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Drilling & Exploration Equipment Procurement Research Report | Published: May 2016

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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IBISWorld’s Drilling & Exploration Equipment Procurement Research Report provides the latest price data and the factors underpinning price movements, such as input costs and external demand drivers. The report identifies the leading suppliers of Drilling & Exploration Equipment and offers a strategic analysis of the key factors influencing the way the procurement market works. Data forecasts also accompany our analysis so your company can make purchasing decisions with confidence.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 13-16
IBISWorld Buyer
Power Score
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Drilling & Exploration Equipment - Recent Price Trend

In the three years to 2016, the price of drilling and exploration equipment has been rising at a tepid average annual rate of 1.2%. 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 large volume purchases... 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 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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