Drill Pipes - Global Strategic Business Report

Global Drill Pipes Market to Reach $1.9 Billion by 2030

The global market for Drill Pipes estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. API Grade, one of the segments analyzed in the report, is projected to record 4.3% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Premium Grade segment is readjusted to a revised 5.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $363.8 Million, While China is Forecast to Grow at 7.7% CAGR

The Drill Pipes market in the U.S. is estimated at US$363.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$406.5 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 47 Featured) -

• DP-Master Manufacturing (S) Pte. Ltd.
• Drill Pipe International, LLC
• Hilong Group OF Companies
• National Oilwell Varco, Inc.
• Oil Country Tubular Limited
• Tejas Tubular Products Inc.
• Tenaris SA
• Texas Steel Conversion Inc.
• TMK Group
• Vallourec SA

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year