IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Service Rigs procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Service Rigs - Recent Price Trend

During the three years to 2017, the price of service rigs has been rising at a subdued estimated average annual rate of 0.5%, while maintaining a low level of volatility. Despite the slight increase in price, buyers have benefited from low volatility because it has provided a predictable pricing environment. As a result, buyers have been able to create accurate budgets and cost estimations during...


Service Rigs - Total Cost of Ownership

The total cost of ownership for service rigs is low, whereby additional costs associated with the purchase amount to less than 50.0% of the benchmark purchase price. The primary hidden cost in owning a service rig revolves around maintenance and repairs. There are a number of components that require regular maintenance to ensure they are working efficiently and properly. Due to the heavy stress...


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About this Report

This report is intended to assist buyers in purchasing service rigs. Service rigs, commonly referred to as completion rigs, work over rigs and pull over units, are mobile rigs that are used to service oil and gas wells. Service rigs are smaller than drilling rigs and are used to perform maintenance on a productive well, rather than drilling. Vendors in this market supply new and used service rigs. This report excludes drilling rigs.

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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