What is the study period of Workover Rigs Market market?

The workover rigs market is studied from 2018-2028. <a href='https://www.technavio.com/report/workover-rigs-market-industry-analysis'>Read More</a>

Which region is expected to show the highest market share in the Workover Rigs Market market?

North America is to show the highest market share with 49% contribution. <a href='https://www.technavio.com/report/workover-rigs-market-industry-analysis'>Read More</a>

What are the major market players covered in the report?

Baker Hughes Co., Cactus Inc., Deep Industries Ltd., Ensign Energy Services Inc., Estrella International Energy Services Ltd., Halliburton Co., INDEPENDENCE CONTRACT DRILLING INC., L and .... <a href='https://www.technavio.com/report/workover-rigs-market-industry-analysis'>Read More</a>

What is the current size of the Workover Rigs Market market?

workover rigs market will increase $ 437.19 mn during 2024-2028. <a href='https://www.technavio.com/report/workover-rigs-market-industry-analysis'>Read More</a>

What is the Year-Over-Year Growth Rate of Market 2024-2028?

4.33% is the year-over-year Growth of Market. <a href='https://www.technavio.com/report/workover-rigs-market-industry-analysis'>Read More</a>

Workover Rigs Market Analysis North America, Middle East and Africa, APAC, Europe, South America - US, Canada, Saudi Arabia, China, Russia - Size and Forecast 2024-2028

Published: Feb 2024
Pages: 166
SKU: IRTNTR44023

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Workover Rigs Market Size 2024-2028

The Workover Rigs Market size is forecast to increase by USD 437.19 million, at a CAGR of 4.47% between 2023 and 2028. The market for workover operations is experiencing notable growth driven by advancements such as the adoption of laser technology, intelligent well-completion technologies, and automated workover rigs. Laser technology is gaining endorsement for its precision and efficiency in enhancing well intervention processes. Intelligent well-completion technologies are revolutionizing operations by optimizing reservoir performance and production efficiency. The emergence of automated workover rigs is streamlining operations, reducing downtime, and enhancing safety protocols. These innovations are reshaping the landscape of workover operations, catering to the increasing demand for efficiency, safety, and cost-effectiveness in the oil and gas industry. As technology continues to evolve, stakeholders are focusing on integrating these advancements to meet the challenges of modern well intervention and maximize hydrocarbon recovery.

Market Overview :

Onshore is fastest-growing segment during the forecast year
The onshore was the largest segment and was valued at USD 1.34 billion in 2018
North America is is most dominating region during the forecast period
It also includes an in-depth analysis of the efforts to increase oil and gas production from mature fields, the emergence of automated workover rigs, and the advent of rigless well intervention and abandonment technologies

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Market Trends

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global workover rigs market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global workover rigs market 2018 - 2022 ($ million)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)

4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Onshore - Market size and forecast 2023-2028
- Exhibit 34: Chart on Onshore - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Onshore - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Onshore - Year-over-year growth 2023-2028 (%)

6.4 Offshore - Market size and forecast 2023-2028
- Exhibit 38: Chart on Offshore - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Offshore - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Offshore - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type

7.3 Single drum - Market size and forecast 2023-2028
- Exhibit 48: Chart on Single drum - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Single drum - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Single drum - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Single drum - Year-over-year growth 2023-2028 (%)

7.4 Double drum - Market size and forecast 2023-2028
- Exhibit 52: Chart on Double drum - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Double drum - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Double drum - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Double drum - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ million)
- Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 67: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Canada - Market size and forecast 2023-2028
- Exhibit 87: Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.10 Saudi Arabia - Market size and forecast 2023-2028
- Exhibit 91: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)

9.11 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.12 Russia - Market size and forecast 2023-2028
- Exhibit 99: Chart on Russia - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Russia - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Russia - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Russia - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Baker Hughes Co.
- Exhibit 111: Baker Hughes Co. - Overview
- Exhibit 112: Baker Hughes Co. - Business segments
- Exhibit 113: Baker Hughes Co. - Key news
- Exhibit 114: Baker Hughes Co. - Key offerings
- Exhibit 115: Baker Hughes Co. - Segment focus

12.4 Cactus Inc.
- Exhibit 116: Cactus Inc. - Overview
- Exhibit 117: Cactus Inc. - Product / Service
- Exhibit 118: Cactus Inc. - Key offerings

12.5 Ensign Energy Services Inc.
- Exhibit 119: Ensign Energy Services Inc. - Overview
- Exhibit 120: Ensign Energy Services Inc. - Business segments
- Exhibit 121: Ensign Energy Services Inc. - Key offerings
- Exhibit 122: Ensign Energy Services Inc. - Segment focus

12.6 Halliburton Co.
- Exhibit 123: Halliburton Co. - Overview
- Exhibit 124: Halliburton Co. - Business segments
- Exhibit 125: Halliburton Co. - Key news
- Exhibit 126: Halliburton Co. - Key offerings
- Exhibit 127: Halliburton Co. - Segment focus

12.7 INDEPENDENCE CONTRACT DRILLING INC.
- Exhibit 128: INDEPENDENCE CONTRACT DRILLING INC. - Overview
- Exhibit 129: INDEPENDENCE CONTRACT DRILLING INC. - Product / Service
- Exhibit 130: INDEPENDENCE CONTRACT DRILLING INC. - Key offerings

12.8 MB Holding Co. LLC
- Exhibit 131: MB Holding Co. LLC - Overview
- Exhibit 132: MB Holding Co. LLC - Product / Service
- Exhibit 133: MB Holding Co. LLC - Key offerings

12.9 MFF OILFIELD GROUP.
- Exhibit 134: MFF OILFIELD GROUP. - Overview
- Exhibit 135: MFF OILFIELD GROUP. - Product / Service
- Exhibit 136: MFF OILFIELD GROUP. - Key offerings

12.10 MND
- Exhibit 137: MND - Overview
- Exhibit 138: MND - Product / Service
- Exhibit 139: MND - Key offerings

12.11 Nabors Industries Ltd.
- Exhibit 140: Nabors Industries Ltd. - Overview
- Exhibit 141: Nabors Industries Ltd. - Business segments
- Exhibit 142: Nabors Industries Ltd. - Key news
- Exhibit 143: Nabors Industries Ltd. - Key offerings
- Exhibit 144: Nabors Industries Ltd. - Segment focus

12.12 OiLSERV
- Exhibit 145: OiLSERV - Overview
- Exhibit 146: OiLSERV - Product / Service
- Exhibit 147: OiLSERV - Key offerings

12.13 PR Marriott Drilling Ltd.
- Exhibit 148: PR Marriott Drilling Ltd. - Overview
- Exhibit 149: PR Marriott Drilling Ltd. - Product / Service
- Exhibit 150: PR Marriott Drilling Ltd. - Key offerings

12.14 Precision Drilling Corp.
- Exhibit 151: Precision Drilling Corp. - Overview
- Exhibit 152: Precision Drilling Corp. - Business segments
- Exhibit 153: Precision Drilling Corp. - Key offerings
- Exhibit 154: Precision Drilling Corp. - Segment focus

12.15 Schlumberger Ltd.
- Exhibit 155: Schlumberger Ltd. - Overview
- Exhibit 156: Schlumberger Ltd. - Business segments
- Exhibit 157: Schlumberger Ltd. - Key news
- Exhibit 158: Schlumberger Ltd. - Key offerings
- Exhibit 159: Schlumberger Ltd. - Segment focus

12.16 Total Energy Services Inc.
- Exhibit 160: Total Energy Services Inc. - Overview
- Exhibit 161: Total Energy Services Inc. - Business segments
- Exhibit 162: Total Energy Services Inc. - Key offerings
- Exhibit 163: Total Energy Services Inc. - Segment focus

12.17 Transcontinental Energy Services LLC
- Exhibit 164: Transcontinental Energy Services LLC - Overview
- Exhibit 165: Transcontinental Energy Services LLC - Product / Service
- Exhibit 166: Transcontinental Energy Services LLC - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources