Press release
2025 Drill Pipe Market Outlook: Key Indicators Shaping Growth Through 2034
Drill Pipe Market
What Will the Drill Pipe Industry Market Size Be by 2025?
The size of the drill pipe market has experienced robust growth over the past few years. The market, which is expected to escalate from $1.5 billion in 2024 to $1.58 billion in 2025, will view a compound annual growth rate (CAGR) of 5.4%. The historic expansion of the market can be traced back to the surge in oil and gas explorations, capital infusions into offshore explorations, the implementation of environmental and safety protocols, infrastructure growth, and worldwide economic trends.
What's the Long-Term Growth Forecast for the Drill Pipe Market Size Through 2029?
In the coming years, the drill pipe market is forecasted to experience robust growth, swelling to a size of "$2.01 billion by 2029 with a compound annual growth rate (CAGR) of 6.2%. This surge in growth during the forecast period can be traced back to the transition to renewable energy, the appearance of new market opportunities, material innovations, energy transition strategies, and geopolitical influences. Some trending factors during this forecast period are a rising demand in the oil and gas exploration sector, technological progress, the effect of environmental regulations, market consolidation and rivalry, and issues in the supply chain.
View the full report here:
https://www.thebusinessresearchcompany.com/report/drill-pipe-global-market-report
What Are the Key Growth Drivers Fueling the Drill Pipe Market Expansion?
The escalating operations of rig drilling are projected to stimulate the advancement of the drill pipe market in the future. Drill rigs are integrative systems that bore into the underground layers of the earth to establish wells, such as those for water or oil, or drill holes for pillars and other construction requirements. A drill pipe serves as a particular kind of pipeline employed on drill rigs, typically constructed out of steel or an aluminum alloy, featuring a hollow, thin-wall design. For example, in February 2023, Baker Hughes Company, a US-based oil field services firm, reported that the count of operating drilling rigs in the US had increased by 2 units to 761 rigs in the week leading up to February 10, indicating an increase of 126 units from the 635 rigs operational during the equivalent period in the previous year. Consequently, the expansion in rig drilling operations is facilitating the progression of the drill pipe market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10192&type=smp
What Are the Key Trends Driving Drill Pipe Market Growth?
The drill pipe market is significantly impacted by recent advances in technology, a trend that is becoming increasingly notable. Key businesses in the market are embracing these emerging technologies in order to enhance their market status. For instance, Vermeer Corporation, a US-based company specializing in industrial and agricultural machinery, unveiled its latest-generation maxi rig drills, the 550,000-pound (249,475.8-kg) D550 HDD (Horizontal directional drilling) in April 2022, equipped with the enhanced HDD technology. HDD is an advanced drilling methodology that involves the creation of a tunnel under a specific area like a canal, followed by the insertion of a pipeline or other utility through it. This innovative process necessitates meticulous drilling along a predetermined bore path, before installing the requisite pipe using a directional drilling machine and related apparatus. Moreover, HDD drilling methodology ensures soil displacement without affecting the surface area, thus averting soil contamination above ground. An additional benefit of this procedure is the longevity and sturdiness of pipe connections, preventing polluted soil from entering the system.
How Is the Drill Pipe Market Segmented?
The drill pipe market covered in this report is segmented -
1) By Type: Standard Drill Pipes, Heavy Weight Drill Pipes, Drill Collars
2) By Material: Alloys, Composites, Other Materials
3) By Application: Offshore, Onshore
4) By Industry: Oil And Gas Industry, Mining Industry, Agriculture Industry, Other Industries
Subsegments:
1) By Standard Drill Pipes: API Standard Drill Pipes, Premium Drill Pipes
2) By Heavy Weight Drill Pipes: Conventional Heavy Weight Drill Pipes, Enhanced Heavy Weight Drill Pipes
3) By Drill Collars: Steel Drill Collars, Non-Magnetic Drill Collars, Composite Drill Collars
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10192&type=smp
Which Companies Are Leading the Charge in Drill Pipe Market Innovation?
Major companies operating in the drill pipe market include Hilong Group of Companies Ltd., Oil Country Tubular Ltd., Texas Steel Conversion Inc., Drill Pipe International LLC, National Oilwell Varco Inc., PetroMaterials Corporation, Tejas Tubular Products Inc., Tenaris S.A, TMK Steel Limited, DP-Master Manufacturing Ltd, RK Pipe & Supply LLC, Jindal Saw Ltd., International Drilling Services Ltd, Hunting PLC, Challenger International Inc, Premier Drill Products LLC, Vallourec SA, Jiangyin Long Bright Drill Pipe Manufacture Co. Ltd., TPCO Enterprise Inc., Superior Drillpipe Manufacturing Inc., TenarisHydril, ERUI International Electronic Commerce Co. Ltd., ILJIN Steel Corporation, EVRAZ North America, TPS Technitube Röhrenwerk GmbH, JFE Steel Corporation, Tenergy Equipment & Service Limited, Hubei Petrokh Machine Manufacturing Limited Company, Shandong Molong Petroleum Machinery Co. Ltd., Wuxi Eastsun Bright Steel Tube Co. Ltd., Kelly Pipe Co. LLC, St. Louis Pipe & Supply, Shanxi Fenglei Drilling Tools Co. Ltd., Deep Drill Supply Group, Zhejiang Shihao Industry & Trade Co. Ltd., Zekelman Industries Inc.
Which Regions Are Leading the Global Drill Pipe Market in Revenue?
North America was the largest region in the drill pipe market in 2024.Middle-East and Africa are expected to be the fastest-growing region in the global drill pipe market report during the forecast period. The regions covered in the drill pipe market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10192
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 2025 Drill Pipe Market Outlook: Key Indicators Shaping Growth Through 2034 here
News-ID: 4095413 • Views: …
More Releases from The Business Research Company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for Drill
What Is Difference Between HSS Twist Drill Bits And Cobalt Drill Bits?
Welcome to our product introduction on twist drill bits and cobalt drill bits. In the world of drilling tools, these two types of drill bits have become quite popular among professionals and DIY enthusiasts alike. They are known for their durability, versatility, and efficiency when it comes to drilling through various materials, including metal, wood, and plastic.
The purpose of this introduction is to explain the key differences between twist drill…
Construction Industry Core Drill Market, By Type (Wet Drill Bits and Dry Drill B …
With thorough company profiles, recent developments, and other information, the Construction Industry Core Drill Market Report provides an in-depth analysis of major trends, motivating reasons, obstacles, segmentation, regulatory policies, and important players. The Construction Industry Core Drill Market Report offers a thorough synopsis of the product portfolio, including product development, planning, and positioning of products with emerging technologies, impending opportunities, and problems. The market's views and viewpoints assess the potential…
Drill Collars in Oilfield Market: Players Tapping Emerging Markets | Drill Pipe …
Market Description -
Los Angeles, (United States) - The information made available in the Drill Collars in Oilfield report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Boring Tools Market Report 2018: Segmentation by Type (Drill Bits, Drilling Tubu …
Global Boring Tools market research report provides company profile for NACHI-FUJIKOSHI, OSG, Sandvik, BIG KAISER, Kennametal and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the basis…
Drill Pipe Market Countering growth 2025 | Tenaris S. A, Drill Pipe Internationa …
Global Drill Pipe Market: Snapshot
Drill pipes are hollow pipes, usually made of aluminum alloys or steel and are a core component in the drilling process. The hollow drill pipes enable for the transfer of drilling fluids downwards towards the drill point or back upwards through the annulus. Although a standard length for drill pipes is up to 32 feet, there are longer pipes that could stretch till 45 feet and…
Drill Bits Market Research Report- Forecast to 2027 | Global Drill Bits Industry
Global Drill Bits Market Information Report by Type (rolling cutter and fixed cutter bits), by End Market (land and offshore.) and by Region - Forecast to 2027
Increasing demand for energy has been a major factor in the significant growth of the drill bits market In recent times. Furthermore the recent expansion and exploratory activities undertaken across the globe are expecte4d to positively influence the Drill Bits market.
Get a sample copy…
