The North American market for used rotary drilling rigs has shown consistent growth, primarily driven by two major industries: construction and oil & gas. This article delves into the specific factors influencing the demand in this region.

Infrastructure Projects

In North America, significant investments in infrastructure have led to an increased demand for used rotary drilling rigs. The United States and Canada are focusing on:

• Road Construction: Expanding highway systems and building new roads require efficient drilling machinery.

• Commercial Buildings: The growth in commercial real estate has necessitated advanced drilling equipment for foundational work.

Oil & Gas Exploration

The oil & gas sector is a critical driver of the demand for used rotary drilling rigs in North America. Key factors include:

• Shale Oil Boom: The shale oil revolution in the United States has significantly increased the need for drilling rigs.

• Offshore Drilling: Gulf of Mexico offshore drilling activities contribute to the demand for robust and reliable rigs.

Cost Efficiency

Businesses in North America are increasingly opting for used rotary drilling rigs due to their cost efficiency. This trend is influenced by:

• Budget Constraints: Many companies face budget constraints and prefer cost-effective used equipment over new machines.

• Technological Advancements: Modern used rigs come with advanced technology, providing efficient solutions at a lower cost.

The North American market for used rotary drilling rigs is robust, with substantial demand driven by infrastructure projects and the oil & gas sector. The trend towards cost-effective solutions makes used rotary drilling rigs an attractive option for many businesses.