The global drill collar market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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: the analyst provides an analysis of the key trends in each sub-segment of the global drill collar market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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?
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120 pages •
By Infiniti Research Limited
• Sep 2021
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