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Drilling & Exploration Equipment Procurement Research Report | Published: Jun 2015

Helping businesses make better purchasing decisions, faster

Drilling & Exploration Equipment: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Drilling & Exploration Equipment procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Drilling & Exploration Equipment, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 11-14
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 14-17
Price Change
Drilling & Exploration Equipment - Recent Price Trend

In the three years to 2015, the price of drilling and exploration equipment has been rising at an average annual rate of 1.3% to about $130,000 per unit. Slow price growth and negligible price volatility have largely favored buyer power in the three-year period. However, current prices are at historical highs, having progressively expanded for a decade. As a result, buyers that make frequent or... purchase to read more

Drilling & Exploration Equipment - Total Cost of Ownership

There are few additional costs for the buyer to consider outside the selling price of drilling and exploration equipment. Some hidden costs include maintenance service fees, financing costs and warranty costs. Therefore, IBISWorld estimates that the total cost of ownership for drilling and exploration equipment is medium. By taking these costs into account, buyers can make a well-informed... purchase to read more


About This ReportRelated ReportsTable of Contents

This report is intended to assist buyers of drilling and exploration equipment. Types of drilling and exploration equipment include water well drilling equipment and uranium exploration equipment. Water well drilling equipment is used to drill functional water wells for drinking water, irrigation systems, sprinkler systems, ponds, swimming pools, geothermal heating and cooling systems. Uranium drilling equipment is used in the exploration of uranium, namely in the processes of open-pit and underground mining. 

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