Oilfield Equipment Rental Market Report by Equipment (Drilling, Pressure & Flow Control, and Others), Application (Onshore, Offshore), and Region 2024-2032
The global oilfield equipment rental market size reached US$ 25 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The market is experiencing steady growth driven by fluctuating oil prices which is compelling companies to rent rather than purchase equipment, the growing demand for advanced, high-performance equipment, especially in technologically developing regions, and continuous technological advancements such as horizontal drilling and hydraulic fracturing.
Read More: https://www.imarcgroup.com...
The global oilfield equipment rental market size reached US$ 25 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The market is experiencing steady growth driven by fluctuating oil prices which is compelling companies to rent rather than purchase equipment, the growing demand for advanced, high-performance equipment, especially in technologically developing regions, and continuous technological advancements such as horizontal drilling and hydraulic fracturing.
Read More: https://www.imarcgroup.com...
Oilfield Equipment Rental Market Size & Forecast - 2032
The global oilfield equipment rental market reached a value of US$ 25 Billion in 2023 and grow at a CAGR of 3.4% to reach US$ 34 Billion by 2032.
https://www.imarcgroup.com/oilfield-equipment-rental-market
15 days ago
