analytics_image
Vantage Market Research
Vantage Market Research

Reports - OCTG for Onshore Drilling Market

iconHeavy Industry

OCTG for Onshore Drilling Market

OCTG for Onshore Drilling Market Size, Share & Trends Analysis Report by Product Type (Casing, Tubing, Drill Pipe, Drill Collars, Accessories) by Application (Conventional Oil and Gas Drilling, Unconventional Oil and Gas Drilling, Enhanced Oil Recovery (EOR)) by End Use (Oil and Gas Operators, Service Providers) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)

ppt icon
pdf icon
xlsx icon
power bi icon
immediate delivery icon

Industry Leaders Trust Us For Actionable Intelligence

Revenue Insights

Market Size in 2024

USD 20.96 Billion

Market Size By 2035

USD 35.9 Billion

CAGR (2025 - 2035)

5.93%

Largest Region

North America

Fastest Region

Middle East and Africa

Base Year

2024

Historic Data

2021 - 2023

Forecast Period

2025 - 2035

Segments Covered

By Product Type, By Application, By End Use, By Region

Report Coverage

The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.

Overview

The global OCTG for Onshore Drilling Market is valued at USD 20.96 Billion in 2024 and is projected to reach a value of USD 35.9 Billion by 2035 at a CAGR (Compound Annual Growth Rate) of 5.93% between 2025 and 2035.

Definition And Overview

OCTG which is oil country tubular Goods, it mainly mean the piping products applied in the production of oil and gas (drilling activities). OCTG pipe is manufactured based on the API or the related standard specifications. It could also be called with collective name of the Drill pipe, Couplings, Steel Casing Pipe and Tubing pipe, Connections as well as accessories that are used in petroleum industries that offshore and onshore.

This report provides an exhaustive analysis on all aspects of OCTG for Onshore Drilling industry including the market size for historic period of 2020–2023 and forecasts for 2024–2035 while 2024 is considered as a base year for estimations. The report covers dedicated chapters for each main segment while dedicated sections for each region cover thorough information on the drivers, restraints, opportunities and other such factors impacting global OCTG for Onshore Drilling market. Moreover, the report also covers in depth analysis on various marketing tools such as Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, and Player Positioning Analysis, among others. These tools are expected to aid the industry stakeholders in their decision making.

OCTG for Onshore Drilling Market Size, 2024 To 2035 (USD Billion)

Regional Analysis Preview

Based on the geography, the global OCTG for Onshore Drilling market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. The report includes a separate section covering detailed OCTG for Onshore Drilling regional analysis based on various macro/micro factors impacting the growth of the market. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same. Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global OCTG for Onshore Drilling market.

Market Segmentation

ParameterDetails
Segment Covered

By Product Type

  • Casing
  • Tubing
  • Drill Pipe
  • Drill Collars
  • Accessories

By Application

  • Conventional Oil and Gas Drilling
  • Unconventional Oil and Gas Drilling
  • Enhanced Oil Recovery (EOR)

By End Use

  • Oil and Gas Operators
  • Service Providers

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, South-East Asia, Rest of Asia Pacific)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa
Companies Covered
  • U. S. Steel Ltd.
  • National Oilwell Varco
  • ILJIN Steel
  • Power Solutions LLC
  • Sumitomo Metal Corporation
  • Tenaris
  • Continental Alloys
  • Tmk Group
  • Nippon Steel
  • IPSCO
  • Kelly Pipe
  • Vallourec.
Customization ScopeEnjoy complimentary report customization—equivalent to up to 8 analyst working days—with your purchase. Customizations may include additions or modifications to country, regional, or segment-level data.
Pricing and purchase optionsAccess flexible purchase options tailored to your specific research requirements. Explore purchase options

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product Types, Applications, End use, and Region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2023–2035. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Types, the market is divided into Drill, Pipes, Thread Protectors, Stabbing Guides, Bumper Rings, Pipe Chocks. Pipes held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.

COVID-19 Impact Analysis

When the Covid19 pandemic started in China last year it sends its shock waves to countries across the globe. And as the number of cases was on the rise, it enforced the governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the impending catastrophe. These actions had a dramatic impact on the economy, as the industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. Thus, plummeting the global markets. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The 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.

Track market trends LIVE & outsmart rivals with our Premium Data Intel Tool: Vantage Point

Industry Analysis

The report covers exhaustive analysis on the global OCTG for Onshore Drilling 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. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.

Considering the increasing activities of drilling globally the count is driving the consumption of oil country tubular goods (OCTG), mainly in premium grades used in drilling and driving the market over the forecast period. The increased advanced technological developments is anticipated to augment the growth of the market in the years to come. The high initial costs of materials and low awareness among the consumers is anticipated to hamper the growth of the market in the years to come.

Competitive Landscape

The global OCTG for Onshore Drilling market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report will also include extensive analysis on key strategies adopted by market players such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.

The key players in the global OCTG for Onshore Drilling market include - U. S. Steel Ltd. and among others.

Report coverage & Deliverables

Our PDF Reports And Online Dashboard Will Help You Stay Ahead In The Market.

    Key features include:

  • Check
    Competitive benchmarking
  • Check
    Historical data and future forecasts
  • Check
    Company-wise revenue breakdown
  • Check
    Regional growth opportunities
  • Check
    Latest market trends and dynamics
  • Check
    Impact of emerging technologies like AI and automation
  • Check
    Key regulatory updates and ESG considerations

FAQ‘s

Related Reports

Healthcare ITHealthcare IT

Veterinary Care Market Size, Share & Trends Analysis Report

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Veterinary Care Market, focusing on crucial trends, advancement in technology, and the competitive landscape. With an emphasis on..

From $4299

Healthcare ITHealthcare IT

Surgical Imaging Market Size, Share & Trends Analysis Report

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Surgical Imaging Market, focusing on crucial trends, advancement in technology, and the competitive landscape. With an emphasis on..

From $4299

Healthcare ITHealthcare IT

Healthcare BPO Market Size, Share & Trends Analysis Report

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Healthcare BPO Market, focusing on crucial trends, advancement in technology, and the competitive landscape. With an emphasis on..

From $4299

Healthcare ITHealthcare IT

Pen Needles Market Size, Share & Trends Analysis Report

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Pen Needles Market, focusing on crucial trends, advancement in technology, and the competitive...

From $4299

Energy & PowerEnergy & Power

Petroleum Cargo Inspection and Testing Services Market

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Petroleum Cargo Inspection and Testing Market, focusing on crucial trends, advancement in technology, and the competitive...

From $4299

Energy & PowerEnergy & Power

Petroleum Cargo Inspection and Testing Services Market

John Doe
13 Nov
5 Min Read

This report delivers comprehensive analysis of Petroleum Cargo Inspection and Testing Market, focusing on crucial trends, advancement in technology, and the competitive...

From $4299

vantage logo

Vantage Market Research & Consultancy Services is all about providing accurate and reliable market intelligence to its clients for the seamless execution of their business growth strategies.

© 2025 Vantage Market Research. All right reserved
Secured Bysecured by
OCTG for Onshore Drilling Market Size Analysis Report 2025-2035