Saudi Arabia Oilfield Equipment Rental market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2022-27. The rising expansion of existing oilfield reserves in Saudi Arabia has increased the production capacity of the country, resulting in an increased demand for oilfield equipment rental, such as drill pipes. Moreover, the rapid research & developments in the fields of the oil & gas industry would further explore the untapped oil field reserves in the near future.