
Drill Pipes Market
Drill Pipes Market Global Industry Assessment & Forecast
Segments Covered
By Application Onshore, Offshore
By Grade API, Premium
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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235 Million |
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316.7 Million |
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3.8 |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
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Key Insights
The
global Drill Pipes market was valued at USD 235 Million in 2020 and is
projected to reach USD 316.7 Million by 2028, growing at a CAGR of 3.8%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 316.7 Million |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 3.8% |
Definition And Overview
Drill pipe refers to tube shaped conduit which is made of alloy or composite materials which is fitted on specially made threaded ends, known as tool joints. The end with external thread is known as the male end, and the end with an internal thread is known as the female end. The main purpose of a drill pipe is to provide a connection in the BHA or surface equipment for purposes ofdrilling .
The global Drill Pipes market is segmented based on by Application, Grade, Regions, and Countries. This report provides an analysis of the global Drill Pipes market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Drill Pipes industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19
pandemic led to government of numerous countries across the globe to impose stringent
lockdown measures during the primary stages. This led to numerous challenges owing
to the supply chain. However, the market witnessed steady growth over the later
stages as the governments lifted restrictions on construction activities. Impact
of COVID-19 on the market demand is considered while estimating the current and
forecast market size and growth trends for all the regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long-term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Industry Analysis
The rising demand for oil as well as gas supply from industrial use, residential and transportation sectors is major reason driving the market growth. Additionally, drill pipes plays a vital role in oil and gas explorations as they withstand immense heat, stress and load during drilling and completion fluids operations.
The increment in the investments in offshore exploration with the increasing production activities conducted in developed and emerging nations. Various product innovations, like the introduction of drill pipes which can function in places with very high pressure, permafrost, temperatures or with high concentrations of toxic substances like hydrogen sulfide (H2S), are driving the growth of the market.
The high initial costs of materials and low awareness in the consumers is anticipated to hinder the growth of the market in the years to come.
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Application, Grade |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | DP Master, Alcoa, Aluminum Drill Pipe, RDT-USA, Superior Drillpipe Manufacturing, National Oilwell Varco, Hunting, Texas Steel Conversion, Tenaris, Kingsland Drill International, Tejas Tubular Products, Vallourec, Drill Pipe International, Hilong Group, TMK. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Product Analysis Preview
Application
Analysis: Preview On the basis of Application,
the market is segmented into Onshore, Offshore. Onshore held the highest
share in the global Drill Pipes
market and is projected to witness the same trend during the forecast
period. Companies in this
sector are opting to advanced technologies in their supply chain to cater the
end user requirements effectively. Grade
Analysis: Preview
Based on Grade,
the market is segmented into API, Premium. API accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Drill Pipes Market: Application Segment Analysis
-
- Onshore
- Offshore
Global Drill Pipes Market: Grade Segment Analysis
-
- API
- Premium
Regional Analysis Preview
Based
on region, the global Drill Pipes market is segregated into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. North America
region led the market with the largest share in 2020. Some of the key countries
contributing to the surge in the market are the U.S., U.K., Germany, France,
China, India, Japan, and South Korea. Developing economies in the Asia Pacific
region such as China and India are expected to make notable contributions in
the growth over the coming years. Thus, it is expected that the Drill Pipes market
is anticipated to rise over the forecast timespan.
Market Size, 2021 (USD Billion)
Global Drill Pipes Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Drill Pipes market are DP Master, Alcoa, Aluminum Drill Pipe, RDT-USA, Superior Drillpipe Manufacturing, National Oilwell Varco, Hunting, Texas Steel Conversion, Tenaris, Kingsland Drill International, Tejas Tubular Products, Vallourec, Drill Pipe International, Hilong Group, TMK.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Global Drill Pipes Market: Key Highlights
- The global Drill Pipes market was valued at USD 235 Million in 2020
- The global Drill Pipes Market is projected to reach USD 316.7 Million by 2028
- North America held the highest share of the Drill Pipes market in 2020
- Some of the major companies operating in the Drill Pipes market are DP Master, Alcoa, Aluminum Drill Pipe, RDT-USA, Superior Drillpipe Manufacturing, National Oilwell Varco, Hunting, Texas Steel Conversion, Tenaris, Kingsland Drill International, Tejas Tubular Products, Vallourec, Drill Pipe International, Hilong Group, TMK.
FAQ
Frequently Asked Question
What is the global demand for Drill Pipes in terms of revenue?
-
The global Drill Pipes valued at 235 Million in 2020 and is expected to reach 316.7 Million in 2028 growing at a CAGR of 3.8%.
Which are the prominent players in the market?
-
The prominent players in the market are DP Master, Alcoa, Aluminum Drill Pipe, RDT-USA, Superior Drillpipe Manufacturing, National Oilwell Varco, Hunting, Texas Steel Conversion, Tenaris, Kingsland Drill International, Tejas Tubular Products, Vallourec, Drill Pipe International, Hilong Group, TMK..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Drill Pipes include
- The rising demand for oil as well as gas supply from industrial use, residential and transportation sectors is major reason driving the market growth. Additionally, drill pipes plays a vital role in oil and gas explorations as they withstand immense heat, stress and load during drilling and completion fluids operations.
- The increment in the investments in offshore exploration with the increasing production activities conducted in developed and emerging nations. Various product innovations, like the introduction of drill pipes which can function in places with very high pressure, permafrost, temperatures or with high concentrations of toxic substances like hydrogen sulfide (H2S), are driving the growth of the market.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Drill Pipes in 2020.