The Oil And Gas Wells Drilling Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Oil And Gas Wells Drilling Services Market?
The market size for oil and gas wells drilling services has seen significant growth lately, increasing from $146.89 billion in 2024 to an estimated $155.3 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Oil And Gas Wells Drilling Services Industry?
By 2029, the Oil And Gas Wells Drilling Services Global Market is projected to reach $186.27 billion, growing at a compound annual growth rate (CAGR) of 4.7%.
Download Your Free Sample of the 2025 Oil And Gas Wells Drilling Services Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Oil And Gas Wells Drilling Services Market?
The key drivers in the oil and gas wells drilling services market are:
• Transition to renewable energy fueling demand for unconventional resources
• Emphasis on environmental sustainability goals
• Growth and expansion in the natural gas market
• Increased focus on safety and risk mitigation in drilling operations
Global Market Segmentation: Identifying Major Oil And Gas Wells Drilling Services Industry Segments
The oil and gas wells drilling services market covered in this report is segmented –
1) By Type: Onshore Drilling Services, Offshore Drilling Services
2) By Service: Directional Drilling, Non-Directional Drilling
3) By Machine Parts: Rigs, Pipes, Bits, Reamers, Other Machine Parts
Pre-order the 2025 Oil And Gas Wells Drilling Services Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Oil And Gas Wells Drilling Services Market?
The key trends in the oil and gas wells drilling services market are:
• Digitalization and automation in drilling are defining trends in the market.
• Technological advancements in drilling techniques are increasingly shaping the future of the market.
• The use of digitalization and data analytics in the sector is on the rise.
• The oil and gas wells drilling market is experiencing growing demand for directional drilling and rig automation.
Who Are the Top Competitors & Leading Players in the Oil And Gas Wells Drilling Services Market?
Major companies in the oil and gas wells drilling services market are:
• Saudi Arabian Oil Company
• Exxon Mobil Corporation
• China National Petroleum Corporation
• TotalEnergies SE
• Chevron Corporation
• Eni S.p.A.
• Petróleo Brasileiro S.A.
• Petrobras
• Repsol YPF S.A.
• ConocoPhillips
• China National Offshore Oil Corporation Limited
• Schlumberger Limited
• Baker Hughes Incorporated
• Halliburton Company
• Saipem S.p.A.
• National Oilwell Varco Inc.
• China Oilfield Services Limited
• Weatherford International plc
• Gazprom Neft Public Joint Stock Company
• Nabors Industries Ltd.
• Transocean Limited
• Helmerich & Payne Inc.
• Noble Corporation
• Diamond Offshore Drilling Inc.
• Rowan Companies Inc.
• Valaris PLC
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the oil and gas wells drilling services market in 2024
