Mining, Oil & Gas Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Drilling Rigs
Overview
Market size
$142.0B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$183.0B
What changed
Demand by region
North America demand35%
Middle East & Africa demand25%
Asia Pacific demand15%
Latin America demand15%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Raw Materials and Carbon Steel35%
Labor and Technical Engineering30%
Equipment and Fluid Systems Maintenance15%
Overhead and Macroeconomic Volatility Buffer11%
Logistics and Regional Deployment9%
share of delivered cost (analyst estimate)