Summary

Drilling machines play a crucial role in various industries such as construction, oil and gas, mining, and manufacturing. These machines are used for drilling holes in different surfaces such as metal, wood, concrete, and soil. The history of drilling machines in Saudi Arabia deeply intertwines with the nation's oil and gas exploration journey. Initially, basic percussion and rotary drilling equipment imported from Europe and the US dominated the scene. However, the 1970s marked a turning point with the establishment of local players like the Arabian Drilling Company (ADC) and the National Drilling Company (NDC). These companies played a crucial role in developing local expertise and adapting equipment to specific Saudi geological conditions. The 1980s and 90s saw technological advancements like downhole motors and directional drilling tools gain traction, improving efficiency and accuracy. This period also witnessed the emergence of international players like Schlumberger and Baker Hughes, bringing further innovation and competition. The 21st century ushered in a new era with a focus on automation, data-driven decision-making, and sustainability. The drilling machine market in Saudi Arabia operates within a distinct context. Safety is paramount, with strict regulations and a strong safety culture ingrained in the industry. Technology adoption is rapid, driven by the government's push for modernization and the desire to improve efficiency and productivity. However, local content requirements mandate a certain percentage of involvement from Saudi companies and personnel, creating a unique ecosystem for collaboration and technology transfer. Sustainability is gaining traction, with companies exploring technologies that reduce emissions and environmental impact. The market also reflects a growing preference for rental models over ownership, driven by cost optimization and the need for flexibility.

According to the research report "Saudi Arabia Drilling Machine Market Overview, 2029," published by Bonafide Research, the Saudi Arabian drilling machine market is projected to reach market size of more than USD 220 Million USD by 2029. The market is driven by rising demand for oil and gas, despite diversification efforts, as they remain crucial to the economy. Government infrastructure projects like NEOM and the Red Sea Project require extensive drilling, further stimulating market growth. Additionally, the Vision 2030 focus on renewable energy sources like geothermal is creating a new market segment for drilling equipment. Technological advancements such as automation and data analytics are enhancing efficiency and safety, attracting investments. However, challenges include fluctuating oil prices impacting exploration investments, stringent regulations increasing operational costs and project timelines, and a shortage of skilled labor for advanced drilling equipment operation and maintenance. Environmental concerns also pose significant considerations for the market's future.

In terms of type, rotary drilling machines constitute the dominant segment, serving both onshore and offshore operations crucial for oil & gas exploration, water well construction, and various infrastructure projects. This category further branches into sub-segments based on depth capabilities, mobility options including land rigs, truck-mounted rigs, and skid-mounted rigs, as well as drivetrain variations such as electric, diesel, or hybrid-powered mechanisms. Moreover, within rotary drilling, there are distinct technologies employed, ranging from conventional to directional, horizontal, and extended reach drilling setups. Percussion drilling machines, on the other hand, find their application in shallow construction, mining, and foundational tasks, with differentiation based on hammer types such as hydraulic, pneumatic, and electric, alongside considerations of hole diameter and depth capabilities. Specialized drilling machines cater to niche requirements, including deep hole drilling for high-precision tasks in sectors like oil & gas and aerospace, radial drilling offering flexibility in heavy equipment and oil & gas machining, gang drilling for simultaneous hole drilling commonly seen in automotive and metal fabrication, micro drill presses for intricate work in electronics and jewelry making, as well as CNC drilling machines providing computer-controlled precision in diverse industrial applications.

In terms of application, the oil & gas sector emerges as the largest segment due to the country’s oil-driven economy, followed by the construction industry employing various drills for foundation work, utility installation, and infrastructure projects, while heavy equipment sectors rely on specialized machines for precise component machining and assembly. The energy industry extends beyond oil & gas, encompassing geothermal drilling leveraging specialized rigs for heat extraction, while automotive and aerospace industries utilize specific drilling technologies for high-volume, precise machining of components. Other applications include medical drilling for bone surgery, jewelry making employing micro drill presses, and steelwork fabrication utilizing larger machines.

The Saudi drilling machine market relies on a mix of local and international raw materials. Steel from local companies supports production, alongside cement and abundant sand and aggregates. However, high-grade steel, electronics, rubber, plastics, and specialized components are often imported from countries like Germany, Japan, and the US. Local production focuses on basic equipment and maintenance. International joint ventures bring advanced technology to the market. Some firms import components for local assembly, meeting specific market needs.

The Saudi drilling machine market operates under a comprehensive regulatory framework overseen by key bodies such as the Ministry of Energy (MoE), Saudi Arabian Standards Organization (SASO), Royal Commission for Jubail and Yanbu (RCJY), and General Directorate of Civil Aviation (GACA). Safety and environmental regulations are stringent, encompassing equipment design, operation, maintenance, and worker safety, as well as environmental impact mitigation. Compliance with international standards like API and ISO is often mandatory. Additionally, adherence to local content requirements is encouraged, necessitating partnerships or technology transfer initiatives. Import regulations mandate obtaining licenses and adhering to customs requirements, with specific certifications from SASO or other authorities often necessary. Import restrictions may apply to certain types of advanced drilling machines, while foreign ownership limitations exist in certain market segments.

The Saudi drilling machine market is set for growth driven by unconventional resource exploration, water well demand, and infrastructure projects like NEOM. Market players should focus on innovation, cost-effectiveness, and compliance with regulations, along with investing in training programs. International firms can enter the market by partnering with local companies and offering customized solutions. Overall, the market presents significant opportunities for both local and international players, emphasizing the need for strategic approaches to capitalize on its potential.

ページTOPに戻る

Table of Contents

Table of Content

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Saudi Arabia Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. Saudi Arabia Drilling Machine Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Types
6.3. Market Size and Forecast By Application
7. Saudi Arabia Drilling Machine Market Segmentations
7.1. Saudi Arabia Drilling Machine Market, By Types
7.1.1. Saudi Arabia Drilling Machine Market Size, By Sensitive Drilling Machine, 2018-2029
7.1.2. Saudi Arabia Drilling Machine Market Size, By Upright Drilling Machine, 2018-2029
7.1.3. Saudi Arabia Drilling Machine Market Size, By Radial Drilling Machine, 2018-2029
7.1.4. Saudi Arabia Drilling Machine Market Size, By Gang Drilling Machine, 2018-2029
7.1.5. Saudi Arabia Drilling Machine Market Size, By Multiple Spindle Drilling Machine, 2018-2029
7.1.6. Saudi Arabia Drilling Machine Market Size, By Deep Hole Drilling Machine, 2018-2029
7.1.7. Saudi Arabia Drilling Machine Market Size, By Others, 2018-2029
7.2. Saudi Arabia Drilling Machine Market, By Application
7.2.1. Saudi Arabia Drilling Machine Market Size, By Aerospace, 2018-2029
7.2.2. Saudi Arabia Drilling Machine Market Size, By Heavy Equipment, 2018-2029
7.2.3. Saudi Arabia Drilling Machine Market Size, By Automotive, 2018-2029
7.2.4. Saudi Arabia Drilling Machine Market Size, By Energy Industry, 2018-2029
7.2.5. Saudi Arabia Drilling Machine Market Size, By Military & Defense, 2018-2029
7.2.6. Saudi Arabia Drilling Machine Market Size, By Oil & Gas, 2018-2029
7.2.7. Saudi Arabia Drilling Machine Market Size, By Others, 2018-2029
8. Saudi Arabia Drilling Machine Market Opportunity Assessment
8.1. By Types, 2024 to 2029
8.2. By Application, 2024 to 2029
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: Saudi Arabia Drilling Machine Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2: Market Attractiveness Index, By Types
Figure 3: Market Attractiveness Index, By Application
Figure 4: Porter's Five Forces of Saudi Arabia Drilling Machine Market

List of Tables

Table 1: Influencing Factors for Saudi Arabia Drilling Machine Market, 2023
Table 2: Saudi Arabia Drilling Machine Market Size and Forecast By Types (2018, 2023 & 2029F)
Table 3: Saudi Arabia Drilling Machine Market Size and Forecast By Application (2018, 2023 & 2029F)
Table 4: Saudi Arabia Drilling Machine Market Size of Sensitive Drilling Machine (2018 to 2029) in USD Million
Table 5: Saudi Arabia Drilling Machine Market Size of Upright Drilling Machine (2018 to 2029) in USD Million
Table 6: Saudi Arabia Drilling Machine Market Size of Radial Drilling Machine (2018 to 2029) in USD Million
Table 7: Saudi Arabia Drilling Machine Market Size of Gang Drilling Machine (2018 to 2029) in USD Million
Table 8: Saudi Arabia Drilling Machine Market Size of Multiple Spindle Drilling Machine (2018 to 2029) in USD Million
Table 9: Saudi Arabia Drilling Machine Market Size of Deep Hole Drilling Machine (2018 to 2029) in USD Million
Table 10: Saudi Arabia Drilling Machine Market Size of Others (2018 to 2029) in USD Million
Table 11: Saudi Arabia Drilling Machine Market Size of Aerospace (2018 to 2029) in USD Million
Table 12: Saudi Arabia Drilling Machine Market Size of Heavy Equipment (2018 to 2029) in USD Million
Table 13: Saudi Arabia Drilling Machine Market Size of Automotive (2018 to 2029) in USD Million
Table 14: Saudi Arabia Drilling Machine Market Size of Energy Industry (2018 to 2029) in USD Million
Table 15: Saudi Arabia Drilling Machine Market Size of Military & Defense (2018 to 2029) in USD Million
Table 16: Saudi Arabia Drilling Machine Market Size of Oil & Gas (2018 to 2029) in USD Million
Table 17: Saudi Arabia Drilling Machine Market Size of Others (2018 to 2029) in USD Million