OCTG for Onshore Drilling Market
OCTG for Onshore Drilling Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0456
Segments Covered
By
Types Drill, Pipes, Thread Protectors, Stabbing Guides, Bumper Rings, Pipe Chocks
-
By
Applications Onshore Drilling, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
12.8 Billion |
 Revenue 2028:
|
28.66 Billion |
 Revenue CAGR
(2021 - 2028): |
10.6 |
Fastest Growing Region (2022 -
2028)
|
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
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Types, Applications,
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 2016–2028.
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.
Based on Applications,
the market is divided into Onshore Drilling, Others. Onshore Drilling attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global OCTG for Onshore Drilling Market: Types Segment Analysis
-
- Drill
- Pipes
- Thread Protectors
- Stabbing Guides
- Bumper Rings
- Pipe Chocks
Global OCTG for Onshore Drilling Market: Applications Segment Analysis
-
- Onshore Drilling
- Others
FAQ
Frequently Asked Question
What is the global demand for OCTG for Onshore Drilling in terms of revenue?
-
The global OCTG for Onshore Drilling valued at 12.8 Billion in 2020 and is expected to reach 28.66 Billion in 2028 growing at a CAGR of 10.6%.
Which are the prominent players in the market?
-
The prominent players in the market are U. S. Steel Tubular Products, National Oilwell Varco, ILJIN Steel, Power Solutions LLC, Sumitomo Metal Corporation, Tenaris, Continental Alloys, Tmk Group, Nippon Steel, IPSCO, Kelly Pipe, Vallourec..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 10.6% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the OCTG for Onshore Drilling include
- 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.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the OCTG for Onshore Drilling in 2020.
