Global HDD tools analysis

The global market is projected to advance and display a sustainable growth represented by a CAGR of over 6.34% during 2017 - 2022, primarily driven by rising prevalence of applicability of horizontal directional drilling (HDD) technique for infrastructure development.

The rising prevalence of applicability of HDD techniques for infrastructure development is backing the growth of the global HDD tools market.

Additionally, installation of sub-surface optical fibre cables and pipes in oil and gas exploration activities will drive the global HDD tools market across various regions.

The HDD market is expected to grow in the forecast period on the back of increasing telecommunication and internet penetration. Asia Pacific accounts for the largest regional share in the global HDD tools market in 2016.

Asia Pacific is also projected to progress at the highest rate.

The report intends to provide cutting-edge market intelligence to help decision makers take sound investment decisions. The report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities. Additionally, the report highlights market entry strategies for various companies across the globe.

The report includes profiles on the following companies:

• American Augers.


• Ditch Witch.


• Goodeng Machine.


• Herrenknecht AG.


• Prime Drilling.


• Sandvik.


• Toro.


• Vermeer.


• XCMG.

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Read the article online at: https://www.worldpipelines.com/equipment-and-safety/20122017/global-hdd-tools-analysis/