

In order to complete workover operations, workover rigs are needed. A workover rig mainly consists of lifting equipment (winches, derricks, etc.), loop flushing equipment (pumps and manifold systems, etc.), and rotating operation equipment (turntable, etc.). It is similar to an ordinary drilling rig. The operating load is relatively light, so the workover rig’s power and other basic parameters, such as the volume, weight, and so on, are relatively smaller than the drilling rig. Though offshore workover rigs are similar to drilling rigs in composition, the installation is different at sea.
According to QYResearch’s new survey, global Offshore Workover Rig market is projected to reach US$ 1227.9 million in 2029, increasing from US$ 892 million in 2022, with the CAGR of 4.7% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Offshore Workover Rig 91ÖĆƬł§.
Key manufacturers engaged in the Offshore Workover Rig industry include Highland Petroleum Equipment, ZPEC, Rg Petro-machinery, Sinopec Oilfield Equipment, INTLEF, Lanzhou LS Heavy Equipment, Drillmec and Highdrilling, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.
For production bases, global Offshore Workover Rig production is dominated by and . The two regions contributed to % production share globally in 2022.
When refers to consumption region, % volume of Offshore Workover Rig were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Offshore Workover Rig market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Offshore Workover Rig market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Highland Petroleum Equipment
ZPEC
Rg Petro-machinery
Sinopec Oilfield Equipment
INTLEF
Lanzhou LS Heavy Equipment
Drillmec
Highdrilling
Segment by Type
Diesel Drive
Hydraulic Drive
Segment by Application
Offshore Fixed Drilling Platform
Offshore Mobile Drilling Platform
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Offshore Workover Rig report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
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1 Offshore Workover Rig Market Overview
1.1 Product Definition
1.2 Offshore Workover Rig Segment by Type
1.2.1 Global Offshore Workover Rig Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Diesel Drive
1.2.3 Hydraulic Drive
1.3 Offshore Workover Rig Segment by Application
1.3.1 Global Offshore Workover Rig Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Offshore Fixed Drilling Platform
1.3.3 Offshore Mobile Drilling Platform
1.4 Global Market Growth Prospects
1.4.1 Global Offshore Workover Rig Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Offshore Workover Rig Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Offshore Workover Rig Production Estimates and Forecasts (2018-2029)
1.4.4 Global Offshore Workover Rig Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Offshore Workover Rig Production Market Share by Manufacturers (2018-2023)
2.2 Global Offshore Workover Rig Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Offshore Workover Rig, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Offshore Workover Rig Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Offshore Workover Rig Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Offshore Workover Rig, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Offshore Workover Rig, Product Offered and Application
2.8 Global Key Manufacturers of Offshore Workover Rig, Date of Enter into This Industry
2.9 Offshore Workover Rig Market Competitive Situation and Trends
2.9.1 Offshore Workover Rig Market Concentration Rate
2.9.2 Global 5 and 10 Largest Offshore Workover Rig Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Offshore Workover Rig Production by Region
3.1 Global Offshore Workover Rig Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Offshore Workover Rig Production Value by Region (2018-2029)
3.2.1 Global Offshore Workover Rig Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Offshore Workover Rig by Region (2024-2029)
3.3 Global Offshore Workover Rig Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Offshore Workover Rig Production by Region (2018-2029)
3.4.1 Global Offshore Workover Rig Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Offshore Workover Rig by Region (2024-2029)
3.5 Global Offshore Workover Rig Market Price Analysis by Region (2018-2023)
3.6 Global Offshore Workover Rig Production and Value, Year-over-Year Growth
3.6.1 North America Offshore Workover Rig Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Offshore Workover Rig Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Offshore Workover Rig Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Offshore Workover Rig Production Value Estimates and Forecasts (2018-2029)
4 Offshore Workover Rig Consumption by Region
4.1 Global Offshore Workover Rig Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Offshore Workover Rig Consumption by Region (2018-2029)
4.2.1 Global Offshore Workover Rig Consumption by Region (2018-2023)
4.2.2 Global Offshore Workover Rig Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Offshore Workover Rig Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Offshore Workover Rig Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Offshore Workover Rig Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Offshore Workover Rig Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Offshore Workover Rig Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Offshore Workover Rig Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Offshore Workover Rig Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Offshore Workover Rig Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Offshore Workover Rig Production by Type (2018-2029)
5.1.1 Global Offshore Workover Rig Production by Type (2018-2023)
5.1.2 Global Offshore Workover Rig Production by Type (2024-2029)
5.1.3 Global Offshore Workover Rig Production Market Share by Type (2018-2029)
5.2 Global Offshore Workover Rig Production Value by Type (2018-2029)
5.2.1 Global Offshore Workover Rig Production Value by Type (2018-2023)
5.2.2 Global Offshore Workover Rig Production Value by Type (2024-2029)
5.2.3 Global Offshore Workover Rig Production Value Market Share by Type (2018-2029)
5.3 Global Offshore Workover Rig Price by Type (2018-2029)
6 Segment by Application
6.1 Global Offshore Workover Rig Production by Application (2018-2029)
6.1.1 Global Offshore Workover Rig Production by Application (2018-2023)
6.1.2 Global Offshore Workover Rig Production by Application (2024-2029)
6.1.3 Global Offshore Workover Rig Production Market Share by Application (2018-2029)
6.2 Global Offshore Workover Rig Production Value by Application (2018-2029)
6.2.1 Global Offshore Workover Rig Production Value by Application (2018-2023)
6.2.2 Global Offshore Workover Rig Production Value by Application (2024-2029)
6.2.3 Global Offshore Workover Rig Production Value Market Share by Application (2018-2029)
6.3 Global Offshore Workover Rig Price by Application (2018-2029)
7 Key Companies Profiled
7.1 Highland Petroleum Equipment
7.1.1 Highland Petroleum Equipment Offshore Workover Rig Corporation Information
7.1.2 Highland Petroleum Equipment Offshore Workover Rig Product Portfolio
7.1.3 Highland Petroleum Equipment Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.1.4 Highland Petroleum Equipment Main Business and Markets Served
7.1.5 Highland Petroleum Equipment Recent Developments/Updates
7.2 ZPEC
7.2.1 ZPEC Offshore Workover Rig Corporation Information
7.2.2 ZPEC Offshore Workover Rig Product Portfolio
7.2.3 ZPEC Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.2.4 ZPEC Main Business and Markets Served
7.2.5 ZPEC Recent Developments/Updates
7.3 Rg Petro-machinery
7.3.1 Rg Petro-machinery Offshore Workover Rig Corporation Information
7.3.2 Rg Petro-machinery Offshore Workover Rig Product Portfolio
7.3.3 Rg Petro-machinery Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Rg Petro-machinery Main Business and Markets Served
7.3.5 Rg Petro-machinery Recent Developments/Updates
7.4 Sinopec Oilfield Equipment
7.4.1 Sinopec Oilfield Equipment Offshore Workover Rig Corporation Information
7.4.2 Sinopec Oilfield Equipment Offshore Workover Rig Product Portfolio
7.4.3 Sinopec Oilfield Equipment Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Sinopec Oilfield Equipment Main Business and Markets Served
7.4.5 Sinopec Oilfield Equipment Recent Developments/Updates
7.5 INTLEF
7.5.1 INTLEF Offshore Workover Rig Corporation Information
7.5.2 INTLEF Offshore Workover Rig Product Portfolio
7.5.3 INTLEF Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.5.4 INTLEF Main Business and Markets Served
7.5.5 INTLEF Recent Developments/Updates
7.6 Lanzhou LS Heavy Equipment
7.6.1 Lanzhou LS Heavy Equipment Offshore Workover Rig Corporation Information
7.6.2 Lanzhou LS Heavy Equipment Offshore Workover Rig Product Portfolio
7.6.3 Lanzhou LS Heavy Equipment Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Lanzhou LS Heavy Equipment Main Business and Markets Served
7.6.5 Lanzhou LS Heavy Equipment Recent Developments/Updates
7.7 Drillmec
7.7.1 Drillmec Offshore Workover Rig Corporation Information
7.7.2 Drillmec Offshore Workover Rig Product Portfolio
7.7.3 Drillmec Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Drillmec Main Business and Markets Served
7.7.5 Drillmec Recent Developments/Updates
7.8 Highdrilling
7.8.1 Highdrilling Offshore Workover Rig Corporation Information
7.8.2 Highdrilling Offshore Workover Rig Product Portfolio
7.8.3 Highdrilling Offshore Workover Rig Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Highdrilling Main Business and Markets Served
7.7.5 Highdrilling Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Offshore Workover Rig Industry Chain Analysis
8.2 Offshore Workover Rig Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Offshore Workover Rig Production Mode & Process
8.4 Offshore Workover Rig Sales and Marketing
8.4.1 Offshore Workover Rig Sales Channels
8.4.2 Offshore Workover Rig Distributors
8.5 Offshore Workover Rig Customers
9 Offshore Workover Rig Market Dynamics
9.1 Offshore Workover Rig Industry Trends
9.2 Offshore Workover Rig Market Drivers
9.3 Offshore Workover Rig Market Challenges
9.4 Offshore Workover Rig Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Highland Petroleum Equipment
ZPEC
Rg Petro-machinery
Sinopec Oilfield Equipment
INTLEF
Lanzhou LS Heavy Equipment
Drillmec
Highdrilling
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*If Applicable.