Crown Block Market - Top Companies and Manufacturers

  • Report ID: 1357
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Companies Dominating the Crown Block Market

    • Nabors Industries Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Zhongman Petroleum Equipment Group Co. Ltd
    • Boart Longyear
    • VAALCO Energy, Inc.
    • Chevron Corporation

Browse Key Market Insights with Data Illustration:

In the News

  • On March 9, 2023, there was encouraging news from Kuwait after passing the pre-qualification of PEMEX Equipment Supply and Equipment Leasing. The pre-qualification process for providing drilling rigs and rig parts by Kuwait Oil Company (KOC) was successfully completed by Zhongman Petroleum Equipment Group Co. Ltd. (ZPEC), creating the groundwork for ZPEC's entry into the Kuwaiti market.
  • A new LM Deephole underground drilling rig has been launched by Boart Longyear, the top global supplier of drilling services, tools, and equipment. Boart Longyear continues to provide products with productivity, dependability, and safety that dominate the industry. With the addition of a new PQ drill head, the new rig will expand upon the existing well-liked LM110 and Nitro-ChuckTM platforms. For NQ size, the drill will enable a 50% improvement in drilling depth. The rig is equipped with a rod handler for increased safety and, like all LM drills, can be controlled remotely via the DCiTM (Drill Control Interface).

Author Credits:  Dhruv Bhatia


  • Report ID: 1357
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of crown block is evaluated at USD 1.72 billion.

The crown block market size was valued at USD 1.65 billion in 2024 and is expected to reach USD 3.23 billion by 2037, registering around 5.3% CAGR during the forecast period i.e., between 2025-2037. Declining cost of raw materials, advancement in crown block technologies, and increasing use in the oil and gas industry will boost the market growth.

Europe industry is anticipated to account for largest revenue share of 35% by 2037, due to growing construction sector, new and cutting-edge technologies in the region.

The major players in the market include Nabors Industries Ltd, Zhongman Petroleum Equipment Group Co. Ltd, Boart Longyear, VAALCO Energy, Inc., Chevron Corporation
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