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2025-09-09 06:29:58 -

Oilfield Equipment Rental Market Records Growth in Tool Utilization

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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