Global Drill Pipe Market Size Study & Forecast, by Grade (API Grade, Premium Grade) and Application (Onshore, Offshore), and Regional Forecasts 2025–2035

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

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.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more