North America Horizontal Directional Drilling Market Forecast to 2030

At 11.5% CAGR, North America Horizontal Directional Drilling Market is Speculated to be Worth US$ 2,152.14 Million by 2030, says the Research Team

According to the Research Team’ research, the North America horizontal directional drilling market was valued at US$ 902.96 million in 2022 and is expected to reach US$ 2,152.14 million by 2030, registering a CAGR of 11.5% from 2022 to 2030. Development of smart cities and increasing application of horizontal directional drilling equipment in sewer & water and oil & gas sectors are among the critical factors attributed to drive the North America horizontal directional drilling market growth.

Installing sewage pipelines, expansion of broadband services in remote or rural areas, and installing electricity transmission lines involve drilling activities, which require horizontal directional drilling equipment. Adequate water supply, proper sanitation, including waste management, assured electricity supply, and efficient urban mobility are a few of the necessities of the smart city. Developing new infrastructures such as universities, schools, housing, and IT data centers requires a high level of drilling activities for the installation of underground pipelines and cables, which is anticipated to boost the application of horizontal directional drilling equipment in the coming years. In 2023, governments of Canada and British Columbia invested US$ 24.3 million in the construction of a water treatment plant. The construction of metro facilities, new airports, or expansion of the railway network is also anticipated to fuel the demand for horizontal directional drilling equipment. In March 2023, the Canadian Kelowna City Council announced approval for the funding of US$ 90 million for the Kelowna Airport terminal expansion project. As of 2023, in the US, six new airports are currently under construction. Thus, the development of smart cities is anticipated to bring new trends in the North America horizontal directional drilling market.

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

Based on end use, the North America horizontal directional drilling market is segmented telecommunications, oil & gas, sewer & water, environmental wells, and utility. The oil & gas segment held 43.1% market share in 2022, amassing US$ 389.13 million. It is projected to garner US$ 912.73 million by 2030 to register 11.2% CAGR during 2022-2030.

By rig size, the North America 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 49.0% share of North America horizontal directional drilling market in 2022, amassing US$ 442.42 million. It is anticipated to garner US$ 1,005.81 million by 2030 to expand at 10.8% CAGR during 2022-2030.

Based on application, the North America horizontal directional drilling market is bifurcated into onshore and offshore. The onshore segment held 65.4% share of North America horizontal directional drilling market in 2022, amassing US$ 590.72 million. It is projected to garner US$ 1,360.81 million by 2030 to expand at 11.0% CAGR from 2022 to 2030.

Based on country, the North America horizontal directional drilling market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.7% share of North America horizontal directional drilling market in 2022. It was assessed at US$ 665.84 million in 2022 and is likely to hit US$ 1,633.47 million by 2030, registering a CAGR of 11.9% during 2022-2030.

Key players operating in the North America 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, The Charles Machine Works Inc, 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 North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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. North America Horizontal Directional Drilling Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. North America 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
5.5 Impact of Drivers and Restraints:
6. Horizontal Directional Drilling Market – North America Market Analysis
6.1 North America Horizontal Directional Drilling Market Revenue (US$ Million), 2022-2030
6.2 North America Horizontal Directional Drilling Market Forecast Analysis
7. North America Horizontal Directional Drilling Market Analysis – by End Use
7.1 Telecommunication
7.1.1 Overview
7.1.2 Telecommunication: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Oil & Gas
7.2.1 Overview
7.2.2 Oil & Gas: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Sewer & Water
7.3.1 Overview
7.3.2 Sewer & Water: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Environmental Wells
7.4.1 Overview
7.4.2 Environmental Wells: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Utility
7.5.1 Overview
7.5.2 Utility: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Horizontal Directional Drilling Market Analysis – by Rig Size
8.1 Small (Below 40,000 LBS)
8.1.1 Overview
8.1.2 Small (Below 40,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Medium (40,000-100,000 LBS)
8.2.1 Overview
8.2.2 Medium (40,000-100,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Large (Above 100,000 LBS)
8.3.1 Overview
8.3.2 Large (Above 100,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Horizontal Directional Drilling Market Analysis – by Application
9.1 Onshore
9.1.1 Overview
9.1.2 Onshore: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Offshore
9.2.1 Overview
9.2.2 Offshore: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Horizontal Directional Drilling Market – Country Analysis
10.1 Overview
10.1.1 North America Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.1.1.1 North America Horizontal Directional Drilling Market – Revenue and Forecast Analysis – by Country
10.1.1.2 US: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 US: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.2.2 US: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.2.3 US: North America Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.3 Canada: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Canada: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.3.2 Canada: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.3.3 Canada: North America Horizontal Directional Drilling Market Breakdown, by Application
10.1.1.4 Mexico: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Mexico: North America Horizontal Directional Drilling Market Breakdown, by End Use
10.1.1.4.2 Mexico: North America Horizontal Directional Drilling Market Breakdown, by Rig Size
10.1.1.4.3 Mexico: North America Horizontal Directional Drilling Market Breakdown, by Application
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Market Initiative
13. Company Profiles
13.1 American Augers Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Drillto Trenchless Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Tracto-Technik GmbH & Co KG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Herrenknecht AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nabors Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Laney Directional Drilling Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Prime Drilling GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Epiroc AB
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Charles Machine Works Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vermeer Corp
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams

LIST OF TABLES

Table 1. North America Horizontal Directional Drilling Market Segmentation
Table 2. North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Rig Size
Table 4. North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 6. US: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 7. US: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 8. US: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. Canada: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 10. Canada: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 11. Canada: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 12. Mexico: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by End Use
Table 13. Mexico: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Rig Size
Table 14. Mexico: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million) – by Application

LIST OF FIGURES

Figure 1. North America Horizontal Directional Drilling Market Segmentation, by Country
Figure 2. Ecosystem Analysis
Figure 3. North America Horizontal Directional Drilling Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Horizontal Directional Drilling Market Revenue (US$ Million), 2022-2030
Figure 6. North America Horizontal Directional Drilling Market Share (%) – by End Use (2022 and 2030)
Figure 7. Telecommunication: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Oil & Gas: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Sewer & Water: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Environmental Wells: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Utility: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. North America Horizontal Directional Drilling Market Share (%) – by Rig Size (2022 and 2030)
Figure 13. Small (Below 40,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Medium (40,000-100,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Large (Above 100,000 LBS): North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Horizontal Directional Drilling Market Share (%) – by Application (2022 and 2030)
Figure 17. Onshore: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Offshore: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Horizontal Directional Drilling Market by Key Countries – Revenue (2022) (US$ Million)
Figure 20. North America Horizontal Directional Drilling Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. US: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Canada: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Mexico: North America Horizontal Directional Drilling Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Company Positioning & Concentration