North America Rig And Oilfield Mats Occupied 33.24% Of The Sales Market In 2018
Wednesday, 27 Nov, 2019
Rig and oilfield mat is a portable platform that can easily carry heavy machinery and also creates clean and safe working environment for workers.
For industry structure analysis, the Rig and Oilfield Mats industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 32.29% of the revenue market. Regionally, North America is the biggest revenue area, also the leader in the whole Rig and Oilfield Mats industry.
The sales of Rig and Oilfield Mats increased fast from 566.68 K Sqm in 2014 to 637.99 KSqm in 2018 with an average growth rate of 7.98%.
North America occupied 33.24% of the sales market in 2018. It is followed by Mideast & Africa and Europe, which respectively account for around 25.37% and 22.62% of the global total industry. Other countries have a smaller amount of sales.
A key variable in the performance of Rig and Oilfield Mats producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Although the market competition of Rig and Oilfield Mats is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Rig and Oilfield Mats and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.