Europe Drill Pipe Market Size & Outlook, 2022-2030

The drill pipe market in Europe is expected to reach a projected revenue of US$ 509.6 million by 2030. A compound annual growth rate of 1.5% is expected of Europe drill pipe market from 2023 to 2030.
Revenue, 2022 (US$M)
$452.4
Forecast, 2030 (US$M)
$509.6
CAGR, 2023 - 2030
1.5%
Report Coverage
Europe

Europe drill pipe market highlights

  • The Europe drill pipe market generated a revenue of USD 452.4 million in 2022.
  • The market is expected to grow at a CAGR of 1.5% from 2023 to 2030.
  • In terms of segment, api grade was the largest revenue generating grade in 2022.
  • Premium Grade is the most lucrative grade segment registering the fastest growth during the forecast period.
  • Country-wise, Norway is expected to register the highest CAGR from 2023 to 2030.


Europe data book summary

Market revenue in 2022USD 452.4 million
Market revenue in 2030USD 509.6 million
Growth rate1.5% (CAGR from 2022 to 2030)
Largest segmentApi grade
Fastest growing segmentPremium Grade
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAPI Grade, Premium Grade
Key market players worldwideHilong Holding Ltd, NOV Inc, Tenaris SA, Vallourec SA, TMK Energy Ltd, Superior Drilling Products Inc


Other key industry trends

  • In terms of revenue, Europe region accounted for 18.8% of the global drill pipe market in 2022.
  • Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 512.5 million by 2030.

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Drill Pipe Market Companies

Name Profile # Employees HQ Website

Europe drill pipe market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drill pipe market will help companies and investors design strategic landscapes.


Api grade was the largest segment with a revenue share of 62.25% in 2022. Horizon Databook has segmented the Europe drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.


On account of the significant demand for OCTG products in Russia, the market is anticipated to boost the overall drill pipe market in Europe. Europe has the largest shale reserves in Bulgaria, and the rising rate of the region’s drilling activity coupled with higher growth in oil production has contributed to increasing drill pipe import movement.

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Target buyers of Europe drill pipe market databook

  • Our clientele includes a mix of drill pipe market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe drill pipe market , including forecasts for subscribers. This continent databook contains high-level insights into Europe drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe drill pipe market size, by country, 2018-2030 (US$M)

Europe Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)

Europe drill pipe market size, by country, 2018-2030 (US$M)

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