Oilfield Equipment Rental Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Equipment (Drilling Rigs, Completion and Workover Rigs, Drilling Equipment, Logging Equipment, Pressure Pumping Equipment, and Other Equipment), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa)

Oilfield Equipment Rental Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Oil Field Rental Services Market Size

Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.10 %
Fastest Growing Market Middle-East and Africa
Largest Market North America

Major Players

*Disclaimer: Major Players sorted in no particular order

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Oil Field Rental Services Market Analysis

The Oilfield Equipment Rental Services Market is expected to register a CAGR of greater than 5.1% during the forecast period.

  • The drilling rigs segment is likely to dominate the market during the forecast period, due to the increasing exploration and production activities.
  • Advancements in the deepwater and ultra-deepwater drilling activities in the region like Brazil, Norway, United Kingdom is expected to create amble opportunity for the market players in the coming years.
  • North America is expected to be the largest market for the oilfield rental services market with major demand expected to be coming from countries like United States, Canada, etc.

Oil Field Rental Services Industry Overview

The oilfield equipment rental services market is partially fragmented. Some of key players in this market include Transocean Ltd, Seadrill Ltd, Schlumberger Limited, Baker Hughes Company, and Weatherford International PLC.

Oil Field Rental Services Market Leaders

  1. Transocean Ltd

  2. Seadrill Ltd

  3. Schlumberger Limited

  4. Baker Hughes Company

  5. Weatherford International PLC

  6. *Disclaimer: Major Players sorted in no particular order
Oilfield and Equipment - Market Concentration.PNG
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Oil Field Rental Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD billion, till 2025
  • 4.3 Onshore and Offshore CAPEX Forecast, in USD billion, till 2025
  • 4.4 Major Upcoming Upstream Projects
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 Porter's Five Forces Analysis
    • 4.9.1 Bargaining Power of Suppliers
    • 4.9.2 Bargaining Power of Consumers
    • 4.9.3 Threat of New Entrants
    • 4.9.4 Threat of Substitutes Products and Services
    • 4.9.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Equipment
    • 5.1.1 Drilling Rigs
    • 5.1.2 Completion and Workover Rigs
    • 5.1.3 Drilling Equipment
    • 5.1.4 Logging Equipment
    • 5.1.5 Pressure Pumping Equipment
    • 5.1.6 Other Equipment
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.2 Europe
    • 5.2.3 Asia-Pacific
    • 5.2.4 South America
    • 5.2.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Transocean Ltd
    • 6.3.2 Seadrill Ltd
    • 6.3.3 Valaris PLC
    • 6.3.4 Noble Corporation PLC
    • 6.3.5 Weatherford International PLC
    • 6.3.6 Superior Energy Services Inc.
    • 6.3.7 Schlumberger Limited
    • 6.3.8 Baker Hughes Company
    • 6.3.9 Oil States International Inc.
    • 6.3.10 KLX Energy Services
    • 6.3.11 Key Energy Services Inc.
    • 6.3.12 Patterson-UTI Energy Inc.
    • 6.3.13 Nabors Industries Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Oil Field Rental Services Industry Segmentation

The oilfield equipment rental services market report include:

Equipment Drilling Rigs
Completion and Workover Rigs
Drilling Equipment
Logging Equipment
Pressure Pumping Equipment
Other Equipment
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Oil Field Rental Services Market Research FAQs

What is the current Oilfield Equipment Rental Services Market size?

The Oilfield Equipment Rental Services Market is projected to register a CAGR of greater than 5.1% during the forecast period (2025-2030)

Who are the key players in Oilfield Equipment Rental Services Market?

Transocean Ltd, Seadrill Ltd, Schlumberger Limited, Baker Hughes Company and Weatherford International PLC are the major companies operating in the Oilfield Equipment Rental Services Market.

Which is the fastest growing region in Oilfield Equipment Rental Services Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Oilfield Equipment Rental Services Market?

In 2025, the North America accounts for the largest market share in Oilfield Equipment Rental Services Market.

What years does this Oilfield Equipment Rental Services Market cover?

The report covers the Oilfield Equipment Rental Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Oilfield Equipment Rental Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oilfield Equipment Rental Services Industry Report

Statistics for the 2025 Oilfield Equipment Rental Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oilfield Equipment Rental Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.