Product Code: A09278
The global hydraulic workover unit market was valued at $7.1 billion in 2021, and is projected to reach $11 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Hydraulic workover units are compact pulling frameworks with cost-effective techniques that offer different advantages for onshore and offshore installation. A hydraulic workover unit is an adaptable, cost sparing, and safe instrument utilized for drilling, fixing, and finishing wells in & around shores. The rising oil and gas output due to the drop in oil prices and the expanding development of natural gas resources are the primary factors influencing the growth of the hydraulic workover unit market.
The hydraulic workover unit market is segmented on the basis of service, capacity, installation, application, and region. On the basis of service, it is classified into workover and snubbing. By capacity type, the market is categorized as 50 tons, 51 to 150 tons, and above 150 tons. On the basis of installation, it is divided into skid mount and trailer mount. On the basis of application, the market is segregated into onshore and offshore. Region-wise, the market is studied across North America, Europe, Asia-Pacific, And LAMEA.
The global hydraulic workover unit market profiles leading players that include, Ceem Canadian Energy, Key Energy Services LLC, Precision Drilling Corporation, Superior Energy Services, Inc., National Oilwell Varco, Inc., ARCHER, Basic Energy Services, Inc., Cudd Energy Services, High Arctic Energy Services, Inc., Halliburton Inc, Nabors Industries Ltd.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydraulic workover units market analysis from 2021 to 2031 to identify the prevailing hydraulic workover units market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydraulic workover units market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydraulic workover units market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Capacity
- 50 tons
- 51 to 150 tons
- Above 150 tons
By Installation
By Services
By Application
By Region
- North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
- Key Market Players
- Precision Drilling Corporation
- Ceem Canadian Energy Equipment Manufacturing FZE
- Key Energy Services LLC.
- Superior Energy Services, Inc.
- Basic Energy Services, Inc.
- Cudd Energy Services
- National Oilwell Varco, Inc.
- ARCHER
- High Arctic Energy Services, Inc.
- Halliburton Inc
- Nabors Industries Ltd.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.2.Restraints
- 3.4.3.Opportunities
- 3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: HYDRAULIC WORKOVER UNITS MARKET, BY CAPACITY
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 50 tons
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3 51 to 150 tons
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4 Above 150 tons
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
CHAPTER 5: HYDRAULIC WORKOVER UNITS MARKET, BY INSTALLATION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Skid Mount
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3 Trailer Mount
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
CHAPTER 6: HYDRAULIC WORKOVER UNITS MARKET, BY SERVICES
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Workover
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3 Snubbing
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
CHAPTER 7: HYDRAULIC WORKOVER UNITS MARKET, BY APPLICATION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Onshore
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3 Offshore
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
CHAPTER 8: HYDRAULIC WORKOVER UNITS MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Capacity
- 8.2.3 North America Market size and forecast, by Installation
- 8.2.4 North America Market size and forecast, by Services
- 8.2.5 North America Market size and forecast, by Application
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Key market trends, growth factors and opportunities
- 8.2.6.1.2 Market size and forecast, by Capacity
- 8.2.6.1.3 Market size and forecast, by Installation
- 8.2.6.1.4 Market size and forecast, by Services
- 8.2.6.1.5 Market size and forecast, by Application
- 8.2.6.2 Canada
- 8.2.6.2.1 Key market trends, growth factors and opportunities
- 8.2.6.2.2 Market size and forecast, by Capacity
- 8.2.6.2.3 Market size and forecast, by Installation
- 8.2.6.2.4 Market size and forecast, by Services
- 8.2.6.2.5 Market size and forecast, by Application
- 8.2.6.3 Mexico
- 8.2.6.3.1 Key market trends, growth factors and opportunities
- 8.2.6.3.2 Market size and forecast, by Capacity
- 8.2.6.3.3 Market size and forecast, by Installation
- 8.2.6.3.4 Market size and forecast, by Services
- 8.2.6.3.5 Market size and forecast, by Application
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Capacity
- 8.3.3 Europe Market size and forecast, by Installation
- 8.3.4 Europe Market size and forecast, by Services
- 8.3.5 Europe Market size and forecast, by Application
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Key market trends, growth factors and opportunities
- 8.3.6.1.2 Market size and forecast, by Capacity
- 8.3.6.1.3 Market size and forecast, by Installation
- 8.3.6.1.4 Market size and forecast, by Services
- 8.3.6.1.5 Market size and forecast, by Application
- 8.3.6.2 France
- 8.3.6.2.1 Key market trends, growth factors and opportunities
- 8.3.6.2.2 Market size and forecast, by Capacity
- 8.3.6.2.3 Market size and forecast, by Installation
- 8.3.6.2.4 Market size and forecast, by Services
- 8.3.6.2.5 Market size and forecast, by Application
- 8.3.6.3 Italy
- 8.3.6.3.1 Key market trends, growth factors and opportunities
- 8.3.6.3.2 Market size and forecast, by Capacity
- 8.3.6.3.3 Market size and forecast, by Installation
- 8.3.6.3.4 Market size and forecast, by Services
- 8.3.6.3.5 Market size and forecast, by Application
- 8.3.6.4 Spain
- 8.3.6.4.1 Key market trends, growth factors and opportunities
- 8.3.6.4.2 Market size and forecast, by Capacity
- 8.3.6.4.3 Market size and forecast, by Installation
- 8.3.6.4.4 Market size and forecast, by Services
- 8.3.6.4.5 Market size and forecast, by Application
- 8.3.6.5 UK
- 8.3.6.5.1 Key market trends, growth factors and opportunities
- 8.3.6.5.2 Market size and forecast, by Capacity
- 8.3.6.5.3 Market size and forecast, by Installation
- 8.3.6.5.4 Market size and forecast, by Services
- 8.3.6.5.5 Market size and forecast, by Application
- 8.3.6.6 Rest of Europe
- 8.3.6.6.1 Key market trends, growth factors and opportunities
- 8.3.6.6.2 Market size and forecast, by Capacity
- 8.3.6.6.3 Market size and forecast, by Installation
- 8.3.6.6.4 Market size and forecast, by Services
- 8.3.6.6.5 Market size and forecast, by Application
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Capacity
- 8.4.3 Asia-Pacific Market size and forecast, by Installation
- 8.4.4 Asia-Pacific Market size and forecast, by Services
- 8.4.5 Asia-Pacific Market size and forecast, by Application
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Key market trends, growth factors and opportunities
- 8.4.6.1.2 Market size and forecast, by Capacity
- 8.4.6.1.3 Market size and forecast, by Installation
- 8.4.6.1.4 Market size and forecast, by Services
- 8.4.6.1.5 Market size and forecast, by Application
- 8.4.6.2 Japan
- 8.4.6.2.1 Key market trends, growth factors and opportunities
- 8.4.6.2.2 Market size and forecast, by Capacity
- 8.4.6.2.3 Market size and forecast, by Installation
- 8.4.6.2.4 Market size and forecast, by Services
- 8.4.6.2.5 Market size and forecast, by Application
- 8.4.6.3 India
- 8.4.6.3.1 Key market trends, growth factors and opportunities
- 8.4.6.3.2 Market size and forecast, by Capacity
- 8.4.6.3.3 Market size and forecast, by Installation
- 8.4.6.3.4 Market size and forecast, by Services
- 8.4.6.3.5 Market size and forecast, by Application
- 8.4.6.4 South Korea
- 8.4.6.4.1 Key market trends, growth factors and opportunities
- 8.4.6.4.2 Market size and forecast, by Capacity
- 8.4.6.4.3 Market size and forecast, by Installation
- 8.4.6.4.4 Market size and forecast, by Services
- 8.4.6.4.5 Market size and forecast, by Application
- 8.4.6.5 Australia
- 8.4.6.5.1 Key market trends, growth factors and opportunities
- 8.4.6.5.2 Market size and forecast, by Capacity
- 8.4.6.5.3 Market size and forecast, by Installation
- 8.4.6.5.4 Market size and forecast, by Services
- 8.4.6.5.5 Market size and forecast, by Application
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Key market trends, growth factors and opportunities
- 8.4.6.6.2 Market size and forecast, by Capacity
- 8.4.6.6.3 Market size and forecast, by Installation
- 8.4.6.6.4 Market size and forecast, by Services
- 8.4.6.6.5 Market size and forecast, by Application
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Capacity
- 8.5.3 LAMEA Market size and forecast, by Installation
- 8.5.4 LAMEA Market size and forecast, by Services
- 8.5.5 LAMEA Market size and forecast, by Application
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Brazil
- 8.5.6.1.1 Key market trends, growth factors and opportunities
- 8.5.6.1.2 Market size and forecast, by Capacity
- 8.5.6.1.3 Market size and forecast, by Installation
- 8.5.6.1.4 Market size and forecast, by Services
- 8.5.6.1.5 Market size and forecast, by Application
- 8.5.6.2 South Africa,
- 8.5.6.2.1 Key market trends, growth factors and opportunities
- 8.5.6.2.2 Market size and forecast, by Capacity
- 8.5.6.2.3 Market size and forecast, by Installation
- 8.5.6.2.4 Market size and forecast, by Services
- 8.5.6.2.5 Market size and forecast, by Application
- 8.5.6.3 Saudi Arabia
- 8.5.6.3.1 Key market trends, growth factors and opportunities
- 8.5.6.3.2 Market size and forecast, by Capacity
- 8.5.6.3.3 Market size and forecast, by Installation
- 8.5.6.3.4 Market size and forecast, by Services
- 8.5.6.3.5 Market size and forecast, by Application
- 8.5.6.4 Rest of LAMEA
- 8.5.6.4.1 Key market trends, growth factors and opportunities
- 8.5.6.4.2 Market size and forecast, by Capacity
- 8.5.6.4.3 Market size and forecast, by Installation
- 8.5.6.4.4 Market size and forecast, by Services
- 8.5.6.4.5 Market size and forecast, by Application
CHAPTER 9: COMPANY LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Top player positioning, 2021
- 9.5. Competitive Dashboard
- 9.6. Competitive Heatmap
- 9.7. Key developments
CHAPTER 10: COMPANY PROFILES
- 10.1 Precision Drilling Corporation
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments
- 10.2 Ceem Canadian Energy Equipment Manufacturing FZE
- 10.2.1 Company overview
- 10.2.2 Key Executives
- 10.2.3 Company snapshot
- 10.2.4 Operating business segments
- 10.2.5 Product portfolio
- 10.2.6 Business performance
- 10.2.7 Key strategic moves and developments
- 10.3 Key Energy Services LLC.
- 10.3.1 Company overview
- 10.3.2 Key Executives
- 10.3.3 Company snapshot
- 10.3.4 Operating business segments
- 10.3.5 Product portfolio
- 10.3.6 Business performance
- 10.3.7 Key strategic moves and developments
- 10.4 Superior Energy Services, Inc.
- 10.4.1 Company overview
- 10.4.2 Key Executives
- 10.4.3 Company snapshot
- 10.4.4 Operating business segments
- 10.4.5 Product portfolio
- 10.4.6 Business performance
- 10.4.7 Key strategic moves and developments
- 10.5 Basic Energy Services, Inc.
- 10.5.1 Company overview
- 10.5.2 Key Executives
- 10.5.3 Company snapshot
- 10.5.4 Operating business segments
- 10.5.5 Product portfolio
- 10.5.6 Business performance
- 10.5.7 Key strategic moves and developments
- 10.6 Cudd Energy Services
- 10.6.1 Company overview
- 10.6.2 Key Executives
- 10.6.3 Company snapshot
- 10.6.4 Operating business segments
- 10.6.5 Product portfolio
- 10.6.6 Business performance
- 10.6.7 Key strategic moves and developments
- 10.7 National Oilwell Varco, Inc.
- 10.7.1 Company overview
- 10.7.2 Key Executives
- 10.7.3 Company snapshot
- 10.7.4 Operating business segments
- 10.7.5 Product portfolio
- 10.7.6 Business performance
- 10.7.7 Key strategic moves and developments
- 10.8 ARCHER
- 10.8.1 Company overview
- 10.8.2 Key Executives
- 10.8.3 Company snapshot
- 10.8.4 Operating business segments
- 10.8.5 Product portfolio
- 10.8.6 Business performance
- 10.8.7 Key strategic moves and developments
- 10.9 High Arctic Energy Services, Inc.
- 10.9.1 Company overview
- 10.9.2 Key Executives
- 10.9.3 Company snapshot
- 10.9.4 Operating business segments
- 10.9.5 Product portfolio
- 10.9.6 Business performance
- 10.9.7 Key strategic moves and developments
- 10.10 Halliburton Inc
- 10.10.1 Company overview
- 10.10.2 Key Executives
- 10.10.3 Company snapshot
- 10.10.4 Operating business segments
- 10.10.5 Product portfolio
- 10.10.6 Business performance
- 10.10.7 Key strategic moves and developments
- 10.11 Nabors Industries Ltd.
- 10.11.1 Company overview
- 10.11.2 Key Executives
- 10.11.3 Company snapshot
- 10.11.4 Operating business segments
- 10.11.5 Product portfolio
- 10.11.6 Business performance
- 10.11.7 Key strategic moves and developments