Press release
Horizontal Directional Drilling Market Research Report 2023
The global Horizontal Directional Drilling market was valued at US$ 922.2 million in 2022 and is anticipated to reach US$ 1128.1 million by 2029, witnessing a CAGR of 2.6% during the forecast period 2023-2029.
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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.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
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By Type
• Small HDD
• Medium HDD
• Large HDD
By Application
• Oil and Gas
• Telecommunication
• Water Related
• Electric Transmission
Key Players
Charles Machine Works, XCMG, Vermeer, Goodeng Machine, Herrenknecht AG, Dilong, Drillto, DW/TXS, CHTC JOVE, Huanghai, TRACTO-TECHNIK, Guangxi Huali, Barbco, Terra, Prime Drilling
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