Rig and Oilfield Mats Market - Global Industry Analysis and Opportunity Assessment, 2019-2029


  • Rep Id : XPLREP2919
  • Published On : October, 2019
  • No. of Pages : 206
  • Category : Industrial Automation

Rig and Oilfield Mats Set to Expand at Steady Rate Backed by Adoption in Oil & Gas Sector

The global rig and oilfield mats market is anticipated to expand at a modest CAGR of 5% through the forecast period, owing to growing remote operations in the oil & gas industry, increasing preference for rig & oil field mats over conventional wooden mats. Furthermore, factors such as expansion of pipeline operations globally, an uptick in crude oil prices, shifting consumer preference towards rig and oilfield mats over steel and wood mats are propelling the demand for the mats.

In addition, the introduction of technologically advanced materials, such as skid proof materials and anti-static fibers in the production of rig and oilfield mats will continue to drive the market on a positive growth trajectory through the forecast period.

Shifting Consumer Preference Towards Composite Mats Shapes Market Growth

Over the years, there has been a notable uptick in the prices of crude oil prices which subsequently increased the number of activities in the oil and gas industry in the region. The burgeoned number of oil exploration activities has substantially propelled the demand for rig and oilfield mats. Furthermore, end-users are seeking composite mats over other available options, such as wood mats and steel mats, on the back of their quality, affordability, and eco-friendly nature.

The adoption of composite mats is majorly concentrated in the U.S. and a few countries of Western Europe, due to the poor quality of timber in these regions. On this premise, manufacturers of wood mats in these regions are switching to the production of composite or engineered mats to capitalize on the growing demand. Moreover, regulatory bodies in the US, Canada, and the European Union are imposing stringent rules to reduce environmental degradation, which is anticipated to further fuel the adoption of composite mats. Despite the cheap prices of wood mats, consumers are preferring rig and oilfield mats due to their superior quality.

Adoption in Remote Operations of Oil & Gas Industry Contribute to Market Growth

As prominent players in the oil & gas industry are expanding their operations to remote areas for exploration, drilling, and production activities. Moreover, key players in these regions are acquiring contracts for such remote sites, which are exposed to wet and humid conditions. Such environmental conditions are unsuitable for common operations, thus mandating the use of matting solutions.

On this premise, drilling operations in remote sites are propelling the demand for rig and oilfield mats. As American oil & gas operators move to Alaska and other remote locations for drilling applications, the demand for the rig and oilfield market is anticipated to remain steady on the higher side. Drilling activities across the globe reduced by more than 30% in 2016 as compared to its previous year, especially in the U.S., where the activities plunged by plummeted nearly 45%. However, the adoption of these mats in the ongoing exploration and production in North America will continue to drive the market on a positive trajectory.

Moreover, the oil & gas industry will remain the deciding factor for regional value, with North America being the leading regional market for rig and oilfield mats backed by the strong presence of an oil & gas industry. Similarly, offshore developments and discoveries by countries such as Qatar, the UAE, and Saudi Arabia will drive the rig and oilfield mats market in the Middle East.

Competitive Landscape of Global Rig and Oilfield Mats Market

The global rig and oilfield mats market is fairly consolidated with the top players holding the majority of market value. Some of the major market players include Newpark Resources Inc., Strad Energy Services Ltd, Horizon North Logistics Inc., Signature Systems Group, LLC, Checkers Safety Group, Bridgewell Resources, Spartan Mat, Access Terrain Services, and Quality Mat Company, among others.

Prominent players are providing innovative and customizable mats to capture untapped niche end-uses, while emerging players are focusing on expanding their geographical footprint to America and Western Europe to leverage the high demand and supportive government initiatives.

XploreMR has recently published a report on the rig and oilfield mats market that includes global industry analysis for 2014-2018 & forecast for 2019-2029, and offers a comprehensive assessment of the most market dynamics. After conducting thorough research on the historical as well as current growth parameters of the rig and oilfield mats market, growth prospects of the market are obtained with maximum precision.

Rig and Oilfield Mats Market Analysis 2019-2029

XploreMR has recently published a report on the rig and oilfield mats market that includes global industry analysis for 2014-2018 & forecast for 2019-2029, and offers a comprehensive assessment of the most market dynamics. After conducting thorough research on the historical as well as current growth parameters of the rig and oilfield mats market, growth prospects of the market are obtained with maximum precision.

Oilfield mats and drilling rig mats are among the integral component used in most manufacturing operations in the oil & gas industry, and their demand is growing at an impressive rate with the rise in oil exploration activities in remote areas. Furthermore, end users from the construction and forestry industry are also triggering demand for rig and oilfield mats with unique performance characteristics such as high stability and durability. As most end users are making a switch from wooden mats to composite mats, mainly due to declining quality of timber, leading players in the rig and oilfield mats market have increased focus on introducing innovative and high-quality engineered materials to gain a competitive edge amidst these shifts in market trends.

Market Segmentation

The global rig and oilfield mats market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

End Use

Region

  • Wood Mats
  • Composite Mats
  • Steel Mats
  • Oil and Gas
  • Electrical T&D Construction & Maintenance
  • Wind
  • Infrastructure Construction
  • Military
  • Helipad
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • MEA
  • APEC
  • China

Chapter 01 – Executive Summary

The report commences with the executive summary of the rig and oilfield mats market, which includes a summary of the key findings and statistics of the market. It also includes the global market outlook, supply-side as well as demand-side trends, recommendations, etc.

Chapter 02 – Market Introduction

In this chapter, readers can find the definition and detailed taxonomy of the rig and oilfield mats market, which will help them understand the basic information about the rig and oilfield mats market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the rig and oilfield mats market report.

Chapter 03 – Market Background & Viewpoint

The report provides definition, which will help readers understand basic information about the rig and oilfield mats market. This will help readers understand the scope of the rig and oilfield mats market report. The report covers Porter’s Five Force analysis and relevant macro-economic factors. It includes drivers, restraints, opportunities, market trends, and key developments of the rig and oilfield mats market. This section explains emerging trends in the global rig and oilfield mats market and market snapshot.

Chapter 04 – Global Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029

The chapter includes global rig and oilfield mats historical data and forecast analysis 2014-2018. The chapter also covers rig and oilfield mats market value (US$ Mn) and volume (Th sq.ft.) forecast data, 2019–2029 and absolute $ opportunity analysis, 2014-2018.  

Chapter 05 – Global Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029, by Product

Based on product type, the rig and oilfield mats market is segmented into wood mats, composite mats, and steel mats. In this chapter, readers can find information about key trends and developments in the rig and oilfield mats market and market attractiveness analysis based on the product.

Chapter 06 – Global Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029, by End Use

Based on end use, the rig and oilfield mats market is segmented into oil and gas, electrical T&D construction & maintenance, wind, infrastructure, construction, military, and helipad. In this chapter, readers can find information about key trends and developments in the rig and oilfield mats market and market attractiveness analysis based on product type.

Chapter 07 – Global Rig and Oilfield Mats Market Analysis and Forecast, by Region

This chapter explains how the rig and oilfield mats market will grow across several geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, MEA, APEC, and China.

Chapter 08 – North America Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029

This chapter includes a detailed analysis of the growth of the North America rig and oilfield mats market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on technologies and countries in North America.

Chapter 09 – Latin America Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029

This chapter includes a detailed analysis of the growth of the Latin America rig and oilfield mats market, along with a country-wise assessment that includes Brazil, Mexico, and the Rest of Latin America. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Latin America.

Chapter 10 – Western Europe Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029

This chapter includes a detailed analysis of the growth of the Europe rig and oilfield mats market, along with a country-wise assessment that includes Germany, France, the UK, Nordic, and the Rest of Western Europe. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Western Europe.

Chapter 11 – Eastern Europe Rig and Oilfield Mats Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of the Eastern Europe rig and oilfield mats market, along with a country-wise assessment that includes Russia, Poland, and Rest of Eastern Europe. Readers can also find regional trends, regulations, and market growth based on technologies and countries in Eastern Europe.

Chapter 12 – Middle East & Africa (MEA) Rig and Oilfield Mats Market Analysis 2014 - 2018 & Forecast 2019 - 2029

This chapter provides information about how the rig and oilfield mats market will grow in countries of the Middle East & Africa (MEA), such as GCC Countries, Northern Africa, Western Africa, Iran, and the Rest of MEA during the forecast period of 2019-2029. Readers can also find regional trends, regulations, and market growth based on technologies and countries in MEA.

Chapter 13 – APEC Rig and Oilfield Mats Market Analysis 2014–2018 and Forecast 2019–2029

This chapter includes a detailed analysis of the growth of India, Indonesia, Malaysia, Australia, and the Rest of APEC markets. Readers can also find regional trends, regulations, and market growth based on technologies and countries in APEC.

Chapter 14 – China Rig and Oilfield Mats Market Analysis 2014 - 2018 & Forecast 2019 – 2029

This chapter includes a detailed analysis of the growth of China. Readers can also find regional trends, regulations, and market growth based on technologies and countries in China.

Chapter 15– Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the rig and oilfield matsmarket, along with their market presence analysis by region and product portfolio.

Chapter 16 – Competitive Landscape and Company Profiles

Readers can find a comprehensive list of all the prominent stakeholders in the rig and oilfield matsmarket, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the rig and oilfield mats report are Horizon North Logistics Inc., Strad Energy Services Ltd, Newpark Resources Inc., Signature Systems Group, LLC, Checkers Safety Group, Bridgewell Resources, Spartan Mat, Access Terrain Services, MaXXiMaT, and Quality Mat Company, among others.

Chapter 17 – Revised Forecast Rationale

This chapter includes previous Vs forecasted industry analysis for the rig and oilfield mats market. The chapter covers value (US$ Mn) and volume (Th sq. ft.) and key takeaways.

Chapter 18 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the rig and oilfield mats market report.

Chapter 19 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the rig and oilfield mats market.