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Oil and Gas Surface Rental Equipment
Market, Supplier, Risk and
Competitive Intelligence

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Manage Oil and Gas Surface Rental Equipment Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Oil and Gas Surface Rental Equipment related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Oil and Gas Surface Rental Equipment to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Oil and Gas Surface Rental Equipment related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Oil and Gas Surface Rental Equipment to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Global Capacity–Demand Analysis
  • Global Trade Dynamics
  • Regional Market Snapshot-North America, Europe, Asia
  • Cost Structure Analysis

Market Size

Market Size North America

$9.12 Billion

Market Size Asia Pacific

$1.93 Billion

Market Size Europe

$1.26 Billion

Table of contents

  1. Executive Summary
  2. Executive Summary
  3. COVID-19 Impact

 

  1. COVID-19 Impact
  2. Advisory Insights
  3. Sourcing Location Watch
  4. Supplier Watch
  1. Market Analysis
  2. Global Market Overview for Oil & Gas Rental Equipment
  3. Global Market Overview for Oil & Gas - Surface Rental Equipment
  4. Market Drivers and Constraints
  5. Regional Market Outlook
  6. Porter’s Five Forces Analysis
  1. Cost Analysis and Breakup
  2. Cost Analysis
  3. Cost Breakup
  1. Engagement, Contract Practices and Contract types
  2. Industry Best Practices
  3. Contract Practices

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Market Overview for Oil & Gas - Surface Rental Equipment

  • The global market for rental equipment is estimated to be $17.42 billion
  • By 2023, it is expected to reach $19.12 billion with a CAGR of 1.5 percent from 2019

Global Oil & Gas Rental Equipment - Market Drivers and Constraints

Drivers

  • Increase in CAPEX spending is driving the demand for well completion and intervention services which leads to increase in demand for surface equipment for well testing.
  • High number on unfinished wells in US shale basin is expected to drive the demand for surface equipment as operators are under pressure to step up production from these shale wells
  • Rebounding oil prices comes as relief for several E&P operators in terms of increasing their exploration activity after a tough patch of low oil price.
  • Advancement in technologies related to surface equipment helps E&P operators optimizing operations like well testing, DST, well control etc

Constraints

  • Stringent environment & emission regulations are making the E&P/well completion & intervention activities costlier across several countries.
  • Major oil& gas assets in Australian Offshore, Gulf of Mexico, Canada are located in environmentally sensitive areas require state-of-art technology which comes with higher cost.

Oil & Gas Rental Equipment - Regional Market Outlook- United States

  • US, the largest market for oil & gas rental accounted for about 39% of the overall oilfield rental equipment demand .
  • Rattled by the budget cuts, Shale operators restricted the field development leading to higher number of unfinished wells. By Q2 2017, number of unfinished wells stood at 1,764.
  • With an urge to increase production from shale fields, the demand for oil & gas rental equipment is expected to increase significantly in 2018 and 2019 with Y-o-Y growth rate of 9.55 %
  • With increasing number of new players into rental market, E&P companies have a large pool of global and regional suppliers to the US market to choose from.

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