Global Oilfield Rotary Table Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

500 Tons – 1,000 Tons, 1,000 Tons – 1,500 Tons.

By Application;

Onshore and Offshore.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn902289244 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Oilfield Rotary Table Market (USD Million), 2021 - 2031

In the year 2024, the Global Oilfield Rotary Table Market was valued at USD 697.21 million. The size of this market is expected to increase to USD 800.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.0%.

The Global Oilfield Rotary Table Market encompasses the manufacturing, distribution, and deployment of essential equipment used in drilling operations within the oil and gas industry. Crown blocks, a fundamental component of drilling rigs, play a pivotal role in supporting the lifting mechanism responsible for raising and lowering drill strings and other heavy equipment during drilling and completion activities. As a critical element of the drilling rig's hoisting system, crown blocks are essential for maintaining operational efficiency, safety, and productivity in both onshore and offshore drilling operations worldwide.

The market forOilfield Drilling Elevatorss is driven by the continual demand for hydrocarbon resources and the need to access increasingly challenging and remote drilling locations. Factors such as technological advancements, exploration and production activities, and regulatory frameworks influence market dynamics, shaping the demand for crown blocks across different regions and operational environments. As the global energy landscape evolves, driven by shifts in energy demand, technological innovation, and environmental considerations, theOilfield Drilling Elevators market remains integral to the upstream sector, supporting the exploration, development, and production of oil and gas reserves essential for meeting global energy needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Oilfield Rotary Table Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Oil Prices
        2. Exploration and Production Activities
        3. Technological Advancements
        4. Regulatory Environment
      2. Restraints
        1. Volatility in Oil Prices
        2. Stringent Environmental Regulations
        3. Shift Towards Renewable Energy
        4. Technological Disruptions
      3. Opportunities
        1. Technological Advancements
        2. Emerging Markets
        3. Focus on Unconventional Resources
        4. Renewable Energy Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Oilfield Rotary Table Market, By Type, 2021 - 2031 (USD Million)
      1. 500 Tons – 1,000 Tons
      2. 1,000 Tons – 1,500 Tons
    2. Global Oilfield Rotary Table Market, By Application, 2021 - 2031 (USD Million)
      1. Onshore
      2. Offshore
    3. Global Oilfield Rotary Table Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. RM Holding BV
      2. Pickett Oilfield
      3. CMIC Ocean En-Tech Holding Co. Ltd.
      4. Schlumberger Ltd.
      5. MHWirth AS
      6. National Oilwell Varco Inc.
      7. Chengdu Zhonghang Machinery Co. Ltd.
      8. YZS
      9. Shaanxi FYPE Rigid Machinery Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market