tier 1, Tier 2 and Tier 3)
3.4 China Oil Drilling Equipment Derrick Market, Sales Percentage of Local Players VS Foreign Players (2018-2023)
3.5 Chinese Local Players, Oil Drilling Equipment Derrick Domestic VS Export
3.6 China Market, Oil Drilling Equipment Derrick Import & Export
3.6.1 China Market, Oil Drilling Equipment Derrick Import & Export, 2018-2029
3.6.2 China Oil Drilling Equipment Derrick Import & Export Trends
3.6.3 Main Sources of China Oil Drilling Equipment Derrick Import
3.6.4 Export Destination of China Oil Drilling Equipment Derrick
4 Oil Drilling Equipment Derrick Production by Region
4.1 Global Oil Drilling Equipment Derrick Capacity, Production and Capacity Utilization, 2018-2029
4.2 Global Geographic Distribution of Oil Drilling Equipment Derrick Manufacturers
4.3 Global Major Manufacturers, Oil Drilling Equipment Derrick Capacity Expansion and Future Plans
4.4 Global Oil Drilling Equipment Derrick Capacity by Region
4.5 Global Oil Drilling Equipment Derrick Production by Region
4.5.1 Global Oil Drilling Equipment Derrick Production & Forecast by Region, 2018 VS 2022 VS 2029
4.5.2 Global Oil Drilling Equipment Derrick Production by Region, 2018-2023
4.5.3 Global Oil Drilling Equipment Derrick Production Market Share & Forecast by Region, 2018-2029
5 Industry Chain Analysis
5.1 Oil Drilling Equipment Derrick Industry Chain
5.2 Oil Drilling Equipment Derrick Upstream Analysis
5.2.1 Oil Drilling Equipment Derrick Core Raw Materials
5.2.2 Main Manufacturers of Oil Drilling Equipment Derrick Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Oil Drilling Equipment Derrick Production Mode
5.6 Oil Drilling Equipment Derrick Procurement Model
5.7 Oil Drilling Equipment Derrick Industry Sales Model and Sales Channels
5.7.1 Oil Drilling Equipment Derrick Sales Model
5.7.2 Oil Drilling Equipment Derrick Typical Distributors
6 Sights by Type
6.1 Oil Drilling Equipment Derrick Classification
6.1.1 Offshore Oil Derricks
6.1.2 Onshore Oil Derricks
6.2 By Type, Global Oil Drilling Equipment Derrick Market Size & CAGR, 2018 VS 2022 VS 2029
6.3 By Type, Global Oil Drilling Equipment Derrick Revenue, 2018-2029
6.4 By Type, Global Oil Drilling Equipment Derrick Sales Volume, 2018-2029
6.5 By Type, Global Oil Drilling Equipment Derrick Price, 2018-2029
7 Sights by Application
7.1 Oil Drilling Equipment Derrick Segment by Application
7.1.1 Oil Prospecting
7.1.2 Oil And Gas Development
7.2 By Application, Global Oil Drilling Equipment Derrick Market Size & CAGR, 2018 VS 2022 VS 2029
7.3 By Application, Global Oil Drilling Equipment Derrick Revenue, 2018-2029
7.4 By Application, Global Oil Drilling Equipment Derrick Sales Volume, 2018-2029
7.5 By Application, Global Oil Drilling Equipment Derrick Price, 2018-2029
8 Sales Sights by Region
8.1 By Region, Global Oil Drilling Equipment Derrick Market Size, 2018 VS 2022 VS 2029
8.2 By Region, Global Oil Drilling Equipment Derrick Revenue, 2018-2029
8.3 By Region, Global Oil Drilling Equipment Derrick Sales Volume, 2018-2029
8.4 North America
8.4.1 North America Oil Drilling Equipment Derrick Market Size & Forecasts, 2018-2029
8.4.2 By Country, North America Oil Drilling Equipment Derrick Market Size Market Share
8.5 Europe
8.5.1 Europe Oil Drilling Equipment Derrick Market Size & Forecasts, 2018-2029
8.5.2 By Country, Europe Oil Drilling Equipment Derrick Market Size Market Share
8.6 Asia Pacific
8.6.1 Asia Pacific Oil Drilling Equipment Derrick Market Size & Forecasts, 2018-2029
8.6.2 By Country/Region, Asia Pacific Oil Drilling Equipment Derrick Market Size Market Share
8.7 South America
8.7.1 South America Oil Drilling Equipment Derrick Market Size & Forecasts, 2018-2029
8.7.2 By Country, South America Oil Drilling Equipment Derrick Market Size Market Share
8.8 Middle East & Africa
9 Sales Sights by Country Level
9.1 By Country, Global Oil Drilling Equipment Derrick Market Size & CAGR，2018 VS 2022 VS 2029
9.2 By Country, Global Oil Drilling Equipment Derrick Revenue, 2018-2029
9.3 By Country, Global Oil Drilling Equipment Derrick Sales Volume, 2018-2029
9.4 U.S.
9.4.1 U.S. Oil Drilling Equipment Derrick Market Size, 2018-2029
9.4.2 By Company, U.S. Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.4.3 By Type, U.S. Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.4.4 By Application, U.S. Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.5 Europe
9.5.1 Europe Oil Drilling Equipment Derrick Market Size, 2018-2029
9.5.2 By Company, Europe Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.5.3 By Type, Europe Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.5.4 By Application, Europe Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.6 China
9.6.1 China Oil Drilling Equipment Derrick Market Size, 2018-2029
9.6.2 By Company, China Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.6.3 By Type, China Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.6.4 By Application, China Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.7 Japan
9.7.1 Japan Oil Drilling Equipment Derrick Market Size, 2018-2029
9.7.2 By Company, Japan Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.7.3 By Type, Japan Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.7.4 By Application, Japan Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.8 South Korea
9.8.1 South Korea Oil Drilling Equipment Derrick Market Size, 2018-2029
9.8.2 By Company, South Korea Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.8.3 By Type, South Korea Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.8.4 By Application, South Korea Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.9 Southeast Asia
9.9.1 Southeast Asia Oil Drilling Equipment Derrick Market Size, 2018-2029
9.9.2 By Company, Southeast Asia Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.9.3 By Type, Southeast Asia Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.9.4 By Application, Southeast Asia Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.10 India
9.10.1 India Oil Drilling Equipment Derrick Market Size, 2018-2029
9.10.2 By Company, India Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.10.3 By Type, India Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.10.4 By Application, India Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.11 Middle East & Asia
9.11.1 Middle East & Asia Oil Drilling Equipment Derrick Market Size, 2018-2029
9.11.2 By Company, Middle East & Asia Oil Drilling Equipment Derrick Sales Volume Market Share, 2022
9.11.3 By Type, Middle East & Asia Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
9.11.4 By Application, Middle East & Asia Oil Drilling Equipment Derrick Market Size, Share, 2022 VS 2029
10 Manufacturers Profile
10.1 Beijing KMC RIGS Co., Ltd.
10.1.1 Beijing KMC RIGS Co., Ltd. Company Information, Head Office, Market Area and Industry Position
10.1.2 Beijing KMC RIGS Co., Ltd. Oil Drilling Equipment Derrick Models, Specifications and Application
10.1.3 Beijing KMC RIGS Co., Ltd. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.1.4 Beijing KMC RIGS Co., Ltd. Company Profile and Main Business
10.1.5 Beijing KMC RIGS Co., Ltd. Recent Developments
10.2 Bharat Heavy Electronics Ltd. (BHEL)
10.2.1 Bharat Heavy Electronics Ltd. (BHEL) Company Information, Head Office, Market Area and Industry Position
10.2.2 Bharat Heavy Electronics Ltd. (BHEL) Oil Drilling Equipment Derrick Models, Specifications and Application
10.2.3 Bharat Heavy Electronics Ltd. (BHEL) Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.2.4 Bharat Heavy Electronics Ltd. (BHEL) Company Profile and Main Business
10.2.5 Bharat Heavy Electronics Ltd. (BHEL) Recent Developments
10.3 Cameron - A Schlumberger Company
10.3.1 Cameron - A Schlumberger Company Company Information, Head Office, Market Area and Industry Position
10.3.2 Cameron - A Schlumberger Company Oil Drilling Equipment Derrick Models, Specifications and Application
10.3.3 Cameron - A Schlumberger Company Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.3.4 Cameron - A Schlumberger Company Company Profile and Main Business
10.3.5 Cameron - A Schlumberger Company Recent Developments
10.4 Derrick Services Limited
10.4.1 Derrick Services Limited Company Information, Head Office, Market Area and Industry Position
10.4.2 Derrick Services Limited Oil Drilling Equipment Derrick Models, Specifications and Application
10.4.3 Derrick Services Limited Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.4.4 Derrick Services Limited Company Profile and Main Business
10.4.5 Derrick Services Limited Recent Developments
10.5 DRILLMEC Inc.
10.5.1 DRILLMEC Inc. Company Information, Head Office, Market Area and Industry Position
10.5.2 DRILLMEC Inc. Oil Drilling Equipment Derrick Models, Specifications and Application
10.5.3 DRILLMEC Inc. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.5.4 DRILLMEC Inc. Company Profile and Main Business
10.5.5 DRILLMEC Inc. Recent Developments
10.6 Kosun (Kazakhstan) Services Co., Ltd.
10.6.1 Kosun (Kazakhstan) Services Co., Ltd. Company Information, Head Office, Market Area and Industry Position
10.6.2 Kosun (Kazakhstan) Services Co., Ltd. Oil Drilling Equipment Derrick Models, Specifications and Application
10.6.3 Kosun (Kazakhstan) Services Co., Ltd. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.6.4 Kosun (Kazakhstan) Services Co., Ltd. Company Profile and Main Business
10.6.5 Kosun (Kazakhstan) Services Co., Ltd. Recent Developments
10.7 Lee C. Moore
10.7.1 Lee C. Moore Company Information, Head Office, Market Area and Industry Position
10.7.2 Lee C. Moore Oil Drilling Equipment Derrick Models, Specifications and Application
10.7.3 Lee C. Moore Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.7.4 Lee C. Moore Company Profile and Main Business
10.7.5 Lee C. Moore Recent Developments
10.8 National Oilwell Varco
10.8.1 National Oilwell Varco Company Information, Head Office, Market Area and Industry Position
10.8.2 National Oilwell Varco Oil Drilling Equipment Derrick Models, Specifications and Application
10.8.3 National Oilwell Varco Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.8.4 National Oilwell Varco Company Profile and Main Business
10.8.5 National Oilwell Varco Recent Developments
10.9 Oil States Industries, Inc.
10.9.1 Oil States Industries, Inc. Company Information, Head Office, Market Area and Industry Position
10.9.2 Oil States Industries, Inc. Oil Drilling Equipment Derrick Models, Specifications and Application
10.9.3 Oil States Industries, Inc. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.9.4 Oil States Industries, Inc. Company Profile and Main Business
10.9.5 Oil States Industries, Inc. Recent Developments
10.10 RigQuip International
10.10.1 RigQuip International Company Information, Head Office, Market Area and Industry Position
10.10.2 RigQuip International Oil Drilling Equipment Derrick Models, Specifications and Application
10.10.3 RigQuip International Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.10.4 RigQuip International Company Profile and Main Business
10.10.5 RigQuip International Recent Developments
10.11 Sovonex Technology Co., Ltd.
10.11.1 Sovonex Technology Co., Ltd. Company Information, Head Office, Market Area and Industry Position
10.11.2 Sovonex Technology Co., Ltd. Oil Drilling Equipment Derrick Models, Specifications and Application
10.11.3 Sovonex Technology Co., Ltd. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.11.4 Sovonex Technology Co., Ltd. Company Profile and Main Business
10.11.5 Sovonex Technology Co., Ltd. Recent Developments
10.12 Superior Derrick Services, LLC
10.12.1 Superior Derrick Services, LLC Company Information, Head Office, Market Area and Industry Position
10.12.2 Superior Derrick Services, LLC Oil Drilling Equipment Derrick Models, Specifications and Application
10.12.3 Superior Derrick Services, LLC Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.12.4 Superior Derrick Services, LLC Company Profile and Main Business
10.12.5 Superior Derrick Services, LLC Recent Developments
10.13 Trevi Finanziaria Industriale S.p.A.
10.13.1 Trevi Finanziaria Industriale S.p.A. Company Information, Head Office, Market Area and Industry Position
10.13.2 Trevi Finanziaria Industriale S.p.A. Oil Drilling Equipment Derrick Models, Specifications and Application
10.13.3 Trevi Finanziaria Industriale S.p.A. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.13.4 Trevi Finanziaria Industriale S.p.A. Company Profile and Main Business
10.13.5 Trevi Finanziaria Industriale S.p.A. Recent Developments
10.14 Veristic Technologies, Inc.
10.14.1 Veristic Technologies, Inc. Company Information, Head Office, Market Area and Industry Position
10.14.2 Veristic Technologies, Inc. Oil Drilling Equipment Derrick Models, Specifications and Application
10.14.3 Veristic Technologies, Inc. Oil Drilling Equipment Derrick Sales Volume, Revenue, Price and Gross Margin, 2018-2023
10.14.4 Veristic Technologies, Inc. Company Profile and Main Business
10.14.5 Veristic Technologies, Inc. Recent Developments
11 Conclusion
12 Appendix
12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Market Estimation Model
12.4 Disclaimer
Research Methodology:
Oil Drilling Equipment Derrick Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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