The oilfield traveling block market size is expected to grow at a CAGR 6% during the period 2022-2028. A traveling block is the freely moving section of a block and tackle that contains a set of pulleys or pulleys through which the drilling line is threaded or wound and is located opposite the crown block. The combination of the displacement block, the crown block and the wire rope drilling line makes it possible to lift weights of several hundred thousand pounds. On the largest drilling rigs, when raising and lowering the derrick, line stresses in excess of a million pounds are not unusual. The increasing number of active platforms is one of the main reasons why the displacement of the oil field is blocking the growth of the market. With the recovery in crude oil prices, oil and gas E&P activities are gaining momentum around the world, thereby increasing the attractiveness of oil and gas production.
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Company Profile
- The Crosby Group
- Bentec GmbH Drilling and Oilfield Systems
- Chengdu Zhonghang Machinery
- National Oilwell Varco
- Sunda Corporation
- Jereh Group
- Schlumberger
- Sovonex
Market Segmentation
By Type
- Straight Block Traveling Block
- Split Type Traveling Block
By Application
- Onshore
- Offshore
Scope of the Report
The research study analyzes the Oilfield Traveling Block Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Oilfield Traveling Block Market Report
- What was the Oilfield Traveling Block Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Oilfield Traveling Block Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Oilfield Traveling Block Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Oilfield Traveling Block market.
- The market share of the Oilfield Traveling Block market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Oilfield Traveling Block market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Oilfield Traveling Block market.
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