Europe Horizontal Directional Drilling Market Forecast to 2030

At 10.5% CAGR, Europe Horizontal Directional Drilling Market is Speculated to be Worth US$ 1,247.49 Million by 2030, says the Research Team

According to the Research Team’ research, the Europe horizontal directional drilling market was valued at US$ 561.83 million in 2022 and is expected to reach US$ 1,247.49 million by 2030, registering a CAGR of 10.5% from 2022 to 2030. Increasing application of horizontal directional drilling equipment in sewer & water and oil & gas sectors and rising infrastructure development in telecommunications and mineral exploration sectors are among the critical factors attributed to drive the Europe horizontal directional drilling market growth.

The volume of sewage is rising with population growth. The majority of wastewater is generated by households and industries. Every year, ~380 billion m3 (cubic meters) of municipal wastewater is produced globally. As a result, the demand for proper infrastructure development in the sewer & water sector is increasing due to the growing population and rising urbanization. Governments of several countries are focusing on installing proper wastewater and sewage treatment facilities to protect the environment from pollution. For instance, in March 2023, the government of North Macedonia and the European Investment Bank have agreed to an approximately US$ 75 million (€70 million) EU investment grant for the construction of a wastewater treatment plant in Skopje. This environmental initiative, which is a component of the Western Balkans Green Agenda and the Economic and Investment Plan of the European Commission, will improve living conditions for almost 500,000 people. The growing emphasis on proper sewer and water infrastructure is boosting drilling activities, which is increasing the application of horizontal directional drilling equipment worldwide.

Moreover, there is a surge in energy demand due to the growing global population. According to Exxon Mobil Corporation’s report, the global energy demand is expected to reach 660 quadrillion Btu in 2050, up around 15% from 2021 due to population growth and increased affluence. Natural gas has the potential application in electricity generation, which boosts its demand in various industries. Furthermore, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments of several countries are boosting the application of natural gas. As a result, oil & gas exploration activities are growing across the globe. For instance, in 2024, governments of France and Germany announced their plans to initiate the 100 km hydrogen pipeline project. GRTGaz, a prime gas supplier in France, is set to authorize the installation of a hydrogen pipeline linking France and Germany, marking a substantial step toward decarbonizing heavy industries in both countries. In addition, in 2023, governments of Germany and Italy joined forces to form a projected gas pipeline. The proposed pipeline is a 3,300 km project and is anticipated to incorporate four European transmission system operators, including Trans Austria Gasleitung, Snam, Bayernets, and Gas Connect Austria in Germany.

Furthermore, the growing offshore drilling activities for crude oil & gas exploration are boosting the demand for horizontal directional drilling equipment. For instance, in October 2022, the Italian government announced plans to double its gas production from the current gas production capacity. This plan also includes the construction of new offshore gas rigs across the country, which is expected to drive the market for offshore oil & gas pipes, fittings, and flanges market across Italy. Thus, an increase in offshore oil & gas exploration activities bolsters the expansion of gas pipeline infrastructure, which is propelling the application of horizontal directional drilling equipment. Thus, the rising infrastructure development in the sewer & water and oil & gas sectors drives the horizontal directional drilling market.

On the contrary, the declining oil & gas exploration activities hampers the growth of Europe horizontal directional drilling market.

Based on end use, the Europe horizontal directional drilling market is segmented telecommunications, oil & gas, sewer & water, environmental wells, and utility. The oil & gas segment held 41.8% market share in 2022, amassing US$ 235.01 million. It is projected to garner US$ 513.44 million by 2030 to register 10.3% CAGR during 2022-2030.

By rig size, the Europe horizontal directional drilling market is segmented into small (below 40,000 Lbs), medium (40,000 – 100,000 Lbs), and large (above 100,000 Lbs). The large (above 100,000 Lbs) segment held 47.9% share of Europe horizontal directional drilling market in 2022, amassing US$ 269.19 million. It is anticipated to garner US$ 568.83 million by 2030 to expand at 9.8% CAGR during 2022-2030.

Based on application, the Europe horizontal directional drilling market is bifurcated into onshore and offshore. The onshore segment held 68.1% share of Europe horizontal directional drilling market in 2022, amassing US$ 382.70 million. It is projected to garner US$ 825.38 million by 2030 to expand at 10.1% CAGR from 2022 to 2030.

By country, the Europe horizontal directional drilling market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 27.0% share of Europe horizontal directional drilling market in 2022. It was assessed at US$ 151.55 million in 2022 and is likely to hit US$ 325.60 million by 2030, registering a CAGR of 10.0% during 2022-2030.

Key players operating in the Europe horizontal directional drilling market are American Augers Inc, Drillto Trenchless Co Ltd, Epiroc AB, Herrenknecht AG, Laney Directional Drilling Co, Nabors Industries Ltd, Prime Drilling GmbH, Tracto-Technik GmbH & Co KG, and Vermeer Corp, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe horizontal directional drilling market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe horizontal directional drilling market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe horizontal directional drilling market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Horizontal Directional Drilling Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Europe Horizontal Directional Drilling Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Application of Horizontal Directional Drilling Equipment in Sewer & Water and Oil & Gas Sectors
5.1.2 Rising Infrastructure Development in Telecommunications and Mineral Exploration Sectors
5.2 Market Restraints
5.2.1 Declining Oil & Gas Exploration Activities
5.3 Market Opportunities
5.3.1 Discovery of New Mineral Exploration Locations
5.4 Future Trends
5.4.1 Development of Smart Cities across Emerging Countries
5.5 Impact of Drivers and Restraints:
6. Horizontal Directional Drilling Market – Europe Market Analysis
6.1 Europe Horizontal Directional Drilling Market Revenue (US$ Million), 2020-2030
6.2 Europe Horizontal Directional Drilling Market Forecast Analysis
7. Europe Horizontal Directional Drilling Market Analysis – by End Use
7.1 Telecommunication
7.1.1 Overview
7.1.2 Telecommunication: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Oil & Gas
7.2.1 Overview
7.2.2 Oil & Gas: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Sewer & Water
7.3.1 Overview
7.3.2 Sewer & Water: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Environmental Wells
7.4.1 Overview
7.4.2 Environmental Wells: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Utility
7.5.1 Overview
7.5.2 Utility: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8. Europe Horizontal Directional Drilling Market Analysis – by Rig Size
8.1 Small (Below 40000 lbs)
8.1.1 Overview
8.1.2 Small (Below 40000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Medium (40000-100000 lbs)
8.2.1 Overview
8.2.2 Medium (40000-100000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Large (Above 100000 lbs)
8.3.1 Overview
8.3.2 Large (Above 100000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9. Europe Horizontal Directional Drilling Market Analysis – by Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10. Europe Horizontal Directional Drilling Market – Country Analysis
10.1 Overview
10.1.1 Europe Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Germany: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Germany: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.2.2 Germany: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.2.3 Germany: Europe Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.3 France: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 France: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.3.2 France: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.3.3 France: Europe Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.4 Italy: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Italy: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.4.2 Italy: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.4.3 Italy: Europe Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.5 United Kingdom: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 United Kingdom: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.5.2 United Kingdom: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.5.3 United Kingdom: Europe Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.6 Russia: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Russia: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.6.2 Russia: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.6.3 Russia: Europe Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.7 Rest of Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Europe: Europe Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.7.2 Rest of Europe: Europe Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.7.3 Rest of Europe: Europe Horizontal Directional Drilling Market Breakdown, by Application
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Market Initiative
12. Company Profiles
12.1 American Augers Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Drillto Trenchless Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Tracto-Technik GmbH & Co KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Herrenknecht AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nabors Industries Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Laney Directional Drilling Co
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Prime Drilling GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Epiroc AB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Vermeer Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Europe Horizontal Directional Drilling Market Segmentation
Table 2. Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by End Use
Table 4. Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Rig Size
Table 5. Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. Germany: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 8. Germany: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 9. Germany: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. France: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 11. France: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 12. France: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Italy: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 14. Italy: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 15. Italy: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. United Kingdom: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 17. United Kingdom: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 18. United Kingdom: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Russia: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 20. Russia: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 21. Russia: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Rest of Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 23. Rest of Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 24. Rest of Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application

LIST OF FIGURES

Figure 1. Europe Horizontal Directional Drilling Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. Europe Horizontal Directional Drilling Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Horizontal Directional Drilling Market Revenue (US$ Million), 2020-2030
Figure 6. Europe Horizontal Directional Drilling Market Share (%) – by End Use (2022 and 2030)
Figure 7. Telecommunication: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Oil & Gas: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sewer & Water: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Environmental Wells: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Utility: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Europe Horizontal Directional Drilling Market Share (%) – by Rig Size (2022 and 2030)
Figure 13. Small (Below 40000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Medium (40000-100000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large (Above 100000 lbs): Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Europe Horizontal Directional Drilling Market Share (%) – by Application (2022 and 2030)
Figure 17. Onshore: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Offshore: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Europe Horizontal Directional Drilling Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. Europe: Europe Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Germany: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. France: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Italy: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. United Kingdom: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Russia: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Rest of Europe: Europe Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)