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Drill Pipe Market – Global Industry Analysis and Forecast (2018-2026)

Drill Pipe Market was valued US$ 935.4 Mn in 2017 and is estimated to reach US$ 11,200 Mn by 2026 at a CAGR of about 3.47% during a forecast period.

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Drill pipe specify to a hollow thick-walled pipe, which is used to carry out horizontal drilling for facilitating drilling in a wellbore. A single length drill pipe consists of a hollow tube usually long in height with enough wall thickness along with tool joint connections at the two ends. The global oil field equipment rental market is majorly driven by the increase in drilling activities in the upstream Oil & gas business. The growing numbers of depth wells have raised the significance of drill pipe. However, the growth of this market is anticipated to be hindered by high capital cost for drilling and stringent regulations for drilling activities. Resisting the growth in the global drill pipe market is the tanking crude oil prices. Customers now have firm bargaining power in negotiating new contracts and extensions too on account of the downward pressure on prices.

Drill pipe market is segmented into grade, application, and region. On the basis of grade, American petroleum institute (API) grade drill pipes hold the biggest share in global demand and are anticipated to continue their dominance over the forecast period. API grade products are mostly preferred in normal environment, and conventional vessel owing to the easy availability. The API grade drill pipes are cheaper as compared to the premium grade drill pipes. Premium grade drill pipes are generally suitable for abnormal drilling conditions such as high temperature, high pressure, corrosive environments etc. with the increase in the deep water drilling activities, the market for premium grade drill pipe is anticipated to grow higher rate than API drill pipe.

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Based on application, onshore applications occupy the larger market size but the offshore regions show higher growth rate due to the rise in offshore drilling activity in regions such as Africa and the Middle East. Onshore drill pipe market is predicted to witness growth on account of increase in rig count coupled with lower operational venture as compared to offshore drilling.

In terms of region, North America drill pipe market will witness strong growth owing to rise in capital expenditure from independent players across the region. Asia Pacific and Central & South America are anticipated to witness above average growth rates over the next few years. Expected increase in rig activities along with several new field developments including the offshore basins especially in China, Indonesia, Australia and India is anticipated to drive Asia Pacific drill pipes industry growth.

Key Players Profiled and Analised in the Report
Superior Drillpipe Manufacturing Inc., Tenaris Company, Drill Pipe International LLC, DP Master Manufacturing Pvt Ltd., Shanghai Hilong Drill Pipe Co. Ltd., RK Pipe LLC, TPS TECHNITUBE RÖHRENWERKE GmbH, and Interdril Asia Ltd.

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Scope of the Drill Pipe Market

Drill Pipe Market by Grade

• API Grade
• Premium Grade

Drill Pipe Market by Application

• Onshore
• Offshore

Drill Pipe Market by Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Key Players operating in Market Scope 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 LLC
• TPS TECHNITUBE RÖHRENWERKE GmbH
• Inter drill Asia Ltd.
• Oil Country Tubular Limited
• TMK Group
• Vallourec
• Texas Steel Conversion
• Ferrostaal Piping Supply
• Holly Pipe Corporation
• E&M Supply Group
• Hilong Group
• Jiangyin Long Bright Drill Pipe Manufacturing Co.
• Premier Drill Products
• National Oilwell Varco

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MAJOR TOC OF THE REPORT

Drill Pipe Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology

3. Executive Summary
3.1. Global Drill Pipe Market Size, by Market Value (US$ Mn) and Market, by Region

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis

5. Global Drill Pipe Market Analysis and Forecast
5.1. Global Drill Pipe Market Analysis and Forecast
5.2. Global Drill Pipe Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America

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ENERGY

Drill Pipe Market Analytical Overview and Size(Value and Volume) by 2025

Global Drill Pipe Market: Snapshot

Drill pipes are hollow pipes, usually made of aluminum alloys or steel and are a core component in the drilling process. The hollow drill pipes enable for the transfer of drilling fluids downwards towards the drill point or back upwards through the annulus. Although a standard length for drill pipes is up to 32 feet, there are longer pipes that could stretch till 45 feet and are used in special circumstances.

Most stems in drilling systems need to be created in a way that allows for efficient drilling torque transfer that can be sent downward, over many miles and through the Earth’s crust. In order to do this, the pipes need to be able to withstand the massive pressure exerted by the ground towards the outer walls of the pipe, as well as the pressure exerted by the fluids from within. This involve the use of tempered steel tubes that can be expensive in nature. Due to this, the reusability of drill pipes is a highly regarded quality that could end up hampering the overall demand rates for them.

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Global Drill Pipe Market: Overview 

Drill pipes, usually made from aluminum or steel, are hollow and thin-walled and utilized in drilling rigs. Drilling fluid is pushed down the hole and back up the annulus. They are available in the market in different sizes, strengths, and wall thicknesses. Their length is usually between 27 and 32 feet. They can withstand massive internal and external pressure, distortion, bending, and vibration as they can rotate and lift the bottom hole assembly (BHA). The two types of drill pipes are standard drill pipes and heavy weight drill pipe.

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Global Drill Pipe Market: Key Trends

At the forefront of driving growth in the global drill pipe market is the spiking demand for energy, which has necessitated exploration of offshore reserves on account of tanking production from onshore fields. The progress in drilling technologies such as pad drilling and horizontal drilling have also helped up output and lowered drilling rig downtime, which has expedited drilling operations. This is slated to push up demand even further.

Countering the growth in the global drill pipe market is the tanking crude oil prices. This has also resulted in a steady decline in rig rental capital in the offshore market. Customers now have strong bargaining power in negotiating new contracts and extensions too on account of the downward pressure on prices.

Global Drill Pipe Market: Market Potential

At present there are way too many offshore drilling rigs chasing too little work. Hence, many are being idled or scrapped. Offshore opportunities, however, are abound in Africa and the Middle East that provide an avenue for growth for the market. The onshore oil and gas presents much greater opportunity than the offshore ones because the explosive drilling activities from shale reserves, coal bed methane, and tar sands.  Additionally, the continued spike in global petroleum consumption is also predicted to create major growth opportunities for the market in the near future.

Going forward, the premium grade drill pipe segment is slated to hold out a lot of potential because of the growth in the exploration activity in deepwater and ultra deepwater regions primarily in Europe and Africa, where recent oil and gas discoveries have occurred in the offshore regions. Premium grade drill pipe is helpful in deepwater exploration on account of it being immune to high pressure and high temperatures.

Global Drill Pipe Market: Regional Outlook

From a geographical perspective, North America is a key region on account of the burgeoning shale gas exploration and production in the U.S., which has favored the drill pipe market and will continue doing so in the near future. Canada is another important market in the region. The Middle East and Africa are other crucial markets on account of the presence of a large number of reserves.

In terms of growth, however, Asia Pacific, powered by China, will outshine all other regions. This will be mainly on account of the flexible and hassle-free regulatory scenario in the countries of China, India, Indonesia, and Singapore. 

Global Drill Pipe Market: Competitive Analysis

Some of the prominent players in the global drill pipe market are Superior Manufacturing, Tenaris S. A, Drill Pipe International, Oil Country Tubular Limited, Texas Steel Conversion, Inc., Hilong Group of Companies, TMK Group, DP Master, Vallourec S.A., Tejas Tubular Products, Inc., Jiangyin Long Bright, National Oilwell Varco.

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Categories
Global Market MARKET REPORT

Drill Pipe Market- Trends, Analysis and Forecast till 2030

PMI’s Latest Report, Drill Pipe Market report is analyzed and studied on the basis of a comprehensive backdrop analysis. Hence, the Global Drill Pipe Market report focuses on the information related to the several market segmentations, geographical segmentation, market dynamics, market growth factors, and a complete study of the competitive overview of this market. In addition, the Market research report covers a detailed study of company profiles, which are implementing several strategies to gain their status in the global market. However, the company profiling of the top vendors comprises their market size, product consumption, new product launches, and deep information about the strategies they implement.

Key Players Dominating This Market are:

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.

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The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

The Drill Pipe Market is Segmented as:

  • By Grade (API Grade and Premium Grade)

  • By End User (Onshore and Offshore)

  • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

 

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Why to Choose This Report:

  • Complete in-depth analysis on market dynamic powers, market status and competitive situation is offered in this report which helps one to gain facts of the industry in detailed way.
  • The ten-year forecast report shows; how the market is expected to grow in the near imminent.
  • All strong Drill Pipe Industry verticals are presented in this study like Product Type, Applications and Geographical Regions.
  • Forecast Drill Pipe Industry trends will present the market drivers, constraints and growth opportunities.
  • Wide-ranging market dynamics will facilitate key insights for informed decision making.

Company Overview

Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

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Global Market MARKET REPORT

Drill Pipe Market – Drivers and Restraints 2030

Advanced report on ‘Drill Pipe Market’ Added by prophecymarketinsights.com, offers details on current and future growth trends pertaining to the business besides information on myriad regions across the geographical landscape of the ‘Drill Pipe market’. The report also expands on comprehensive details regarding the supply and demand analysis, participation by major industry players and market share growth statistics of the business sphere.

Drill Pipe Market report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market also the SWOT analysis that concludes the strengths, weaknesses, opportunities and threats impacting the segment of the overall market.

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Key Players Involve in 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.

Drill Pipe Market Segmentation:

  • By Grade (API Grade and Premium Grade)

  • By End User (Onshore and Offshore)

  • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

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Table of Content

Chapter One Global Drill Pipe Market Overview

Overview and Scope of global Drill Pipe Market

Sales and Growth Comparison of global Drill Pipe Market

Global Drill Pipe Market Sales Market Share

Global Drill Pipe Market by product segments

Global Drill Pipe Market by Regions

Chapter two Global Drill Pipe Market segments

Global Drill Pipe Market Competition by Players

Global Drill Pipe Sales and Revenue by Type

Global Drill Pipe Sales and Revenue by applicants

Chapter three Global Drill Pipe Market marketing channel

Direct Marketing

Marketing channel trend and development

Marketing Strategy Analysis, Distributors/Traders

Marketing Channel: Marketing channel trend and development, indirect marketing, and direct marketing included in the global Drill Pipe Market.

Market Positioning of Drill Pipe Market: Brand Strategy, Pricing Strategy, Distributors/Traders List, Target Client

Market affecting Factors Analysis: Economic/Political Environmental Change, Technology Progress/Risk in Drill Pipe Market, Substitutes Threat, Consumer Needs/Customer Preference Change, and Technology Progress in Related Industry.

Finally, the global Drill Pipe Market offers an overall research conclusion and a market feasibility of investing in new projects is evaluated. Global Drill Pipe Market is a valuable source of guidance and way for individuals and companies interested in the sales of the market.

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Categories
MARKET REPORT

Drill Pipe Market Growth Opportunities by 2030

A recent market study published by PMI consists of a detailed evaluation of the key market dynamics. The report provides past as well as present growth parameters of the global Drill Pipe Market. The report features important and unique factors, which are expected to significantly impact the growth of the global Drill Pipe Market throughout the forecast period 2020-2030.

The Drill Pipe market report includes comprehensive information about the market’s major competitors, including various organizations, companies, associations, suppliers and manufacturers competing for production, supply, sales, revenue generation, and after-sales performance expectations. The bargaining power of numerous vendors and buyers have also been included in the research report.

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Key Players Included in This Report are:

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.

Region-wise share:

Regions 2018 2020 2022 2024 2026 2028 2030
North America XXX XXX XXX XXX XXX XXX XXX
Europe XXX XXX XXX XXX XXX XXX XXX
APAC XXX XXX XXX XXX XXX XXX XXX
Rest of the World XXX XXX XXX XXX XXX XXX XXX


The Report can be Segmented as:

  • By Grade (API Grade and Premium Grade)

  • By End User (Onshore and Offshore)

  • By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

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Key Question Answered in Report:

  • What are the strengths and weaknesses of the Drill Pipe Market?
  • What are the different marketing and distribution channels?
  • What is the current CAGR of the Drill Pipe Market?
  • What are the Drill Pipe market opportunities in front of the market?
  • What are the highest competitors in Drill Pipe market?
  • What are the key outcomes of SWOT and Porter’s five techniques?
  • What is the Drill Pipe market size and growth rate in the forecast period?

To conclude, Drill Pipe Industry report mentions the key geographies, market landscapes alongside the product price, revenue, volume, production, supply, demand, market growth rate, and forecast etc. This report also provides SWOT analysis, investment feasibility analysis, and investment return analysis.

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