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Drilling & Exploration Equipment Procurement Research Report | Published: Apr 2017

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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The Drilling & Exploration Equipment procurement report contains data and analysis of current and future trends when buying goods and services. IBISWorld’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Drilling & Exploration Equipment Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 14-17
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 17-20
Price Change
Drilling & Exploration Equipment - Recent Price Trend

In the three years to 2017, the price of drilling and exploration equipment has been rising at an estimated average annual rate of 1.5%. Still, negligible price volatility has afforded some negotiation leverage to buyers by facilitating accurate budgeting. Purchases of market equipment are made on an ad hoc basis due to the long anticipated useful life of these tools. As a result, buyers can... purchase to read more

Drilling & Exploration Equipment - Total Cost of Ownership

There are some additional costs for the buyer to consider outside the selling price of drilling and exploration equipment. Potential 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 moderate. 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 irrigation systems, drinking water, ponds, sprinkler systems, geothermal heating, swimming pools and cooling systems. Uranium drilling equipment is used in the exploration of uranium, namely in the processes of open-pit and underground mining. This report does not cover oil and gas drilling and exploration equipment.

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