Exclusive Report on Global Drill Pipe Industry: Growth Opportunity | National Oilwell Varco, Inter Drill Asia Ltd, and Superior Drill Pipe Manufacturing Inc.

The global Drill Pipe market size is expected to reach $1.06 Billion by 2028 growing at the CAGR of 3.88% from 2021 to 2028.

The increasing automation and investments in rapidly growing oil and gas industries are projected to play a causal role in the development of the drill pine market. Besides, increasing integrations of innovative technologies such as robotics in offshore and onshore drilling activities drive the growth of the market. Moreover, advances in drilling technologies such as horizontal drilling and hydraulic fracturing escalate market growth.

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Key Players

Some of the major Drill Pipe players holding high market share include National Oilwell Varco, Inter Drill Asia Ltd, and Superior Drill Pipe Manufacturing Inc. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● National Oilwell Varco
● Inter Drill Asia Ltd
● Superior Drill Pipe Manufacturing Inc
● DP Master Manufacturing Pte Ltd
● Shanghai Hilong Drill Pipe Co. Ltd
● TPS TECHNITUBE RÖHRENWERKE GmbH
● Tenaris Company
● Drill Pipe International LLC
● Vallourec
● RK Pipe LLC

The recently published research report on Global Drill Pipe Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Drill Pipe market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Drill Pipe market report also includes the following data points:
● COVID19 Impact on Drill Pipe market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Drill Pipe market

Segmental Analysis

Market Segment By Basis of Grade with focus on market share, consumption trend, and growth rate of Drill Pipe Market:
o API grade
o Premium grade

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Drill Pipe Market:
o Onshore
o Offshore

For more information: https://evolvebi.com/product/drill-pipe-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America is the leader in global drilling technologies with improved horizontal drilling and hydraulic fracturing. This region's growth is driven by rare earth exploration sites where high-grade finds have resulted in more new hydrocarbon reserves while increasing demand for oil and gas drilling projects.

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This release was published on openPR.