Global Large Rig Market Growth 2025-2031

The global Large Rig market size is predicted to grow from US$ 3491 million in 2025 to US$ 4986 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

Large-scale drilling rigs that can drill into the earths crust to a depth of more than a thousand meters. During drilling, the mud pump circulates the mud through the drill pipe and bit into the casing annulus, cools the bit and removes cuttings. The lifting system on the drilling rig can lift hundreds of tons of drill pipe. Other equipment can pump acid or sand into the reservoir, conduct fracturing operations, and direct crude oil or natural gas away from the reservoir to the surface.

According to research data from our companys Engineering Machinery Research Center, the total sales revenue of the top 50 global engineering machinery manufacturers reached 230 billion US dollars in 2022. Asian companies have an absolute advantage, accounting for 50% of sales revenue, followed by Europe, accounting for 26% of sales revenue, and North America, accounting for 23%. The top 50 global host manufacturing companies, Construction Machinery, sold approximately 1.2 million units of construction machinery equipment in 2021, with sales increasing by 9%. China is currently the worlds largest factory machinery market, with construction machinery enterprises accounting for 24% of total sales in 2022, making it the country with the highest proportion. According to data from the China Machinery Industry Federation, the operating revenue of the construction machinery industry decreased by more than 12% in 2022. The operating revenue of the Chinese construction machinery industry in 2022 was 797.7 billion yuan, and Chinas annual export value reached 44.3 billion US dollars, with a net increase in export value of 23.3 billion US dollars in two years.

Infinity Market Research newest research report, the Large Rig Industry Forecast looks at past sales and reviews total world Large Rig sales in 2024, providing a comprehensive analysis by region and market sector of projected Large Rig sales for 2025 through 2031. With Large Rig sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Large Rig industry.

This Insight Report provides a comprehensive analysis of the global Large Rig landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Large Rig portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Large Rig market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Large Rig and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Large Rig.

This report presents a comprehensive overview, market shares, and growth opportunities of Large Rig market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Single Arm
    Double Arm
    Multi Arm

Segmentation by Application:

    Mining
    Railway and Highway Construction
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Epiroc
    Furukawa Rock Drill
    Herrenknecht AG
    Joy Mining Machinery
    Mine Master
    Resemin
    Sandvik Mining and Rock Technology
    XCMG
    Komatsu Mining Corp.
    J.H. Fletcher
    Sitoncn

Key Questions Addressed in this Report

What is the 10-year outlook for the global Large Rig market?
What factors are driving Large Rig market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Large Rig market opportunities vary by end market size?
How does Large Rig break out by Type, by Application?