Land Drilling Rig Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Land Drilling Rigs Market is Segmented by Type (Conventional and Mobile), Drive Mode (Mechanical, Electrical, and Compound), and Geography (North America, South America, Europe, Middle-East and Africa, and Asia-Pacific). The Report Offers the Market Size and Forecasts in Revenue (USD) for all the Above Segments.

Land Drilling Rig Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Land Drilling Rigs Market Size

Land Drilling Rig Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 45.13 Billion
Market Size (2030) USD 53.50 Billion
CAGR (2025 - 2030) 3.46 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Land Drilling Rig Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Land Drilling Rig Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Land Drilling Rigs Market Analysis

The Land Drilling Rig Market size is estimated at USD 45.13 billion in 2025, and is expected to reach USD 53.50 billion by 2030, at a CAGR of 3.46% during the forecast period (2025-2030).

  • Over the medium period, the land rig market has evolved significantly in recent years with the increasing use of high horsepower and hi-tech rigs and the increasing demand for heavy rigs. Moreover, exploiting unconventional reserves to meet the increasing demand for crude oil and natural gas is expected to create significant demand for the land drilling rig market during the forecast period.
  • On the other hand, the global shift towards renewable energy sources for electricity generation poses a huge threat to the oil and gas sector, which, in turn, is expected to be a major challenge for the growth of the land drilling rig market during the forecast period.
  • Nevertheless, the high-volume and demand markets in Asia-Pacific and the Middle Eastern regions are investing highly in midstream infrastructure. New infrastructure and relatively robust CAPEX budgets provide rigs opportunities to enter/re-enter these geographies.
  • North America is one of the largest markets for land drilling rigs, led by the United States, mainly due to increased exploration and production activities of its tight oil and shale reserves.

Land Drilling Rigs Industry Overview

The land drilling rig market is moderately consolidated. The key players in the market (in no particular order) include Nabors Industries Ltd, Helmerich & Payne Inc., Schlumberger Limited, Saipem SpA, and Weatherford International PLC, among others.

Land Drilling Rigs Market Leaders

  1. Schlumberger Limited

  2. Saipem SpA

  3. Nabors Industries Ltd.

  4. Weatherford International PLC

  5. Helmerich & Payne, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Land Drill.png
Need More Details on Market Players and Competiters?
Download PDF

Land Drilling Rigs Market News

  • March 2023: The Oil and Natural Gas Corporation (ONGC) received ten indigenous rigs from Megha Engineering and Infrastructure Limited (MEIL) to explore oil and natural gas in its onshore fields in the Krishna-Godavari basin.
  • March 2023: Adnoc Drilling Company, a subsidiary of Adnoc Group, agreed to purchase ten newbuild hybrid power land drilling rigs for USD 252 million. China Petroleum Technology and Development Corporation in China will create the newbuild hybrid power rigs, which will have the Fast Desert Moving design and the ability to work in cluster wells.
  • December 2022: KCA Deutag received contract awards and extensions totaling over USD 85 million in Oman, Northern Iraq, and Europe. Three rigs (T849, T858, and T899) have been extended for seven years of work in Oman. KCA Deutag's Kenera business unit will also provide a grid container for rig T-899.

Land Drilling Rigs 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, till 2028
  • 4.3 Global Onshore Active Rig Count of Major Countries, till 2022
  • 4.4 Onshore CAPEX Forecast in USD billion, till 2028
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.1.1 Increasing Use of High Horsepower and Hi-Tech Rigs
    • 4.7.1.2 Exploiting Unconventional Reserves
    • 4.7.2 Restraints
    • 4.7.2.1 The Global Shift Towards Renewable Energy Sources
  • 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 Type
    • 5.1.1 Conventional
    • 5.1.2 Mobile
  • 5.2 Drive Mode
    • 5.2.1 Mechanical
    • 5.2.2 Electrical
    • 5.2.3 Compound
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of the North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 France
    • 5.3.2.3 Italy
    • 5.3.2.4 Germany
    • 5.3.2.5 Rest of the Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 South Korea
    • 5.3.3.4 Rest of the Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of the South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Iran
    • 5.3.5.4 Iraq
    • 5.3.5.5 Qatar
    • 5.3.5.6 Rest of the 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 Nabors Industries Ltd
    • 6.3.2 Helmerich & Payne Inc.
    • 6.3.3 Eurasia Drilling Company Limited
    • 6.3.4 Ensign Energy Services Inc.
    • 6.3.5 Precision Drilling Corp.
    • 6.3.6 Patterson-UTI Energy Inc.
    • 6.3.7 Schlumberger Limited
    • 6.3.8 Saipem SpA
    • 6.3.9 Weatherford International PLC
    • 6.3.10 KCA Deutag Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 New Infrastructure and Relatively Robust CAPEX Budgets
**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Land Drilling Rigs Industry Segmentation

A drilling rig is machinery used to bore a wellbore. The mud tanks and pumps, the derrick, the draw works, the rotary table, the drill string, the power generation equipment, and the auxiliary equipment are all a drilling rig's components.

The land drilling rig market is segmented by type, drive mode, and geography. By type, the market is segmented into conventional and mobile. The market is segmented by drive mode into mechanical, electrical, and compound. The report also covers the market size and forecasts for the land drilling rig market across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).

Type Conventional
Mobile
Drive Mode Mechanical
Electrical
Compound
Geography North America United States
Canada
Rest of the North America
Europe United Kingdom
France
Italy
Germany
Rest of the Europe
Asia-Pacific China
India
South Korea
Rest of the Asia-Pacific
South America Brazil
Argentina
Rest of the South America
Middle-East and Africa United Arab Emirates
Saudi Arabia
Iran
Iraq
Qatar
Rest of the Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Land Drilling Rigs Market Research FAQs

How big is the Land Drilling Rig Market?

The Land Drilling Rig Market size is expected to reach USD 45.13 billion in 2025 and grow at a CAGR of 3.46% to reach USD 53.50 billion by 2030.

What is the current Land Drilling Rig Market size?

In 2025, the Land Drilling Rig Market size is expected to reach USD 45.13 billion.

Who are the key players in Land Drilling Rig Market?

Schlumberger Limited, Saipem SpA, Nabors Industries Ltd., Weatherford International PLC and Helmerich & Payne, Inc. are the major companies operating in the Land Drilling Rig Market.

Which is the fastest growing region in Land Drilling Rig Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Land Drilling Rig Market?

In 2025, the North America accounts for the largest market share in Land Drilling Rig Market.

What years does this Land Drilling Rig Market cover, and what was the market size in 2024?

In 2024, the Land Drilling Rig Market size was estimated at USD 43.57 billion. The report covers the Land Drilling Rig Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Land Drilling Rig Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Land Drilling Rig Industry Report

The Land Drilling Rigs Market is segmented by type, including conventional and mobile rigs, and by application across industries such as oil and gas, metal and mining, and construction. The market's growth rate is driven by increasing demand and advancements in high-tech rigs, particularly with the exploitation of unconventional reserves. Key market trends include the dominance of mobile rigs, which offer reduced rig-up and rig-down time, and the increasing investment in midstream infrastructure in high-demand regions.

The industry analysis reveals a competitive landscape featuring major players evaluated on their product offerings, financial health, and strategic market positioning. The market overview includes a detailed segmentation to facilitate targeted marketing strategies for land rig drilling companies. The market forecast and industry outlook indicate significant growth potential, with market leaders poised to capitalize on emerging opportunities.

The market report provides comprehensive industry information, including market data, market growth, market value, and market predictions. Additionally, the market review and market segmentation highlight the various factors influencing market dynamics. The report example and report PDF offer a detailed analysis of market trends, industry reports, industry research, and industry statistics.

Research companies will find valuable insights in the market analysis, which includes a market forecast outlook and historical overview. The industry reports and industry sales data provide a thorough understanding of market size and market share. The industry trends and market outlook suggest a positive trajectory for the land drilling rigs market, with significant market growth expected in the coming years.