The global rig and oilfield mats market is estimated to be valued
at US$ 1,365.7 Mn by 2018 end and reach US$ 2,133.9 Mn by the end of
2028, expanding at a CAGR of 4.6% over the forecast period. The
global rig and oilfield mats market is anticipated to represent an
incremental opportunity of US$ 768.2 Mn between 2018 and 2028 and
thus, is expected to be a high volume – high value – high growth
market.
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Furthermore, the global demand for rig and oilfield mats will also be influenced by rising exploration and production and drilling operations in the oil and gas industry. Growing population and increasing demand for electrification will drive the installation of rig and oilfield mats in electrical T&D constructions and wind turbines. These projects will enhance the demand for rig and oilfield mats during the forecast period.
Rig and oilfield mats are being adopted by a large number of oil and gas and electrical installation operators worldwide. Rig and oilfield mats are deployed based on the operation condition as well as budget. Wind turbines are witnessing high installation and growing demand for green energy production and consumption will further increase their demand. Growing demand for green energy production and consumption is leading to the growth of global rig and oilfield mats market in countries, such as the U.S., China, Brazil, India, Germany, the U.K. and Netherlands. Growing focus on establishing manufacturing and distribution units for rig and oilfield mats and increasing investments in developing countries of Asia by end-use industries will boost the demand for rig and oilfield mats over the coming years.
Global Rig and Oilfield Mats Market: Segmental Insights
Based on product type, composite mats and metal mats will continue to dominate the rig and oilfield mats market in terms of global market share and are expected to account for approximately 37.6% and 40% shares, respectively, by the end of 2028.
Based on end use, the oil and gas industry will continue to dominate the rig and oilfield mats global market and is expected to account for US$ XX Mn by 2028 end. The demand for rig and oilfield mats in electrical T&D construction, wind and infrastructure construction is expected to grow faster in developing regions, such as APEC, China and Latin America.
In 2018, North America is estimated to be the most lucrative region in the global rig and oilfield mats market and is likely to hold more than 35% of the global market share. Further, advancements in skid proof composite mats will drive the demand for rig and oilfield mats in Western Europe, North America, China and APEC.
Increasing demand for rig and oilfield mats in the coming years will influence prominent manufacturers to collaborate with regional distributors and suppliers for expanding their business. Newpark Resources Inc, Strad Energy Services Ltd., Horizon North Logistics Inc., Signature Systems Group, Checkers Group, Rig Mats of America, Inc., MaXXiMaT, BRIDGEWELL RESOURCES and PortaFloor are some of the key players in the global rig and oilfield mats market.
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In terms of market value, the global rig and oilfield mats market is forecast to register 4.6% CAGR and is expected to create absolute $ opportunity worth US$ 768.2 Mn during the forecast period. North America and Western Europe are likely to witness maximum adoption of rig and oilfield mats. These regions will grow at a CAGR of 5% and 4.7% respectively over the forecast period.
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Furthermore, the global demand for rig and oilfield mats will also be influenced by rising exploration and production and drilling operations in the oil and gas industry. Growing population and increasing demand for electrification will drive the installation of rig and oilfield mats in electrical T&D constructions and wind turbines. These projects will enhance the demand for rig and oilfield mats during the forecast period.
Rig and oilfield mats are being adopted by a large number of oil and gas and electrical installation operators worldwide. Rig and oilfield mats are deployed based on the operation condition as well as budget. Wind turbines are witnessing high installation and growing demand for green energy production and consumption will further increase their demand. Growing demand for green energy production and consumption is leading to the growth of global rig and oilfield mats market in countries, such as the U.S., China, Brazil, India, Germany, the U.K. and Netherlands. Growing focus on establishing manufacturing and distribution units for rig and oilfield mats and increasing investments in developing countries of Asia by end-use industries will boost the demand for rig and oilfield mats over the coming years.
Global Rig and Oilfield Mats Market: Segmental Insights
Based on product type, composite mats and metal mats will continue to dominate the rig and oilfield mats market in terms of global market share and are expected to account for approximately 37.6% and 40% shares, respectively, by the end of 2028.
Based on end use, the oil and gas industry will continue to dominate the rig and oilfield mats global market and is expected to account for US$ XX Mn by 2028 end. The demand for rig and oilfield mats in electrical T&D construction, wind and infrastructure construction is expected to grow faster in developing regions, such as APEC, China and Latin America.
In 2018, North America is estimated to be the most lucrative region in the global rig and oilfield mats market and is likely to hold more than 35% of the global market share. Further, advancements in skid proof composite mats will drive the demand for rig and oilfield mats in Western Europe, North America, China and APEC.
Increasing demand for rig and oilfield mats in the coming years will influence prominent manufacturers to collaborate with regional distributors and suppliers for expanding their business. Newpark Resources Inc, Strad Energy Services Ltd., Horizon North Logistics Inc., Signature Systems Group, Checkers Group, Rig Mats of America, Inc., MaXXiMaT, BRIDGEWELL RESOURCES and PortaFloor are some of the key players in the global rig and oilfield mats market.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/rig-and-oilfield-mats-market-global-industry-analysis-2013-2017-and-opportunity-assessment-2018-2028-report.html/toc
In terms of market value, the global rig and oilfield mats market is forecast to register 4.6% CAGR and is expected to create absolute $ opportunity worth US$ 768.2 Mn during the forecast period. North America and Western Europe are likely to witness maximum adoption of rig and oilfield mats. These regions will grow at a CAGR of 5% and 4.7% respectively over the forecast period.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
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