Press release
Drill Pipe Market 2018-2023 Prominent Players – DP Master Manufacturing Pvt Ltd., Drill Pipe International Llc., Hilong Group., Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd., National Oilwell Varco., Oil Country Tubular Limited., RK Pipe LLC., Su
Drill Pipe is a thin-walled, hollow, aluminum or steel alloy piping, which is primarily used in drilling rigs. They have mainly two applications, which are onshore and offshore. The exploration and production (E&P) of crude oil take place onshore rather than offshore but recent trends suggest offshore explorations have gradually increased in Middle East and Africa region.
The latest advancements in the drilling technology, pad drilling and horizontal drilling techniques have increased drilling efficiency, thus lowering drilling rig downtime, which results in optimum drilling operations. More advancement has been observed in drill bit technology, artificial lift, directional drilling and well completion will certainly boost the drill pipe market. Factors such as continuous growth in demand of oil & gas supply for various industrial, transportation and domestic use are the major growth drivers of drill pipe market in upcoming decade.
The global drill pipe market is expected to grow at a CAGR of 3.47% during the forecast period.
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Study Objectives of Drill Pipe Market:
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global drill pipe market.
• To provide insights about factors affecting the market growth
• To analyze the global drill pipe market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Drill Pipe Market.
Global Analysis:
The global drill pipe market is currently facing downfall due to low crude oil prices, which has generated demand for optimizing rigging process from existing oil fields and for operating them at effectively and cost efficiently. As a result, less E&P activities are resulting in reduced oil & gas supply compared to oil & gas demand. Hence, increase in oil prices could be observed in coming few years.
The global drill pipe market was led by North America, with a 39.1% share, followed by Europe and Asia-Pacific with shares of 20.2% and 13.5%, respectively. The global drill pipe market has been segmented based grade, application and by region. On the basis of application, onshore accounted for the largest market share of 56% in 2016, with a market value of USD 564.7 million and is projected to grow at a CAGR of 2.12% during the forecast period. Based on grade, API grade accounted for the largest market share of 75.4 % in 2016, with a market value of USD 725.6 million and is projected to grow at a CAGR of 3.15% during the forecast period.
Key Players:
The key players of global drill pipe market are DP Master Manufacturing Pvt Ltd. (China), Drill Pipe International Llc. (USA), Hilong Group. (China), Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd. (China), National Oilwell Varco. (USA), Oil Country Tubular Limited. (India), RK Pipe LLC. (USA), Superior Drill Pipe Manufacturing, Inc. (USA), Tejas Tubular Products Inc.(USA), Tenaris S.A.(Luxembourg), Texas Steel Conversion Inc.(USA), TMK Group. (Russia), TPS-Technitube Röhrenwerke (Germany) and Vallourec S.A. (France).
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Intended Audience:
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities.
Product Analysis:
• Product matrix which gives a detailed comparison of the market for different recycled product types.
Additional Information:
• Regulatory Landscape.
• Pricing Analysis.
• Macroeconomic Indicators.
Geographic Analysis:
• Geographical analysis across 15 countries.
Company Information:
• Profiling of 14 key market players.
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
The report for Drill Pipe Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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