Industry: Machinery & Equipment
Published Date: 2025-03-28
Pages: 139 Pages
Report ld: 4673428
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Offshore Drilling Market Size(US$)

CAGR 2025-2031
6.6%
Market Size,2031
USD 143,340
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
In 2024, the global market size of Offshore Drilling was estimated to be worth US$ 92210 million and is forecast to reach approximately US$ 143340 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.
Offshore drilling is a mechanical process where a wellbore is drilled through the seabed. It is typically carried out in order to explore for and subsequently extract petroleum which lies in rock formations beneath the seabed.
Europe is the largest Offshore Drilling market with about 46% market share. Latin America is follower, accounting for about 22% market share.
The key players are Keppel Corporation, Sembcorp Marine, DSME, SHI, HHI, NOV, CIMC Raffles, CSIC Dalian, COSCO, CMHI etc. Top 3 companies occupied about 29% market share.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Offshore Drilling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Offshore Drilling.
The Offshore Drilling market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Offshore Drilling market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Offshore Drilling manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and regions.
By Company
Keppel Corporation
Sembcorp Marine
DSME
SHI
HHI
NOV
CIMC Raffles
CSIC Dalian
COSCO
CMHI
Segment by Type
Jackups
Semi-submersible
Drillships
Segment by Application
Oil and Gas
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Offshore Drilling in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Offshore Drilling manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Offshore Drilling sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Offshore Drilling Product Introduction
1.2 Market by Type
1.2.1 Global Offshore Drilling Market Size Growth Rate by Type (2020 VS 2024 VS 2031)
1.2.2 Jackups
1.2.3 Semi-submersible
1.2.4 Drillships
1.3 Market by Application
1.3.1 Global Offshore Drilling Market Size Growth Rate by Application (2020 VS 2024 VS 2031)
1.3.2 Oil and Gas
1.3.3 Others
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Offshore Drilling Market Size Estimates and Forecasts
2.1.1 Global Offshore Drilling Revenue 2020-2031
2.1.2 Global Offshore Drilling Sales 2020-2031
2.2 Offshore Drilling Market Size by Region: 2024 Versus 2031
2.3 Offshore Drilling Sales by Region (2020-2031)
2.3.1 Global Offshore Drilling Sales by Region: 2020-2025
2.3.2 Global Offshore Drilling Sales Forecast by Region (2026-2031)
2.3.3 Global Offshore Drilling Sales Market Share by Region (2020-2031)
2.4 Offshore Drilling Market Estimates and Projections by Region (2026-2031)
2.4.1 Global Offshore Drilling Revenue by Region: 2020-2025
2.4.2 Global Offshore Drilling Revenue Forecast by Region (2026-2031)
2.4.3 Global Offshore Drilling Revenue Market Share by Region (2020-2031)
3 Market Segments
3.1 Breakdown Data by Type
3.1.1 Global Offshore Drilling Sales by Type (2020-2031)
3.1.1.1 Global Offshore Drilling Sales Volume by Type (2020-2031)
3.1.1.2 Global Offshore Drilling Sales Market Share by Type (2020-2031)
3.1.2 Global Offshore Drilling Revenue by Type (2020-2031)
3.1.2.1 Global Offshore Drilling Revenue by Type (2020-2031)
3.1.2.2 Global Offshore Drilling Revenue Market Share by Type (2020-2031)
3.1.3 Offshore Drilling Average Selling Price (ASP) by Type (2020-2031)
3.2 Breakdown Data by Application
3.2.1 Global Offshore Drilling Sales by Application (2020-2031)
3.2.1.1 Global Offshore Drilling Sales Volume by Application (2020-2031)
3.2.1.2 Global Offshore Drilling Sales Market Share by Application (2020-2031)
3.2.2 Global Offshore Drilling Revenue by Application (2020-2031)
3.2.2.1 Global Offshore Drilling Revenue by Application (2020-2031)
3.2.2.2 Global Offshore Drilling Revenue Market Share by Application (2020-2031)
3.2.3 Offshore Drilling Average Selling Price (ASP) by Application (2020-2031)
3.3 by Type and by Application Crossing Analysis
3.3.1 Jackups of Offshore Drilling Revenue Market Share by Application
3.3.2 Semi-submersible of Offshore Drilling Revenue Market Share by Application
3.3.3 Drillships of Offshore Drilling Revenue Market Share by Application
4 Global Offshore Drilling by Manufacturers
4.1 Global Top Offshore Drilling Manufacturers by Sales (2020-2025)
4.1.1 Global Offshore Drilling Sales by Manufacturer (2020-2025)
4.1.2 Global Offshore Drilling Sales Market Share by Manufacturer (2020-2025)
4.2 Global Top Offshore Drilling Manufacturers by Revenue (2020-2025)
4.2.1 Global Offshore Drilling Revenue by Manufacturer (2020-2025)
4.2.2 Global Offshore Drilling Revenue Share by Manufacturer (2020-2025)
4.3 Global Offshore Drilling Price by Manufacturer (2020-2025)
4.4 Competitive Landscape
4.4.1 Key Offshore Drilling Manufacturers Covered: Ranking by Revenue
4.4.2 Global Offshore Drilling Market Concentration Ratio (CR5 and HHI) & (2020-2025)
4.4.3 Global Offshore Drilling Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.5 Global Offshore Drilling Manufacturing Base Distribution, Product Type
4.5.1 Offshore Drilling Manufacturers Manufacturing Base Distribution, Headquarters
4.5.2 Date of International Manufacturers Enter into Offshore Drilling Market
4.5.3 Manufacturers Offshore Drilling Product Type and Application
4.5.4 Jackups Market Sales of Offshore Drilling by Manufacturer
4.5.5 Semi-submersible Market Sales of Offshore Drilling by Manufacturer
4.5.6 Drillships Market Sales of Offshore Drilling by Manufacturer
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
5 Company Profiles
5.1 Keppel Corporation
5.1.1 Keppel Corporation Company Information
5.1.2 Keppel Corporation Description, Business Overview
5.1.3 Keppel Corporation Offshore Drilling Products Offered
5.1.4 Keppel Corporation Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.1.5 Keppel Corporation Offshore Drilling Sales by Product in 2024
5.1.6 Keppel Corporation Offshore Drilling Sales by Application in 2024
5.1.7 Keppel Corporation Offshore Drilling Sales by Geographic Area in 2024
5.1.8 Keppel Corporation Recent Developments
5.2 Sembcorp Marine
5.2.1 Sembcorp Marine Company Information
5.2.2 Sembcorp Marine Description, Business Overview
5.2.3 Sembcorp Marine Offshore Drilling Products Offered
5.2.4 Sembcorp Marine Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.2.5 Sembcorp Marine Offshore Drilling Sales by Product in 2024
5.2.6 Sembcorp Marine Offshore Drilling Sales by Application in 2024
5.2.7 Sembcorp Marine Offshore Drilling Sales by Geographic Area in 2024
5.2.8 Sembcorp Marine Recent Developments
5.3 DSME
5.3.1 DSME Company Information
5.3.2 DSME Description, Business Overview
5.3.3 DSME Offshore Drilling Products Offered
5.3.4 DSME Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.3.5 DSME Offshore Drilling Sales by Product in 2024
5.3.6 DSME Offshore Drilling Sales by Application in 2024
5.3.7 DSME Offshore Drilling Sales by Geographic Area in 2024
5.3.8 DSME Recent Developments
5.4 SHI
5.4.1 SHI Company Information
5.4.2 SHI Description, Business Overview
5.4.3 SHI Offshore Drilling Products Offered
5.4.4 SHI Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.4.5 SHI Offshore Drilling Sales by Product in 2024
5.4.6 SHI Offshore Drilling Sales by Application in 2024
5.4.7 SHI Offshore Drilling Sales by Geographic Area in 2024
5.4.8 SHI Recent Developments
5.5 HHI
5.5.1 HHI Company Information
5.5.2 HHI Description, Business Overview
5.5.3 HHI Offshore Drilling Products Offered
5.5.4 HHI Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.5.5 HHI Offshore Drilling Sales by Product in 2024
5.5.6 HHI Offshore Drilling Sales by Application in 2024
5.5.7 HHI Offshore Drilling Sales by Geographic Area in 2024
5.5.8 HHI Recent Developments
5.6 NOV
5.6.1 NOV Company Information
5.6.2 NOV Description, Business Overview
5.6.3 NOV Offshore Drilling Products Offered
5.6.4 NOV Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.6.5 NOV Offshore Drilling Sales by Product in 2024
5.6.6 NOV Offshore Drilling Sales by Application in 2024
5.6.7 NOV Offshore Drilling Sales by Geographic Area in 2024
5.6.8 NOV Recent Developments
5.7 CIMC Raffles
5.7.1 CIMC Raffles Company Information
5.7.2 CIMC Raffles Description, Business Overview
5.7.3 CIMC Raffles Offshore Drilling Products Offered
5.7.4 CIMC Raffles Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.7.5 CIMC Raffles Offshore Drilling Sales by Product in 2024
5.7.6 CIMC Raffles Offshore Drilling Sales by Application in 2024
5.7.7 CIMC Raffles Offshore Drilling Sales by Geographic Area in 2024
5.7.8 CIMC Raffles Recent Developments
5.8 CSIC Dalian
5.8.1 CSIC Dalian Company Information
5.8.2 CSIC Dalian Description, Business Overview
5.8.3 CSIC Dalian Offshore Drilling Products Offered
5.8.4 CSIC Dalian Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.8.5 CSIC Dalian Offshore Drilling Sales by Product in 2024
5.8.6 CSIC Dalian Offshore Drilling Sales by Application in 2024
5.8.7 CSIC Dalian Offshore Drilling Sales by Geographic Area in 2024
5.8.8 CSIC Dalian Recent Developments
5.9 COSCO
5.9.1 COSCO Company Information
5.9.2 COSCO Description, Business Overview
5.9.3 COSCO Offshore Drilling Products Offered
5.9.4 COSCO Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.9.5 COSCO Offshore Drilling Sales by Product in 2024
5.9.6 COSCO Offshore Drilling Sales by Application in 2024
5.9.7 COSCO Offshore Drilling Sales by Geographic Area in 2024
5.9.8 COSCO Recent Developments
5.10 CMHI
5.10.1 CMHI Company Information
5.10.2 CMHI Description, Business Overview
5.10.3 CMHI Offshore Drilling Products Offered
5.10.4 CMHI Offshore Drilling Sales, Revenue and Gross Margin (2020-2025)
5.10.5 CMHI Offshore Drilling Sales by Product in 2024
5.10.6 CMHI Offshore Drilling Sales by Application in 2024
5.10.7 CMHI Offshore Drilling Sales by Geographic Area in 2024
5.10.8 CMHI Recent Developments
6 North America
6.1 North America Offshore Drilling Market Size YoY Growth 2020-2031
6.2 North America Offshore Drilling Market Facts & Figures by Country
6.2.1 North America Offshore Drilling Sales by Country (2020-2031)
6.2.2 North America Offshore Drilling Revenue by Country (2020-2031)
6.3 North America Offshore Drilling Sales by Type (2020-2025)
6.4 North America Offshore Drilling Sales by Application (2020-2025)
7 Asia-Pacific
7.1 Asia-Pacific Offshore Drilling Market Size YoY Growth 2020-2031
7.2 Asia-Pacific Offshore Drilling Market Facts & Figures by Region
7.2.1 Asia-Pacific Offshore Drilling Sales by Region (2020-2031)
7.2.2 Asia-Pacific Offshore Drilling Revenue by Region (2020-2031)
7.3 Asia-Pacific Offshore Drilling Sales by Type (2020-2025)
7.4 Asia-Pacific Offshore Drilling Sales by Application (2020-2025)
8 Europe
8.1 Europe Offshore Drilling Market Size YoY Growth 2020-2031
8.2 Europe Offshore Drilling Market Facts & Figures by Country
8.2.1 Europe Offshore Drilling Sales by Country (2020-2031)
8.2.2 Europe Offshore Drilling Revenue by Country (2020-2031)
8.3 Europe Offshore Drilling Sales by Type (2020-2025)
8.4 Europe Offshore Drilling Sales by Application (2020-2025)
9 Latin America
9.1 Latin America Offshore Drilling Market Size YoY Growth 2020-2031
9.2 Latin America Offshore Drilling Market Facts & Figures by Country
9.2.1 Latin America Offshore Drilling Sales by Country (2020-2031)
9.2.2 Latin America Offshore Drilling Revenue by Country (2020-2031)
9.3 Latin America Offshore Drilling Sales by Type (2020-2025)
9.4 Latin America Offshore Drilling Sales by Application (2020-2025)
10 Middle East and Africa
10.1 Latin America Offshore Drilling Market Size YoY Growth 2020-2031
10.2 Middle East and Africa Offshore Drilling Market Facts & Figures by Country
10.2.1 Middle East and Africa Offshore Drilling Sales by Country (2020-2031)
10.2.2 Middle East and Africa Offshore Drilling Revenue by Country (2020-2031)
10.3 Middle East and Africa Offshore Drilling Sales by Type (2020-2025)
10.4 Middle East and Africa Offshore Drilling Sales by Application (2020-2025)
11 Supply Chain and Sales Channel analysis
11.1 Offshore Drilling Supply Chain Analysis
11.2 Offshore Drilling Key Raw Materials and Upstream Suppliers
11.3 Offshore Drilling Clients Analysis
11.4 Offshore Drilling Sales Channel and Sales Model Analysis
11.4.1 Offshore Drilling Distribution Channel Analysis: Indirect Sales VS Direct Sales
11.4.2 Offshore Drilling Distribution Channel Analysis: Online Sales VS Offline Sales
11.4.3 Offshore Drilling Distributors
12 Offshore Drilling Market Dynamics
12.1 Offshore Drilling Industry Trends
12.2 Offshore Drilling Market Drivers
12.3 Offshore Drilling Market Challenges
12.4 Offshore Drilling Market Restraints
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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