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Oil and Gas Drilling Equipment Manufacturing in the US - Market Size (2005–2030)

NAICS OD4724 Last Updated: December 2024
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$14.0bn Oil and Gas Drilling Equipment Manufacturing in the US Market Size in 2024
-1.8% Oil and Gas Drilling Equipment Manufacturing in the US Market Size Growth in 2024
-3.4% Oil and Gas Drilling Equipment Manufacturing in the US Market Size CAGR 2019-2024
Oil and Gas Drilling Equipment Manufacturing in the US Market Size CAGR 2024-2029

Curious about what drives these trends? IBISWorld's Oil and Gas Drilling Equipment Manufacturing in the US Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Oil and Gas Drilling Equipment Manufacturing in the US in 2023?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US was $14.2bn in 2023.

  • What was the growth rate of the Oil and Gas Drilling Equipment Manufacturing in the US in 2023?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US increased 12.2% in 2023.

  • What was the market size of the Oil and Gas Drilling Equipment Manufacturing in the US in 2024?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US is $14.0bn in 2024.

  • What is the growth rate of the Oil and Gas Drilling Equipment Manufacturing in the US in 2024?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US decreased -1.8% in 2024.

  • Has the Oil and Gas Drilling Equipment Manufacturing in the US grown or declined over the past 5 years?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US has grown at a 12.2% CAGR between 2018 and 2023.

  • Is the Oil and Gas Drilling Equipment Manufacturing in the US expected to grow or decline over the next five years?

    See our full analysis of the Oil and Gas Drilling Equipment Manufacturing in the US to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Oil and Gas Drilling Equipment Manufacturing in the US grown or declined over the past 5 years?

    The market size of the Oil and Gas Drilling Equipment Manufacturing in the US has declined at a -3.4% CAGR between 2019 and 2024.

  • Is the Oil and Gas Drilling Equipment Manufacturing in the US expected to grow or decline over the next five years?

    See our full analysis of the Oil and Gas Drilling Equipment Manufacturing in the US to understand if the industry market size is expected to grow or decline over the next five years.

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