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Global Oil and Gas Fishing Tools Market 2015-2019

Oil and Gas Fishing Tools Sector: Worldwide Forecast until 2019

  • November 2015
  • 98 pages
  • ID: 3424004
In this report:
The global oil and gas fishing tools market by reverse units and power swivels was valued at $##.## million in 2014 and is expected to reach $##.## million by 2019, growing at a CAGR of ##.##%.
The global oil and gas fishing tools market by drillpipe and casing cutters was valued at $##.## million in 2014 and is expected to reach $##.## million by 2019, growing at a CAGR of ##.##%.

Summary

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Global Oil and Gas Fishing Tools Market 2015-2019

Covering: This market research offers a in-depth analysis and division of the overall oil and gas fishing tools sector by tool type (internal & external catching, milling tools, jarring assemblies, junk baskets, accessories, remedial and repair, washover, drillpipe and casing cutters, safety joints, and reverse units and power swivels), by application (onshore and offshore), and by area (Europe, Middle East and Africa (EMEA), Asia-Pacific, and the whole Americas). Key sellers are Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford International.

Market outlook of the overall oil and gas fishing tools sector

Research firm market research analysts estimate the overall oil and gas fishing tools sector to show moderate growth during the estimate period. Much of this growth can be attributed to the increasing exploration and production activities, which is driven by the escalating demand for energy from across the world. Also, the new increase in offshore drilling and completion activities is envisaged to result in this market's healthy revenue generation capacity of around $4.0B by 2019.

Geographically, the whole Americas are anticipated to account for more than 59.0 percent of the global market share by 2019. The completion of unconventional oil and gas resources along the increase in exploration of deep and ultra-deep water reserves that are commercially and economically viable are some of the main factors that incite industry growth in this area during the outlook period.

Segmentation by tool type and analysis of the oil and gas fishing tools sector

In this market research report, Analysts estimate the internal and external catching segment to dominate over all the other segments during the estimate period. This industry segment is envisaged to account for more than 21.0 percent of the global market share by 2019 and is heavily influenced by factors such as the new increase in drilling and well completion activities.

Application-based division of the oil and gas fishing tools sector

- Offshore

- Onshore

Market research firm's market research analyst estimates the onshore segment to be the biggest market segment during the outlook period. The perspectives for increase in this industry segment are driven by factors such as the growing focus on unconventional reserves such as shale gas and tar sands reservoirs, which results in its impressive market share of more than 65.0 percent by 2019.

What is the current competitive panorama? Who are the main vendors?

This industry is forecasted to grow at a steady pace during the estimate period and consists of many merchants due to its high-growth potential. The launch of additional products by the local dealers is expected to intensify the level of competition in this sector as they offer advantages such as product customization features. Also, it has been estimated that the companies that have a strong financial standing and substantial technical expertise are anticipated to gain maximum traction in this industry during the outlook period.

Other main sellers analyzed in this market research are Bilco Tools, Logan Oil Tools, Magnum Oil Tool International, Oil Tools International Services Private, Schoeller Bleckmann Oilfield Equipment, and Wenzel Downhole Tools.

What are the main questions answered?n the market research

contain

- What will the market value and the increase rate be in 2019?

- What are the most significant drivers yielding the overall oil and gas fishing tools sector?

- What are the main segment trends affecting the growth of the overall oil and gas fishing tools sector?

- What are the conditions to market growth?

- Who are the main vendors in the overall oil and gas fishing tools sector?

- What are the opportunities in this industry and segment risks faced by the sellers in the overall oil and gas fishing tools sector?

- Trending factors influencing the market shares of the EMEA, Americas, and Asia-Pac?

- What are the main outcomes of the Porter 5 forces analysis of the overall oil and gas fishing tools sector?

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