2013 HDD Machine industry insight 13-Rig age distribution

Publication Date: 2020-07-23

2013 HDD Machine industry insight 13-Rig age distribution

Date: 20200723

The age of the horizontal directional drilling rig provides an interesting dynamic imagination. On the one hand, the number of rigs in use over 10 years has continued to increase (accounting for 15.7% of the total number of rigs); on the other hand, the number of rigs in use less than 2 years has also increased (accounting for 17.1). On the surface, this can be confusing, but in fact it perfectly reflects the overall situation of the market. The hardware part of the horizontal directional drilling rig remains relatively stable, while the reliability and advancement are mainly concentrated on the drive system, drilling tools and electronic products. In addition, manufacturers have been paying attention to what kind of drilling rigs perform best in the field after the collapse of fiber optic telecommunications projects in the 1990s and early 2000s. These manufacturers know how to manufacture long-life, high-quality drilling rigs, and contractors benefit a lot from long-life drilling rigs. On the other hand, the development of the telecommunications and energy industries in recent years has driven the continued prosperity of the horizontal directional drilling market, driving contractors to expand the scale of drilling rigs and increasing their desire to purchase drilling rigs. This is mainly reflected in the number of rigs that are 2 to 5 years old. Last year, 43.5% of rigs were between 5 and 10 years old, and rigs that were 2 to 5 years old accounted for 26.6%. And this year, the rigs with the age of 2 to 5 years and 5 to 10 years are 40.7% and 26.5% respectively.