MarketsandMarkets forecasts the global Oilfield Equipment Rental Market is projected to grow at a CAGR of 3.87% from 2017 to 2022, to reach a market size of USD 20.55 billion by 2022.
Drilling Equipment Segment is Expected to Dominate the Oilfield Equipment Rental Market During the Forecast Period
Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region
Oilfield Equipment Rental Market by Equipment (Drilling Equipment (Drill Pipe, Drill Collars, Hevi-Wate, and Subs), Pressure & Flow Control Equipment, and Fishing Equipment), Application (Onshore and Offshore), and Region - Global Forecasts to 2022
The global oilfield equipment rental market is set to witness growth, due to technological advancement in oilfield equipment and increase in global investments in exploration and production.
The oilfield equipment rental market is expected to grow from an estimated USD 16.99 Billion in 2017 to USD 20.55 Billion by 2022, at a CAGR of 3.87%.
The global oilfield equipment rental market is set to witness growth, due to technological advancement in oilfield equipment and increase in global investments in exploration and production.
The global oilfield equipment rental market is set to witness growth, due to technological advancement in oilfield equipment and increase in global investments in exploration and production.