Press release
Global OilField Equipment Rental Market Booming At CAGR Of 4.76% Between 2017-2021.
The rental oilfield equipment is basically used for extraction of oil and gas from the reservoirs. End-users take such equipment on a rental basis to reduce the capital cost incurred.
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Technavios analysts forecast the global oilfield equipment rental market to grow at a CAGR of 4.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oilfield equipment rental market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new shipments in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Oilfield Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ensign Energy Services
Halliburton
Precision Drilling
Schlumberger
Weatherford
Other prominent vendors
AOS ORWELL
Basic Energy Services
FMC Technologies
IOT GROUP
Key Energy Services
Knight Oil Tools
Oil States International
Parker Drilling
RPC
Superior Energy Services
Market driver
Development of unconventional oil and gas resources/hydrocarbon exploration
For a full, detailed list, view our report
Market challenge
Global downturn in oil industry and crude oil prices
For a full, detailed list, view our report
Market trend
Emerging offshore opportunities
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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