Global Well Drilling and Repairing Machinery Market Insights, Forecast to 2028

Establishments engaged in water well drilling tend to be small, independent contractors. Even the industry leaders tend to be small, seldom generating more than $20 million in annual revenues. Some of the largest companies have diversified into other areas of construction or other types of drilling projects, such as oil, natural gas, and geothermal wells.
Market Analysis and Insights: Global Well Drilling and Repairing Machinery Market
Due to the COVID-19 pandemic, the global Well Drilling and Repairing Machinery market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Drilling Machinery accounting for % of the Well Drilling and Repairing Machinery global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential segment is altered to an % CAGR throughout this forecast period.
China Well Drilling and Repairing Machinery market size is valued at US$ million in 2021, while the US and Europe Well Drilling and Repairing Machinery are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Well Drilling and Repairing Machinery landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Well Drilling and Repairing Machinery include Gordon and Sons, Casey well drilling, Buer, Layne, Weninger Drilling, Llc, Tampa Well Drilling, Barco Well Service, Johnson Water Well Drilling and Nelson Drilling Company, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Well Drilling and Repairing Machinery capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Well Drilling and Repairing Machinery by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Well Drilling and Repairing Machinery Scope and Segment
Well Drilling and Repairing Machinery market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Well Drilling and Repairing Machinery market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Drilling Machinery
Repairing Machinery
Segment by Application
Residential
Commercial
By Company
Gordon and Sons
Casey well drilling
Buer
Layne
Weninger Drilling, Llc
Tampa Well Drilling
Barco Well Service
Johnson Water Well Drilling
Nelson Drilling Company
Jackson Water Well
Craig Waterwell & Drilling Ltd
Mikes Drilling & Pump Service
Loman Drilling Inc
Jim Jeffers Well Drilling
Caster Drilling Enterprises
Bennett Water Well Drilling
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E