According to a market report by Lucintel, the future of the global mud motor market looks promising with opportunities in the oil & gas and boating & fishing markets. The global mud motor market is expected to grow with a CAGR of 4.6% from 2025 to 2031. The major drivers for this market are the increasing demand for high-performance engines, the rising popularity of off-road applications, and the growing adoption of advanced motor technologies.
A more than 150-page report to understand trends, opportunity and forecast in mud motor market to 2031 by type (positive displacement motors and turbine motors), end use (oil & gas and boating & fishing), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, positive displacement motor is expected to witness higher growth over the forecast period.
Within the end use category, oil & gas is expected to witness higher growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Halliburton Energy Services, NOV, Scientific Drilling International, Horizontal Technology, Cougar Drilling Solutions are the major suppliers in the mud motor market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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