Oil & Gas Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Onshore Drilling Rigs
Overview
Market size
$31.0B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$38.1B
What changed
Demand by region
North America demand45%
Middle East and Africa demand25%
Asia Pacific demand15%
Latin America demand10%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Labor and specialized crew wages35%
Equipment maintenance and capital depreciation25%
Fuel and power generation18%
Steel fabrication and tubular drill pipe12%
Overhead and mobilization logistics10%
share of delivered cost (analyst estimate)