Oilfield Equipment Rental Market Records Growth in Tool Utilization

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2025-09-09 06:29:58 -

The oilfield equipment rental market was valued at USD 24.13 billion in 2023 and is expected to grow to USD 31.22 billion by 2030, supported by a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030. This expansion is largely fuelled by increased investments in global oil and gas exploration and production (E&P), driven by surging demand for crude oil and natural gas and...

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