According to Cognitive Market Research, the global Drilling Mud Motors Market size is USD 415.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 166.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 124.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 95.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 20.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 8.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The OEM sales channel stands out. This category commands a significant portion of the market share due to the direct procurement of drilling mud motors by drilling equipment manufacturers.
