At 10.1% CAGR, Asia Pacific Horizontal Directional Drilling Market is Projected to be Worth US$ 1,354.72 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific horizontal directional drilling market was valued at US$ 625.87 million in 2022 and is expected to reach US$ 1,354.72 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Discovery of new mineral exploration locations and development of smart cities are among the critical factors attributed to drive the Asia Pacific horizontal directional drilling market growth.

Mineral exploration activities are one of the major application areas of horizontal directional drilling equipment. The mineral exploration sites require a high level of drilling activities, which is boosting the demand for horizontal directional drilling equipment in various nations. Countries such as Australia, China, Russia, Brazil, Canada, and the US are widely involved in mineral exploration activities. These countries are also promoting the discovery of new mineral exploration sites and upgrading and maintenance of already existing sites. In 2024, Japan Gold Corp collaborated with Barrick Gold Corp. to initiate six projects in Japan for Tier 1 or Tier 2 ore bodies. In addition, in 2024, KO Gold Inc. entered into an exploration permit acquisition agreement with NewPeak NZ Ltd., NewPeak Metals Ltd., and Neil Stuart and secured two exploration permits in New Zealand. Thus, the growing number of government initiatives for discovering new mineral exploration projects and increasing focus on maintaining the already existing mining sites are anticipated to offer major opportunities for the horizontal directional drilling market growth during the forecast period.

On the contrary, the declining oil & gas exploration activities hampers the growth of Asia Pacific horizontal directional drilling market.

Based on end use, the Asia Pacific horizontal directional drilling market is segmented telecommunications, oil & gas, sewer & water, environmental wells, and utility. The oil & gas segment held 35.4% market share in 2022, amassing US$ 221.49 million. It is projected to garner US$ 457.98 million by 2030 to register 9.5% CAGR during 2022-2030.

By rig size, the Asia Pacific horizontal directional drilling market is segmented into small (below 40,000 Lbs), medium (40,000 - 100,000 Lbs), and large (above 100,000 Lbs). The large (above 100,000 Lbs) segment held 47.4% share of Asia Pacific horizontal directional drilling market in 2022, amassing US$ 296.58 million. It is anticipated to garner US$ 611.76 million by 2030 to expand at 9.5% CAGR during 2022-2030.

Based on application, the Asia Pacific horizontal directional drilling market is bifurcated into onshore and offshore. The onshore segment held 71.3% share of Asia Pacific horizontal directional drilling market in 2022, amassing US$ 446.22 million. It is projected to garner US$ 945.07 million by 2030 to expand at 9.8% CAGR from 2022 to 2030.

By country, the Asia Pacific horizontal directional drilling market is segmented into Australia, China, India, Japan, South Korea, New Zealand, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.4% share of Asia Pacific horizontal directional drilling market in 2022. It was assessed at US$ 221.29 million in 2022 and is likely to hit US$ 488.30 million by 2030, registering a CAGR of 10.4% during 2022-2030.

Key players operating in the Asia Pacific horizontal directional drilling market are American Augers Inc, Drillto Trenchless Co Ltd, Epiroc AB, Herrenknecht AG, Laney Directional Drilling Co, Nabors Industries Ltd, Prime Drilling GmbH, Tracto-Technik GmbH & Co KG, and Vermeer Corp, among others.


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