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Report
Drill Collar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 141 Pages I IMARC Group
Market Overview:
The global drill collar market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Drill collars refer to thick-walled and heavy-duty industrial tubular components that are utilized with the drill string. They are a crucial part of the bottom hole assembly (BHA) used above the drill bit to put weight on it for drilling into the ground. They are manufactured from solid bars of modified alloy steel, non-magnetic nickel-copper alloy, or other premium alloys. The steel bars are drilled from end to end to provide a passage for drilling and completion fluids through the collars. In contrast to the drill pipe, the drill collar is heavier, thick-walled and works as a shock absorber to dampen the vibrations and impact forces caused by drilling.
With the expanding oil and gas exploration activities, there has been a rise in the number of new oil wells, which, in turn, is augmenting the demand for drill collars across the globe. Besides this, the increasing exploration of unconventional resources, like shale gas, along with investments in the onshore oil and gas industry, are also contributing to the market growth. Furthermore, extensive research and development (R&D) activities to improve the efficiency of drill collars have provided a positive impact on the industry. Moreover, with technological advancements, the leading players are manufacturing spiral drill collars, with grooves machined on the outside surface that prevent the drill string from getting stuck in the hole, while allowing drilling debris and lubricant to pass more freely around the collar.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global drill collar market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and design.
Breakup by Type:
Standard Steel Drill Collar
Non-magnetic Drill Collar
Breakup by Application:
Onshore
Offshore
Breakup by Design:
Spiral
Slick
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players American Oilfield Tools, Challenger International, Halliburton Hunting PLC, International Drilling Services Ltd (IDS), National Oilwell Varco (NOV), Schlumberger, Schoeller-Bleckmann, Vallourec, Weatherford International (Superior Energy Services) and Workstrings International.
Key Questions Answered in This Report:
How has the global drill collar market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global drill collar market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the design?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global drill collar market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Drill Collar Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Type
6.1Standard Steel Drill Collar
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Non-magnetic Drill Collar
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Design
8.1Spiral
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Slick
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1American Oilfield Tools
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2Challenger International
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3Halliburton Hunting PLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4International Drilling Services Ltd (IDS)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5National Oilwell Varco (NOV)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6Schlumberger
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7Schoeller-Bleckmann
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8Vallourec
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9Weatherford International (Superior Energy Services)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10Workstrings International
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
Figure 1: Global: Drill Collar Market: Major Drivers and Challenges
Figure 2: Global: Drill Collar Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Drill Collar Market: Breakup by Type (in %), 2022
Figure 4: Global: Drill Collar Market: Breakup by Application (in %), 2022
Figure 5: Global: Drill Collar Market: Breakup by Design (in %), 2022
Figure 6: Global: Drill Collar Market: Breakup by Region (in %), 2022
Figure 7: Global: Drill Collar Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Drill Collar (Standard Steel Drill Collar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Drill Collar (Standard Steel Drill Collar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Drill Collar (Non-magnetic Drill Collar) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Drill Collar (Non-magnetic Drill Collar) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Drill Collar (Onshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Drill Collar (Onshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Drill Collar (Offshore Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Drill Collar (Offshore Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Drill Collar (Spiral) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Drill Collar (Spiral) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Drill Collar (Slick) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Drill Collar (Slick) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Drill Collar (Other Designs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Drill Collar (Other Designs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: United States: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: United States: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Canada: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Asia Pacific: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Asia Pacific: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: China: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: China: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Japan: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Japan: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: India: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: India: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: South Korea: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: South Korea: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Australia: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Australia: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Indonesia: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Indonesia: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Others: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Others: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Germany: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Germany: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: France: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: France: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United Kingdom: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United Kingdom: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Italy: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Italy: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Spain: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Spain: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Russia: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Russia: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Latin America: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Latin America: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Brazil: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Brazil: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Mexico: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Mexico: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Middle East and Africa: Drill Collar Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Middle East and Africa: Drill Collar Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Drill Collar Industry: SWOT Analysis
Figure 71: Global: Drill Collar Industry: Value Chain Analysis
Figure 72: Global: Drill Collar Industry: Porter's Five Forces Analysis
Table 1: Global: Drill Collar Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Drill Collar Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Drill Collar Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Drill Collar Market Forecast: Breakup by Design (in Million US$), 2023-2028
Table 5: Global: Drill Collar Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Drill Collar Market Structure
Table 7: Global: Drill Collar Market: Key Players
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