PUBLISHER: Grand View Research | PRODUCT CODE: 1530441
PUBLISHER: Grand View Research | PRODUCT CODE: 1530441
Drill Pipe Market Size, Share & Trends Analysis Report By Grade (API Grade, Premium Grade), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2024 - 2030
Drill Pipe Market Growth & Trends:
The global drill pipe market size is projected to reach USD 2,895.2 million by 2030, registering a CAGR of 3.9% over the forecast period, according to a new report by Grand View Research, Inc. Significant oilfield expansions particularly in North America and the Middle East along with improving drilling techniques with enhanced productivity have been the key factors steering industry growth over the past few years.
The global drilling activity has been steadily increasing in recent years, particularly in emerging markets. This increased drilling activity has led to higher demand for drill pipes. Moreover, Technological advancements in drilling equipment have led to the development of more efficient and effective drilling processes, which in turn has increased the demand for higher quality and more durable drill pipes.
API grade drill pipes dominated the global drill pipes market in the grade segment and accounted for more than 63.0% overall revenue share in 2022. API (American Petroleum Institute) grade drill pipes have dominated the global drill pipe market due to several factors, including their standardized design, high quality, and reliability. The API has established a set of standards for drill pipes that ensures that they meet certain specifications for size, weight, strength, and other factors. This standardization has made it easier for manufacturers to produce drill pipes that meet the needs of drilling contractors and oil and gas companies around the world.
Onshore segment dominated the application segment for the global drill pipes market and accounted for the largest revenue share of more than 60.0% in 2022. Onshore drilling is generally less expensive and easier to access than offshore drilling, which requires specialized equipment and transportation. As a result, onshore drilling is more common and widespread than offshore drilling, and thus the onshore segment has dominated the application segment for the global drill pipes market.
Drill pipes are an essential component in onshore drilling operations, and are used to transmit drilling fluid, torque, and weight to the drill bit during the drilling process. They are designed to withstand high stress and pressure, and are subject to wear and tear over time. As onshore drilling activity has increased over the years, the demand for drill pipes has grown, driving the growth of the market.
North America dominated the regional segment and accounted for the overall revenue share of more than 26.0% in 2022. North America has dominated the regional segment of the drill pipes market due to several factors, including the presence of a large number of oil and gas reserves, a well-developed oil and gas industry, and advanced drilling technologies. The United States and Canada are major players in the global oil and gas industry, with significant reserves of both conventional and unconventional oil and gas. The development of unconventional resources, such as shale gas and tight oil, has been a major driver of drilling activity in North America, leading to a surge in demand for drill pipes.
In addition, North America has a well-established infrastructure to support drilling operations, including a vast network of pipelines, storage facilities, and refineries. This infrastructure enables the efficient transportation and processing of oil and gas, further driving the demand for drill pipes. Furthermore, North America is home to some of the world's leading drilling technology companies, which have developed advanced drilling technologies and equipment, including high-quality drill pipes. This has enabled drilling companies in the region to adopt innovative drilling techniques and improve drilling efficiency, further boosting the demand for drill pipes.
Drill Pipe Market Report Highlights:
- API grade drill pipes dominated the global drill pipes market in the grade segment and accounted for more than 63.0% overall revenue share in 2023. API (American Petroleum Institute) grade drill pipes have dominated the global drill pipe market due to several factors, including their standardized design, high quality, and reliability.
- Onshore segment dominated the application segment for the global drill pipes market and accounted for the largest revenue share of more than 60.0% in 2023. Onshore drilling is generally less expensive and easier to access than offshore drilling, which requires specialized equipment and transportation. As a result, onshore drilling is more common and widespread than offshore drilling, and thus the onshore segment has dominated the application segment for the global drill pipes market.
- North America dominated the regional segment and accounted for the overall revenue share of more than 26.1% in 2023. North America has dominated the regional segment of the drill pipes market due to several factors, including the presence of a large number of oil and gas reserves, a well-developed oil and gas industry, and advanced drilling technologies
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumptions
- 1.3. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Drill pipes - Industry Summary and Key Buying Criteria, 2018 - 2030
Chapter 3. Drill Pipes Industry Outlook
- 3.1. Drill pipe market segmentation
- 3.2. Drill pipe market size and growth prospects, 2018 - 2030
- 3.3. Drill pipe market - Value chain analysis
- 3.4. Regulatory framework
- 3.5. Recent developments
- 3.5.1. R&D initiatives
- 3.5.2. New grade development
- 3.6. Technology outlook
- 3.7. Production cost analysis
- 3.8. Key buyer trends
- 3.9. Drill pipe market dynamics
- 3.9.1. Market driver analysis
- 3.9.2. Market restraint analysis
- 3.10. Key market opportunities - Prioritized
- 3.11. Industry Analysis - Porter's
- 3.12. Drill pipe market PESTEL analysis
Chapter 4. Drill Pipes Grade Outlook
- 4.1. Global drill pipe market share by grade, 2023 & 2030
- 4.2. Api Grade
- 4.2.1. Market estimates and forecast, 2018 - 2030
- 4.2.2. Market estimates and forecast by region, 2018 - 2030
- 4.3. Premium Grade
- 4.3.1. Market estimates and forecast, 2018 - 2030
- 4.3.2. Market estimates and forecast by region, 2018 - 2030
Chapter 5. Drill Pipes Application Outlook
- 5.1. Global drill pipe market share by application, 2023 & 2030
- 5.2. Onshore
- 5.2.1. Market estimates and forecast, 2018 - 2030
- 5.2.2. Market estimates and forecast by region, 2018 - 2030
- 5.3. Offshore
- 5.3.1. Market estimates and forecast, 2018 - 2030
- 5.3.2. Market estimates and forecast by region, 2018 - 2030
Chapter 6. Drill Pipes Regional Outlook
- 6.1. Global drill pipe market share by region, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2018 - 2030
- 6.2.2. Market estimates and forecast by grade, 2018 - 2030
- 6.2.3. Market estimates and forecast by application, 2018 - 2030
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast, 2018 - 2030
- 6.2.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.2.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast, 2018 - 2030
- 6.2.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.2.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecast, 2018 - 2030
- 6.2.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.2.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2018 - 2030
- 6.3.2. Market estimates and forecast by grade, 2018 - 2030
- 6.3.3. Market estimates and forecast by application, 2018 - 2030
- 6.3.4. UK
- 6.3.4.1. Market estimates and forecast, 2018 - 2030
- 6.3.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.3.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.3.5. Russia
- 6.3.5.1. Market estimates and forecast, 2018 - 2030
- 6.3.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.3.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.3.6. Norway
- 6.3.6.1. Market estimates and forecast, 2018 - 2030
- 6.3.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.3.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2018 - 2030
- 6.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2018 - 2030
- 6.4.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.4.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast, 2018 - 2030
- 6.4.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.4.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.4.6. Indonesia
- 6.4.6.1. Market estimates and forecast, 2018 - 2030
- 6.4.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.4.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2018 - 2030
- 6.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast, 2018 - 2030
- 6.5.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.5.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecast, 2018 - 2030
- 6.5.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.5.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.5.6. Venezuela
- 6.5.6.1. Market estimates and forecast, 2018 - 2030
- 6.5.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.5.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.6. Middle East
- 6.6.1. Market estimates and forecast, 2018 - 2030
- 6.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecast, 2018 - 2030
- 6.6.4.2. Market estimates and forecast by grade, 2018 - 2030
- 6.6.4.3. Market estimates and forecast by application, 2018 - 2030
- 6.6.5. UAE
- 6.6.5.1. Market estimates and forecast, 2018 - 2030
- 6.6.5.2. Market estimates and forecast by grade, 2018 - 2030
- 6.6.5.3. Market estimates and forecast by application, 2018 - 2030
- 6.6.6. Qatar
- 6.6.6.1. Market estimates and forecast, 2018 - 2030
- 6.6.6.2. Market estimates and forecast by grade, 2018 - 2030
- 6.6.6.3. Market estimates and forecast by application, 2018 - 2030
- 6.6.7. Kuwait
- 6.6.7.1. Market estimates and forecast, 2018 - 2030
- 6.6.7.2. Market estimates and forecast by grade, 2018 - 2030
- 6.6.7.3. Market estimates and forecast by application, 2018 - 2030
- 6.7. Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030
- 6.7.2. Market estimates and forecast by grade, 2018 - 2030
- 6.7.3. Market estimates and forecast by application, 2018 - 2030
Chapter 7. Competitive Landscape
- 7.1. Competitive heat map analysis
- 7.2. Vendor landscape
- 7.3. Competitive environment
Chapter 8. Competitive Profile
- 8.1. Hilong Group
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Grade Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. National Oilwell Varco
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Grade Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Tenaris S.A.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Grade Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Vallourec S.A.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Grade Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. TMK Group
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Grade Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Oil Country Tubular Limited
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Grade Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Tejas Tubular Grades Inc.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Grade Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Texas Steel Conversion Inc.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Grade Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. DP Master
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Grade Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd.
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Grade Benchmarking
- 8.10.4. Strategic Initiatives
- 8.11. Drill Pipe International LLC
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Grade Benchmarking
- 8.11.4. Strategic Initiatives
- 8.12. Superior Drill Pipe Manufacturing, Inc.
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Grade Benchmarking
- 8.12.4. Strategic Initiatives
List of Tables
- Table 1 Drill pipe - Key market driver analysis
- Table 2 Drill pipe - Key market restraint analysis
- Table 3 Global drill pipe demand by grade, 2018 - 2030 (USD Million)
- Table 4 API grade drill pipe market, 2018 - 2030 (USD Million)
- Table 5 API grade drill pipe market, by region 2018 - 2030 (USD Million)
- Table 6 Premium grade drill pipe market, 2018 - 2030 (USD Million)
- Table 7 Premium grade drill pipe market, by region 2018 - 2030 (USD Million)
- Table 8 Global drill pipe demand by application, 2018 - 2030 (USD Million)
- Table 9 Drill pipe demand in onshore applications, 2018 - 2030 (USD Million)
- Table 10 Drill pipe demand in onshore applications, by region 2018 - 2030 (USD Million)
- Table 11 Drill pipe demand in offshore applications, by region 2018 - 2030 (USD Million)
- Table 12 North America drill pipe market, 2018 - 2030 (USD Million)
- Table 13 North America drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 14 North America drill pipe market, by application 2018 - 2030 (USD Million)
- Table 15 U.S drill pipe market, 2018 - 2030 (USD Million)
- Table 16 U.S drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 17 U.S drill pipe market, by application 2018 - 2030 (USD Million)
- Table 18 Canada drill pipe market, 2018 - 2030 (USD Million)
- Table 19 Canada drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 20 Canada drill pipe market, by application 2018 - 2030 (USD Million)
- Table 21 Mexico drill pipe market, 2018 - 2030 (USD Million)
- Table 22 Mexico drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 23 Mexico drill pipe market, by application 2018 - 2030 (USD Million)
- Table 24 Europe drill pipe market, 2018 - 2030 (USD Million)
- Table 25 Europe drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 26 Europe drill pipe market, by application 2018 - 2030 (USD Million)
- Table 27 UK drill pipe market, 2018 - 2030 (USD Million)
- Table 28 UK drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 29 UK drill pipe market, by application 2018 - 2030 (USD Million)
- Table 30 Russia drill pipe market, 2018 - 2030 (USD Million)
- Table 31 Russia drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 32 Russia drill pipe market, by application 2018 - 2030 (USD Million)
- Table 33 Norway drill pipe market, 2018 - 2030 (USD Million)
- Table 34 Norway drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 35 Norway drill pipe market, by application 2018 - 2030 (USD Million)
- Table 36 Asia Pacific drill pipe market, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 38 Asia Pacific drill pipe market, by application 2018 - 2030 (USD Million)
- Table 39 China drill pipe market, 2018 - 2030 (USD Million)
- Table 40 China drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 41 China drill pipe market, by application 2018 - 2030 (USD Million)
- Table 42 India drill pipe market, 2018 - 2030 (USD Million)
- Table 43 India drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 44 India drill pipe market, by application 2018 - 2030 (USD Million)
- Table 45 Indonesia drill pipe market, 2018 - 2030 (USD Million)
- Table 46 Indonesia drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 47 Indonesia drill pipe market, by application 2018 - 2030 (USD Million)
- Table 48 Central & South America drill pipe market, 2018 - 2030 (USD Million)
- Table 49 Central & South America drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 50 Central & South America drill pipe market, by application 2018 - 2030 (USD Million)
- Table 51 Brazil drill pipe market, 2018 - 2030 (USD Million)
- Table 52 Brazil drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 53 Brazil drill pipe market, by application 2018 - 2030 (USD Million)
- Table 54 Argentina drill pipe market, 2018 - 2030 (USD Million)
- Table 55 Argentina drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 56 Argentina drill pipe market, by application 2018 - 2030 (USD Million)
- Table 57 Venezuela drill pipe market, 2018 - 2030 (USD Million)
- Table 58 Venezuela drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 59 Venezuela drill pipe market, by application 2018 - 2030 (USD Million)
- Table 60 Middle East drill pipe market, 2018 - 2030 (USD Million)
- Table 61 Middle East drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 62 Middle East drill pipe market, by application 2018 - 2030 (USD Million)
- Table 63 Saudi Arabia drill pipe market, 2018 - 2030 (USD Million)
- Table 64 Saudi Arabia drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 65 Saudi Arabia drill pipe market, by application 2018 - 2030 (USD Million)
- Table 66 UAE drill pipe market, 2018 - 2030 (USD Million)
- Table 67 UAE drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 68 UAE drill pipe market, by application 2018 - 2030 (USD Million)
- Table 69 Qatar drill pipe market, 2018 - 2030 (USD Million)
- Table 70 Qatar drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 71 Qatar drill pipe market, by application 2018 - 2030 (USD Million)
- Table 72 Kuwait drill pipe market, 2018 - 2030 (USD Million)
- Table 73 Kuwait drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 74 Kuwait drill pipe market, by application 2018 - 2030 (USD Million)
- Table 75 Africa drill pipe market, 2018 - 2030 (USD Million)
- Table 76 Africa drill pipe market, by grade 2018 - 2030 (USD Million)
- Table 77 Africa drill pipe market, by application 2018 - 2030 (USD Million)z
List of Figures
- Fig. 1 Drill pipe market volume share, 2023 (USD Million)
- Fig. 2 Drill pipe market - Industry Snapshot
- Fig. 3 Drill pipe market segmentation
- Fig. 4 Global drill pipe market, 2018 - 2030 (USD Million)
- Fig. 5 Global drill pipe value chain analysis
- Fig. 6 Drill pipe market dynamics
- Fig. 7 Key opportunities prioritized
- Fig. 8 Drill pipe - Porter's analysis
- Fig. 9 Company Market Share,2023
- Fig. 10 Drill pipe PESTEL analysis
- Fig. 11 Drill pipe market share by grade, 2023 & 2030
- Fig. 12 Drill pipe market penetration and growth prospects by region
- Fig. 13 Drill pipe market share by region, 2023 & 2030
