Global Horizontal Directional Drilling HDD Tools Market
Horizontal Directional Drilling HDD Equipment, commonly called directional boring, is a steerable trenchless method of installing underground pipes, conduits and cables in a shallow arc along a prescribed bore path by using a surface launched drilling rig, with minimal impact on the surrounding area. Directional boring is used when trenching or excavating is not practical. It is suitable for a variety of soil conditions and jobs including road, landscape, and river crossings.
In the coming years, there is an increasing demand for Horizontal Directional Drilling HDD Tools in the regions of North America and Europe that is expected to drive the market for more advanced Horizontal Directional Drilling HDD Tools. Growth in government budgets in the principal countries, increasing of telecommunication fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Horizontal Directional Drilling HDD Tools will drive growth in North America and Europe markets.
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Globally, the Horizontal Directional Drilling HDD Tools industry market is concentrated as the manufacturing technology of Horizontal Directional Drilling HDD Tools is relatively matures than some high-tech equipment. And some enterprises, like C Herrenknecht AG, Toro, XCMG, Vermeer, etc. are well-known for the wonderful performance of their Horizontal Directional Drilling HDD Tools and related services. At the same time, Asia-Pacific occupied 41% Horizontal Directional Drilling HDD Equipment sales market share in 2017, is remarkable in the global Horizontal Directional Drilling HDD Tools industry because of their lower cost of raw material and labor.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
According to this study, over the next five years, the Horizontal Directional Drilling HDD Tools market will register a 0.9% CAGR in terms of revenue, the global market size will reach US$ 200 million by 2024, from US$ 190 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Horizontal Directional Drilling HDD Tools business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Horizontal Directional Drilling HDD Tools market by product type, application, key manufacturers and key regions and countries.
This study considers the Horizontal Directional Drilling HDD Tools value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil and Gas
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Horizontal Directional Drilling HDD Tools consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Horizontal Directional Drilling HDD Tools market by identifying its various sub-segments.
Focuses on the key global Horizontal Directional Drilling HDD Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in next few years.
To analyze the Horizontal Directional Drilling HDD Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Horizontal Directional Drilling HDD Tools submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports