IBISWorld’s Water Well Drilling Services Procurement Research Report offers purchasing insight into the Water Well Drilling Services market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Water Well Drilling Services - Recent Price Trend

During the past three years, the price of water well drilling services has risen at an estimated annualized rate of 4.5%. This notable price growth, which detracts from buyer power, has occurred due to a boost in demand and growth in a few key input costs. Overall, with prices set to continue increasing, buyers would be well-served to make purchasing decisions sooner rather than later to avoid...


Water Well Drilling Services - Total Cost of Ownership

The total cost of ownership is high for water well drilling services. The cost of energy to run the well's pump constitutes the main additional cost beyond well drilling, development and completion. A study from the University of Nebraska estimates the annual energy cost for an agricultural well is between $18,000 and $23,000 depending on the cost of electricity or diesel fuel. Pump size also...


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About this Report

This report is intended to assist buyers of water well drilling services. Suppliers design, drill, electronically log, complete and develop water wells. They also provide and install pumps for wells and drill geothermal boreholes for heating and cooling systems. This report does not include oil and gas drilling services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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