Visiongain has published a new report entitled Land Drill Rigs Market Report 2025-2035 (Including Impact of U.S. Trade Tariffs): Forecasts by Type (Mobile Rigs, Conventional Rig), by Power Type (1500 hp to 2500 hp, More than 2500 hp, Less than 1500 hp), by Bit Types (Polycrystalline Diamond Compact Drill Rigs, Tri-Cone Drill Rigs, Diamond Core Drill Rigs, Other), by Well Class (Oil Wells, Gas Wells, Water Wells, Coalbed Methane (CBM) Production Wells, Other), by Technology (Top Drive Rigs, Rotary Table Rigs, Mud Rotary Rigs, Automated Electric Rigs, Cable Tool Rigs, Diamond Core Rigs) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies.

The global land drill rigs market is estimated at US$40,847.8 million in 2025 and is projected to grow at a CAGR of 4.8% during the forecast period 2025-2035.

Technological Advancements in Rig Automation and Mobility

The introduction of highly mobile and automated land rigs has revolutionised drilling efficiency, reducing downtime and increasing well productivity. Modern rigs feature advanced control systems, modular designs, and data-driven technologies to optimise operations and reduce environmental impact.

NOV (National Oilwell Varco) and Schlumberger are leading in automation technology integration. NOV’s Ideal™ rig systems and Schlumberger’s DrillOps platform are enabling faster rig-up times, improved safety, and reduced manpower requirements, making them increasingly attractive to drilling contractors and operators.

Redeployment of Idle Rigs in Mature Markets through Upgrades

Several mature markets like the U.S., Canada, and Russia have idle land rigs that can be refurbished and upgraded for redeployment. This represents an opportunity for OEMs, parts suppliers, and service providers to offer retrofit solutions, automation modules, and maintenance services, extending rig lifecycle and profitability.

Companies like Weatherford and Precision Drilling increasingly offer rig refurbishment services and equipment modernisation packages. With rising drilling activity post-COVID-19, particularly in the Permian Basin and Western Canada, the upgrade and redeployment segment is gaining momentum.

What are the Current Market Drivers?

Expansion of Unconventional Resource Development

The rapid growth in the extraction of shale gas, tight oil, and coal-bed methane (CBM) has accelerated demand for customised land rigs capable of horizontal and directional drilling. These unconventional resources require specialised equipment that can withstand complex drilling environments.

Example: In North America, the shale boom continues to drive rig demand, with companies like Precision Drilling and Patterson-UTI offering high-spec rigs for multi-pad horizontal drilling operations. In China, CNPC’s Great Wall Drilling has been investing in advanced rigs to support domestic shale gas development in Sichuan and Chongqing provinces.

Rising Investments in National Energy Independence Programs

Countries seeking to reduce energy imports and enhance domestic production invest heavily in land-based drilling operations. Governments are introducing favourable policies, licensing rounds, and public-private partnerships to encourage upstream development.

India’s ONGC and Oil India Ltd have committed substantial capital to land drilling projects across Assam and Gujarat, supported by government incentives under the “Atmanirbhar Bharat” energy self-reliance mission. Similarly, Argentina’s YPF is scaling up operations in the Vaca Muerta shale formation using advanced land rigs.

Where are the Market Opportunities?

Expansion into Emerging Oil & Gas Markets in Africa and Latin America

Many emerging economies possess vast onshore hydrocarbon reserves that remain underexplored. These regions offer significant opportunities for land drilling contractors and equipment manufacturers to expand their footprint by leveraging local partnerships, favourable government policies, and increasing exploration investments.

Companies such as KCA Deutag and Sinopec Oilfield Service Corporation are expanding operations in Nigeria, Uganda, and Colombia. Government-led initiatives like Uganda’s oil development program and Brazil’s push for onshore licensing rounds are creating lucrative entry points for land drill rig providers.

Growing Demand for Environmentally Friendly and Low-Emission Rigs

As environmental concerns and carbon emission regulations intensify, there is a growing need for eco-friendly land rigs. Companies that invest in cleaner technologies such as hybrid or electric-powered rigs, reduced flaring systems, and digital platforms for emissions monitoring can capitalise on this ESG opportunity.

Helmerich & Payne (H&P) is exploring cleaner rig technologies, while Ensign Energy Services is marketing its ADR® (Automated Drilling Rig) series with features to reduce environmental footprint. Companies that proactively align with ESG trends will likely gain a competitive edge.

Competitive Landscape

The major players operating in the land drill rigs market are Bentec GmbH Drilling & Oilfield Systems, Helmerich & Payne, Inc., Independence Contract Drilling, Inc., KCA Deutag, KWIPPED, Lamprell plc, MD Cowan, Inc, Nabors Industries Limited, NOV Inc., Patterson-UTI Energy, Inc., Precision Drilling Corporation, RG Petro-Machinery Group Co., Ltd., Rig Source, Inc., TOTAL Oil Rig Leasing Ltd, United Rentals, Inc. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments

• 14-Mar-25, NOV Inc. secured a $150 million contract to supply advanced drilling equipment for offshore and onshore oil fields across the Middle East and North America. The contract includes top drives, mud pumps, and automated drilling control systems, strengthening NOV’s position as a key supplier for global energy projects.
• 14-Mar-25, United Rentals announced the acquisition of a regional equipment rental firm to strengthen its presence in the Midwest. The deal includes over 1,500 rental assets and expands its customer base in the construction and oilfield services sectors.
• 27-Feb-25, The company launched a next-generation automated drilling system, integrating AI-driven performance analytics to optimise drilling efficiency and reduce operational costs.

Press Release Notes for Editors

If you would like a more detailed overview of this report, please email contactus@visiongain.com or call +44 207 336 6100.

What is included in this report?

Visiongain’s 425-page report provides 121 tables and 196 charts/graphs. It evaluates the overall global and regional market for Land Drill Rigs. Get financial analysis of the overall market and different segments, including type, power type, bit types, well class, technology, and company size. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will improve strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise productivity.