India Drilling Equipment Market Size Report 2033

India Drilling Equipment Market Size, Share, Trends and Forecast by Type, Category, Power Source, Mount Type, Distribution Channel, End Use, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30899

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India Drilling Equipment Market Overview:

The India drilling equipment market size reached USD 294.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 433.8 Million by 2033, exhibiting a growth rate (CAGR) of 4.42% during 2025-2033. The market is driven by rapid infrastructure development, rising oil and gas exploration activities, and government initiatives like 'Make in India,' which promote domestic manufacturing. Increasing investments in construction, renewable energy, and mining further boost demand, alongside technological advancements enhancing drilling efficiency and operational sustainability.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 294.0 Million
Market Forecast in 2033	USD 433.8 Million
Market Growth Rate 2025-2033	4.42%

India Drilling Equipment Market Trends:

Surge in Infrastructure Development Projects

India's economic expansion and urbanization at a lightning speed have triggered a record-level demand for developing infrastructure. Construction of highways, bridges, housing complexes, and commercial buildings needs heavy drilling work, thus the adoption of specialized drilling equipment is pushed. Based on the Ministry of Statistics and Programme Implementation's 2021-22 Annual Survey of Industries, the construction industry has registered a high growth rate, which mirrors more infrastructure projects across the country. This boost in construction operations demands effective drilling solutions for groundwork, soil investigation, and the laying of utilities, driving the drilling equipment market directly. In addition, the government's ambitious projects, including the Smart Cities Mission and Bharatmala, target the development of urban infrastructure and connectivity. These initiatives include mass-scale construction projects that are heavily dependent on drilling machinery for activities like piling and foundation work. The focus on timely and quality project completion further leads to a rising demand for efficient and dependable drilling machines. Overall, India's strong infrastructure development and construction growth is the key driver of the drilling equipment market, supported by government statistics in 2021-22 that highlight the growth trend.

India Drilling Equipment Market Size

Growth in the Oil and Gas Exploration Sector

India's energy requirements have been on the rise, and this has resulted in higher oil and gas exploration efforts. The desire to cut down on oil imports has seen the government encourage domestic exploration, thus raising the demand for drilling equipment. Statistics from the Ministry of Petroleum and Natural Gas reveal that the nation has been aggressively awarding new exploration blocks to expand local production. For example, four new Coal Bed Methane (CBM) blocks with an area of 3,862 sq. km were awarded in September 2022 under the Special CBM Bid Round 2021. Such efforts require sophisticated drilling technologies to effectively exploit unconventional hydrocarbon resources. Additionally, government policy changes strive to invite overseas investment in the oil and gas industry, causing a boost in procurement of drilling equipment with the latest technology. Prioritization of strengthening exploration and production infrastructure supports the country's aim of achieving energy security. To conclude, growth of oil and gas exploration activities coupled with government policies and statistics of 2021 and later majorly influences demand for drilling equipment in India.

India Drilling Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, category, power source, mount type, distribution channel, and end use.

Type Insights:

Drawworks
Traveling Blocks
Coiled Tubing
Drilling Instrumentation
Drilling Generators
Wireline Equipment
Completion Tools
Oil Tools
Pipe Handling Systems
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes drawworks, traveling blocks, coiled tubing, drilling instrumentation, drilling generators, wireline equipment, completion tools, oil tools, pipe handling systems, and others.

Category Insights:

Automatic
Manual

A detailed breakup and analysis of the market based on the category have also been provided in the report. This includes automatic and manual.

Power Source Insights:

Electric
Non-Electric

A detailed breakup and analysis of the market based on the power source have also been provided in the report. This includes electric and non-electric.

Mount Type Insights:

Truck Mounted
Trailer Mounted

A detailed breakup and analysis of the market based on the mount type have also been provided in the report. This includes truck mounted and trailer mounted.

Distribution Channel Insights:

Direct Sales
Indirect Sales

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes direct sales and indirect sales.

End Use Insights:

Construction
Oil and Gas
Mining
Water Management
Others

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes construction, oil and gas, mining, water management, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Drilling Equipment Market News:

February 2025: Dolphin Drilling's Blackford Dolphin semisubmersible rig commenced operation for Oil India Ltd. in November 2024, adding strength to offshore drilling services demand. Strong rig rates for moored semisubs are expected by the company because of growth in exploration activity. Offshore drilling demand is fueled by this increase, stimulating India's drilling equipment market with greater need for sophisticated rigs and machinery.
September 2024: Epiroc expanded its Hyderabad plant capacity to produce more rock drilling tools and set up an innovation center to support R&D efforts. This investment supports the 'Make in India' initiative, enhancing domestic manufacturing. All these developments propel the Indian drilling equipment market by driving domestic production and innovation.

India Drilling Equipment Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Category Power Source Mount Type Distribution Channel End Use Region
Types Covered	Drawworks, Traveling Blocks, Coiled Tubing, Drilling Instrumentation, Drilling Generators, Wireline Equipment, Completion Tools, Oil Tools, Pipe Handling Systems, Others
Categories Covered	Automatic, Manual
Power Sources Covered	Electric, Non-Electric
Mount Types Covered	Truck Mounted, Trailer Mounted
Distribution Channels Covered	Direct Sales, Indirect Sales
End Use Industries Covered	Construction, Oil and Gas, Mining, Water Management, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India drilling equipment market performed so far and how will it perform in the coming years?
What is the breakup of the India drilling equipment market on the basis of type?
What is the breakup of the India drilling equipment market on the basis of category?
What is the breakup of the India drilling equipment market on the basis of power source?
What is the breakup of the India drilling equipment market on the basis of mount type?
What is the breakup of the India drilling equipment market on the basis of distribution channel?
What is the breakup of the India drilling equipment market on the basis of end use?
What are the various stages in the value chain of the India drilling equipment market?
What are the key driving factors and challenges in the India drilling equipment market?
What is the structure of the India drilling equipment market and who are the key players?
What is the degree of competition in the India drilling equipment market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India drilling equipment market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India drilling equipment market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India drilling equipment industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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