Yielding a market value of USD 1.79 billion in 2024, the rig and oilfield mat market is in for a moderate growth trajectory. From 2024 to 2034, lead analysts at Future Market Insights speculate a CAGR of 5.1%.
Several technological advancements and investments in upgrading production techniques are in store. Such developments are likely to push the market for rig and oilfield mats to a valuation of USD 2.94 billion by 2034.
Attributes | Key Insights |
---|---|
Estimated Market Size in 2024 | USD 1.79 billion |
Projected Market Value in 2034 | USD 2.94 billion |
Value-based CAGR from 2024 to 2034 | 5.1% |
The historical CAGR of 3.7% elevated the global rig and oilfield mat market from USD 1.43 billion in 2019 to USD 1.71 billion in 2023. The historical period's fundamental market driver shifted consumer needs from traditional mats to engineered mats. This created lucrative chances for the production of relevant mats.
However, the pandemic period affected the growth of the sector. This is because governments imposed strict regulations in terms of lockdowns, affecting many businesses.
Historical CAGR from 2019 to 2023 | 3.7% |
---|---|
Forecast CAGR from 2024 to 2034 | 5.1% |
The pot pandemic period will likely fuel the market, as relaxed restrictions will fuel the construction and oil extraction businesses. The frequent requirements for these industries create lucrative growth chances for the subject market, and this is a primary demand generator.
Apart from this, developing Asian countries form formidable opportunity-creating markets as they have undertaken development projects that require stabilizing mats for heavy-duty instruments.
Forecast CAGRs from 2024 to 2034
Countries | Forecasted CAGR |
---|---|
Canada | 5.5% |
The United Kingdom | 5.4% |
China | 4.1% |
South Korea | 15.3% |
India | 4.6% |
Based on product type, steel mats deliver numerous benefits, which drive the market segment, justifying its market share.
Category | Product Type - Steel Mats |
---|---|
Market Share in 2024 | 40% |
Market Segment Drivers |
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The oil and gas industry creates lucrative opportunities for the rig and oilfield mat market due to the wider usability of mats.
Category | End-use - Oil & Gas |
---|---|
Market Share in 2024 | 46.9% |
Market Segment Drivers |
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Key strategic expansion initiatives of key players in the industry often govern the market competition. Moreover, the extent to which an organization innovates its products and services plays an active role in cluttering the market space. Strategies like product development, innovation, mergers and acquisitions, partnerships, and global expansions influence the rig and oilfield mat market’s competition.
The new entrants must differentiate their product portfolio by augmenting the market requirements. It can be achieved by creating a market niche through demand generation. Moreover, strategic expansion initiatives can play a great role in fueling their growth.
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 1.79 billion |
Projected Market Valuation in 2034 | USD 2.94 billion |
Value-based CAGR 2024 to 2034 | 5.1% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | By Product, By End Use, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Horizon North Logistics Inc.; Newpark Resources Inc.; Signature Systems Group LLC; Strad Energy Services Ltd; Checkers Safety Group; Spartan Mat; Rig Mats of America Inc.; Quality Mat Company; Canada Rig Mats Ltd.; Alberta Rig Mats; Access Terrain Services |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by End Use, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by End Use, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End Use, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by End Use, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by End Use, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by End Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End Use, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End Use, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by End Use, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End Use, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by End Use, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End Use, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by End Use, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End Use, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by End Use, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by End Use, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End Use, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The rig and oilfield mat market is estimated to propel at a CAGR of 5.1% through 2034.
The rig and oilfield mat market size will be USD 2.94 billion by 2034.
The rig and oilfield mat market is likely to reach USD 1.79 billion in 2024.
The rig and oilfield mat market's steel mat segment holds 40% of the market space in 2024, the highest.
The rig and oilfield mat market's oil & gas segment holds 46.9% of the market space in 2024, the highest.
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