Report Code: A10704 | Pages: NA | Mar 2023 | 1119 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Auger Drilling Market
Request Now !An auger is a mechanical device, which is used for drilling holes in ground or in wood. Auger drilling machines are commonly used in global construction, mining, and oil & gas industries. It is also employed for soil sampling. These machines can be broadly divided into two types, which are flight auger and bucket auger. Flight auger consists of one or more flights of helical or spiral fluting attached to a torque bar. Moreover, owing to this design, flight augers maybe be further subdivided into single-flight and continuous-flight augers. In flight auger, removed material is brought to the surface by helical edges of a drill bit. A bucket auger is an open-top metal cylinder with one or more slots in its bottom that permits soil to enter as the bucket is rotated and downward pressure is applied. In bucket auger, the removed material is collected in a bucket. It is used for rapid excavation and digging deep boreholes. These machines may be truck mounted or handheld/portable for smaller projects.Â
ÂMarket scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value (USD Millions) |
 Segments covered | Type, Drill Type, Operation, Mounting, Industry Verticals and Region. |
 Regioms covered | North America (US, Mexico, and Canada), Europe (Germany, UK, Netherlands, Italy, and France), Asia Pacific (China, Japan, South Korea, Sri Lanka, and India), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | The key players in the auger drilling market include Schlumberger Ltd., Aker Solutions ASA, Baker Hughes Co., Delta Corp., Dril-Quip Inc., Halliburton Co., Solar Alert Sdn Bhd, TechnipFMC Plc, The Weir Group Plc, and Worldwide Oilfield Machine among others. |
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COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis
Growth of global urbanization; increase in industrialization and population; growth of automotive, and airline industries; and increase in construction activities worldwide are some of the major factors behind growth of the global oil & gas industry and as a result, the global auger drilling market is also expected to expand. Auger drilling machines are also widely used in local construction, mining, railways industries among other end users. It is also used for environmental and geotechnical sampling and is utilized in construction of sewer lines, in fence post setting, tree planting, and road construction in the construction sector. It is used in sewer construction, as it helps to accurately control diameter of a sewer bore. It is also used in the mining industry to extract coal, gold, and other minerals, owing to its low cost. Artificial lift systems are employed in case of lack of natural flow pressure. This is considered a major restraining factor for growth of the global auger drilling market. On the other hand, number of deepwater and ultra-deepwater petroleum drilling projects is increasing, and this factor is expected to provide growth opportunities for the global auger drilling market in the future.
The global auger drilling market trends are as follows:
Growth of global oil & gas industry, owing to rise in demand for petroleum products
Growth in population, urbanization, and disposable income of people around the world is expected to increase demand for oil & gas. Growth in number of automobile sales around the world, increase in airline traffic, growth in industrialization, and rise in construction activities around the world are expected to drive the demand for petroleum products. More and more people are buying personal vehicles due to increase in disposable income levels worldwide. Moreover, number of nuclear families and dual earning families is an important reason behind this phenomenon. An average consumer is increasingly using airlines to travel both internationally and domestically for better comfort and time saving. Growth of new industries and expansion of production facilities around the globe is expected to keep the oil & gas demand high. In addition, rise in amount of construction activities around the world is also expected to help the global oil & gas industry grow as the construction sector is a major end user of oil & gas. Hence, with the increase in demand for oil & gas around the world, the global auger drilling market is also expected to grow.
Increase in government initiatives and investments in oil & gas industry
The global oil and gas exploration and production sector is very important to the global economy. Economic experts predict that the global oil production will increase from the current rate of approximately 85 million barrels to 100 million barrels per day in the near future. The emerging economies of the world, especially the BRICs nations including Brazil, Russia, India, and China are expected to drive the demand for oil and gas production due to their high population. The GDP of the global oil and gas industry was estimated to be around $86 trillion in 2019, and the oil and gas drilling sector itself is estimated to contribute approximately 3.8% of the global economy. According to information released by the Department for Promotion of Industry and Internal Trade Policy (DPIIT), Government of India, the petroleum and natural gas sector received foreign direct investment (FDI) of around US$ 7.82 billion between April 2000 and March 2020. As per Union Budget 2019-20, Government of India declared plans to invest US$ 2.86 billion in the upstream oil and gas production by 2022 and US$ 9.97 billion to expand the gas pipeline network across the country. These initiatives and investments by various governmental bodies and petroleum industry companies around the world are expected to help the global oil and gas industry grow and as a result, the global auger drilling market is also expected to expand.
Key segments covered:
Segments | Subsegments |
 Type |
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 Drill Type |
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 Operation |
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 Mounting |
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  Industry verticals  |
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Key benefits of the report:
Auger Drilling Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Type |
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By Drill Type |
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By Operation |
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By Industry verticals |
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By Region |
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Key Market Players | Schlumberger Ltd., Aker Solutions ASA, Baker Hughes Co., Delta Corp., Dril-Quip Inc., Halliburton Co., Solar Alert Sdn Bhd, TechnipFMC Plc, The Weir Group Plc, Worldwide Oilfield Machine |
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