Horizontal Directional Drilling (HDD) Tools Market (Updated Version Available)

The universal Horizontal Directional Drilling (HDD) Tools market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Horizontal Directional Drilling (HDD) Equipment, commonly called directional boring, is a steerable trenchless method of installing underground pipes, conduits and cables in a shallow arc along a prescribed bore path by using a surface-launched drilling rig, with minimal impact on the surrounding area. Directional boring is used when trenching or excavating is not practical. It is suitable for a variety of soil conditions and jobs including road, landscape and river crossings.
In the coming years there is an increasing demand for Horizontal Directional Drilling (HDD) Tools in the regions of North America and Europe that is expected to drive the market for more advanced Horizontal Directional Drilling (HDD) Tools. Growth in government budgets in the principal countries, increasing of telecommunication fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Horizontal Directional Drilling (HDD) Tools will drive growth in North America and Europe markets.
Globally, the Horizontal Directional Drilling (HDD) Tools industry market is concentrated as the manufacturing technology of Horizontal Directional Drilling (HDD) Tools is relatively matures than some high-tech equipment. And some enterprises, like C Herrenknecht AG, Toro, XCMG, Vermeer, etc. are well-known for the wonderful performance of their Horizontal Directional Drilling (HDD) Tools and related services. At the same time, Asia-Pacific, occupied 41% Horizontal Directional Drilling (HDD) Equipment sales market share in 2017, is remarkable in the global Horizontal Directional Drilling (HDD) Tools industry because of their lower cost of raw material and labor.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

In the global Horizontal Directional Drilling (HDD) Tools market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In market segmentation by manufacturers, the report covers the following companies-
Vermeer
Ditch Witch
Herrenknecht AG
Toro
XCMG
Goodeng Machine
Dilong
Drillto
DW/TXS
Prime Drilling
Huayuan
TRACTO-TECHNIK
Zoomlion
Lianyungang Huanghai
Terra
CHTC JOVE
Forward Group
Barbco

In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In market segmentation by types :
Small HDD
Medium HDD
Large HDD

In market segmentation by applications :
Oil and Gas
Telecommunication
Water Related
Electric Transmission
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Horizontal Directional Drilling (HDD) Tools market for the forecast period 2020 - 2025?
• What are the driving forces in the Horizontal Directional Drilling (HDD) Tools market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Horizontal Directional Drilling (HDD) Tools industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?