The oilfield traveling blocks market size will record an incremental growth of $ 1.35 mn and a CAGR of 2% during 2020-2024.
This market report entails segmentation by application (Onshore and Offshore) and geography (North America, MEA, APAC, Europe, and South America). View our sample report to gather market insights on the segmentations.
The oilfield traveling blocks market report also analyzes the market’s competitive landscape and offers information on several market vendors, including Akastor ASA, Alco Inc., American Block Inc., Bentec GmbH Drilling and Oilfield Systems, Lee C. Moore, A Woolslayer Co., National Oilwell Varco Inc., Prospering International Inc., Sunnda Corp., The Crosby Group LLC, and Yantai Jereh Oilfield Services Group Co. Ltd..
What will the Oilfield Traveling Blocks Market Size be in 2020?
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Overview of Competitive Analysis
The oilfield traveling blocks market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies.
The market structure is fragmented. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this oilfield traveling blocks market analysis report. Factors such as the increasing active rig count | Rising investments in upstream oil and gas sector | Rise in the global demand for oil and gas | Discovery of new oil and gas resources will offer immense growth opportunities. The report also covers challenges and strategies to dodge them, which will help vendors in recreating their plan of action to obtain growth opportunities in the future.
To make the most of the opportunities, vendors should also capitalize on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post-COVID-19 impact on each product and service segments.
Which are the Key Regional Markets for Oilfield Traveling Blocks Market?
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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the oilfield traveling blocks market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The will significantly influence oilfield traveling blocks market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
47% of the market’s growth will originate from North America during the forecast period. US | Russian Federation | China | Canada | Saudi Arabia | India are the key markets for oilfield traveling blocks market in the region. This report provides estimations of the contribution of all regions to the growth of the oilfield traveling blocks market size.
What are the Key Factors Covered in this Oilfield Traveling Blocks Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive oilfield traveling blocks market growth during the next five years
- Precise estimation of the size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the oilfield traveling blocks market industry across North America, MEA, APAC, Europe, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of oilfield traveling blocks market vendors
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Oilfield Traveling Blocks Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2% |
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Market growth 2020-2024 |
$ 1.35 million |
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Market structure |
Fragmented |
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YoY growth (%) |
-7.93 |
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Regional analysis |
North America, MEA, APAC, Europe, and South America |
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Performing market contribution |
North America at 47% |
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Key consumer countries |
US, Russian Federation, China, Canada, Saudi Arabia, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Akastor ASA, Alco Inc., American Block Inc., Bentec GmbH Drilling and Oilfield Systems, Lee C. Moore, A Woolslayer Co., National Oilwell Varco Inc., Prospering International Inc., Sunnda Corp., The Crosby Group LLC, and Yantai Jereh Oilfield Services Group Co. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |