Global Oil and Gas Fishing Tools Market 2015-2019
Covering This market research provides a detailed analysis and segmentation of
the global oil and gas fishing tools market 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 geography (EMEA, APAC, and the Americas). Key vendors are
Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and
Weatherford International.
Market outlook
of the global oil and gas fishing tools market
The market research analysts estimate the global oil
and gas fishing tools market to show moderate growth during the forecast
period. Much of this growth can be attributed to the growing exploration and
production (E&P) activities, which is driven by the escalating demand for
energy from across the globe. Also, the recent increase in offshore drilling
and completion activities is envisaged to result in this markets healthy
revenue generation capacity of around USD 4 billion by 2019.
Geographically, the Americas are expected to account
for more than 59% of the total market share by 2019. The completion of
unconventional oil and gas resources coupled with the rise in exploration of
deep and ultra-deep water reserves that are commercially and economically
viable are some of the major factors that incite market growth in this region
during the forecast period.
Segmentation
by tool type and analysis of the oil and gas fishing tools market
- Internal & external catching
- Milling tools
- Jarring assemblies
- Junk baskets
- Accessories
- Remedial and repair
- Washover
- Drillpipe and casing cutters
- Safety joints
- Reverse units and power swivels
In this market research report, Publisher analysts
estimate the internal and external catching segment to dominate over all the
other segments during the forecast period. This segment is envisaged to account
for more than 21% of the total market share by 2019 and is heavily influenced
by factors like the recent increase in drilling and well completion activities.
Application-based
segmentation of the oil and gas fishing tools market
- Offshore
- Onshore
The market research analyst estimates the onshore
segment to be the largest market segment during the forecast period. The
prospects for growth in this segment are driven by factors like the increasing
focus on unconventional reserves like shale gas and tar sands reservoirs, which
results in its impressive market share of more than 65% by 2019.
Competitive
landscape and key vendors
This market is estimated to grow at a steady pace
during the forecast period and consists of numerous vendors due to its
high-growth potential. The launch of new products by the local vendors is
estimated to intensify the level of competition in this market as they offer
advantages like product customization features. Also, it has been estimated
that the companies that have a strong financial standing and substantial
technical expertise are expected to gain maximum traction in this market during
the forecast period.
Key vendors in
this market are -
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford International
Other prominent vendors 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.
Key questions
answered in the report include:
- What will the market size and the growth rate be in 2019
- What are the key factors driving the global oil and gas fishing tools market
- What are the key market trends impacting the growth of the global oil and gas fishing tools market
- What are the challenges to market growth
- Who are the key vendors in the global oil and gas fishing tools market
- What are the market opportunities and threats faced by the vendors in the global oil and gas fishing tools market
- Trending factors influencing the market shares of the EMEA, Americas, and APAC
- What are the key outcomes of the five forces analysis of the global oil and gas fishing tools market
Spanning over 98 pages “Global Oil and Gas Fishing Tools Market 2015-2019” report
covers Executive summary, Scope of the report, Market research methodology,
Introduction, Market description, Market landscape, Market segmentation by Tool
Type, Market segmentation by application, Geographical segmentatio, Key leading
countries, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.
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