Latin America Drilling Services Market (2023-2029) | Value, Size, Industry, Share, Growth, Analysis, Outlook, Revenue, Forecast & COVID-19 IMPACT

Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Service (Directional Drilling, Non-Directional Drilling), By Application (Onshore, Offshore), By End-User (Oil & Gas, Mining, Water Exploration, Others) And Competitive Landscape

Product Code: ETC399832 Publication Date: Feb 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 250 No. of Figures: 50 No. of Tables: 25

Latin America Drilling Services Market Synopsis

The Latin America Drilling Services Market has experienced significant growth and it is projected to experience more growth over the forecast period owing to the rising demand for energy, and the requirement for production and exploration activities in the continent.

According to 6Wresearch, the Latin America Drilling Services Market size is anticipated to grow at a higher growth rate during 2023-2029. The drilling services market in Latin America has seen faster growth in recent years, which is driven by the rising demand for energy and the requirement for exploration as well as production activities in the continent. The market covers a wide range of drilling services, like onshore drilling, directional drilling, offshore drilling, and well completion services.

Nations like Brazil, Argentina, and Mexico are the key players in the sector, owing to their large reserves of oil and gas as well as the presence of international oil and gas players in these nations. The growth of shale gas reserves in the continent is also boosting the market growth. The sector is becoming an essential sector in the region and it is ready to accomplish more growth in the years to come owing to the essential role it plays in many other sectors.

The challenges that the sector in the region is facing are environmental regulations and concerns, economic and political instability, and limited access to financing. These challenges are limiting the growth of the market in the region. The Latin America Drilling Services Market share is increasing and it is an indication that the market will progress in the coming years.

Latin America Drilling Services Market Highlights

 Report Name Latin America Drilling Services Market
 Base Year 2022
 Historical Period 2019-2022
 Forecast Period 2023-2029
 Market Size Value XXXX
 Revenue Forecast XXXX
 Growth Rate XXXX
 Report Coverage Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
 Segment Coverage By Country, By Service, By Application, By End-User
 Countries Covered Brazil, Mexico, Argentina, Rest of Latin America
 Customization Scope 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com 
 Pricing and Purchase Options Avail customization purchase option to know the exact pricing of your research needs

 

COVID-19 Impact on Latin America Drilling Services Market

The health emergency caused by the coronavirus pandemic outbreak adversely affected many economies and industries across the world. Many markets in the world suffered a huge loss of operations due to the imposition of strict policies like lockdown in order to curb the virus transmission. The pandemic affected the development of the Latin America Drilling Services Market as this market is an non-essential market and the demand for drilling services decreased during the pandemic. The lockdown led to the closure of the market since it became essential for every non-essential sector to follow the lockdown guidelines.

Market Analysis by Countries

Based on countries, the Drilling Services Market in Latin America is classified into Brazil, Mexico, Argentina, and the Rest Of Latin America. The demand for drilling services is rising from every country in Latin America.

Market Analysis by Service

Based on service, the Latin America Drilling Services Industry is classified into Directional Drilling and Non-Directional Drilling. The directional drilling service segment is projected to witness higher growth owing to the rising production from technical wells in unconventional formations.

Market Analysis by Application

Based on application, the sector is classified into Onshore and Offshore. The onshore application segment is projected to dominate the sector owing to the development of different infrastructure, lower extraction costs, and new bulk potential reserves.

Market Analysis by End-User

Based on end-user, the sector is classified into Oil & Gas, Mining, Water Exploration, and Others. The mining segment is projected to grow owing to the implementation of different strategies.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Latin America Drilling Services Market Outlook
  • Market Size of Latin America Drilling Services Market, 2022
  • Forecast of Latin America Drilling Services Market, 2029
  • Historical Data and Forecast of Latin America Drilling Services Revenues & Volume for the Period 2019 - 2029
  • Latin America Drilling Services Market Trend Evolution
  • Latin America Drilling Services Market Drivers and Challenges
  • Latin America Drilling Services Price Trends
  • Latin America Drilling Services Porter's Five Forces
  • Latin America Drilling Services Industry Life Cycle
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Service for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Non-Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Service for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Non-Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Service for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Non-Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Service for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Non-Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Service for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Non-Directional Drilling for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Onshore for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Offshore for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Onshore for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Offshore for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Onshore for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Offshore for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Onshore for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Offshore for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Application for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Onshore for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Offshore for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By End-User for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Mining for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Water Exploration for the Period 2019 - 2029
  • Historical Data and Forecast of Latin America Drilling Services Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By End-User for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Mining for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Water Exploration for the Period 2019 - 2029
  • Historical Data and Forecast of Brazil Drilling Services Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By End-User for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Mining for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Water Exploration for the Period 2019 - 2029
  • Historical Data and Forecast of Mexico Drilling Services Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By End-User for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Mining for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Water Exploration for the Period 2019 - 2029
  • Historical Data and Forecast of Argentina Drilling Services Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By End-User for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Mining for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Water Exploration for the Period 2019 - 2029
  • Historical Data and Forecast of Rest of Latin America Drilling Services Market Revenues & Volume By Others for the Period 2019 - 2029
  • Latin America Drilling Services Market - Key Performance Indicators
  • Latin America Drilling Services Market - Import Export Trade Statistics
  • Latin America Drilling Services Market - Opportunity Assessment By Countries
  • Latin America Drilling Services Market - Opportunity Assessment By Service
  • Latin America Drilling Services Market - Opportunity Assessment By Application
  • Latin America Drilling Services Market - Opportunity Assessment By End-User
  • Latin America Drilling Services Market - Top Companies Market Share
  • Latin America Drilling Services Market - Top Companies Profiles
  • Latin America Drilling Services Market - Comparison of Players in Technical and Operating Parameters
  • Latin America Drilling Services Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

  • Brazil
  • Mexico
  • Argentina
  • Rest Of Latin America

By Service

  • Directional Drilling
  • Non-Directional Drilling

By Application

  • Onshore
  • Offshore

By End-User

  • Oil & Gas
  • Mining
  • Water Exploration
  • Others
Latin America Drilling Services Market: FAQs
The Latin America Drilling Services Market has experienced significant growth and it is projected to experience more growth over the forecast period owing to the rising demand for energy, and the requirement for production and exploration activities in the continent.
The market covers a wide range of drilling services, like onshore drilling, directional drilling, offshore drilling, and well completion services.
The sector is driven by the rising demand for energy and the requirement for exploration as well as production activities in the continent.
The challenges that the sector in the region is facing are environmental regulations and concerns, economic and political instability, and limited access to financing.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Latin America Drilling Services Market Overview
3.1 Latin America Regional Macro Economic Indicators
3.2 Latin America Drilling Services Market Revenues & Volume, 2022 & 2029F
3.3 Latin America Drilling Services Market - Industry Life Cycle
3.4 Latin America Drilling Services Market - Porter's Five Forces
3.5 Latin America Drilling Services Market Revenues & Volume Share, By Countries, 2022 & 2029F
3.6 Latin America Drilling Services Market Revenues & Volume Share, By Service, 2022 & 2029F
3.7 Latin America Drilling Services Market Revenues & Volume Share, By Application, 2022 & 2029F
3.8 Latin America Drilling Services Market Revenues & Volume Share, By End-User, 2022 & 2029F
4 Latin America Drilling Services Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Latin America Drilling Services Market Trends
6 Latin America Drilling Services Market, 2019 - 2029
6.1 Latin America Drilling Services Market, Revenues & Volume, By Service, 2019 - 2029
6.2 Latin America Drilling Services Market, Revenues & Volume, By Application, 2019 - 2029
6.3 Latin America Drilling Services Market, Revenues & Volume, By End-User, 2019 - 2029
7 Brazil Drilling Services Market, 2019 - 2029
7.1 Brazil Drilling Services Market, Revenues & Volume, By Service, 2019 - 2029
7.2 Brazil Drilling Services Market, Revenues & Volume, By Application, 2019 - 2029
7.3 Brazil Drilling Services Market, Revenues & Volume, By End-User, 2019 - 2029
8 Mexico Drilling Services Market, 2019 - 2029
8.1 Mexico Drilling Services Market, Revenues & Volume, By Service, 2019 - 2029
8.2 Mexico Drilling Services Market, Revenues & Volume, By Application, 2019 - 2029
8.3 Mexico Drilling Services Market, Revenues & Volume, By End-User, 2019 - 2029
9 Argentina Drilling Services Market, 2019 - 2029
9.1 Argentina Drilling Services Market, Revenues & Volume, By Service, 2019 - 2029
9.2 Argentina Drilling Services Market, Revenues & Volume, By Application, 2019 - 2029
9.3 Argentina Drilling Services Market, Revenues & Volume, By End-User, 2019 - 2029
10 Rest of Latin America Drilling Services Market, 2019 - 2029
10.1 Rest of Latin America Drilling Services Market, Revenues & Volume, By Service, 2019 - 2029
10.2 Rest of Latin America Drilling Services Market, Revenues & Volume, By Application, 2019 - 2029
10.3 Rest of Latin America Drilling Services Market, Revenues & Volume, By End-User, 2019 - 2029
11 Latin America Drilling Services Market Key Performance Indicators
12 Latin America Drilling Services Market - Opportunity Assessment
12.1 Latin America Drilling Services Market Opportunity Assessment, By Countries, 2022 & 2029F
12.2 Latin America Drilling Services Market Opportunity Assessment, By Service, 2022 & 2029F
12.3 Latin America Drilling Services Market Opportunity Assessment, By Application, 2022 & 2029F
12.4 Latin America Drilling Services Market Opportunity Assessment, By End-User, 2022 & 2029F
13 Latin America Drilling Services Market - Competitive Landscape
13.1 Latin America Drilling Services Market Revenue Share, By Companies, 2022
13.2 Latin America Drilling Services Market Competitive Benchmarking, By Operating and Technical Parameters
14 Company Profiles
15 Recommendations
16 Disclaimer
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