According to Digital Journal, the global Truck-mounted Drilling Rig market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with a CAGR of during the review period. With that, here are some key points to keep at the forefront:
#1 Analyzing Drilling Needs
Based on my experience, before investing in a truck mounted drill rig, businesses must thoroughly analyze their drilling needs. These could include the type of drilling operation, depth requirements, and frequency of use. The right truck mounted drill rig should meet these operational requirements efficiently.
#2 Drill Rig Capacity
The capacity of the drill rig is a crucial factor to consider. It should be able to handle the maximum load that is expected during the operations. The torque, hole depth, and hole diameter are some of the specifics to look into while evaluating the drill rig’s capacity. Consider checking out drill rigs at Drillrigy.
#3 Technological Capabilities
The technological capabilities of a drill rig significantly affect its overall performance and productivity. When an older drill rig fleet is being used, purchasing a new drill rig provides the opportunity to significantly enhance drilling productivity. Newer rigs tend to offer more reliable uptime and come with more built-in safety features compared to older rigs.
#4 Equipment Maintenance
The maintenance requirements of a truck mounted drill rig should also be considered. Rigs that are easy to maintain and come with good service support are a more feasible choice, as they can ensure reduced downtime. The cost of fixing these rigs can quickly accumulate, and the loss of productivity during downtime can also impact the bottom line.
#5 Transportation and Mobilization
Lastly, the ease of transportation and mobilization of the drill rig is a factor to consider. Compact rigs that can be easily transported and quickly set up at the site can help increase operational efficiency and save time. For instance, a brand of Water Well Drill Rig is compact and powerful, offering hassle-free mobilization and operations in off-road or limited-access residential areas.