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Procurement Market Intelligence Report

Service Rigs
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Service Rigs?

What is the average price of Service Rigs?

This procurement report includes pricing information to help you purchase Service Rigs. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Service Rigs been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Service Rigs yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Service Rigs?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Service Rigs with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

According to ProcurementIQ estimates, there are 399 suppliers of service rigs in the US market. During the three years to 2019, the number of suppliers has trended downward due to challenging conditions in the oil and gas market. Namely, recent declines in oil and gas prices early in the period,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?


How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Industry Experience

How many years have you been a provider of service rigs?

Who are your current top customers? How long have they been purchasing service rigs from your company?

How has your company progressed over the years? Have there been recent changes to improve your company and inventory?

What additional tools and equipment do you provide? What is your company's key focus?


Which model is your most popular service rig? What sets this rig apart from others?

What measures do you take to ensure the quality and safety of your service rigs?

What are the top complaints about your service rigs?

Have there ever been any safety issues regarding your service rigs?


How do your company's service rigs stand out from the rest of the competition in the market?

How often do you receive repeat business from customers?

What actions does your company take to increase your market share and gain brand awareness?

Can you provide testimonials from past customers?

Customer Service

What types of warranties do you offer on your service rigs? Do you offer extended warranties?

If equipment under warranty is to be replaced, what is the average length of time to receive the replacement part?

Do you have a technical support line? What are the hours that technical support can be reached?

Do you place any sort of guarantee on your used service rigs?


What is the average lifespan of your service rigs under regular use?

How is the average lifespan of current service rig models comparable to models that were made more than 10 years ago?

What is the average maintenance and repair cost for your service rigs?

Which components are typically the first to require replacing?

Setup & Training

Does your company offer any setup assistance?

What training programs does your company provide that will help my staff optimize their efficiency with your service rigs?

How intuitive are the controls on your service rigs? Are the controls operated similar to other service rigs on the market?

What additional materials will my company need to properly setup your service rigs?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should specify the desired payment terms.

Selection Criteria

Buyers should ensure that the supplier has inventory of service rigs that meets their specifications.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers should specify the date proposals are due and when the award will be announced.

Buyers should specify the desired delivery date for the equipment.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk for service rigs is moderate, somewhat hurting buyers. Because many service rigs are built on large trucks to allow the rig to be transported easily, suppliers depend on truck manufacturers to provide base vehicles. If service rig manufacturers experience disruptions in the supply of trucks from... Subscribe to learn more.