Oil & Gas Equipment & Services · Indirect
Monitoring · monthly
Procurement 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)

Supplier watchlist

6 tracked