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 industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of crown block is evaluated at USD 1.72 billion.
The crown block market size was valued at USD 1.65 billion in 2024 and is expected to reach USD 3.23 billion by 2037, registering around 5.3% CAGR during the forecast period i.e., between 2025-2037. Declining cost of raw materials, advancement in crown block technologies, and increasing use in the oil and gas industry will boost the market growth.
Europe industry is anticipated to account for largest revenue share of 35% by 2037, due to growing construction sector, new and cutting-edge technologies in the region.
The major players in the market include Nabors Industries Ltd, Zhongman Petroleum Equipment Group Co. Ltd, Boart Longyear, VAALCO Energy, Inc., Chevron Corporation
