Global Drill Pipe Market By Overview
Introduction:
Drill pipes are hollow thick-walled pipe of steel, and aluminum alloy piping to carry out horizontal drilling for facilitating drilling in a wellbore. Drill pipes are available in various types, sizes, weight, and strengths. Oil and gas exploration activities have to withstand enormous stress, load and heat during drilling operations in which drill pipes plays important role to withstand all stress. They are usually long in height single length drill pipe consists of a hollow tube with adequate wall thickness along with tool joint connections at the two ends. In well drilling operations, the well has to be drilled through rocky layers on land and sometimes inside the sea. Drill pipes are subject to torsional stress and fatigue at the time of drilling; thus, they are seamless in nature and are heat-treated to conform the specifications. The global drill pipes market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 10.98 billion by 2030 and is anticipated to register a CAGR of 7.5%.
Global Drill Pipe Market By Dynamics
Rising offshore oil fields activity
The major factors driving the global drill pipe market are increasing offshore exploration, production activities & increasing investments for the development of offshore oil fields. Increasing investment in oil exploration activities and advancement in drilling technologies also propels the growth of target market. Increasing presence of conventional and large unconventional onshore oil and gas business is another factor expected to fuel growth of the target market. Increasing demand for oil and gas supply in various industrial, transportation and domestic applications enhances the growth of the global market. On-going government ventures to increase crude production along with rising demand for petroleum products are some factors which will increase the growth of the global drill pipe market.
However, the high operational cost of drilling procedures and increasing atmospheric distress due to emission of hazardous gases are the factor to restrain the growth of global drill pipe market.
Global Drill Pipe Market By Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global drill pipes market is segmented based on grade, end user, and region.
On the basis of grade, the global drill pipe market is divided into API grade and premium grade. On the basis of end user, the target market is divided into onshore and offshore.
Regional Insights:
The global drill pipes market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 10.98 billion by 2030 and is anticipated to register a CAGR of 7.5%. On region the global Drill pipes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America drill pipe market will witness strong growth owing to rise in capital expenditure from independent players across the region. The market in Asia Pacific is expected to register for significant share in the target market over the forecast period, owing to stringent government regulation, flexible regulatory scenario, and rising shale-related exploration activity followed by Middle East & Africa.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Grade- API Grade and Premium Grade By End User– Onshore and Offshore |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global drill pipes market report based on grade, end user, and region.
Global Drill Pipes Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Drill Pipe Market By Key Players
The key players operating in the global drill pipes market includes Superior Drill pipe Manufacturing Inc., Tenaris Company, Drill Pipe International LLC, DP Master Manufacturing Pvt Ltd., Shanghai Hilong Drill Pipe Co. Ltd., RK Pipe Corporation, TPS TECHNITUBE RÖHRENWERKE Pvt Ltd., and Interdril Asia Ltd.
Global Drill Pipe Market By Company Profile
- Superior Drillpipe Manufacturing Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tenaris Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Drill Pipe International LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DP Master Manufacturing Pvt Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shanghai Hilong Drill Pipe Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- RK Pipe Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- TPS Technique Rohrenwerke Pvt Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Interdril Asia Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Drill Pipe Market By Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Grade
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Drill Pipe Market, By Grade, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- API Grade
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Premium Grade
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Drill Pipe Market, By End User, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Onshore
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Offshore
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Drill Pipe Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- Superior Drillpipe Manufacturing Inc.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tenaris Company,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Drill Pipe International LLC,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DP Master Manufacturing Pvt Ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shanghai Hilong Drill Pipe Co. Ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- RK Pipe Corporation,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- TPS TECHNITUBE RÖHRENWERKE Pvt Ltd.,
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Interdril Asia Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Drill Pipe Market is segmented into grade, end user and region.
Drill pipe is projected to be driven by factors such as increased exploration activities and a focus on developing new oil and gas reserves.
By region, North America drill pipe market will witness strong growth owing to rise in capital expenditure from independent players across the region.
The Key players operating in the Global Drill Pipe Market Superior Drillpipe Manufacturing Inc., Tenaris Company, Drill Pipe International LLC, DP Master Manufacturing Pvt Ltd., Shanghai Hilong Drill Pipe Co. Ltd., RK Pipe Corporation, TPS TECHNITUBE RÖHRENWERKE Pvt Ltd., and Interdril Asia Ltd.