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Horizontal Directional Drilling (HDD) Equipment Market Share

Report ID: GMI9060
Published Date: Apr 2024
Report Format: PDF

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Horizontal Directional Drilling Equipment Market Share

Herrenknecht AG and Vermeer Corporation dominate the market with around 10% market share. Herrenknecht AG provides personalized HDD equipment solutions designed to meet the unique needs and demands of customers, encompassing various projects ranging from extensive infrastructure endeavours to urban construction sites and complex geological terrains. These offerings include value-added services like project advisory and equipment customization.

Vermeer Corporation endeavors to broaden its worldwide dealer network to enhance market penetration, customer accessibility, and service availability. By collaborating with established dealerships and service providers, Vermeer seeks to provide localized support and specialized expertise to its global customer base.

Horizontal Directional Drilling Equipment Market Companies

Major players operating in the horizontal directional drilling equipment industry are:

American Augers
Astec Industries, Inc.
Ditch Witch
Epiroc
Herrenknecht AG
Melfred Borzall Inc.
Midwest Mole
TT Technologies, Inc.
Vermeer Corporation
XCMG Group

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of horizontal directional drilling equipment was reached USD 7.3 billion in 2023 and is estimated to register 6% CAGR between 2024 and 2032, owing to the rising urbanization and population growth.

The onshore application segment in the horizontal directional drilling equipment industry accounted for over 65% revenue share in 2023, as it often faces fewer problematic ground conditions than offshore drilling.

North America horizontal directional drilling (HDD) equipment market accounted for a share of 33% in 2023, attributed to subterranean infrastructure, which includes water distribution systems, telephone networks, and oil & gas pipelines, for improvements and development.

American Augers, Astec Industries, Inc., Ditch Witch, Epiroc, Herrenknecht AG, Melfred Borzall Inc., Midwest Mole, TT Technologies, Inc., Vermeer Corporation and XCMG Group