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Drill Pipes Market

Drill Pipes Market

Drill Pipes Market Global Industry Assessment & Forecast

# Pages:

151

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0459

Segments Covered
  • By Application Onshore, Offshore
  • By Grade API, Premium
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 235 Million
Revenue 2028Revenue 2028: 316.7 Million
Revenue CAGRRevenue CAGR (2021 - 2028): 3.8
Fastest Growing Region 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

Research Methodology: Drill Pipes Market - Global Market Assessment, 2021 - 2028

The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Drill Pipes market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA

Secondary Research

Primary Research:

After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Drill Pipes market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market. 

Data Triangulation and Market Size Estimations

Top-down and bottom-up approaches are used to validate and estimate the market size of the Drill Pipes market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.  

FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 3.8% between 2021 and 2028.

  • 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.

  • North America was the leading regional segment of the Drill Pipes in 2020.