| Product Code: ETC7390597 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Guatemala saw significant growth in drilling rig imports in 2024, with top exporters being Italy, China, USA, Germany, and Mexico. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting potential challenges for new entrants. Despite a strong compound annual growth rate (CAGR) of 20.56% from 2020 to 2024, there was a notable decline in the growth rate from 2023 to 2024 at -35.43%. This shift may signal a temporary slowdown or market adjustment but does not negate the overall positive trend in drilling rig imports to Guatemala.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guatemala Drilling Rig Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Drilling Rig Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Drilling Rig Market - Industry Life Cycle |
3.4 Guatemala Drilling Rig Market - Porter's Five Forces |
3.5 Guatemala Drilling Rig Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guatemala Drilling Rig Market Revenues & Volume Share, By Location of Deployment, 2021 & 2031F |
3.7 Guatemala Drilling Rig Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Drilling Rig Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in oil and gas exploration activities in Guatemala |
4.2.2 Increasing investments in renewable energy projects |
4.2.3 Government initiatives to boost infrastructure development |
4.3 Market Restraints |
4.3.1 Fluctuating oil prices impacting drilling activities |
4.3.2 Environmental concerns and regulations affecting drilling operations |
4.3.3 Limited availability of skilled labor in the drilling industry |
5 Guatemala Drilling Rig Market Trends |
6 Guatemala Drilling Rig Market, By Types |
6.1 Guatemala Drilling Rig Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Drilling Rig Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Guatemala Drilling Rig Market Revenues & Volume, By Jackup, 2021- 2031F |
6.1.4 Guatemala Drilling Rig Market Revenues & Volume, By Semi-submersible, 2021- 2031F |
6.1.5 Guatemala Drilling Rig Market Revenues & Volume, By Drillship, 2021- 2031F |
6.1.6 Guatemala Drilling Rig Market Revenues & Volume, By Other, 2021- 2031F |
6.2 Guatemala Drilling Rig Market, By Location of Deployment |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Drilling Rig Market Revenues & Volume, By Onshore, 2021- 2031F |
6.2.3 Guatemala Drilling Rig Market Revenues & Volume, By Offshore, 2021- 2031F |
6.3 Guatemala Drilling Rig Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Drilling Rig Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.3 Guatemala Drilling Rig Market Revenues & Volume, By Mining, 2021- 2031F |
6.3.4 Guatemala Drilling Rig Market Revenues & Volume, By Others, 2021- 2031F |
7 Guatemala Drilling Rig Market Import-Export Trade Statistics |
7.1 Guatemala Drilling Rig Market Export to Major Countries |
7.2 Guatemala Drilling Rig Market Imports from Major Countries |
8 Guatemala Drilling Rig Market Key Performance Indicators |
8.1 Number of new oil and gas exploration projects initiated in Guatemala |
8.2 Investment trends in renewable energy projects in the country |
8.3 Infrastructure development projects awarded by the government |
8.4 Utilization rate of drilling rigs in Guatemala |
8.5 Percentage of skilled labor in the drilling industry compared to total workforce |
9 Guatemala Drilling Rig Market - Opportunity Assessment |
9.1 Guatemala Drilling Rig Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guatemala Drilling Rig Market Opportunity Assessment, By Location of Deployment, 2021 & 2031F |
9.3 Guatemala Drilling Rig Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Drilling Rig Market - Competitive Landscape |
10.1 Guatemala Drilling Rig Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Drilling Rig Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here