North America Drill Pipe Market Size & Outlook, 2022-2030
North America drill pipe market, 2018-2030 (US$M)
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North America drill pipe market highlights
- The North America drill pipe market generated a revenue of USD 628.1 million in 2022.
- The market is expected to grow at a CAGR of 2.1% 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, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 628.1 million |
| Market revenue in 2030 | USD 744.1 million |
| Growth rate | 2.1% (CAGR from 2022 to 2030) |
| Largest segment | Api grade |
| Fastest growing segment | Premium Grade |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | API Grade, Premium Grade |
| Key market players worldwide | Hilong Holding Ltd, NOV Inc, Tenaris SA, Vallourec SA, TMK Energy Ltd, Superior Drilling Products Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 26.1% 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 Scope
Drill Pipe Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 63.6% in 2022. Horizon Databook has segmented the North America drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.
North America is a leading oil and gas market in the world with about 2/3 of all machineries in operation. Production takes place onshore majorly in shale hydrocarbon operations and offshore in the Gulf of Mexico. Owing to this demand for drill pipe in North America is expected to grow over the next few years.
The U.S. is the largest consumers of seamless oil country tubular goods products in North America. The growth of offshore drilling industry and ability to drill in increasing water depths has led to boost the drill pipe demand.
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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 North America drill pipe market , including forecasts for subscribers. This continent databook contains high-level insights into North America drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America drill pipe market size, by country, 2018-2030 (US$M)
North America Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)
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