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Drilling Rigs in the US Procurement Price, Data and Insights
Drilling rigs are used to drill oil wells, water wells, and holes for natural gas extraction. Drilling rigs can be used for onshore and offshore operations, and they can be categorized into land rigs, barge rigs, tender rigs, jackup rigs, platform rigs, drillships, and semi-submersible rigs. Rigs range from small mobile units mounted to vehicles to larger units that remain in one location. Primary buyers of drilling rigs are in the oil and gas markets. Suppliers are specialty manufacturers. This report covers drilling rig rentals and excludes service rigs.
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What’s included in this market coverage
IBISWorld's research coverage on the Drilling Rigs procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Drilling Rigs market in the United States includes Land Rigs, Jackup Rigs, Semi-Submersible Rigs, Drill Ships and Barge Rigs. Standard coding in this coverage includes HS-8430498010-Boring Or Sinking Machinery, Rotary, For Oil Well And Gas Field Drilling, ISIC-2824-Manufacture of machinery for mining, quarrying and construction, NACE-28.92-Manufacture Of Machinery For Mining, Quarrying And Construction, NAICS-333130-Mining and oil and gas field machinery manufacturing and UNSPSC-20111612-Drilling rigs.
What common market terminology is included?
Common market terminology included in the Drilling Rigs procurement coverage includes Onshore Drilling (Onshore drilling is drilling activity occurring on land.) and Offshore Drilling (Offshore drilling is drilling activity occurring in the ocean, a process that drills below the seabed.).
What companies are included as top suppliers?
The top companies covered in the Drilling Rigs procurement report as suppliers are Rig Manufacturing LLC, Archer Limited, Noble Corporation, TransOcean and Nov Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Drilling Rigs market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per rig, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Drilling Rigs market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Drilling Rigs procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Drilling Rigs market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Drilling Rigs market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Drilling Rigs?
The 2026 benchmark market price for Drilling Rigs is $275313600 per rig. Prices have increased at a CAGR of 0.35 from 2023-26.
Who are the top vendors in the Drilling Rigs market?
The top vendors in the Drilling Rigs market include Rig Manufacturing LLC, Archer Limited, Noble Corporation, TransOcean and Nov Inc..
What industries supply the Drilling Rigs market?
The top industries supplying the Drilling Rigs market are Electrical Equipment Manufacturing in the US, Semiconductor & Circuit Manufacturing in the US, Industrial Spraying Equipment Manufacturing in the US, Screw, Nut & Bolt Manufacturing in the US, Iron & Steel Manufacturing in the US and Iron Ore Mining in the US.
What is the supply chain risk for Drilling Rigs?
High supply chain risk exposes buyers to commodity volatility and potential delays . Drilling rig buyers face elevated supply chain risk largely due to the volatility of steel and other critical input commodities. These disruptions can cause unexpected cost increases or delivery delays. Procurement teams should closely monitor commodity markets, diversify supplier relationships where possible, and build flexibility into delivery timelines and contracts to mitigate the impact of sudden supply chain shocks.
What factors affect the price of Drilling Rigs?
Application and intended use affect drilling rig prices, as specialized rigs like offshore units are generally more expensive due to advanced engineering for harsh conditions. Pricing is measured by rig specifications and capabilities, with specialized rigs commanding higher rates.
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