Rig mats are one of the most simple and vital assets in the oil and gas industry. While drilling fluids in difficult terrains, rig mats help oil and gas companies overcome access challenges. With more companies working in remote areas in the oil and gas segment, there has been a surge in demand for rig mats. The rig mat industry needs a mechanism that can track and help companies retrieve these rig mats that are buried in water and mud. Another factor that can help the rig mat industry evolve is having a clear understanding of the fleet management system. Major companies are unaware of the rental days for rig mats. With the help of data analytics engine and software that uses various metrics, companies can produce an effective fleet management system. Infiniti’s market assessment study offers insights on various challenges and trends in the current rig mats industry for the global oil and gas segment.
The Business Challenge
A leading provider of oil and gas wanted to understand the market landscape for rig mats in the oil and gas segment. The client also wanted to identify the key stakeholders in the market, their market shares specific to the regions, and analyze the buying behavior patterns and purchase criteria of customers.
Our Research Methodology
To analyze the competitive landscape of the market, our industry experts at Infiniti carried out extensive primary research comprising of interviews and discussions with leading market stakeholders, business experts, opinion leaders, suppliers, distributors, and manufacturers. As a part of the secondary research, our market assessment team collated information from external and proprietary databases such as white papers, journals/magazines, news aggregators, and industry forums.
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Our Solution Helped the Client
- Identify the key stakeholders in the market and their market shares
- Understand key changing policies related to rig mats market
- Gained overview of the market and sales tragedy of leading competitors
Benefits of Our Integrated Approach
After a comprehensive engagement, the client obtained actionable insights into the market landscape. The engagement helped the client identify the current market trends, potential drivers, and challenges faced by rig mats in the oil and gas industry. The market assessment study helped the client assess the current and expected market size in the rig mats industry in terms of both volume and value.