North America and South America Drill Pipe Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (API Grade and Premium Grade) and Application (Onshore and Offshore)
The North America and South & Central America drill pipe market is expected to grow from US$ 554.75 million in 2021 to US$ 737.4 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
The rising adoption of innovative technologies such as robotics in offshore and onshore drilling activities is driving the market. Moreover, advancements in automation drilling technologies are increasing the efficiency of exploration and production activities at oil rigs and subsequently bolstering the demand for drill pipes. Robotic drilling machines automate the repetitive and risky tasks of connecting drill pipes as they are shoved through miles of ocean water and oil-bearing rocks. This automation improves the work efficiency and reduces downtime and operating cost for the drilling companies along with improved safety for workers at oil rigs. For instance, in June 2019, BP Alaska implemented drilling automation technology at its Parker Drilling’s Arctic Alaska Drilling Unit (AADU), Rig 272. The drilling automation system provided the company with an improved drilling-speed-focused automation business model of the downturn. BP Alaska saved approximately 4 min per intermediate hole-section connection and 2 min per production hole-section connection. In addition, automated robotic machines application includes remotely operated aerial drones, automated underwater vehicles, and robotic drills at oil rig sites. Thus, the adoption of drilling automation technology among oil & gas exploring companies will increase their operational efficiency and is also expected to help them work on multiple oil rig projects. This factor will fuel the demand for drill pipes as the number of projects is increasing in North and South and Central America.
Impact of COVID-19 Pandemic on Drill Pipe Market
The COVID-19 pandemic continues to negatively influence the overall oil & gas industry owing to considerable disruption in the industry supply chain activities, coupled with several countries sealing their international trade in the wake of the pandemic. The pandemic has had implications on offshore drilling activities too, as oil prices and demand for oil and gas have declined due to a nearly global shutdown. Consequently, the discontinuation of oil and gas production activities has disrupted the demand for all the related products and services.
Several countries experienced a significant negative impact in their demand for oil and gas due to COVID-19. Hence, the drill pipe market witnessed a substantial decline in demand during the early months of 2020. However, the demand resumed upon the continuation of economic activities. Thus, the global market is gradually recovering its demand for oil and gas. Subsequently, the demand for drill pipes is also gradually increasing, and the market is bouncing back.
Lucrative Regions for Drill Pipe Market Get more information on this report : 
Market Insight – Rising Trend of Horizontal Directional Drilling (HDD)
The rising trend of horizontal directional drilling (HDD) using drill pipes has reduced the downtime of drilling rigs, which, in turn, is expected to propel the drill pipe market growth. HDD has gained traction during the last few years owing to its versatility in the drilling of small-sized rigs for oil and gas, utilities, pipe installation, and others. HDD is one of the most specialized methods for installing underground conduits with minimal damages to the surrounding ecosystem. Besides, the fact that HDD techniques ensure more precision over vertical maneuvering methods is also poised to stimulate the growth of the market during the forecast period. Further, HDD techniques require fewer boreholes to be drilled. In other words, HDD machines can install multiple pipes through a single surface location, which means the surface area of land to be drilled is reduced. Thus, HDD is a flexible, cost-effective, and environmentally friendly alternative to traditional drilling methods, and now, it is trending among oil & gas exploration and production companies to use HDD for drilling oil wells and rigs.
Product Segment Insights
In terms of type, the drill pipe market is bifurcated into API grade and premium grade. API grade drill pipes are new pipes that are unused, thus relatively it is more reliable in terms of strength and durability. The premium class drill pipes in API grade are the used ones that meet the industry norms of the remaining wall shall not be less than 80% of compare to the new and unsued drill pipe. In general, drill pipes are tube-shaped conduits made of alloy or composite materials that are fitted with specially made threaded ends known as tool joints. Drill pipes are hollow thick-walled pipes. The basic purpose of a drill pipe is to provide a connection between the surface equipment for drilling purposes.
Drill Pipe Market, by Product – 2020 and 2028 Get more information on this report : 
Application Segment Insights
Based on application, the drill pipe market is further segmented into onshore and offshore. The onshore segment comprises activities of drilling deep under the surface of the earth. The offshore segment includes drilling activities underneath the seabed. The increasing exploration & productin (E&P) activities, specifically in the US, Mexico, and Brazil, are among the factors driving the market growth.
Strategic Insights
The players operating in the drill pipe market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In March 2021, TMK signed an agreement with the largest oil and gas company in Uzbekistan—JSC Uzbekneftegaz. Through this agreement, both companies intend to work jointly on oil and gas exploration projects in the Republic of Uzbekistan.
- In December 2020, NOV, Inc., launched H2Shield, a new drill pipe for deep wells in sour environments.
Drill Pipe Market – by Product
- API Grade
- Premium Grade
Drill Pipe Market – by Application
- Onshore
- Offshore
- North America
- US
- Canada
- Mexico
- South & Central America
- Brazil
- Argentina
- Rest of SCAM
Drill Pipe Market – Companies Profiles
- TMK
- National Oilwell Varco, Inc.
- DP-Master Manufacturing (S) Pte Ltd.
- Drill Pipe International, LLC
- Premier Drill Products, LLC
- Shanghai Hilong Drill Pipe Co., Ltd.
- Tejas Tubular Products, Inc
- Texas Steel Conversion, Inc
- Hunting PLC
- Universal HDD Company
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Drill Pipe Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 SCAM
4.1 Ecosystem Analysis
4.2 Expert Opinions
5. Drill pipe Market – Key Market Dynamics
5.1 market drivers
5.1.1 Increasing Integrations of Innovative Technologies
5.1.2 Rising Automotive Sector to Increase Consumption of Oil and Gas
5.2 Market Restraints
5.2.1 Political Instability in Developing Regions
5.2.2 Inflation in Raw Material Prices
5.3 market opportunities
5.3.1 Rising Exploration & Production Activity
5.4 Future trends
5.4.1 Rising Trend of Horizontal Directional Drilling (HDD)
5.5 Impact Analysis of Drivers And Restraints
6. Drill Pipe – North America & SAM Market Analysis
6.1 North America & SAM Drill Pipe Market Overview
6.2 North America & SAM Drill pipe Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. North America & SAM Drill pipe Market – By Type
7.1 Overview
7.2 API grade
7.2.1 North America & SAM API grade Market Revenue and Forecasts to 2028 (US$ Million)
7.3 Premium grade
7.3.1 North America & SAM Premium Grade Market Revenue and Forecasts to 2028 (US$ Million)
8. North America & SAM Drill Pipe Market – By Application
8.1 Overview
8.2 Onshore
8.2.1 North America & SAM Onshore Market Revenue and Forecasts to 2028 (US$ Million)
8.3 Offshore
8.3.1 North America & SAM Offshore Market Revenue and Forecasts to 2028 (US$ Million)
9. Drill pipe Market – Geographic Analysis
9.1 Overview
9.2 North America: Drill Pipe Market
9.2.1 North America: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.2.2 North America: Drill Pipe Market, by Product
9.2.3 North America: Drill Pipe Market, by Application
9.2.4 North America: Drill Pipe Market, by Key Country
9.2.4.1 US: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Drill Pipe Market, by Product
9.2.4.1.2 US: Drill Pipe Market, by Application
9.2.4.2 Canada: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Drill Pipe Market, by Product
9.2.4.2.2 Canada: Drill Pipe Market, by Application
9.2.4.3 Mexico: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Drill Pipe Market, by Product
9.2.4.3.2 Mexico: Drill Pipe Market, by Application
9.3 SAM: Drill Pipe Market
9.3.1 SAM: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.3.2 SAM: Drill Pipe Market, by Product
9.3.3 SAM: Drill Pipe Market, by Application
9.3.4 SAM: Drill Pipe Market, by Key Country
9.3.4.1 Brazil: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.3.4.1.1 Brazil: Drill Pipe Market, by Product
9.3.4.1.2 Brazil: Drill Pipe Market, by Application
9.3.4.2 Argentina: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.3.4.2.1 Argentina: Drill Pipe Market, by Product
9.3.4.2.2 Argentina: Drill Pipe Market, by Application
9.3.4.3 Rest of SAM: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
9.3.4.3.1 Rest of SAM: Drill Pipe Market, by Product
9.3.4.3.2 Rest of SAM: Drill Pipe Market, by Application
10. Drill pipe Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 TMK
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 National Oilwell Varco, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DP-Master Manufacturing (S) Pte Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Drill Pipe International, LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Premier Drill Products, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Shanghai Hilong Drill Pipe Co., Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Tejas Tubular Products, Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Texas Steel Conversion, Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Hunting PLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Universal HDD Company
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America & SAM Drill pipe Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Drill Pipe Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Drill Pipe Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Drill Pipe Market, by Country –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 11. SAM: Drill Pipe Market, by Product – Revenue and Forecast to 2028 (US$ Million)
Table 12. SAM: Drill Pipe Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 13. SCAM: Drill Pipe Market, by Country –Revenue and Forecast to 2028 (US$ Million)
Table 14. Brazil: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 15. Brazil: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 16. Argentina: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 17. Argentina: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of SAM: Drill Pipe Market, by Product –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of SAM: Drill Pipe Market, by Application–Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Drill Pipe Market Segmentation
Figure 2. Drill Pipe Market Segmentation – By Geography
Figure 3. North America & SAM Drill Pipe Market Overview
Figure 4. Drill Pipe Market, By Product
Figure 5. Drill Pipe Market, By Application
Figure 6. Drill Pipe Market, By Geography
Figure 7. North America PEST Analysis
Figure 8. SAM PEST Analysis
Figure 9. Drill pipe Market- Ecosystem Analysis
Figure 10. Drill pipe Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Drill Pipe Market
Figure 12. North America & SAM Drill pipe Market Revenue Forecast and Analysis (US$ Million)
Figure 13. North America & SAM Drill pipe Market Breakdown by Type, 2020 & 2028 (%)
Figure 14. North America & SAM API grade Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. North America & SAM Premium grade Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. North America & SAM Drill pipe Market Breakdown by Application, 2020 & 2028 (%)
Figure 17. North America & SAM onshore Market Revenue and Forecasts to 2028 (US$ Million)
Figure 18. North America & SAM Offshore Market Revenue and Forecasts to 2028 (US$ Million)
Figure 19. North America & SAM Drill pipe Market Revenue Share, By Region (2020 and 2028)
Figure 20. North America: Drill Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Drill Pipe Market Revenue Share, by Product (2020 and 2028)
Figure 22. North America: Drill Pipe Market Revenue Share, by Application(2020 and 2028)
Figure 23. North America: Drill Pipe Market Revenue Share, by Country (2020 and 2028)
Figure 24. US: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Canada: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. SAM: Drill Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM: Drill Pipe Market Revenue Share, by Product (2020 and 2028)
Figure 29. SAM: Drill Pipe Market Revenue Share, by Application(2020 and 2028)
Figure 30. SAM: Drill Pipe Market Revenue Share, by Country (2020 and 2028)
Figure 31. Brazil: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 32. Argentina: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 33. Rest of SAM: Drill Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 34. Global Impact of COVID-19 Pandemic in North American Country Markets
Figure 35. Global Impact of COVID-19 Pandemic in SAM Country Markets
The List of Companies - Drill Pipe Market
- TMK Group;
- National Oilwell Varco, Inc.
- DP-Master Onshore (S) Pte Ltd.
- Drill Pipe International, LLC
- Premier Drill Products, LLC
- Shanghai Hilong Drill Pipe Co., Ltd.
- Tejas Tubular Products, Inc
- Texas Steel Conversion, Inc
- Hunting PLC
- Universal HDD Company
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