Jack-Up Rig Market Analysis and Forecast by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Jack-Up Rig Market covers analysis By Type (Independent Leg Type, Mat Type); Application (Mobile Offshore Drilling Units, Offshore Wind Turbine Installations, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00015995
  • Category : Automotive and Transportation
  • No. of Pages : 150
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MARKET OVERVIEW



The Jack-Up Rig is developing and expanding at a significant pace. The Jack-up Rig is fundamentally a mobile platform that is utilized as exploratory drilling platform & offshore platform which contains of a light hull with movable legs along with holding the capability of lifting the hull over the sea surface. The Light hull is a water-tight barge that floats on the surface of the water & utilized to transport all machinery to a specific location. However, a wide usage of these rig are likely to drive the market.

MARKET SCOPE



The "Global Jack-up rig Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the jack-up rig market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading jack-up rig market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



  •   Based on type, the global jack-up rig market market is segmented into independent leg type independent leg type, mat type.
  •   On the basis of application, the market is segmented into mobile offshore drilling units, offshore wind turbine installations, and others.

MARKET DYNAMICS


Drivers



  •   The demand for jackup rigs is rising because of ascending demand for oil and gases.

Restraints



  •   Installation of jackup rigs requires a lot of investment which is not pocket-friendly for many of the end-users.

REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The jack-up rig market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Jack-up rig market in these regions.

IMPACT OF COVID-19 ON JACK-UP RIG MARKET


COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS



The report covers key developments in the jack-up rig market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Jack-up rig market market are anticipated to lucrative growth opportunities in the future with the rising demand for Jack-up rig market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Jack-up rig market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   COSL
  •   Daleel
  •   Diamond Offshore Drilling, Inc.
  •   KCA DEUTAG Ltd
  •   Maersk Drilling
  •   Noble Corporation plc
  •   Rowan Companies Inc.
  •   Seadrill Limited
  •   Shelf Drilling
  •   Transocean Ltd.


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Jack-Up Rig Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Independent Leg Type
  • Mat Type
By Application
  • Mobile Offshore Drilling Units
  • Offshore Wind Turbine Installations
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Borr Drilling
  • China Oilfield Services Limited (COSL)
  • Maersk Drilling
  • Nabors Industries Ltd.
  • Seadrill Limited
  • Seajacks Ltd.
  • Shelf Drilling Ltd
  • Spartan Offshore Drilling, LLC
  • Transocean Ltd.
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

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    The List of Companies

    1. Borr Drilling
    2. China Oilfield Services Limited (COSL)
    3. Maersk Drilling
    4. Nabors Industries Ltd.
    5. Seadrill Limited
    6. Seajacks Ltd.
    7. Shelf Drilling Ltd
    8. Spartan Offshore Drilling, LLC
    9. Transocean Ltd.
    10. WaveWalker BV
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