Based on machine parts, the market has been segmented into rigs, pipes, bits, reamers, and others. The rigs segment accounted for over 55.0% of the horizontal directional drilling machines market revenue in 2018. The growth of the segment can be attributed to surging demand for efficient rigs in HDD projects for distant pipeline installations.
Rigs are one of the essential equipment in horizontal directional drilling setup. Hence, they tend to be expensive as compared to other parts in the setup. Moreover, rigs also need to be maintained to ensure a safer and prolonged operational life for them. The reamers segment is estimated to witness significant growth over the forecast period. The ability of reamers to enlarge drilled holes beneath the ground, irrespective of soil conditions, is anticipated to contribute to the growth of the segment.
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