Crown Block Market Size & Share, by Type (Onshore, Offshore); Application (Under 30T, 30T-100T, Above 100T) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 1357
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Companies Dominating the Crown Block Market

    • Nabors Industries Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Zhongman Petroleum Equipment Group Co. Ltd
    • Boart Longyear
    • VAALCO Energy, Inc.
    • Chevron Corporation

Browse Key Market Insights with Data Illustration:


In The News

  • On March 9, 2023, there was encouraging news from Kuwait after passing the pre-qualification of PEMEX Equipment Supply and Equipment Leasing. The pre-qualification process for providing drilling rigs and rig parts by Kuwait Oil Company (KOC) was successfully completed by Zhongman Petroleum Equipment Group Co. Ltd. (ZPEC), creating the groundwork for ZPEC's entry into the Kuwaiti market.
  • A new LM Deephole underground drilling rig has been launched by Boart Longyear, the top global supplier of drilling services, tools, and equipment. Boart Longyear continues to provide products with productivity, dependability, and safety that dominate the industry. With the addition of a new PQ drill head, the new rig will expand upon the existing well-liked LM110 and Nitro-ChuckTM platforms. For NQ size, the drill will enable a 50% improvement in drilling depth. The rig is equipped with a rod handler for increased safety and, like all LM drills, can be controlled remotely via the DCiTM (Drill Control Interface).

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 1357
  • Published Date: Nov 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Declining cost of raw materials, advancement in crown block technologies, and increasing use in the oil and gas industry are some of the factors driving the market growth.

The market size of crown block is anticipated to attain a CAGR of 2% over the forecast period, i.e., 2024-2036.

The onshore segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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