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The Global Drill Pipe Market was valued at USD 1,238 million in 2019 and is projected to grow at a CAGR of around 6.52% to reach USD 1,427 million by 2025. Growth in the market can be attributed to the increasing demand for energy coupled with the declining production in onshore fields, which has necessitated exploration of offshore reserves. Growing investments across upstream sector coupled with ongoing exploration & production of unconventional resources including shale and tight gas will drive the drill pipe market size across the globe. A drill pipe, is a hollow, thin-walled, steel or aluminum alloy piping that is used on drilling rigs.Speak directly to the analyst to clarify any post sales queries you may have.
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In terms of application, the Global Drill Pipe Market is categorized into onshore and offshore, of which the onshore category was the largest segment in 2019 and it is anticipated to maintain its dominance during forecast period as well. The growth of the onshore category is majorly attributable to the development of unconventional reserves such as coal bed methane, tar sands and shale reserves.
In terms of region, the Global Drill Pipe Market is categorized into North America, South America, Europe, Asia-Pacific and Middle East & Africa. North America accounted for majority of the global market for drill pipes in 2019 and is anticipated to maintain its position during forecast period as well. Burgeoning shale gas exploration and production in the US, has favored the drill pipe market in the North America. Middle East & Africa drill pipes market is expected to witness the fastest growth throughout the forecast period. Rising focus towards achieving diversified economic growth along with various government schemes to enhance crude oil production is expected to propel the growth of drill pipe market in Middle East & Africa.
Drill pipe market is largely controlled by 4 major market players including Hilong Group, TMK Group, Tenaris S.A. and National Oilwell Varco. These companies have large scale manufacturing operations which cater to major oil & gas exploration hotspots such as Africa and Asia-Pacific among others. Some of the other players operating in the Global Drill Pipe Market are Drill Pipe International LLC, Oil Country Tubular Limited, Tejas Tubular Products Inc., Texas Steel Conversion Inc., DP Master, among others.
Years considered for this report:
- Historical Years: 2014-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Objective of the Study:
- To analyze and forecast the market size of the Global Drill Pipe Market
- To forecast the Global Drill Pipe Market based on grade, application and regional distribution
- To identify drivers and challenges for the Global Drill Pipe Market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Drill Pipe Market
- To conduct the pricing analysis for the Global Drill Pipe Market
- To identify and analyze the profile of leading players operating in the Global Drill Pipe Market
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of drill pipe manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the suppliers which could not be identified due to the limitations of secondary research. The publisher analyzed the product offerings, distribution channels and presence of all major drill pipe manufacturers across the globe.
The publisher calculated the Global Drill Pipe Market size by using a bottom-up approach, wherein data for various end-user industries and its application across various product types were recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Drill pipe manufacturers
- Drill pipe suppliers, distributors and other stakeholders
- Drill pipe end-user industries
- Organizations, forums and alliances related to drill pipe market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global Drill Pipe Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Application
- Offshore
- Onshore
Market, By Type
- API Grade
- Premium Grade
Market, By Region:
- Asia-Pacific
- China
- India
- Indonesia
- Australia
- Malaysia
- Rest of Asia-Pacific
- Europe
- Russia
- Norway
- United Kingdom
- Netherlands
- Denmark
- Rest of Europe
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- Kuwait
- UAE
- Iran
- Rest of MEA
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Drill Pipe Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a client’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology3. Executive Summary12. Market Trends & Developments14. Strategic Recommendations
4. Voice of Customer
5. Global Drill Pipe Market Outlook
6. North America Drill Pipe Market Outlook
7. Asia-Pacific Drill Pipe Market Outlook
8. Europe Drill Pipe Market Outlook
9. Middle East & Africa Drill Pipe Market Outlook
10. South America Drill Pipe Market Outlook
11. Market Dynamics
13. Competitive Landscape
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- National Oilwell Varco
- TMK Group
- Hilong Group
- Tenaris S.A.
- Vallourec S.A.
- Drill Pipe International Llc
- Oil Country Tubular Limited
- Tejas Tubular Products Inc.
- Texas Steel Conversion Inc.
- DP Master
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