ROHSTOFF INTERNATIONAL

4:45 | 17.09.2020
Workover Rigs Market-Roadmap for Recovery from COVID-19 | Growing Demand For Oil And Natural Gas to boost the Market Growth | Technavio

Technavio has been monitoring the workover rigs market and it is poised to grow by $ 254.51 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005714/en/Technavio has announced its latest market research report titled Global Workover Rigs Market 2020-2024. (Graphic: Business Wire)Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: What are the major trends in the market?
Use of laser technology in workover operations is a major trend driving the growth of the market. At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 2.16% and the incremental growth of the market is anticipated to be $ 254.51 million.
Who are the top players in the market?
Basic Energy Services Inc., Bentec GmbH Drilling and Oilfield Systems, China National Petroleum Corp., Drillmec Spa, Nabors Industries Ltd., National Energy Services Reunited Corp., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd., are some of the major market participants.
What is the key market driver?
The growing demand for oil and natural gas is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 55% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Basic Energy Services Inc., Bentec GmbH Drilling and Oilfield Systems, China National Petroleum Corp., Drillmec Spa, Nabors Industries Ltd., National Energy Services Reunited Corp., National Oilwell Varco Inc., Precision Drilling Corp., Schlumberger Ltd., and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. The growing demand for oil and natural gas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.View market snapshot before purchasingTechnavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.Workover Rigs Market 2020-2024: Segmentation
Workover Rigs Market is segmented as below:

Application

Onshore

Offshore

Geography

North America

MEA

APAC

Europe

South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44023Workover Rigs Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The workover rigs market report covers the following areas:

Workover Rigs Market Size

Workover Rigs Market Trends

Workover Rigs Market Industry Analysis

This study identifies the use of laser technology in workover operations as one of the prime reasons driving the workover rigs market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platformWorkover Rigs Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024

Detailed information on factors that will assist workover rigs market growth during the next five years

Estimation of the workover rigs market size and its contribution to the parent market

Predictions on upcoming trends and changes in consumer behavior

The growth of the workover rigs market

Analysis of the market’s competitive landscape and detailed information on vendors

Comprehensive details of factors that will challenge the growth of workover rigs market vendors
Table of Contents:Executive SummaryMarket Landscape
Market ecosystem

Value chain analysis
Market Sizing
Market definition

Market segment analysis

Market size 2019

Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition
Market Segmentation by Application
Market segments

Comparison by Application

Onshore – Market size and forecast 2019-2024

Offshore – Market size and forecast 2019-2024

Market opportunity by Application
Customer landscapeGeographic Landscape
Geographic segmentation

Geographic comparison

North America – Market size and forecast 2019-2024

MEA – Market size and forecast 2019-2024

APAC – Market size and forecast 2019-2024

Europe – Market size and forecast 2019-2024

South America – Market size and forecast 2019-2024

Key leading countries

Market opportunity by geography

Market drivers

Market challenges

Market trends
Vendor Landscape
Vendor landscape

Landscape disruption

Competitive scenario
Vendor Analysis
Vendors covered

Market positioning of vendors

Basic Energy Services Inc.

Bentec GmbH Drilling and Oilfield Systems

China National Petroleum Corp.

Drillmec Spa

Nabors Industries Ltd.

National Energy Services Reunited Corp.

National Oilwell Varco Inc.

Precision Drilling Corp.

Schlumberger Ltd.

Yantai Jereh Oilfield Services Group Co. Ltd.
Appendix
Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200916005714/en/


NEWSLETTER

Abonnieren Sie jetzt unsere
Financial.de-Newsletter:
- Daily
- Weekly

WIRTSCHAFTSNACHRICHTEN

22:16 Uhr | 28.09.2020
Aktien New York Schluss: Erholung ...


22:06 Uhr | 28.09.2020
Kreise: Bund plant 50 Euro ...


22:05 Uhr | 28.09.2020
ROUNDUP/Kreise: Bund schlägt ...


21:47 Uhr | 28.09.2020
Kreise: Bund schlägt ...


21:39 Uhr | 28.09.2020
WDH/ROUNDUP 4/Zeitung: Trump ...