Oil and Gas Industries to Propound Demands for Rig and Oilfield Mats

Posted by Deeksha on February 19th, 2019

The growth trajectory of rig and oilfield mats market demonstrates a rather optimistic outlook with large scale adoption of rig and oilfield mats in burgeoning activities in oil and gas fields. To offset potential risk factors associated with workforce safety and quality maintenance of machinery and equipment during oil production, adoption of rig and oilfield mats remains indispensable. These aforementioned market highlights are in sync with Market Research Hub's (MRH) recent business intelligence report titled, 'Rig and Oilfield Mats Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028' included in its fast expanding online data archive.

Operational Efficiency in challenging conditions such as unfavorable weather conditions and challenging work conditions owing to varied terrains necessitates adoption of rig and oilfield mats. Expanded end-user application segments such as construction and military also contribute towards the growth of rig and oilfield mats market.

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Composite Rig and Oilfield Mats Trending as Substitutes for Conventional Wood and Metal Mats

To cope up with demand escalation as well as transitioning industry specificities global vendors are in favor of portfolio diversification to retain market prominence. Introduction of composite mats as potential substitutes for conventional wood and metal mats has emerged as a leading trend in rig and oilfield mats market. Additionally, manufacturers are also offering customized sizes and dimensions to encourage greater adoption, thereby securing substantial lead amidst stiffening competition in rig oilfield mats market. Global players are increasingly banking upon strategic collaborations with regional players to sustain their lead position besides expanding their geographical expanse. Thorough research elements included in the report allow readers to gain veritable insights on prevailing market spectrum. This research report on rug and oilfield mats market commences with a detailed market executive summary flowed by market overview section entailing market definition and micro and macroeconomic factors that shape growth in rug and oilfield mats market. The report is stratified into dynamic chapters to aid readers’ understanding of the prevailing market conditions. A chapter on market segments has also been included in the report to aid readers’ understanding on current segments such as product type and end-use. Based on product type the market is classified into wood mats, metal mats, and composite mats. In terms of end-use, rug and oilfield mats market is diversified into oil and gas, construction, helipad, and military amongst others.

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North American Region to Remain the Fastest Growing Regional Belt

The report in its subsequent sections also includes veritable insights on regional scope and diversification based on which the market is broadly demarcated into Eastern and Western Europe, North and Latin America, China, Asia-Pacific, and Middle East and Africa.

Vendor Landscape: Rug and Oilfield Mats Market

The trailing sections of the report discusses at length about the competition spectrum of rug and oilfield mats market identifying key forerunners with detailed overview of their company and product portfolios, product innovations, recent developments such as strategic acquisitions and buyouts. Some of the prominent names in rug and oilfields mats market include, Newpark Resources, Strad Energy Services Ltd., and Horizon North Logistics Inc., amongst others.