Mining Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Drilling Rigs - Production Mining
Overview
Market size
$11.0B
global, USD
CAGR
5.8%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
5 high severity
Market outlook
2031$14.6B
What changed
Demand by region
North America demand30%
Asia Pacific demand28%
Latin America demand18%
Middle East & Africa demand14%
Europe demand10%
share of global demandtotal 100%
Cost drivers
Structural, pipe, and cast carbon steels35%
High-nickel alloy stainless steel and specialized downhole tooling25%
Direct manufacturing labor and mechanical assembly20%
Advanced automated instrumentation and semiconductor substrates12%
Logistics, heavy freight, and global delivery8%
share of delivered cost (analyst estimate)