Rig And Oilfield Mats Market

Name: Rig And Oilfield Mats Market
Brand: Future Market Insights
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Rig and Oilfield Mats Market: Sales of Wood and Composite Mats Growing Neck-and-Neck: Global Industry Analysis, 2014 - 2018 and Opportunity Assessment, 2019 - 2029

2019-10-15
REP-GB-4671
24 Tables
136 Figures
206 pages

An Incisive, In-depth Analysis on the Rig And Oilfield Mats Market

This study offers a comprehensive, 360 degree analysis on the Rig And Oilfield Mats market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rig And Oilfield Mats market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Rig and Oilfield Mats Market - Key Research Findings

The rig and oilfield mats market is anticipated to be valued at ~US$ 1 Bn in 2019.
The rig and oilfield mats market is estimated to grow at a CAGR of ~5% over the forecast period.
Ongoing pipeline operations across the globe are expected to fuel the rig and oilfield mats market growth.
- Primarily, North America is expected to remain prominent in terms of market share over the forecast period. The demand for rig and oilfield mats has readily increased as manufacturers in the region are targeting utility companies after oil and gas operators, due to continued urbanisation and growing population.
- Heavy upsurge in crude oil prices and significant amount of activities in the oil and gas industry in the region, have created substantial demand for rig and oilfield mats over the forecast period.
- Moreover, the demand for rig and oilfield mats is growing due to shifting end-user preference for composite mats over other alternatives. Composite mats are preferred owing to their quality and cost-effectiveness, along with their eco-friendly properties.
As compared to wood and steel mats, composite mats will gain significant traction over the forecast years and are expected to remain the most-preferred product among the end-use industries. Moreover, technological advancements such as use of skid-proof materials and anti static fibres in design of rig and oilfield mats will drive sales during the forecast period.
North America is expected to hold a significant market share in terms of value, followed by Western Europe. MEA and China, which are predicted to grow considerably over the forecast period.
The rig and oilfield mats market shows a fair level of consolidation, and comprises of several market players who are continuously focusing on enhancing their product offerings by offering patented technologies and customized size of mats, to gain competitive edge over contemporaries.
Emerging players in the rig and oilfield mats market are improving their product hand-outs by investing in research and development activities and offering innovative rig and oilfield mats and similar products.
Manufacturers in countries such as U.S., Mexico, Canada and China are investing in more and more onshore projects.
- For instance, drilling activity across the globe reduced by more than 30% in 2016 as compared to 2015, especially in the U.S., where more than 45% decline was registered. However, current excessive exploration and production in North America has significantly driven the demand for rig and oilfield mats and thus, has positively impacted the rig mat market growth.

Factors Shaping the Rig and Oilfield Mats Market

Growing Remote Operations in the Oil & Gas Industry

Key players in the oil and gas industry are entering remote areas for exploration, drilling, and production activities. Key oil and gas operators in these regions are acquiring contracts for such remote sites. Some of these remote sites are exposed to wet and humid conditions. Such an environment is also not suitable for common operations and hence, matting solutions are required. Thus, drilling operations in remote sites are directly driving the adoption of rig and oilfield mats.

US-based oil and gas operators are moving towards Alaska and other sites for drilling applications, which is expected to drive the rig and oilfields mats market growth in the near future.
Increasing Adoption of Composite Mats

Sales of composite mats are being driven by Western European countries and the US. This is majorly due to the reduction in the quality of timber. Wood mat manufactures are currently switching to composite or engineered mats in these regions. In addition, governing bodies in the US, Canada, and European Union have laid regulations to stop environmental degradation. Though wood mats are cheaper than composite mats, users prefer composite mats over wood mats, due to differences in quality.
Minimizing Local Environmental Concerns

Environmental concerns regarding deforestation have strongly impacted the production and sales of wood mats in European countries. Strong regulations have been laid globally to curb the production of wood mats. According to the Texas Forest Commission, it takes 60 years to grow a milling size tree for a wood mat. In addition to that, oil field equipment, cranes, offshore equipment and other heavy duty equipment, are getting bigger and thus, require strong and quality wood mats in wet field conditions. Industrial applications in construction industry, offshore wind energy infrastructure, etc., are also looking for products that offer stronger lifecycle and are lower in cost, which is reducing the adoption rate of wood mats, in turn, creating opportunities for manufacturers of composite, engineered, or custom-fabricated mats. It is estimated that these mats provide five times the service life of wood mats.

Rig and Oilfield Mats Market Structure Assessment

The rig and oilfield mats market is a consolidated market, wherein tier-2 players grasp majority of the rig and oilfield mats market share.
Key manufacturers in the rig and oilfield mats market are targeting for penetration in North America and Western Europe, where growing GDP and governmental initiatives in order to increase manufacturing and investment in end-use applications will enhance sales of rig and oilfield mats.
Key market players in the rig and oilfield mats market, such as 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, MaXXiMaT, and Quality Mat Company, among others are expanding their product listings by incorporating innovative & customized rig and oilfield mats.
Tier-1 players are strengthening their positions in the rig and oilfield mats market by offering innovations and customized rig and oilfield mats, according to customer and end-use industry requirements.

Rig and Oilfield Mats Market Analysis 2019-2029

Future Market Insights 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

Report Chapters

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.

Sources and Primary Research Splits (%)

Industry Interactions