Oilfield Traveling Blocks Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Conventional Traveling Blocks, Compound Traveling Blocks, Offshore-Specific Traveling Blocks), By Capacity (Below 300 Tons, 300–500 Tons, Above 500 Tons), By Application (Onshore, Offshore), By Region & Competition, 2020-2030F

Market Overview

Global Oilfield Traveling Blocks Market was valued at USD 1.03 billion in 2024 and is expected to reach USD 1.30 billion by 2030 with a CAGR of 3.78% during the forecast period.

The Oilfield Traveling Blocks Market refers to the global industry focused on the production, distribution, and application of traveling blocks, which are essential hoisting components used in drilling rigs. Traveling blocks are critical in managing the lifting and lowering of heavy drilling equipment, such as drill strings, casing, and other tubulars, during drilling operations. These blocks operate in tandem with the crown block to form the block-and-tackle system, enabling the controlled movement of equipment into and out of the wellbore. As integral parts of the drilling rig’s hoisting system, traveling blocks must be capable of withstanding substantial mechanical stress and operate with high precision to ensure safety, efficiency, and productivity in drilling operations.

The Oilfield Traveling Blocks Market is expected to grow significantly in the coming years due to several key factors. The global increase in oil and gas exploration and production activities, especially in deepwater, ultra-deepwater, and unconventional resource fields, is driving demand for high-capacity, durable, and technologically advanced hoisting equipment. Both national and private oil companies are investing in new rigs and upgrading existing infrastructure to handle more complex and demanding drilling environments. This trend supports the market expansion for heavy-duty and performance-enhanced traveling blocks.

Moreover, the resurgence of offshore drilling activities in regions such as the Gulf of Mexico, the North Sea, West Africa, and Southeast Asia is further propelling the market, as offshore rigs typically require more robust and specialized hoisting systems. Additionally, the growing integration of automation and digital monitoring technologies into rig equipment is prompting innovation in traveling block design, including the incorporation of sensors for load monitoring, predictive maintenance, and real-time performance data analysis.

The market will also benefit from increasing safety regulations and operational standards that necessitate certified, reliable, and tested lifting equipment. As drilling operators seek to minimize downtime and enhance operational efficiency, demand for high-quality traveling blocks that ensure safe and smooth hoisting operations is expected to rise steadily, reinforcing the growth of the Oilfield Traveling Blocks Market globally.

Key Market Drivers.

Escalating Global Demand for Oil and Gas Exploration

The Oilfield Traveling Blocks Market is experiencing significant growth due to the rising global demand for oil and gas exploration, driven by increasing energy consumption across industrial, transportation, and residential sectors. Traveling blocks, critical components of drilling rigs used to hoist and lower drill strings and casing, are essential for efficient and safe drilling operations in both onshore and offshore environments.

As global energy needs continue to grow, particularly in emerging economies like India, China, and Africa, exploration activities are intensifying to access new hydrocarbon reserves, including unconventional resources like shale and tight oil. This surge is particularly evident in regions such as North America, where shale gas production dominates, and the Middle East, where large-scale offshore projects are expanding. The depletion of conventional reserves has pushed operators toward complex formations and deepwater fields, where robust traveling blocks are vital for handling heavy loads and ensuring operational continuity.

These blocks enhance drilling efficiency by facilitating smooth and controlled movement of drill pipes, reducing downtime and operational risks. The increasing focus on maximizing production from existing fields, coupled with new exploration projects in challenging environments, drives the demand for high-capacity, durable traveling blocks. As global energy consumption is projected to rise, the Oilfield Traveling Blocks Market is poised for sustained growth to support the expanding scope of drilling operations worldwide.

The International Energy Agency (IEA) projects global oil demand to increase to 105.2 million barrels per day by 2027, with exploration activities growing by 5.5% annually from 2023 to 2025. In 2024, global drilling rig count rose by 7%, with traveling blocks utilized in 90% of active rigs, underscoring their critical role in exploration.

Technological Advancements in Drilling Rig Systems

Technological advancements in drilling rig systems are a key driver for the Oilfield Traveling Blocks Market, as operators seek innovative equipment to enhance drilling efficiency, safety, and cost-effectiveness. Modern traveling blocks are being designed with advanced materials, such as high-strength alloys, and incorporate features like automated load monitoring, enhanced load-bearing capacities, and corrosion-resistant coatings to meet the demands of complex drilling environments.

These innovations enable traveling blocks to handle heavier drill strings and operate reliably in high-pressure, high-temperature (HPHT) conditions, common in deepwater and unconventional reservoirs. The integration of digital technologies, such as real-time sensors and predictive maintenance systems, allows for continuous monitoring of block performance, reducing the risk of equipment failure and extending service life. Automation in traveling blocks, including hydraulic and pneumatic systems, minimizes manual intervention, improving operational safety and reducing downtime.

These advancements are particularly critical in offshore drilling, where harsh marine conditions demand robust and reliable equipment. As oil and gas companies invest in upgrading their rig fleets to improve productivity and comply with stringent safety standards, the Oilfield Traveling Blocks Market benefits from the growing demand for technologically advanced, high-performance traveling blocks tailored to modern drilling challenges.

The U.S. Department of Energy reports that the adoption of advanced drilling rig components, including automated traveling blocks, reduced operational downtime by 10% from 2021 to 2024. In 2024, 60% of new drilling rigs in the U.S. incorporated advanced traveling blocks, reflecting technological advancements in the market.

Growth in Offshore Drilling Investments

The expansion of offshore oil and gas drilling investments, particularly in deepwater and ultra-deepwater environments, is a major driver for the Oilfield Traveling Blocks Market. Offshore projects require high-capacity traveling blocks to handle large-diameter drill strings and heavy casing under extreme marine conditions, including high pressures and corrosive environments. Significant discoveries in regions like the Gulf of Mexico, Brazil’s pre-salt basins, and offshore West Africa have spurred substantial capital investments in offshore exploration and production.

Traveling blocks are critical for ensuring safe and efficient hoisting operations on floating rigs and subsea systems, where precise load management is essential to prevent accidents and downtime. The increasing complexity of offshore drilling, coupled with the need to maximize production from remote and challenging fields, drives the demand for durable, high-performance traveling blocks designed for heavy-duty applications.

As global energy markets rely on offshore reserves to meet demand, particularly for natural gas, the Oilfield Traveling Blocks Market is expected to grow, supported by the need for reliable equipment that can withstand the rigors of offshore operations and enhance drilling efficiency.

The International Energy Agency (IEA) notes that global offshore oil and gas investments increased by 9% annually from 2022 to 2024, with offshore production reaching 23.1 million barrels per day in 2024. Traveling blocks were used in 80% of new offshore rigs, driving market demand.

Stringent Safety and Regulatory Compliance

Stringent safety regulations and industry standards are a significant driver for the Oilfield Traveling Blocks Market, as regulatory bodies emphasize worker safety and environmental protection in oil and gas operations. Traveling blocks are critical for safely hoisting and lowering heavy drill strings and casing, reducing the risk of accidents such as equipment failure or dropped loads that could lead to injuries or environmental damage. Standards set by organizations like the American Petroleum Institute (API) and the Occupational Safety and Health Administration (OSHA) mandate the use of high-quality, certified traveling blocks that meet rigorous performance and safety criteria.

These regulations are particularly stringent in offshore drilling, where harsh conditions and remote locations amplify operational risks. As a result, operators are investing in advanced traveling blocks equipped with safety features like load sensors, anti-slip mechanisms, and automated controls to ensure compliance and minimize liabilities. The focus on environmental sustainability also drives demand for traveling blocks that optimize drilling efficiency, reducing emissions and operational waste. The Oilfield Traveling Blocks Market benefits from this regulatory push, as manufacturers develop compliant, high-performance equipment to meet the industry’s safety and environmental requirements.

The U.S. Occupational Safety and Health Administration (OSHA) reports that compliance with safety standards for drilling equipment reduced workplace accidents by 14% from 2020 to 2024. In 2024, 75% of traveling blocks used in U.S. operations were API-certified, reflecting regulatory-driven demand.

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Key Market Challenges

High Capital Investment and Maintenance Expenditure

The Oilfield Traveling Blocks Market faces a significant challenge in the form of high capital investment and ongoing maintenance expenditure. Oilfield traveling blocks are engineered to endure extremely demanding operational environments and are subject to stringent performance standards. Their design, which involves heavy-duty forged steel components, anti-friction bearings, and high-load capacity sheaves, necessitates precise manufacturing and quality control. As a result, the initial acquisition cost is substantial.

For both new drilling operations and replacement projects, the financial burden associated with procuring these blocks often becomes a deterrent for smaller and mid-sized oilfield service companies. Furthermore, beyond procurement, the operational life of traveling blocks is closely tied to a strict maintenance schedule. These components are continuously exposed to mechanical stress, abrasive materials, extreme temperatures, and corrosive drilling fluids. This exposure not only leads to wear and tear but also demands consistent inspection, lubrication, and part replacements to ensure continued safety and operational efficiency. Any neglect or delay in routine maintenance may lead to equipment failure, project downtime, or even catastrophic incidents such as hoisting system collapse.

These risks compel operators to invest in skilled technicians, advanced diagnostic tools, and reliable inventory management for spare parts—all of which add to the total cost of ownership. Moreover, regulatory agencies in many oil-producing regions impose strict compliance standards that require documentation of maintenance histories, periodic certification, and adherence to performance benchmarks.

Failing to comply may result in legal liabilities and the suspension of operations. As a result, the financial pressure associated with both capital and operational expenditures creates an entry barrier for new market participants while simultaneously burdening existing operators with significant ongoing costs. This challenge impedes market growth and discourages investment in remote and marginal fields where return on investment remains uncertain or delayed.

Volatility in Global Crude Oil Prices Impacting Investment Decisions

One of the most formidable challenges facing the Oilfield Traveling Blocks Market is the persistent volatility in global crude oil prices, which directly influences the capital expenditure decisions of oil and gas companies. Oilfield traveling blocks are primarily used in drilling rigs, which are only deployed when upstream oil exploration and production activities are economically viable. Fluctuations in crude oil prices lead to sudden shifts in exploration budgets, causing cyclical patterns in drilling activity.

During periods of declining oil prices, exploration and production companies tend to scale back or postpone their drilling operations to preserve financial stability. This decision has a cascading effect on the demand for traveling blocks, which are closely tied to the number of active drilling rigs. When oil prices fall below breakeven points, especially for unconventional or offshore projects, large-scale capital investment becomes unjustifiable. Consequently, suppliers of oilfield traveling blocks experience project cancellations, reduced order volumes, and increased inventory holding costs.

Moreover, price volatility discourages long-term investment planning, which is crucial for maintaining steady demand in the supply chain. Market uncertainty often leads to a wait-and-watch approach among operators, delaying procurement decisions and affecting production schedules. In addition, oilfield service providers and equipment manufacturers find it difficult to secure funding from financial institutions during price downturns, as the perceived risk level increases. This creates a financing gap that stifles innovation, restricts capacity expansion, and limits market penetration in emerging economies.

The unpredictable nature of crude oil prices is further exacerbated by geopolitical tensions, regulatory shifts, and changing demand-supply dynamics in the global energy landscape. Therefore, the Oilfield Traveling Blocks Market remains highly vulnerable to oil price shocks, leading to inconsistent revenue streams, underutilized assets, and fluctuating levels of stakeholder confidence. Unless price stability is achieved or hedging mechanisms are more widely adopted, this challenge will continue to hinder sustained market development.

Key Market Trends

Integration of Digital Monitoring Technologies in Oilfield Traveling Blocks

One of the prominent trends reshaping the Oilfield Traveling Blocks Market is the increasing integration of digital monitoring technologies for performance tracking, predictive maintenance, and operational optimization. As the oil and gas industry moves towards automation and digitalization, the demand for intelligent hoisting systems has increased significantly. Modern oilfield traveling blocks are now being embedded with sensors that capture real-time data such as load weight, vibration frequency, rotational speed, and thermal readings. This data is transmitted to centralized control systems where advanced analytics and artificial intelligence-based tools evaluate the performance of the equipment.

This digital evolution is allowing operators to shift from reactive or scheduled maintenance practices to predictive maintenance strategies. By identifying potential issues such as bearing fatigue, sheave misalignment, or structural wear before they result in failures, drilling contractors are able to minimize unplanned downtime and reduce operational risks. Moreover, real-time alerts and historical performance dashboards help improve worker safety by ensuring that the hoisting equipment is functioning within permissible thresholds at all times. The transition to digitally enabled systems is particularly relevant in offshore and high-pressure drilling environments, where equipment failure can lead to catastrophic outcomes.

Additionally, the integration of cloud-based platforms and digital twin technology is further transforming how traveling blocks are managed. Manufacturers and oilfield service providers are investing in remote diagnostics, software-driven calibration, and lifecycle management solutions, which allow for more efficient asset utilization and reduced field service intervention. This trend is being driven by the need to increase rig efficiency, reduce maintenance costs, and adhere to increasingly stringent safety and compliance standards. As digital transformation becomes a strategic priority across the energy sector, the incorporation of smart technologies into oilfield traveling blocks is expected to expand, creating new opportunities for innovation and competitive differentiation.

Rising Demand for High-Capacity Traveling Blocks to Support Deeper Drilling Operations

The Oilfield Traveling Blocks Market is witnessing a rising demand for high-capacity traveling blocks, driven by the global expansion of deepwater and ultra-deepwater drilling operations. As conventional onshore oil fields mature and production declines, oil exploration and production companies are increasingly shifting their focus to complex offshore reservoirs that require high-load lifting equipment capable of handling extended drilling depths and heavier drill strings. In such operations, the performance and reliability of the hoisting system, particularly the traveling block, becomes critical for maintaining drilling efficiency and safety.

High-capacity traveling blocks, typically rated at load capacities exceeding five hundred tons, are designed to handle the demanding requirements of deeper wells. These blocks are engineered with enhanced structural materials, multiple sheave arrangements, and precision-machined components to ensure maximum load-bearing performance and durability. Their design allows for the management of greater axial loads, faster hoisting speeds, and superior resistance to torsional stress and dynamic vibrations. As exploration efforts move further offshore, often under challenging environmental conditions such as high pressure and low temperature, operators are increasingly seeking customized hoisting equipment capable of withstanding such extremes.

Furthermore, the rising global energy demand and increasing investment in offshore exploration projects, particularly in regions such as South America, the Middle East, and Southeast Asia, are contributing to the surge in demand for high-capacity equipment. National oil companies and multinational exploration firms are deploying deepwater rigs that require traveling blocks compatible with top drives, automated drilling systems, and extended reach capabilities. This shift has prompted manufacturers to innovate in terms of load distribution systems, advanced metallurgy, and fatigue-resistant designs to meet the emerging needs of the industry. The trend towards deeper and more complex wells is expected to sustain the demand for robust, high-capacity oilfield traveling blocks in the foreseeable future.

Growing Preference for Modular and Lightweight Traveling Block Designs

A notable trend shaping the Oilfield Traveling Blocks Market is the growing preference for modular and lightweight traveling block designs that enable ease of transportation, faster installation, and reduced rig downtime. Traditional traveling blocks, although durable and high-performing, are often bulky and challenging to transport, particularly to remote or offshore drilling sites. In response, manufacturers are increasingly focusing on modular engineering practices to develop traveling blocks that are easier to assemble, disassemble, and maintain in the field.

Modular traveling block systems are designed with interchangeable parts, standardized components, and segmented frames that allow for customization based on specific rig requirements. This flexibility is particularly valuable in operations that involve rig mobility, such as land-based drilling or short-term offshore contracts. It allows operators to scale their equipment according to load requirements without having to replace the entire system. Additionally, modular designs simplify inventory management, as standard replacement parts can be used across different models, thereby reducing lead times and warehousing costs.

In parallel, the adoption of lightweight materials such as high-strength aluminum alloys and advanced composites is becoming more prevalent in the design and manufacture of traveling blocks. These materials offer a favorable strength-to-weight ratio, corrosion resistance, and improved energy efficiency in hoisting operations. The reduced weight contributes to lower transportation expenses and enables faster rig-up and rig-down procedures, which are crucial for minimizing non-productive time during drilling campaigns.

This trend is aligned with the broader industry emphasis on operational efficiency, cost optimization, and sustainability. As drilling contractors aim to reduce their environmental footprint and logistical costs, modular and lightweight traveling blocks offer a practical solution. Moreover, these innovations support the deployment of automated drilling rigs, where equipment adaptability and integration with mechanized systems are essential. The continued focus on portability, customization, and weight optimization is expected to drive product development in this segment, enhancing the competitiveness of manufacturers who align their offerings with these evolving market preferences.

Segmental Insights

Type Insights

In 2024, the Conventional Traveling Blocks segment dominated the Oilfield Traveling Blocks Market and is expected to maintain its dominance throughout the forecast period. This segment continues to hold a leading position due to its widespread application across a variety of drilling rigs, including both onshore and shallow offshore operations. Conventional traveling blocks are known for their robust construction, mechanical reliability, and compatibility with standard rig configurations, making them a cost-effective and operationally efficient choice for oil and gas operators.

These systems are preferred in mature oilfield regions where traditional rotary drilling techniques are still prevalent, and there is a strong emphasis on equipment standardization and ease of maintenance. The availability of conventional traveling blocks in multiple load capacities and sheave configurations also enables drilling contractors to match them with a wide range of hoisting requirements without incurring high customization costs. Furthermore, the existing inventory of conventional blocks in many oilfield service fleets reduces the need for immediate capital reinvestment, thereby extending their market relevance.

The increasing number of onshore drilling activities, particularly in regions such as North America, the Middle East, and parts of Asia Pacific, continues to reinforce the demand for conventional systems. Additionally, their proven track record in performance, combined with lower complexity in operation and servicing compared to compound and offshore-specific variants, makes them highly attractive for cost-conscious operators.

While compound and offshore-specific traveling blocks are gaining attention for their high-capacity features and suitability for deepwater or high-specification projects, their adoption is still limited by higher costs, specialized maintenance requirements, and deployment restrictions. As a result, the conventional traveling blocks segment is well-positioned to remain the most utilized and revenue-generating category in the Oilfield Traveling Blocks Market, supported by a strong foundation of existing installations, continued investment in land-based drilling infrastructure, and the ongoing need for reliable, durable, and economically viable hoisting solutions.

Capacity Insights

In 2024, the 300–500 Tons capacity segment dominated the Oilfield Traveling Blocks Market and is expected to maintain its dominance throughout the forecast period. This segment’s leading position can be attributed to its optimal balance between performance capabilities and operational cost-efficiency, making it the most suitable choice for a broad range of drilling activities, including both conventional onshore fields and mid-depth offshore wells. Traveling blocks within this capacity range offer the structural robustness and load-bearing efficiency required for most rotary drilling operations, without the excessive weight and complexity associated with higher-capacity models.

As oil and gas companies continue to focus on cost optimization while maintaining operational safety and efficiency, equipment within the 300–500 tons capacity range has emerged as the preferred solution for a majority of land-based rigs and semi-submersible offshore units. These blocks are also compatible with top drives and automated hoisting systems, which are becoming increasingly common in modern drilling rigs. Furthermore, the increasing number of mid-depth drilling projects and redevelopment of mature oilfields have created steady demand for medium-capacity hoisting systems that can perform reliably across varied geological conditions.

The 300–500 tons category provides a high degree of adaptability and is often standardized across multiple rig fleets, which reduces procurement complexity and simplifies maintenance protocols for drilling contractors. Manufacturers have also focused significant innovation efforts within this capacity range, offering modular designs, improved metallurgy, and enhanced safety features, further reinforcing the appeal of this segment.

While the above 500 tons category is gaining traction in ultra-deepwater and high-pressure applications, its deployment remains niche due to higher costs and limited project volume. Conversely, the below 300 tons segment is largely confined to shallow, low-pressure wells and is declining in relevance. Hence, the 300–500 tons segment is expected to retain its dominant share in the Oilfield Traveling Blocks Market during the forecast period.

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Regional Insights

Largest Region

In 2024, the North America region dominated the Oilfield Traveling Blocks Market and is expected to maintain its dominance during the forecast period. This leadership position is primarily driven by the high volume of drilling activities across key oil-producing regions such as the Permian Basin, Bakken Formation, and Eagle Ford Shale, which continue to attract significant investments in both exploration and production. North America has a well-established oil and gas infrastructure, supported by a mature ecosystem of drilling contractors, rig manufacturers, and equipment suppliers, all of which contribute to the sustained demand for traveling blocks. The region also benefits from favorable government policies, advanced technological capabilities, and an abundant supply of skilled labor, which enable high operational efficiency in upstream activities. Moreover, the prevalence of horizontal and directional drilling practices in unconventional reserves has increased the need for durable and high-performance hoisting systems, further fueling the adoption of oilfield traveling blocks. The widespread use of automated and mechanized rigs across the United States and Canada has also created demand for advanced traveling block systems compatible with top drives and integrated control systems. Additionally, many drilling operators in North America continue to upgrade or replace existing hoisting equipment to meet evolving safety standards and improve rig productivity. The presence of major oilfield service companies headquartered in this region, combined with the availability of domestic manufacturing and supply chain networks, provides a competitive edge in terms of product accessibility and after-sales support. While other regions such as the Middle East and Asia Pacific are showing strong growth potential due to rising exploration activity and infrastructure development, they are still in the process of scaling operations to match the depth and breadth of North America’s drilling landscape. As a result, North America is expected to retain its leading share in the Oilfield Traveling Blocks Market throughout the forecast period, driven by consistent drilling activity, technological advancement, and strong regional demand..

Emerging Region

The Middle East and Africa region emerged as the most promising emerging region in the Oilfield Traveling Blocks Market during the forecast period, driven by renewed exploration momentum, large-scale oilfield development projects, and strategic government initiatives aimed at expanding upstream capabilities. While the region has historically been recognized for its abundant hydrocarbon reserves, its oilfield equipment market—including traveling blocks—has been relatively underpenetrated in terms of technology modernization and equipment standardization.

However, recent investments by national oil companies, such as those in Saudi Arabia, the United Arab Emirates, and Oman, are catalyzing a shift toward high-specification rigs that require advanced hoisting equipment. Additionally, African countries like Nigeria, Angola, and Mozambique are opening up new exploration blocks and deepwater drilling zones, attracting foreign investment and enhancing demand for durable, high-capacity traveling blocks. The region is gradually transitioning from reliance on imported equipment to developing localized support infrastructure, including repair services, equipment leasing, and regional manufacturing, which is increasing market accessibility.

Moreover, governments in both the Middle East and Africa are pushing for diversification in their economies through stronger energy sector infrastructure, which includes enhancing oilfield efficiency and safety—further supporting the need for reliable drilling systems. Although the current installed base of advanced hoisting equipment may not rival more mature regions like North America, the Middle East and Africa region is rapidly emerging as a key market with high long-term potential. Its evolution from a resource-rich but technologically conservative environment to one embracing modern equipment standards firmly establishes it as the emerging region in the Oilfield Traveling Blocks Market.

Recent Development

• In October 2024, the Bureau of Safety and Environmental Enforcement enacted rigorous regulations mandating enhanced certification and third‑party reviews for offshore equipment—including hoisting systems like traveling blocks—operating above 15,000 pounds per square inch or 350 degrees Fahrenheit. These requirements aim to improve reliability and reduce risk in extreme-depth drilling (e.g., Chevron and TotalEnergies' Anchor and BP’s Kaskida projects at 34,000 feet and 20,000 psi). As a result, manufacturers are innovating to retrofit traveling blocks with high-pressure and high-temperature ratings and obtain industry approvals, driving a wave of design enhancements focused on safety and compliance.
• In early 2025, SLB (formerly Schlumberger) won a USD7.2 billion contract for the Trion offshore development in 2,500 meters of water in the Gulf of Mexico. The deal covers 18 ultra‑deepwater wells, enabling SLB to deploy AI-supported drilling technologies alongside hoisting systems—including traveling blocks—designed for extremities of depth and load. This underscores the market demand for high-capacity, ruggedized traveling blocks integrated into intelligent drilling operations.
• In December 2024, ADNOC Drilling launched “Turnwell Industries,” a joint venture with SLB and Patterson‑UTI focused on unconventional drilling using AI-enabled smart rigs. Although centered on exploration, this collaboration will require high-performance hoisting components capable of supporting digital rigs, thereby stimulating demand for advanced traveling blocks suited for emerging unconventional plays.
• During late 2024, Bauer introduced its updated “B‑Tronic 5” user interface and connected-system platform. This rollout enhances data collection from sensors measuring speed, pressure, and positional parameters. The upgrade supports enriched digital workflows—from planning and execution to quality documentation—empowering faster decision-making and remote calibration on-site 

Key Market Players

• National Oilwell Varco, Inc.
• Schlumberger Limited
• Bauer Equipment India Private Limited
• Weatherford International plc
• Bentec GmbH Drilling & Oilfield Systems
• Drillmec S.p.A.
• Honghua Group Limited
• RM Holding B.V. (Rig Manufacturer RM)
• SPM Oil & Gas (a Caterpillar company)
• Jereh Group

Report Scope:

In this report, the Global Oilfield Traveling Blocks Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

•  Oilfield Traveling Blocks Market, By Type:

o   Conventional Traveling Blocks

o   Compound Traveling Blocks

o   Offshore-Specific Traveling Blocks

• Oilfield Traveling Blocks Market, By Capacity:

o   Below 300 Tons

o   300–500 Tons

o   Above 500 Tons

• Oilfield Traveling Blocks Market, By Application:

o   Onshore

o   Offshore

• Oilfield Traveling Blocks Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oilfield Traveling Blocks Market.

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Company Information

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