U.S. Drill Pipe Market Size & Outlook, 2022-2030

The drill pipe market in the United States is expected to reach a projected revenue of US$ 541.7 million by 2030. A compound annual growth rate of 2.2% is expected of the United States drill pipe market from 2023 to 2030.
Revenue, 2022 (US$M)
$454.8
Forecast, 2030 (US$M)
$541.7
CAGR, 2023 - 2030
2.2%
Report Coverage
U.S.

U.S. drill pipe market highlights

  • The U.S. drill pipe market generated a revenue of USD 454.8 million in 2022 and is expected to reach USD 541.7 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 2.2% 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.


Drill pipe market data book summary

Market revenue in 2022USD 454.8 million
Market revenue in 2030USD 541.7 million
Growth rate2.2% (CAGR from 2022 to 2030)
Largest segmentApi grade
Fastest growing segmentPremium Grade
Historical data2018 - 2021
Base year2022
Forecast period2023 - 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, U.S. accounted for 18.9% of the global drill pipe market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. drill pipe market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in North America and is projected to reach USD 95.6 million by 2030.

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Drill Pipe Market Companies

Name Profile # Employees HQ Website

U.S. 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 63.19% in 2022. Horizon Databook has segmented the U.S. drill pipe market based on api grade, premium grade covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of U.S. 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 country-level data and insights on the U.S. drill pipe market , including forecasts for subscribers. This country databook contains high-level insights into U.S. drill pipe market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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U.S. drill pipe market size, by grade, 2018-2030 (US$M)

U.S. Drill Pipe Market Outlook Share, 2022 & 2030 (US$M)

U.S. drill pipe market size, by grade, 2018-2030 (US$M)

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