Summary

The Global Drill Pipe Market is valued at approximately USD 2.3 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 3.90% over the forecast period from 2025 to 2035. As the global energy landscape evolves amidst shifting geopolitical dynamics, rising energy consumption, and increasingly complex oilfield operations, drill pipes—integral components of drilling systems—are gaining renewed strategic relevance. These heavy-duty, thick-walled tubular structures are instrumental in transmitting drilling fluid and torque to the drill bit during exploration and production activities, thus ensuring structural integrity and operational efficiency under high-pressure conditions.
Surging demand for fossil fuels, coupled with aggressive upstream investments by national and private oil companies, has significantly accelerated drilling activities, both onshore and offshore. Technological advancements in horizontal and deepwater drilling have fueled the demand for high-grade drill pipes that can withstand extreme subsurface environments. Furthermore, growing exploration in unconventional reserves like shale formations and oil sands has necessitated the use of premium-grade pipes with enhanced fatigue resistance and corrosion tolerance. The increasing shift toward automation and real-time monitoring systems has further boosted the adoption of drill pipe technologies capable of integration into intelligent drilling systems.
Regionally, North America remains at the forefront of the global drill pipe market, driven by robust shale gas extraction across the United States and Canada. The Permian Basin, in particular, continues to dominate drilling activity due to its vast reserves and cost-efficient output. Europe follows closely, propelled by the North Sea’s ongoing offshore drilling resurgence and stringent quality standards necessitating high-performance drilling equipment. Meanwhile, Asia Pacific is emerging as a hotspot, underpinned by energy-hungry economies like China and India that are pushing for upstream independence through exploration of domestic reserves. Additionally, rapid offshore developments in Southeast Asia and Australia are contributing to the region’s rising demand for durable, high-spec drill pipes.
Major market players included in this report are:
• Schlumberger Limited
• Halliburton Company
• Baker Hughes Company
• National Oilwell Varco
• Vallourec S.A.
• TMK Group
• Tenaris S.A.
• Drill Pipe International LLC
• Oil States Industries Inc.
• NOV Grant Prideco
• DP-Master Manufacturing Co. Ltd.
• Tejas Tubular Products Inc.
• Hunting PLC
• Superior Drillpipe Manufacturing Inc.
• Jiangyin Long-Bright Drill Pipe Manufacture Co., Ltd.
Global Drill Pipe Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope – Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Grade:
• API Grade
• Premium Grade
By Application:
• Onshore
• Offshore
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Table of Contents
Chapter 1. Global Drill Pipe Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
 1.2.1. Forecast Model
 1.2.2. Desk Research
 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
 1.4.1. Market Definition
 1.4.2. Market Segmentation
1.5. Research Assumption
 1.5.1. Inclusion & Exclusion
 1.5.2. Limitations
 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings
Chapter 3. Global Drill Pipe Market Forces Analysis
3.1. Market Forces Shaping the Global Drill Pipe Market (2024–2035)
3.2. Drivers
 3.2.1. Rising demand for fossil fuels and growing upstream oilfield development
 3.2.2. Technological innovations in horizontal and deepwater drilling
3.3. Restraints
 3.3.1. Volatility in crude oil prices affecting drilling budgets
 3.3.2. Environmental concerns and growing shift towards renewables
3.4. Opportunities
 3.4.1. Increased exploration of unconventional oil & gas reserves
 3.4.2. Adoption of smart drilling technologies and automation
Chapter 4. Global Drill Pipe Industry Analysis
4.1. Porter’s 5 Forces Model
 4.1.1. Bargaining Power of Buyer
 4.1.2. Bargaining Power of Supplier
 4.1.3. Threat of New Entrants
 4.1.4. Threat of Substitutes
 4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2024–2035)
4.3. PESTEL Analysis
 4.3.1. Political
 4.3.2. Economical
 4.3.3. Social
 4.3.4. Technological
 4.3.5. Environmental
 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024–2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Drill Pipe Market Size & Forecasts by Grade 2025–2035
5.1. Market Overview
5.2. Global Drill Pipe Market Performance – Potential Analysis (2025)
5.3. API Grade
 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 5.3.2. Market Size Analysis, by Region, 2025–2035
5.4. Premium Grade
 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 5.4.2. Market Size Analysis, by Region, 2025–2035
Chapter 6. Global Drill Pipe Market Size & Forecasts by Application 2025–2035
6.1. Market Overview
6.2. Global Drill Pipe Market Performance – Potential Analysis (2025)
6.3. Onshore
 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 6.3.2. Market Size Analysis, by Region, 2025–2035
6.4. Offshore
 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
 6.4.2. Market Size Analysis, by Region, 2025–2035
Chapter 7. Global Drill Pipe Market Size & Forecasts by Region 2025–2035
7.1. Drill Pipe Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Drill Pipe Market
 7.3.1. U.S. Drill Pipe Market
  7.3.1.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.3.1.2. Application Breakdown Size & Forecasts, 2025–2035
 7.3.2. Canada Drill Pipe Market
  7.3.2.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.3.2.2. Application Breakdown Size & Forecasts, 2025–2035
7.4. Europe Drill Pipe Market
 7.4.1. UK Drill Pipe Market
  7.4.1.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.1.2. Application Breakdown Size & Forecasts, 2025–2035
 7.4.2. Germany Drill Pipe Market
  7.4.2.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.2.2. Application Breakdown Size & Forecasts, 2025–2035
 7.4.3. France Drill Pipe Market
  7.4.3.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.3.2. Application Breakdown Size & Forecasts, 2025–2035
 7.4.4. Spain Drill Pipe Market
  7.4.4.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.4.2. Application Breakdown Size & Forecasts, 2025–2035
 7.4.5. Italy Drill Pipe Market
  7.4.5.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.5.2. Application Breakdown Size & Forecasts, 2025–2035
 7.4.6. Rest of Europe Drill Pipe Market
  7.4.6.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.4.6.2. Application Breakdown Size & Forecasts, 2025–2035
7.5. Asia Pacific Drill Pipe Market
 7.5.1. China Drill Pipe Market
  7.5.1.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.1.2. Application Breakdown Size & Forecasts, 2025–2035
 7.5.2. India Drill Pipe Market
  7.5.2.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.2.2. Application Breakdown Size & Forecasts, 2025–2035
 7.5.3. Japan Drill Pipe Market
  7.5.3.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.3.2. Application Breakdown Size & Forecasts, 2025–2035
 7.5.4. Australia Drill Pipe Market
  7.5.4.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.4.2. Application Breakdown Size & Forecasts, 2025–2035
 7.5.5. South Korea Drill Pipe Market
  7.5.5.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.5.2. Application Breakdown Size & Forecasts, 2025–2035
 7.5.6. Rest of Asia Pacific Drill Pipe Market
  7.5.6.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.5.6.2. Application Breakdown Size & Forecasts, 2025–2035
7.6. Latin America Drill Pipe Market
 7.6.1. Brazil Drill Pipe Market
  7.6.1.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.6.1.2. Application Breakdown Size & Forecasts, 2025–2035
 7.6.2. Mexico Drill Pipe Market
  7.6.2.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.6.2.2. Application Breakdown Size & Forecasts, 2025–2035
7.7. Middle East and Africa Drill Pipe Market
 7.7.1. UAE Drill Pipe Market
  7.7.1.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.7.1.2. Application Breakdown Size & Forecasts, 2025–2035
 7.7.2. Saudi Arabia (KSA) Drill Pipe Market
  7.7.2.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.7.2.2. Application Breakdown Size & Forecasts, 2025–2035
 7.7.3. South Africa Drill Pipe Market
  7.7.3.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.7.3.2. Application Breakdown Size & Forecasts, 2025–2035
 7.7.4. Rest of Middle East and Africa Drill Pipe Market
  7.7.4.1. Grade Breakdown Size & Forecasts, 2025–2035
  7.7.4.2. Application Breakdown Size & Forecasts, 2025–2035
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Schlumberger Limited
 8.2.1. Company Overview
 8.2.2. Key Executives
 8.2.3. Company Snapshot
 8.2.4. Financial Performance (Subject to Data Availability)
 8.2.5. Product/Services Port
 8.2.6. Recent Development
 8.2.7. Market Strategies
 8.2.8. SWOT Analysis
8.3. Halliburton Company
8.4. Baker Hughes Company
8.5. National Oilwell Varco
8.6. Vallourec S.A.
8.7. TMK Group
8.8. Tenaris S.A.
8.9. Drill Pipe International LLC
8.10. Oil States Industries Inc.
8.11. NOV Grant Prideco
8.12. DP-Master Manufacturing Co. Ltd.
8.13. Tejas Tubular Products Inc.
8.14. Hunting PLC
8.15. Superior Drillpipe Manufacturing Inc.
8.16. Jiangyin Long-Bright Drill Pipe Manufacture Co., Ltd.