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